An IT specialist working for a medical institution in Russia’s Altai Republic has been detained for illegally mining cryptocurrency at the premises of a Covid-19 hospital. The man minted digital currencies using stolen electricity for almost a year before law enforcement busted his crypto farm [...]
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United States Senator Ted Cruz believes that Bitcoin and BTC mining are beneficial to both the economy and the environment. Cruz says at the Texas Blockchain Summit event that Bitcoin generates prosperity which in turn benefits the environment [...]
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The rise in popularity of the cryptocurrency market has brought with it increased scrutiny, especially regarding the sustainability and environmental impact of these digital assets. Famously, the energy requirement of the Bitcoin network alone has been compared to that of a small country — say Norway. Many people have come to understand this is because of the mining involved in securing the network. But exactly what is crypto mining, and are there alternative solutions? [...]
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