Thursday, June 1, 2023
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
BitScoop
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
CRYPTO MARKETCAP
BitScoop
No Result
View All Result
Home Altcoin

Russia’s Third-largest Oil Firm To Energy Bitcoin Mining Farms | by ETELL | The Capital | Jun, 2022

by BitScoop
June 19, 2022
in Altcoin
Reading Time: 3 mins read
A A
0
Russia’s Third-largest Oil Firm To Energy Bitcoin Mining Farms | by ETELL | The Capital | Jun, 2022
Share on FacebookShare on Twitter

[ad_1]

Whatever the ongoing dialogue about whether or not Proof-of-Work (PoW) cryptocurrency mining has a adverse or constructive impression on the setting (and different areas), its profitability has led to a partnership between one in every of Russia’s main oil firms and a Bitcoin (BTC) mining internet hosting agency.

Certainly, Gazpromneft and BitRiver have joined forces to ascertain crypto mining services and operations at oil fields, based on a memorandum signed on the St. Petersburg Worldwide Financial Discussion board (SPIEF) on June 16.

As a part of the deal, BitRiver will construct the information facilities, whereas Gazpromneft will present flared has as an influence supply to function them. These knowledge facilities can be arrange at both new oil fields the place transportation infrastructure has not been created or distant websites the place transport is simply too costly.

The agency plans to create its knowledge facilities for power-intensive computing and energy scaling as much as 2 gigawatts, together with related petroleum gasoline, which can add to the soundness and a considerable amount of energy consumption, as per a press release despatched to CoinDesk by BitRiver’s founder and CEO Igor Runes.

All over the world, people and organizations are looking for methods to get on the Bitcoin mining bandwagon, though in some communities, these efforts are met with robust pushback and even lawsuits that pressured a few of these operations to relocate.

Nevertheless, Bitcoin mining has not too long ago grow to be unprofitable for some miners as the worth of the flagship digital asset has dropped to the common value it takes to mine it. The value slash has adopted a significant bearish pattern that has engulfed the cryptocurrency market in current days.

Comply with us for extra tales right here.

[ad_2]

Source link

Related articles

Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

March 7, 2023
54,308,468,786,386 Shiba Inu (SHIB) Now in Hands of World’s Largest Ethereum Whales

54,308,468,786,386 Shiba Inu (SHIB) Now in Hands of World’s Largest Ethereum Whales

March 7, 2023
Tags: altcoinsBitcoinbitcoin pricebitcoin updatesbitscoopCapitalCompanycrypto newscrypto updatesETELLFarmsJunlatest bitcoin newsminingOilpowerRussiasThirdLargest
Share76Tweet47
Previous Post

Bitcoin Crash Deepens, BTC Loses $20,000 Degree

Next Post

Circle unveils Euro Coin (EUROC), its first stablecoin backed by the euro | by Paul C. | The Capital | Jun, 2022

Related Posts

Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

by BitScoop
March 7, 2023
0

A popular Shiba Inu (SHIB) developer is warning that some Shibarium crypto projects are exploiting his credibility for their own...

54,308,468,786,386 Shiba Inu (SHIB) Now in Hands of World’s Largest Ethereum Whales

54,308,468,786,386 Shiba Inu (SHIB) Now in Hands of World’s Largest Ethereum Whales

by BitScoop
March 7, 2023
0

Shiba Inu (SHIB) has cemented its status as the largest altcoin holding among the 500 biggest whales on the Ethereum...

Traders Who Pounced on Shiba Inu-Related Altcoin Are Significantly Outperforming Investors in SHIB: IntoTheBlock

Traders Who Pounced on Shiba Inu-Related Altcoin Are Significantly Outperforming Investors in SHIB: IntoTheBlock

by BitScoop
March 6, 2023
0

Investors in one Shiba Inu-related altcoin are now significantly outpacing those who hold Shiba Inu (SHIB) itself. The analytics firm IntoTheBlock...

Market Outlook #210 – An Altcoin Trader’s Blog

Market Outlook #210 – An Altcoin Trader’s Blog

by BitScoop
March 5, 2023
0

You must be logged in to view this content. You can register for access to the Premium Content via the sign-up form...

Coinbase Executive Says Institutions Looking Beyond Bitcoin and Ethereum and Into Altcoin Markets

Coinbase Executive Says Institutions Looking Beyond Bitcoin and Ethereum and Into Altcoin Markets

by BitScoop
March 5, 2023
0

One of Coinbase’s top executives says that institutional investors may be more open to crypto assets beyond Bitcoin (BTC) and...

Load More
Next Post
Circle unveils Euro Coin (EUROC), its first stablecoin backed by the euro | by Paul C. | The Capital | Jun, 2022

Circle unveils Euro Coin (EUROC), its first stablecoin backed by the euro | by Paul C. | The Capital | Jun, 2022

Binance Dapp API – Easy methods to Simply Construct Initiatives on Binance » Moralis » The Final Web3 Growth Platform

Binance Dapp API - Easy methods to Simply Construct Initiatives on Binance » Moralis » The Final Web3 Growth Platform

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

March 7, 2023
Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

March 7, 2023
Guide to Using Multisig Wallets to Secure Your Crypto [2023]

Guide to Using Multisig Wallets to Secure Your Crypto [2023]

March 7, 2023
Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

March 7, 2023
The 2023 Guide to Avalanche’s Fuji Testnet & Avalanche Faucets

The 2023 Guide to Avalanche’s Fuji Testnet & Avalanche Faucets

January 10, 2023
How to Pay a BitPay Invoice with Polygon

How to Pay a BitPay Invoice with Polygon

November 8, 2022
Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

March 7, 2023
Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

March 7, 2023
Guide to Using Multisig Wallets to Secure Your Crypto [2023]

Guide to Using Multisig Wallets to Secure Your Crypto [2023]

March 7, 2023
Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

March 7, 2023
A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

March 7, 2023
Judges Consider Grayscale’s Arguments In Bitcoin ETF Hearing Against SEC

Judges Consider Grayscale’s Arguments In Bitcoin ETF Hearing Against SEC

March 7, 2023
Facebook Twitter LinkedIn Tumblr
BitScoop

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Bitscoop

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Bitscoop.
Bitscoop is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT

Copyright © 2022 - Bitscoop.
Bitscoop is not responsible for the content of external sites.