Friday, January 27, 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
Share on FacebookShare on Twitter


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.



Source link

Related articles

Leading Crypto Analyst Dives Into Bitcoin and Ethereum, Says Two Altcoins Are ‘Going Through the Roof’

January 26, 2023

Top 10 Picks For The Next Cycle (And A Bonus) – An Altcoin Trader’s Blog

January 26, 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

Leading Crypto Analyst Dives Into Bitcoin and Ethereum, Says Two Altcoins Are ‘Going Through the Roof’

by BitScoop
January 26, 2023
0

A widely followed crypto analyst says the next “massive cycle” for Bitcoin (BTC) and Ethereum (ETH) is only beginning. Crypto...

Top 10 Picks For The Next Cycle (And A Bonus) – An Altcoin Trader’s Blog

by BitScoop
January 26, 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...

Ethereum Price Outlook as the DXY Index Crash Continues

by BitScoop
January 26, 2023
0

Cryptocurrency prices remained in an upbeat tone on Thursday as the US dollar index continued its bearish move. Bitcoin, the...

WTF Will Bitcoin Do Now?. BTC seems strong as hell. Is it one big… | by Nicholas Carey | The Capital | Jan, 2023

by BitScoop
January 26, 2023
0

BTC seems strong as hell. Is it one big fake out?As of this writing, BTC sits above $22k, a five-month-high....

Embattled Crypto Broker Genesis Aiming To Come Back From Bankruptcy in Coming Months: Report

by BitScoop
January 25, 2023
0

Troubled crypto lender Genesis is reportedly confident that it could emerge from its bankruptcy proceedings in just a few months....

Load More
Next Post

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

Leave a Reply Cancel reply

Your email address will not be published.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

  • Trending
  • Comments
  • Latest

Dogecoin To Remain Above These Levels To Turn Around

December 29, 2022

Poland’s Consumer Protection Agency Opens Case Against Cryptocurrency Exchange – Exchanges Bitcoin News

January 15, 2023

Romania Carries Out Raids as Part of Crypto Tax Evasion Probe – Taxes Bitcoin News

January 8, 2023

Neobank N26 Exapnds Crypto Trading to 5 New Countries

January 17, 2023

Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals – Bitcoin News

January 25, 2023

Record-breaking Goya portraits lead the way at Christie’s muted $62.7m Old Masters auctions in New York

January 26, 2023

Paraguayan Bitcoin Mining Companies Hurt by Power Rate Hikes of Over 50% – Mining Bitcoin News

January 27, 2023

Rallies 10%, Polygon Bulls Aim Big

January 27, 2023

Know Everything about Decentralized Social Networks

January 27, 2023

Ethereum Price Another Rejection Signals Risk of Bearish Reaction

January 27, 2023

Financial Advisors See Strong Interest in Crypto — 90% Receive Inquiries About Crypto Investing, Survey Shows – Featured Bitcoin News

January 27, 2023

Better Launches One Day Mortgage

January 27, 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.