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Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry

Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining IndustryThe firm Digital Currency Group (DCG) is entering the mining industry, as the firm has pledged $100 million into a cryptocurrency mining firm called Foundry. The mining company Foundry was noiselessly founded in 2019 and it aims to offer capital, consulting, and intelligence to digital assets miners. Bitcoin mining is becoming a massive industry and […]

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Flooding Threatens China’s Bitcoin Miners, Chinese Billionaire Says ‘Three Gorges Dam Collapse Imminent’

This week cryptocurrency enthusiasts are still focused on the severe flooding in China during the 2020 monsoon season. The flooding has already displaced millions of Chinese citizens and skeptics are concerned about the vast number of bitcoin miners located in the Sichuan province. The landlocked province in Southwest China, Sichuan is located upstream of the […]

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2020 Monsoon Season and Dam Stress Threatens Chinese Bitcoin Miners

2020 Monsoon Season and Dam Stress Threatens Chinese Bitcoin MinersDigital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China. Recent estimates note that China has 50% of the world’s bitcoin mining capacity but if mining facilities are taken out by heavy rainfall and flooding, […]

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