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ZA Miner revolutionizes cloud mining with a free platform
ZA Miner, a prominent cloud mining provider based in Middlesex, United Kingdom, has launched a free cloud mining platform aimed at making cryptocurrency mining more accessible. This innovative platform allows users to mine Bitcoin (BTC), Dogecoin (DOGE), and Litecoin (LTC) without the need for expensive hardware or upfront costs. The initiative aligns with global crypto-friendly policies and addresses the growing demand for inclusive mining opportunities.
New users are offered a $100 free mining contract to explore the platform without financial risk. Additionally, ZA Miner provides flexible contract options tailored to various investment goals. The platform operates energy-efficient mining facilities in Kazakhstan and Iceland, ensuring cost-effective and sustainable operations. Key features include daily payouts, no electricity costs, SSL encryption, and DDoS protection for robust security. ZA Miner also offers a partner program for users to earn commissions by referring others.
“ZA Miner redefines access to cloud mining, enabling individuals to engage in the digital economy simply and securely,” stated the company.
Key Takeaways:
- Free $100 mining contract for new users.
- No hardware or electricity costs required.
- Daily payouts and robust security measures.
Bitcoin mining heats up spas in Brooklyn
The Bathhouse Spa in Brooklyn has adopted an innovative approach by utilizing the heat generated from Bitcoin mining to warm its pools and hammams. This creative solution was developed by co-founder Jason Goodman, who recognized the potential of repurposing the immense heat produced during cryptocurrency mining. Six mining devices, cooled in a special oil bath, are sufficient to maintain a whirlpool at 40 degrees Celsius.
While this method does not reduce energy consumption, it effectively doubles the utility of the energy used. Similar initiatives are being explored globally, such as in Finland, where Marathon Digital Holdings uses mining facilities to power a district heating system for 80,000 households. However, critics highlight the significant environmental impact of Bitcoin mining due to its high energy consumption, even when renewable energy sources are utilized.
Key Takeaways:
- Bitcoin mining heat is used to maintain spa temperatures.
- Energy is utilized twice, though overall consumption remains high.
- Global examples include district heating in Finland and office heating in China.
Tether invests in Bitcoin mining despite market challenges
Amidst a challenging period for the Bitcoin mining industry, Tether, the issuer of the USDT stablecoin, has increased its investment in the sector. In April, Tether acquired approximately $32 million worth of shares in Bitdeer, a major publicly traded mining company listed on Nasdaq. This move comes as Bitdeer’s stock has suffered a nearly 67% decline this year, reflecting broader industry struggles due to stagnant Bitcoin prices and rising mining difficulty.
Tether now holds a 21% stake in Bitdeer and also supports the Bitcoin mining pool Ocean by providing computational power. Despite past legal issues, including a 2021 settlement in New York over misrepresentation of USDT reserves, Tether continues to expand its presence in the mining sector. Experts view this investment as a strategic bet on a potential recovery in the Bitcoin mining market.
Key Takeaways:
- Tether invests $32 million in Bitdeer amidst a 67% stock decline.
- Bitdeer faces challenges from rising mining difficulty and stagnant Bitcoin prices.
- Tether’s involvement signals confidence in the sector’s long-term potential.
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