Category: Bitcoin News

Pakistan Bitcoin Mining scene just got hotter

Pakistan has announced plans to allocate a portion of its surplus electricity to Bitcoin mining. Some of this will also be allocated to artificial intelligence data centers. He added that Pakistan has held discussions with several Bitcoin mining companies. The locations of the mining centers will be determined based on areas with excess power supply.

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Sweden to create its Bitcoin reserve

News is coming that Sweden is considering adding Bitcoin to its foreign reserves very soon. Their lawmaker Rickard Nordin said that Bitcoin has gold like currency properties. He added Bitcoin is widely used and is an effective way to combat inflation, just like Gold. 

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Bitcoin hashrate surpasses 900M TH/s

Bitcoin network is more secure than ever, as it surpasses 900M TH/s hashrate. The bitcoin mining hardware used for mining also gets more efficient over time. Oftentimes, old hardware becomes irrelevant quickly, in a 5 year span that hardware costs more in electricity to run than the value of the bitcoin it mines.

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