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Ad Several crypto stakeholders have criticized the New York Times April 10 report on Bitcoin (BTC) mining, arguing that it does not reflect happenings in the industry. What NYT wrote According to the report, Bitcoin mining consumes as much electricity as a small city. The report added that the activities do not generate economic value,…
Despite China’s hostility towards the Bitcoin mining space earlier in the year, the hashrate of the digital asset has increased a great deal within the last 3 months by over 30%. Bitcoin hashrate is getting stronger In July, Bitcoin’s hashrate was as low as 103 exahash per second (EH/s), but as of press time, it…