BTC miners worry about cheap power, abuse of tariff powers

Quick Summary:

Cambridge's report highlights the trends, economics, and sentiments of miners toward block reward mining amid the dwindling price of BTC tokens.

The post BTC miners worry about cheap power, abuse of tariff powers appeared first on CoinGeek.

According to the report, 6.8% of miners are already installing modular mining rigs near oil drilling sites, allowing them to use excess natural gas that’s ‘flared’ or ‘vented’ during the extraction process.

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Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets: CanadaChinaEthiopiaParaguayUnited States

Topics: AI Data Center Renewable Energy AI Tax Donald Trump Fossil Fuel ASIC Trump Administration Block Reward Mining Cambridge Centre for Alternative Finance Artificial Intelligence BTC Sustainability Energy Business Crypto Crime Cartel

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 11:00:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1912 words

Reading Time: 11 minutes read

Sentences: 69 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 28297538

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