Mining

A 15-year-old Bitcoin wallet containing 50 BTC mined in 2010 has suddenly been activated, sparking speculation about a potential sell-off. The move comes as miners increasingly sell their holdings due to rising operational costs and a declining Bitcoin price.

China has quietly become the third-largest bitcoin mining nation, driven by cheap energy, new data centers, and a softer government stance, despite a downturn in mining profitability.

The U.S. government is investigating Chinese mining hardware giant Bitmain over concerns its equipment could be used by China to remotely destabilize the American power grid, posing a significant national security risk.

A solo Bitcoin miner using a small home setup has successfully mined a full block, earning a reward of over €250,000. The rare event highlights the network’s openness, even as large mining firms shift towards AI.

The author argues that Bitcoin’s real underlying value is not ideological but the energy (electricity) used to mine it, providing a tangible backing for the cryptocurrency.