How sustainable was Bitcoin mining industry in Q2 2022?

Jul 24, 2022

Each quarter, the Bitcoin Mining Council (BMC) releases survey data on the state of the global BTC mining industry. The most recent report shows that the estimated energy mix of mining comes 59% from renewable sources.

Desperate for cash: Tesla sold most of its Bitcoin stash

Jul 21, 2022

Elon Musk is the “Dogefather” and caused more than one controversy within the last two years. Some people blame him for single-handedly pumping the market on several occasions while others are thankful that the richest man on earth blessed their bags. His impact on price movements is still up for debate but the most recent move of Tesla caught the attention of the Bitcoin community. Why has Tesla sold a large stack of its BTC and why is this not as negative as it sounds. 

Bitcoin as insurance against fiat failure

Jul 20, 2022

As Bitcoin simply carries on doing its thing - tick tock, another block - we humans keep trying to figure out what it actually IS. Is it the purest form of monetary energy, as Michael Saylor would have it? Is it the future of money? Or is it, in the view of Greg Foss, an insurance against the bankruptcy of governments? Let's focus on the latter view.

Too hot for Bitcoin – Why Texas miners are shutting down

Jul 18, 2022

A Bitcoin miner’s business usually depends on two things: electricity and ASICs. But there is more that has to be taken into the equation to run a successful mining venture. One thing is the local climate because the equipment will only work within certain limits regarding humidity or temperature. Of course, some of the effects of a harsh climate can be lessened by installing additional cooling or taking other measures that reduce the impact on the operations.


Trade anytime, anywhere

Boost your trading impact and reaction time in over 80+ cryptocurrencies via instant access to your portfolio with the LiteBit app.

  • 2525 Ventures B.V.
  • 3014 DA Rotterdam
  • The Netherlands
More info
  • About LiteBit
  • Careers
  • Business account
  • Support
  • Sell
  • News
  • Education
Subscribe for updates

Sign up to stay informed via our email updates

Explore popular coins
© 2022 LiteBit - All rights reserved