Coinshares

A consortium including CoinShares and Blockchain has launched a gold-backed token on a Bitcoin sidechain.

With the bitcoin price and hash rate falling on the same day, many speculated that one caused the other. But the hash rate didn’t actually fall.

Energy suppliers should be clamoring over the opportunity to get a steady, predictable power use customer, and Bitcoin is exactly that.

According to CoinShares’ latest biannual mining report, the vast majority of bitcoin mining power comes from renewable energy sources.