Tag: Bitcoin mining

Project Mano: Ethiopia’s Visionary Leap into Bitcoin Mining and AI Innovation

Ethiopia set to establish a $250 million bitcoin mining and AI data centre, led by the Russian bitcoin mining company BitCluster. The facility's...

Anticipating Phoenix: UAE’s Crypto Trailblazer Delays IPO for National Day

Cryptocurrency mining firm Phoenix Group is poised for its IPO debut after experiencing substantial oversubscription, highlighting robust investor interest. The rescheduled listing date...

Tether unveils Bitcoin mining software to increase capacity

Tether is set to launch JavaScript libraries for Bitcoin mining hardware, potentially open-source Led by CTO Paolo Ardoino, Holepunch boosts Bitcoin mining efficiency...

CAR bitcoin failure: Is Africa ready to legalize cryptocurrencies

Bitcoin failure in CAR reveals loopholes that must be fixed before the continent is ready to adopt cryptocurrencies widely. The Central African country...

Hydroelectricity top Bitcoin mining energy source

The major energy source used by the Bitcoin network is hydro, which accounts for 23% of all Bitcoin mining 55.51% of the Bitcoin...

Is crypto mining experiencing an irreversible downfall?

Unlike the PoS mechanism used by the Merge, PoW has a simple cut-and-dry policy; network members had to expend effort solving an arbitrary...

Argo Blockchain faces bankruptcy with recent stock exchange plunge

Mike Edwards and Peter wall founded Argo Blockchain in 2018 to provide the necessary support and facilities that crypto miners needed to generate...

Kenya’s Gridless uses excess electricity for Bitcoin mining

Gridless is working with small Kenyan hydroelectric plants, generating below 100KW Gridless is making it possible for power generators to channel the excess...

USB Mining attracts potential crypto miners in Africa

USB mining is typically a tiny mining rig a crypto trader can establish through a Universal Serial bus (USB) stick. In January 2022,...

Using crypto as a hedge against inflation might take some time

During market turmoil, experts recommend the application of caution when it comes to crypto investing. Utilizing crypto as the only method for protecting assets from inflation would be imprudent. With time, blockchain technologies will improve, resulting in increased stability and the use of crypto as a hedge against inflation. The equipment is already in place.

Decentralized finance: Redefining financial transactions in the digital economy

In contrast to the traditional financial system, DeFi gives individuals greater control over their assets and the ability to choose how to invest them without relying on an intermediary.

Kenya: KenGen readies to offer geothermal energy to bitcoin miners

Kenya Electricity Generating Company PLC, KenGen, is ready to offer its surplus geothermal power to bitcoin mining companies to help them meet their high energy demands.

Bitcoin Mining in Africa

Energy infrastructure investment is a big step towards making Bitcoin mining in Africa a more sustainable business. If more countries in Africa invest in energy...

Can Africa’s Bitcoin mining be boosted by solar power?

A closer look at the region reveals that many in the West are underestimating Africa's potential as a blockchain innovation hub. At the end...