The European Commission (EC) is facing criticism from the crypto community over its proposed methodology to calculate and mitigate the “environmental” impact of Bitcoin. Daniel Batten, co-founder of CH4 Capital, has expressed concerns that the EC’s approach could lead to an EU mining ban and have far-reaching consequences for the global Bitcoin community. Batten argues that […]
According to recent reports, a crypto YouTuber and his former girlfriend face serious allegations in a recent lawsuit filed by a Minnesota power company. The lawsuit alleges that the couple attempted to bribe employees to upgrade a Bitcoin (BTC) mine that was allegedly stealing a significant amount of electricity. Accused Of Power Theft To Fuel […]
Bitcoin Community Accuses BBC Of Sensationalism In Controversial Mining Article | Bitcoinist.com
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A recent article published by the BBC has sparked a heated debate among cryptocurrency enthusiasts and critics regarding the environmental impact of Bitcoin (BTC) mining. The piece, titled “Every Bitcoin payment ‘uses a swimming pool of water,’” raised concerns about the water consumption associated with the mining process. However, critics argue that focusing solely on […]
Celsius Network’s Bitcoin Mining Ambitions Hang In Balance Pending Critical Creditor Vote | Bitcoinist.com
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Crypto lender Celsius Network may be required to seek a new creditor vote on its proposed transition into a Bitcoin (BTC) mining business, according to a Reuters report. Celsius Network Faces Potential Pushback Last week, Celsius Network announced its decision to streamline its post-bankruptcy operations solely focused on Bitcoin mining. This shift was prompted by […]