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Mining Report Shows Bitcoin’s Electricity Consumption Decreased by 25% in Q1 2022

Mining Report Shows Bitcoin’s Electricity Consumption Decreased by 25% in Q1 2022At the end of May last year, Tesla’s Elon Musk convinced bitcoin industry leaders to form a Bitcoin Mining Council (BMC) and in mid-July, the BMC launched its public services and website. On April 25, 2022, the organization published a report that discusses the bitcoin mining industry’s improvements in sustainable energy use during the first […]

Crypto Analyst Predicts Sudden Bounce for Bitcoin (BTC), Updates Outlook on XRP

Higher Bitcoin Prices Create Resurrection of Old Mining Rigs, Outdated Miners See New Life

Higher Bitcoin Prices Create Resurrection of Old Mining Rigs, Outdated Miners See New LifeThe price of bitcoin has dipped a hair in value this past week, but the crypto asset is still up 14.4% over the course of the last month. Statistics show that Bitcoin’s hashrate has seen a resurgence and because bitcoin’s price has increased, mining profitability and hashrate has followed suit. Today’s top bitcoin mining rig […]

Crypto Analyst Predicts Sudden Bounce for Bitcoin (BTC), Updates Outlook on XRP