Arizona's $3B Bitcoin Investment and Cambridge Study on Mining Sustainability
Arizona's $3B Bitcoin Investment and Cambridge Study on Mining Sustainability
🏛️ Arizona's $3B Bitcoin Bet
Two major developments in Bitcoin mining landscape:
Arizona legislature passes groundbreaking bills authorizing up to $3 billion in state funds for Bitcoin investment, marking a significant step toward state-level Bitcoin treasury adoption in the United States.
Latest Cambridge University research reveals that 52% of Bitcoin mining operations now utilize renewable energy sources, demonstrating substantial progress in mining sustainability.
These developments follow earlier positive trends, including:
- Kentucky's unanimous passage of HB 701 protecting crypto self-custody
- Standard Chartered's optimistic BTC price projections
- Metaplanet's $13.4M bond sale for Bitcoin acquisition
The Bitcoin network continues to demonstrate robust infrastructure growth and increasing institutional adoption.
⛏️ WHY MINE #BITCOIN? ⛏️ Here’s what’s fueling us this week: 🔸 Arizona passed bills to invest up to $3B of state funds into Bitcoin — a state-backed move toward BTC treasury adoption in the U.S. 🔸 A new @Cambridge_Uni study shows 52% of Bitcoin mining now runs on renewables.
GoMining Trivia Challenge Reveals Miner Wars Update
GoMining's latest community trivia challenge unveiled several upcoming features and milestones: - **Miner Wars** mode launching Q3 2024 - TON blockchain integration in development - New avatar system including human and sentinel characters - Cryptile features with custom avatars and cards - Infrastructure growth reaching +300K miners and +7.5M TH The challenge winners have been announced, with 10 community members earning GOMINING tokens for correctly identifying the Miner Wars mode as the key new feature. The platform continues expanding its NFT mining farm operations while introducing gamification elements to enhance user engagement.
veGOMINING Lock Feature Launches with Zero Network Fees
GoMining has introduced veGOMINING Lock in the Virtual wallet, enabling users to lock their GOMINING tokens without network fees. The feature offers several benefits: - **Reward Boosts**: Enhanced rewards for locked tokens - **VIP Benefits**: Access to exclusive perks - **Maintenance Discounts**: Up to 20% off fees - **Governance Rights**: Influence on weekly Burn & Mint cycles The GOMINING token serves multiple utilities in the ecosystem: - Staking rewards - Liquidity pool participation - In-game currency for Miner Wars - Voting rights on key proposals *Users can now participate in the ecosystem's growth while earning rewards through various mechanisms.*
GoMining Weekly Token Burn and Mint Report
**Latest Token Activity**: - 1.4M GOMINING tokens permanently burned - 1.1M new tokens minted - 235,532 tokens (~$117k) distributed to veGOMINING voters **Previous Cycle Highlights**: - Service Provider received 794,236 tokens - veGOMINING voters earned 244,380 tokens - GoMining Rewards got 122,190 tokens - Team allocation: 61,095 tokens *Community Benefits*: - Extra Solo mining discount: 0.93% - Miner Wars Personal Rewards: 60,765 - Greedy Machines power boost: 0.1% **Want to participate?** Lock your GOMINING tokens in veGOMINING to earn weekly rewards.
GoMining Bounty Program Returns with Enhanced Features
GoMining has announced the revival of its Bounty Program with improved features. The program allows community members to: - Complete bounty tasks to earn points - Accumulate GOMINING tokens as rewards - Participate in weekly distributions Previous cycles distributed 10,000 $GOMINING tokens weekly, with top performers earning up to 68 GOMINING tokens per cycle. *Program Highlights:* - Streamlined task system - Point-based reward structure - Regular token distributions **To participate:** Join the community and start completing tasks to earn rewards.