In a new report published by CoinShares on Monday, the firm estimated that the Bitcoin (BTC) mining network emitted 42 megatons, or Mt, (1Mt = 1 million tons) of carbon dioxide, or CO2, in 2021. In context, the number amounts to less than 0.08% of the world's total emissions of 49,360 Mts of CO2 in the same year. CoinShares came to such figures using a variety of estimates … [Read more...] about Bitcoin mining network accounts for 0.08% of world’s CO2 production
Production
Crypto Miner Digihost’s December Bitcoin Production Falls 11%
The miner has also received "all planning board permits and compliance approvals" to ramp up the development of a 60MW power plant in New York, which it expects to be completed by mid-February. However, it is still waiting for the final approval from utilities regulator, Public Service Commission, for the acquisition of the building. Source link … [Read more...] about Crypto Miner Digihost’s December Bitcoin Production Falls 11%
Marathon Digital’s Bitcoin Production Fell in November as Maintenance Work Cut Capacity
Marathon’s fleet consists of 31,000 active miners producing approximately 3.2 exahashes per second (EH/s). The company received another 15,520 top-tier ASIC miners from Bitmain last month. So far this year it’s taken delivery of 56,826 miners, with another 8,477 on the way. Source link … [Read more...] about Marathon Digital’s Bitcoin Production Fell in November as Maintenance Work Cut Capacity
Hive Blockchain to Raise C$110M to Expand Bitcoin Production
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.@2021 … [Read more...] about Hive Blockchain to Raise C$110M to Expand Bitcoin Production
Bitfarms to Expand Production Facilities to Add 2.1 EH/s of Mining Power
Bitfarms (BITF), the Canadian crypto miner, is constructing two new production facilities in Sherbrooke, Québec, that are slated to be completed in two phases next year, adding 78 megawatts of total capacity.The construction is scheduled to be completed in phases during the first and second quarters of 2022 and will accommodate about 21,000 new miners, according to a … [Read more...] about Bitfarms to Expand Production Facilities to Add 2.1 EH/s of Mining Power