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New York-Based Power Plant Greenidge Generation Mines $50,000 Worth of Bitcoin on a Daily Basis

New York-Based Power Plant Greenidge Generation Mines $50,000 Worth of Bitcoin on a Daily Basis

Greenidge’s 65,000-square-foot facility was initially built in 1937 as a coal plant before eventually being closed down in 2011. The plant remained dormant for five years before Atlas Holdings, Connecticut-based private equity company, converted it into a natural gas plant in 2016 to generate clean energy. Because of the high power that crypto mining machines use in their operations, countries have initiated stricter measures to discourage miners from conducting their mining activities. Some of these measures involve increased electricity fees, which have compelled most miners to move to other cities with favorable electricity billing.

Exclusive: Talent Shortage is The Key Pain Point in the AI Industry

Exclusive: Talent Shortage is The Key Pain Point in the AI Industry

Artificial intelligence is one of the emerging fintech trends in Hong Kong. While there are some great minds and AI companies in Hong Kong, they can’t survive without sufficient funding and technical support from government and industry leaders. We had the opportunity to invite Timothy Leung, Executive Director of HKAI Lab, to share his thoughts on how HKAI Lab facilitates the growth of AI ecosystem in Hong Kong. He also identified talent shortage is the key pain point in AI industry which hinders integration of AI and blockchain.

European Commission Blockchain Report: The 3 Key Takeaways

European Commission Blockchain Report: The 3 Key Takeaways

Since the inception of Bitcoin, much hype and public attention have followed the development of cryptocurrencies their value being dismissed by many while others have become hoarders of crypto. Away from the uncertainty of cryptocurrency future value, one aspect of the technology is now squarely in the limelight—the blockchain platform or distributed ledger technology that make the currencies possible.

Bitcoin Sets Another All-Time High at Over $29K, Key Indicator Suggests BTC Whales Not Looking to Dump

Bitcoin Sets Another All-Time High at Over $29K, Key Indicator Suggests BTC Whales Not Looking to Dump

Bitcoin’s price has made yet another all-time high at over $29,200 in the past few hours. The last time Bitcoin reached a new all-time high was yesterday.

Blockchain Interoperability—What are the Key Drivers?

Blockchain Interoperability—What are the Key Drivers?

Blockchain Interoperability, the ability to connect different blockchain ecosystems, is gaining a lot of traction today. But, first of all, it is necessary to understand if we need interoperable blockchains. What problems do they solve? Or will they create more troubles? And finally, what are the various challenges involved in going down the path of interconnecting blockchains?

IOTA’s Next Generation Wallet—Firefly: What New Features to Expect

IOTA’s Next Generation Wallet—Firefly: What New Features to Expect

Firefly, the new wallet comes with a range of improvements that will transform IOTA into an enterprise-ready protocol.

PrimeXBT Review | Key Features Offered By Advanced Trading Platform

PrimeXBT Review | Key Features Offered By Advanced Trading Platform

Reviews of trading platforms are essential in assisting traders with selecting the proper platform for their unique trading style, taste in trading instruments, and features that stand out as must-haves. It can save traders a great deal of time and money, by weeding out the platforms that don’t deserve a deposit.

What is Tendies (TEND)?

What is Tendies (TEND)?

Tendies aims to be the next-generation autonomous and hyper deflationary cryptocurrency. Tendies, has called itself the “Dogecoin of the DeFi age."

Bitcoin Needs to Overcome One Key Factor Before Its Price Run to $20K

Bitcoin Needs to Overcome One Key Factor Before Its Price Run to $20K

Market experts are saying that if Bitcoin clears one key resistance level, it may reach $20K with less obstacles along the way.

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