Russian authorities have shut down one of the most unique illegal cryptocurrency mining operations ever seen—one that was hidden inside a KamAZ truck—located in Buryatia. Our covert operation had been stealing power from an adjacent community—wreaking havoc on the place’s grid. This marks the sixth documented case of electricity theft...
The world of cryptocurrency and blockchain technology is full of promise. One another such rising worry, though, is illegal crypto mining — especially where energy is cheap. For the past few years Russia has experienced an upsurge of these operations often resulting in severe environmental, social and economic repercussions. This...
We all know losing cryptocurrency is an emotional gut punch. The flipside of that freedom is that crypto’s decentralized, self-custodied nature often makes mistakes permanent—and expensive. Be it a lost password, a phishing attack, or just a bad DevOps day, that sinking feeling is all too familiar. Luckily, the increasing...
Ethereum (ETH) is at an extremely important crossroads, trading under $2,500 with major resistance. Ethereum has had a tough time breaking above this critical psychological level, even with a recent $269m inflow into Ethereum investment products. This article discusses the implications of this flood. It further analyzes how it might...
The fight against an unsustainable crypto mine at Greenidge Generation on the banks of Seneca Lake in Yates County, New York is picking up. This ongoing debate highlights important issues regarding environmental justice and the long-term viability of cryptocurrency mining. At KnowingCoin.com, we focus on what really matters. We lay...
The battle over the environmental effects of cryptocurrency mining is getting hot. Currently, in New York State, ambitious climate goals are running up against the energy-intensive needs of crypto operations. Greenidge Generation, a gas-fired power plant that has recently pivoted to primarily focus on Bitcoin mining, sits in the middle...
The Greenidge Generation crypto mining facility as seen on July 22, 2021, in Dresden, Yates County, New York. It continues to be at the focus of today’s hot debate. Unfortunately, this facility is currently powered by fracked natural gas. It has drawn fierce criticism for its huge carbon emissions and...
Greenidge Generation fossil-fueled Bitcoin mining operation, Yates County, New York. Yet the damage it has caused to Seneca Lake’s environment has become the focus of an extreme controversy. Local residents, environmental advocates and state officials have long trumpeted the operations of the plant as detrimental. Some of these operations even...
The financial landscape is rapidly changing, and the cryptocurrency marketplace is leading the charge into the future. The world’s first US staked cryptocurrency exchange-traded fund (ETF) is set to launch shortly. This landmark decision has the potential to redefine the landscape of how investors interact with digital assets. This ETF,...
Ethereum, the second largest cryptocurrency by market capitalization, is making all the right moves. Or perhaps it is finally ready to bust out after months of choppy consolidation. With quick declines like this, analysts are searching for any early indicators. From institutional investments to network activity to upgrades on the...