We know how that is supposed to end after “then they fight you” but that is only one of 4 scenarios that could play out. First, let’s look at who is attacking El Salvador with words. A lot of people who should not care a damn about a country that represents 0.02% of global GDP,…
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El Salvador’s moves in bitcoin align to the main job job of an economy – to put money in the pockets of the people – in 3 ways: Tourism money. Bitcorati (people who made money from Bitcoin) want to have some fun when not talking crypto innovation and El Salvador has lots of fun things…
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If you want to annoy a Bitcoin fan, talk about the electricity cost of mining killing the planet. El Salvador is showing why this is lie by using renewable volcano energy to generate electricity to power Bitcoin mining. Whether the renewable energy source is volcano, or sun or wind or tides or geothermal geysers, the…
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El Salvador is getting a lot of attention for a little known country whose GDP in 2020 was only $24.64 bn (0.02% of the world economy). After El Salvador announced the stunning move to make Bitcoin legal tender on 25 June 2021, Daily Fintech opined 10 reasons El Salvador President made the right call on…
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Jackson, Tennessee is the latest city in the United States moving to adopt Bitcoin (BTC) payments and mining, following recent crypto developments in Florida. Jackson Mayor Scott Conger announced Wednesday that the city is actively exploring the option to pay its employees in cryptocurrency in addition to mining Bitcoin and adding it on the city’s…
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After four months of closure, Iran’s largest Bitcoin mining facility is set to resume its operations. According to a report by IranWire, the decision to restart operations at the Bitcoin mining farm was due to massive financing put up by Chinese backers. Located in Rafsanjan, a city in the Kerman Province of Southeast Iran, the…
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Mike Colyer, CEO of Foundry Digital, a crypto mining subsidiary of Digital Currency Group, says that mining Bitcoin could eventually help the world transition to green energy. Speaking at the Crypto Mining Forum online event today, Colyer said he believes that as major energy companies see the economic benefits of mining cryptocurrencies like Bitcoin (BTC),…
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In an announcement today, Riot reported that it had produced 187 Bitcoin (BTC) — roughly $11.2 million — last month, an 80% increase over its BTC mining in March of last year. The company said it held more than 1,565 Bitcoin on its balance sheet as of March 31, more than $94 million in crypto.…
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Bitcoin’s bullish 2020 closeout was not enough to prevent Canaan from incurring a net loss in 2020. According to the company’s unaudited financial report for Q4 2020, the Bitcoin (BTC) miner maker’s net loss for 2020 was about $33 million. However, Canaan’s 2020 net loss is significantly lower than the $148 million recorded in 2019.…
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North America-based crypto mining company Blockcap announced over the weekend it would be establishing new offices in Austin, Texas. In an announcement from Blockcap on Friday, the mining company claimed once its new facilities are operational in the Lone Star State’s capital, its hashing power will be roughly 3.5 exahash per second from a total…
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