Category: American bitcoin mining

What are the hidden costs of Riot Blockchain’s (RIOT.Q) Texas expansion?

Riot Blockchain’s (RIOT.Q) latest addition to their Bitcoin mining and hosting empire, to the tune of 1 gigawatt in Texas, isn’t good for either Bitcoin or the environment, or you. Granted, not everything Riot’s doing is horrible. They’ve managed to offset a good chunk of their electrical bill by adding immersion cooling to their equipment,… Read More »What are the hidden costs of Riot Blockchain’s (RIOT.Q) Texas expansion?

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DMG Blockchain Solutions (DMGI.V) and Argo Blockchain are finding the opportunity in abdicated responsibility

The problem with giving the cool kids power and attention in a market setting is they tend to bend and twist the situation to meet their agenda. Let’s take Elon ‘social responsibility’ Musk this month throwing his weight around on Twitter, causing Bitcoin (and Doge’s) price to dance like a marionette on a string, before […]

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Riot Blockchain’s (RIOT.Q) bid to keep up in the Bitcoin arms race has unintended consequences

The high price of Bitcoin has started an arms race between bitcoin miners to see which company can scale the largest, while maintaining the lowest overhead. But the unforeseen consequences of that are its contribution to the ongoing environmental calamity brought on by burning fossil fuels to close blocks.   The results are mergers and… Read More »Riot Blockchain’s (RIOT.Q) bid to keep up in the Bitcoin arms race has unintended consequences