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Bitcoin Miner Buys 5,000 ASICs as Network Hash Rate Climbs to New All-Time High

German Bitcoin (BTC) mining company Northern Bitcoin has signed a deal to buy almost 5,000 mining rigs from Bitmain and Canaan Creative, the company confirmed in a press release on July 1. Northern, which is headquartered in Frankfurt but operates a site in Norway, aims to double its capacity, currently operating with 55 petahashes per second.  The expansion is part of a long-term […]

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Buying Bitcoin Has Been Profitable 98.2% of the Days Since Creation

Bitcoin (BTC) has been profitable as an investment 98.2% of the days since its creation, data from holdcalc.com as of July 1 indicates. Counting 3830 days back — to January 4, 2009, one day after the coin’s Genesis Block was hashed  — holdcalc’s data suggests that on 3671 of these, it was profitable to buy bitcoin (BTC) as […]

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Post Smuggler Robert Platshorn Pitches Pot to Seniors

Dressed in a white guayabera and loose-fitting grandpa jeans, Robert Platshorn walks onto a small stage set up in the clubhouse of Lakes of Delray, a 55-and-over condo development in Delray Beach. About 300 snow-haired residents sit on dining-room chairs on a midafternoon in early March. They’ve shown up to hear Platshorn talk about the […]

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New York City Looks to Bar Marijuana Testing for Job Applicants

New York City employers wouldn’t be allowed to require job candidates to submit to drug testing for marijuana as a condition of hiring, under a bill approved by the City Council. The bill (Intro. No. 1445-A), passed April 9 on a 41-4 vote, was part of a city drive to reduce the legal consequences of […]

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PayThink Crypto, cash and overseas cards are unreliable for cannabis

Banks tend to follow the laws of the federal government, even when it comes to states where cannabis has been legalized. Not only does growing, selling and consuming cannabis violate federal law; handling the proceeds of any related transactions is as well. Very few banks are willing to take the risk. Nevertheless, the state of […]