Tag: asics

Dec 06 2021

How Centralized Is Bitcoin Mining Really?

There are numerous factors to consider in weighing the centralization of bitcoin mining, and the industry can only be as decentralized as any one.When discussing bitcoin mining centralization, the issue almost always gets muddied immediately. One person might think in terms of mining pool distribution, another in terms of hash rate distribution across jurisdictions, and yet another might be chiefly concerned with...

Dec 01 2021

Bitcoin Mining Stocks Beat BTC Two-To-One in 2021 ROI

Believe it or not, in 2021, Bitcoin mining stocks have outperformed the king of cryptocurrencies. This crowns the phenomenal year the whole Bitcoin industry has had. However, consider Arcane Research’s warning, “an investment in mining companies carries a much higher risk than an investment in bitcoin...

Nov 30 2021

Kaboomracks Benefits From Bitcoin Home Mining Craze

Nick Foster of Houston-based bitcoin mining company Kaboomracks joins Bitcoin Magazine for an interview, discussing the current state of at home mining.Home and apartment bitcoin mining is enjoying a wave of popularity right now as bitcoiners recognize all the positive spin-offs of mining at home — home...

Nov 12 2021

Compass Mining Announces New Service For Trading Used ASICs

Compass Mining is launching a sales platform for individual miners where anyone can register as a vendor to buy and sell used ASICs.One of the fastest- growing trends in the bitcoin mining world today is the increasing demand for retail ASICs for home mining, taking Bitcoin full circle from where it all began.While big industrial mining companies like Atlas, Compute North, Hut8,...

Oct 31 2021

Bitcoin Mining And The Global Semiconductor Shortage Are On A Collision Course

A shortage of semiconductor production is at the forefront of geopolitics and it’s inevitable that this issue’s relation to Bitcoin mining will be as well.Supply chain shortages are starting to reveal many geopolitical dependencies on external actors for different resources, and the overall fragility that those dependencies can create for any given nation when supply chains are stressed. All it takes is...

Oct 19 2021

Riot Blockchain Announces 200MW Immersion-Cooled Bitcoin Mining Operation

Riot announces a new immersion-cooled bitcoin mining operation that will increase their miner productivity.Today, Riot Blockchain announced their new 200 megawatt (MW) industrial-scale immersion-cooled bitcoin mining operation at its Whinstone facility which was...

Sep 26 2021

Bitcoin Mining With Clean Energy Changes The World

Sep 26 2021 Published at Bitcoin Magazine under tags  asics clean energy culture miner mining

The energy usage of bitcoin mining has been frequently misrepresented — but there's still reason to seek renewable energy sources.What if you could substitute a renewable battery-powered motor for the internal combustion engine just twelve years after its invention? At minimum, we would not be faced with the challenge of limiting greenhouse gas emissions. For all of the benefits the internal combustion...

Sep 08 2021

How Blockstream’s New ASIC Division Will Propel Bitcoin Mining

Following a strategic acquisition and unicorn valuation, Blockstream is ready to drive the Bitcoin mining industry forward.Adding to a list of offerings that touches nearly every aspect of the industry, Bitcoin infrastructure company Blockstream is now planning to launch the “world’s first...

Aug 04 2021

Nick Sears Said No To College, Yes To Bitcoin, Is Making $54,000 A Year

Sears was 17 years old when he got into BTC mining, now he is 19, oversees a farm with 4,500 ASICs, and makes $54,000 a year.Nick Sears, a 19-year-old entrepreneur from Dallesport, Washington, has said no to college and yes to bitcoin when he was 17 years old and helped build a bitcoin mining farm in that town. Now, he earns $54,000...

Jul 08 2021

Gryphon Mining Buys 7,200 Bitcoin Mining Rigs For $48 Million

Bitcoin mining company in the making Gryphon has announced an agreement to purchase 7,200 Antminer S19J Pro for $48 million from Bitmain.Bitcoin mining company in the making Gryphon Digital Mining has announced it has agreed to purchase 7,200 Antminer S19J Pro bitcoin...

Apr 22 2021

Bitcoin’s Global Hash Power Balance

The global distribution of hash power may shift as various factors come into play during Bitcoin’s continued growth.Flex Yang is the CEO of Babel Finance, a leading cryptocurrency financial services provider based in Asia.What Are Some Key Factors In “Winning” The Global Hash Power War?In 2021, the bitcoin market is surely reaching an inflection point, as its market cap surpassed...

Apr 05 2021

As Bitcoin Mining Hits All-Time Highs, Access To ASICs Is Key

As bitcoin propels its mining industry to new heights, the challenge of obtaining new equipment is critical.Like many providers in the space, international bitcoin mining services company Compass Mining is on a roll. With the success of BTC and rising mining revenues — now at an all-time high of $60 million per day — this rapidly-growing...

Dec 23 2020

Valid Points: Forget Staking, There Are Still Coins to Be Mined on PoW Ethereum

Dec 23 2020 Published at CoinDesk under tags  asics ethereum 2.0 mining news newsletters

Ethereum miners are making investments to maximize profits before mining becomes obsolete and gets replaced by validating on Ethereum 2.0.

Dec 21 2020

Beyond Supply And Demand: Charting The Bitcoin Mining Industry’s Journey

Dec 21 2020 Published at Bitcoin Magazine under tags  asics canaan gpu mining

Last week, bitcoin finally surpassed its all-time price high, exceeding $23,000 for the first time, seeing year-to-date gains of over 180 percent. This was largely attributed to growing institutional interest, with established names such as Square, Galaxy Digital and...

Dec 18 2020

Beyond ASICs: 3 Trends Driving Bitcoin Mining Innovation

Dec 18 2020 Published at CoinDesk under tags  asics bitcoin mining environment markets opinion

The bitcoin mining industry needs more than a market rally to survive – it needs to find answers to its environmental and geographical threats.

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