Paul Krantz

Texas Bitcoin Mining. Image: Shutterstock

Death of 'Anti-Mining' Bill Means Texas Miners Can Keep Raking in Energy Credits

Large Bitcoin miners operating in Texas, such as Riot Platforms and Lancium, can breathe a sigh of relief after one bill, which would have eliminated energy credit incentives for the industry, is effectively dead. "We are thrilled that the Texas House saw fit to ensure that SB 1751 did not make it to the Governor's desk," Lee Bratcher, President of the Texas Blockchain Council, told Decrypt. Riot's head of public policy also took to Twitter on Tuesday to "report an excellent outcome for Bitcoin

The European Union flag. Image: Shutterstock

Crypto Leverage ‘Is Only a Problem’ When it Impacts Traditional Finance: EU Watchdog

Crypto contagion risk is low today, but a European watchdog is keen to keep it that way. A new report from the European Systemic Risk Board (ESRB) found that the industry’s economic impact is minimal, but recommends policy options that would allow EU bodies to better monitor the crypto sector and mitigate any risks. Among other suggestions, such as actively monitoring contagion and education, the ESRB also highlighted the importance of monitoring leveraged trading in the crypto industry. “Levera

CleanSpark is a Bitcoin mining firm based in the United States. Image: Shutterstock.

CleanSpark Eyes Expansion Plans Ahead of Bitcoin Halving

With Bitcoin prices still slumped since this time last year, CleanSpark took time during its latest earnings call to assure investors of the firm's financial health. According to statements provided by CleanSpark Inc., the U.S.-based Bitcoin mining company doubled the number of Bitcoin mined last quarter compared with Q2 of last year, but its revenue increased only 14%. CleanSpark's CFO Gary A. Vecchiarelli said that the stunted revenue growth was largely a result of low Bitcoin prices. "Our rev

What's the best use for "excess" energy? Image: Shutterstock.

Batteries or Bitcoin: Is Mining the Best Use for ‘Excess’ Green Energy?

For Bitcoin miners the motive to power their operations with renewables is clear–it's economical. Per data from MacroMicro, it costs $26,979 to mine a Bitcoin on average. With the price of the leading cryptocurrency hovering around $28,500, cutting costs is key to fattening miners’ margins. Mining outfits that can tap cheaper energy powered by renewables, such as wind, hydro, or nuclear, are thus at a clear advantage over their competition. What’s more, beyond heftier profits, these miners also

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Stories by Paul Krantz

Death of 'Anti-Mining' Bill Means Texas Miners Can Keep Raking in Energy Credits

Crypto Leverage ‘Is Only a Problem’ When it Impacts Traditional Finance: EU Watchdog

CleanSpark Eyes Expansion Plans Ahead of Bitcoin Halving

Batteries or Bitcoin: Is Mining the Best Use for ‘Excess’ Green Energy?