Tag: bitcoin mining

Dec 06 2021

Only In Crypto: Ted Cruz Cosigns Argument That Bitcoin Miners Are Fixing Texas Electric Grid

A lot has happened in the Bitcoin space, from mining crackdowns to new all- time highs to market crashes. Out of all of these have come some very interesting takes on how Bitcoin and crypto, in general, are affecting the day-to-day lives of individuals. One of these has been the energy consumption associated with bitcoin mining. This concern has grown to the point where...

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 03 2021

Marathon’s Bitcoin Production Fell In November Due To Maintenance Work On Power Plant

The bitcoin miner produced 196 BTC in November, down from 417.7 in the month before.Marathon Digital Holdings mined less bitcoin in November than in the previous month as maintenance and upgrades to its Hardin, Montana, facility led to a reduction in its hashrate capacity. The miner produced 196 BTC last month, while October had yielded 417.7 new coins; Marathon now holds about...

Dec 02 2021

Bitcoin (BTC) hashrate recovers from China’s crackdown

Dec 02 2021 Published at CryptoSlate under tags  bitcoin bitcoin mining btc china mining

Earlier in the year when China renewed its hostilities towards the crypto industry, one metric that saw a negative effect of the crackdown was the Bitcoin mining hashrate that plummeted by more than 50% during this period largely because crypto miners were being pushed out of the...

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 26 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 8, Digital Money)

Finally, digital money. We got to the part when Saifedean Ammous talks about Bitcoin. So far, “The Bitcoin Standard” has given us history, economy, and philosophy lessons. It’s time for technology. For Bitcoin experts, this chapter might be a little too basic. For newcomers to the space, the following material will be crucial for their understanding. The author explains each of the moving...

Nov 25 2021

Kazakhstan Aims to One Up El Salvador In Clean Bitcoin (BTC) Mining, Here’s the Plan

El Salvador has become a benchmark for other nations on how to integrate Bitcoin (BTC) and use it for the progress of society. The small Central American nation adopted BTC as a legal tender in September this year and soon announced a clean Bitcoin mining facility powered by volcanic energy. The country mined its first Bitcoin in October this year as it continues...

Nov 23 2021

Lancium Raises $150 Million To Build Bitcoin Mines Running Off Renewable Energy

Houston-based tech company Lancium enables Texas’ grid to dial power demand up and down through bitcoin mining.Lancium, a tech company focused on bitcoin mining, has raised $150 million to expand its renewable energy-run business model across Texas, CNBC reported.The Houston-based...

Crypto Lending Firm Celsius Invests Additional $300 Million into Bitcoin Mining

Celsius Network, a centralized provider of cryptocurrency loans, has announced a $300 million investment into Bitcoin (BTC) mining equipment and related services. With over $200 million invested in BTC mining facilities in North America (NA) earlier in the year, Celsius has now allocated more than $500 million to complement its lending business with a Bitcoin mining venture.

Nov 17 2021

Mining Stocks Outperform Bitcoin As Miner Profits Continue To Rise

Data shows most mining companies have outperformed Bitcoin so far in the year, largely contributed by the rising BTC miner profits. Daily Bitcoin Miner Profits Have Risen To $62 Million This Week As per the latest weekly report from Arcane Research, miners have seen another rise in the daily profits this week. They are now raking in $62 million each day. Here...

Public Bitcoin Miners Are Increasing Their BTC Treasuries

Publicly-traded bitcoin mining firms have been accumulating and holding bitcoin at an increasing rate.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe...

Nov 16 2021

Rise of Bitcoin (BTC) Mining in Texas Raises Power Grid Concerns

After China's Bitcoin (BTC) mining ban in May this year, the US became the biggest Bitcoin mining hub in the world. Most of the large Bitcoin mining farms in China either shut down completely or relocated to the US, Kazakhstan, and Russia to continue their mining operations. The US has seen the largest influx of The post Rise of Bitcoin (BTC) Mining in...

Crypto Miner Marathon’ Decision to Buy Bitcoin Against Bonds Attracts SEC’s Attention, Stock Tanks 27%

On Monday, November 15, crypto-miner Marathon Digital announced that it is willing to buy more Bitcoin and add new mining equipment to its existing fleet by selling $500 million worth of bonds. The private offering of the five-year notes will only be only to the qualified institutional players. As said, the proceeds will go further The post Crypto Miner Marathon' Decision to Buy...

Nov 15 2021

Marathon Digital to Raise $500M in Convertible Notes to Purchase Bitcoin and Bitcoin Miners

Today Marathon Digital Holdings, one of the largest publicly-traded Bitcoin miners in North America, announced a proposed convertible senior notes offering.Today Marathon Digital Holdings, one of the largest publicly-traded Bitcoin miners in North America, announced a proposed convertible senior notes offering. The firm plans to offer $500,000,000 aggregate principal of convertible senior notes due in 2026....

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,...

The Apartment Dweller’s Guide To Mining Bitcoin

This guide takes you step by step to successfully mining bitcoin from your apartment.You have heard of Bitcoin mining.You were told that it is expensive, complex, likely to kill you and best left to the experts. I assumed the same, that the process required hours of electrical analysis, complicated cash flow models with variable exchange rates and, of course, massive access...

Nov 11 2021

Russian Deputy Proposes Bill To Legalize Bitcoin Mining, Forms Working Group

Nov 11 2021 Published at Bitcoin Magazine under tags  bill bitcoin mining business russia

Russia wants to provide regulatory clarity for the industry and gather a cut from the miner's profits by operating there.Russia wants a cut of bitcoin miners' profits as the country's hashrate grows.Lawmakers have proposed on November 11 to legalize the industry and created a working group to discuss the issue.Although mining isn't illegal there, regulatory clarity still lacks and...

Bitfarms Enters US Bitcoin Mining Market With 24 MW Hydropower Farm

The bitcoin miner acquired its first property on American soil in a bid to reduce operating costs and increase margins.Bitfarms has acquired its first U.S. property, a 24 MW farm that kickstarts its presence in the American bitcoin mining market.“We prioritize locations with cost-effective electricity that allow for further growth and expansion,” its CEO said.In October, the miner...

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