Tag: bitcoin mining

Jan 30 2023

BlockFi Gets The Nod To Accept Bids For Crypto Mining Business

BlockFi has received the bankruptcy court's approval to set up the auction for its crypto mining business. The bidding process will conclude by 20 February and all deals will be subject to approval from the court.

Jan 25 2023

The Kazakhstan Mining Exodus Has Flipped Bitcoin To Clean-Energy Dominance

After Kazakhstan forced out Bitcoin mining operations, the majority of global hash rate is now produced with clean energy.Kazakhstan was, at its height, the second-largest Bitcoin mining nation on earth. Then, within a year, it capitulated. While mainstream news commentators were quick to pick through the reasons for why...

Nuclear-Powered Bitcoin Mining Center To Open in the US in 2023

In Pennsylvania, the first nuclear mining center in the United States has been finally completed. A 48-megawatt nuclear-powered bitcoin mining center is set to open on a massive 1,200-acre campus in the United States. The 300,000-square-foot facility is set to revolutionize the way bitcoin is mined, as it harnesses the power of nuclear...

Jan 24 2023

Bitcoin (BTC) Miner Selling Hits 3 Year Record; Bullish Or Bearish?

Bitcoin (BTC) Miner Activity: The ongoing Bitcoin (BTC) rally is strongly supported with similar sentiments in the form of on chain indicators. The positive sentiment is so deeply playing out in the market that even the miners are reluctant to sell their BTC holdings. This could well be a massive bullish sign for potential upside The post Bitcoin (BTC) Miner Selling Hits 3...

First Bitcoin Mining Powered By Nuclear Energy To Open In The U.S. In Q1 This Year

Positioning bitcoin mining with carbon-free sources, like nuclear energy, offers enormous benefits to the cryptocurrency industry as digital assets grow in popularity, acceptability, and engagement with the broader economy. World Nuclear News reports that Cumulus Data, a subsidiary of independent power producer...

Jan 23 2023

Nuclear-powered mining company to begin operations in the US

Cumulus Data, a division of independent power producer Talen Energy and maker of zero-carbon data centers will apparently be the first nuclear-run Bitcoin mining company to begin operations in the United States. The powered shell for Cumulus Data's first data center powered by a 2.5-gigawatt nuclear power plant has reportedly been completed. Cumulus Data is […] The post...

First Nuclear-Powered Data Center All Set To Mine Bitcoin

Jan 23 2023 Published at Coingape under tags  bitcoin bitcoin mining news united states

Mining Bitcoin has gained excessive popularity in the past few years cryptocurrency continues to become popular. The first nuclear-powered data center in the United States, which will house Bitcoin mining...

Jan 20 2023

Investing Penny Stocks? 5 Crypto Stocks To Watch Now

Many investors are familiar with trending blockchain and crypto stocks. Many companies have incorporated blockchain into their businesses or benefited...

Jan 17 2023

Bitcoin Mining Difficulty Rises 10%, Sets New All-Time High

Data shows the Bitcoin mining difficulty has risen by 10% in the latest network adjustment and has set a new all-time high. Bitcoin Mining Difficulty Sets New ATH Of 37.59 Trillion The "mining difficulty" is a feature on the Bitcoin blockchain that controls how hard miners currently find it to mine on the network. The...

Jan 15 2023

Seven Factors Bitcoin Investors Should Watch In 2023

A look ahead at what’s in store for bitcoin in the coming year. We analyze seven aspects of what might impact the bitcoin price in 2023.The below is an excerpt from a recent year-ahead report written by the Bitcoin Magazine PRO analysts. Download the entire report here....

Jan 12 2023

BTC Miner Northern Data Increases its Crypto Production by 315% in 2022

Northern Data (XETR:NB2), a publicly-listed provider of High-Performance Computing (HPC) solutions from Germany, has published its mining division Bitcoin (BTC) production numbers for December and 2022. Additionally, the company forecasted an annual revenue in the...

Jan 11 2023

Argo Blockchain Reports 35% Lower Bitcoin Production in December

Argo Blockchain (NASDAQ:ARBK), a publicly-listed crypto mining company, published its December 2022 operational update on Wednesday,...

Jan 10 2023

Bankrupt Core Scientific Reports Higher Bitcoin Production

Core Scientific, a publicly-listed crypto mining company, was able to increase its Bitcoin (BTC) production in December 2022,...

Jan 04 2023

Canada Has Declared A Local War On Bitcoin Mining

Multiple local governments across Canada have started to make life much harder for bitcoin miners.North America became the leading hub of bitcoin mining activity after China’s abrupt ban in May 2021. While the United States has grabbed most of the news headlines and a significant portion of investor attention,...

Crypto Contagion Lesson For Lenders: Stay Out Of Bitcoin Mining

The collapse of two giant crypto lending businesses that also mined bitcoin yields a few interesting lessons.“Contagion” is the most popular word in crypto after the disastrous fallout of the past year. And dominos keep falling as investors painfully realize how closely intertwined the entire cryptocurrency industry is. Hundreds of billions of dollars were...

Dec 29 2022

Even Without A Mining Subsidy, These Two Factors Will Protect Bitcoin Into The Future

Many speculate that Bitcoin’s security will lapse with the end of the mining subsidy. But other factors will continue to incentivize miners.This is an opinion editorial by Dillon Healy, a member of the institutional partnerships team at Bitcoin Magazine and The Bitcoin Conference.A topic that has...

Dec 16 2022

Bitcoin Hashrate Rebounds 11% Since Nov End, Can It Reach New ATH?

Data shows the Bitcoin mining hashrate has rebounded 11% since the November end lows; can the metric keep this up and set a new all-time high? Bitcoin Mining Hashrate Continues To Rise, Approaches ATH The "mining hashrate" is an indicator that measures the total amount of computing power currently connected to the Bitcoin blockchain. When this metric...

Dec 15 2022

Governments Could Still Hamper Money And Energy, Even On A Bitcoin Standard

Even after Bitcoin inevitably becomes the world reserve currency and bitcoin mining solves our energy problems, governments will intervene.This is an opinion editorial by Will Szamosszegi, founder and CEO of bitcoin mining hosting service Sazmining.Money and energy are two of the most fundamental aspects of an economy because both are...

Just-In: Microsoft Bans Crypto Mining From Its Servers

Microsoft has modified its policy terms to make it clear that mining cryptocurrencies on its online services are not permitted...

Dec 14 2022

Japanese Power Giant To Mine Bitcoin

Dec 14 2022 Published at Coingape under tags  bitcoin bitcoin mining bitcoin news japan news

The utility firm of Japan, Tokyo Electric Power Grid (TEPCO), is working with TRIPLE-1. Bitcoin mining and to capitalize on the excess power in its grid is the aim. TRIPLE-1 is a local hardware manufacturer....

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