mining operations - FinTecBuzz

Cryptocurrencies Rising Again in Popularity Over Recent Weeks

September 1, 202120 min

Cryptocurrency mining produced increasing revenue over the last several years, leading to 63 million U.S. dollars on a single day in 2021. Bitcoin mining is an investment, weighing the cost of energy and hardware against the expected returns. Mining pools, or groups of miners, tend to be located in regions where electricity is inexpensive. These miners also follow different virtual currencies, mining the cryptocurrency that they expect will have the highest return. Cryptocurrencies are virtual commodities designed...

by PRNewswire

Crypto Currencies

Cryptocurrency Miners Relocate to the U.S.

August 6, 202112 min

The cryptocurrency market is complex, and at this point relies on the progression of technology and software, but political decisions will also play an important role in its future. For example, China’s crackdown on crypto mining had sent prices tumbling initially, but recovery has since started, and miners have begun to look for viable alternatives. Many have already, or are in the process, of relocating to Texas. The state also seems to provide a possible solution to the...

by PRNewswire

Crypto Currencies

U.S Cryptocurrency Miners Fill the Void for Power Solutions

July 2, 202115 min

Recently, the price of Bitcoin dropped after orders by local authorities to halt mining in Southwest China’s Sichuan Province came late last week, resulting in the shutdown of numerous Bitcoin mines. According to a report from Global Times (China’s national English language newspaper) the ban means that more than 90% of China’s Bitcoin mining capacity is estimated to be shut down, at least for the short term, as regulators across the country have taken similar harsh steps. Now, as a result...

by FTB News Desk

Crypto Currencies

Web Global Holdings, Inc. Releases New Teaser Trailer For Highly Anticipated “CryptoCake” Streaming TV Channel

October 30, 201810 min

Web Global Holdings, Inc. (OTC: WEBB) a diversified cryptocurrency holding company specializing in media and digital currency mining operations, today announced the release of the first teaser trailer for its highly anticipated OTT streaming TV channel CryptoCake™. The trailer will be available on the company’s website CryptoCake.com as well as the CryptoCake YouTube channel https://www.youtube.com/c/CryptoCake The creators and lead producers of CryptoCake will be showcasing the new trailer at World Crypto Con 2018 conference in Las Vegas from October 31-November 2....