Tag: btc mining

One major argument against Bitcoin is the amount of energy used in mining new blocks. Regulators have gone all out to curb the proof-of-work blockchain’s energy consumption and reduce its environmental impact. However, the latest findings show that Bitcoin mining energy usage only accounts for a small portion of the world’s energy production. The Bitcoin Mining Council (BMC)...

The Bitcoin mining industry has grown tremendously in the last few years. With multiple bull markets so far, there has been a large profit margin for those who have gone down this route, with companies making hundreds of millions of dollars off their operations. The bear market has had a profound impact on the bitcoin mining industry but it has not scared off...

Public bitcoin miners have had a difficult couple of months since the price of bitcoin dropped below the $30 level. The digital asset’s mining revenues had plummeted with the price and had brought down the cash flow on bitcoin miners with it. Despite this decline, some bitcoin miners are taking the bear market head-on, using this as a time to build. Bitfarms Increases...

The entry of Samsung into 3-nanometer foundry processor manufacturing kicks off, and the South Korean company will reportedly start producing Gate-All- Around-based chipsets this week, Samsung New3sroom disclosed on Thursday. The electronics juggernaut is making rapid progress toward finishing the creation of chipsets that could assist the mining of Bitcoin. The company alluded to the new initiative during the first quarter earnings call of...

As Bitcoin mining operations require more high degree of electricity than any other consumers, County Public Utility District (PUD) Commissioners have approved a bill this week to charge Bitcoin miners in Chelan County, Washington, with increased rates for electricity. As...

Bitcoin (BTC) network...

China's crypto crackdown policies starting in May this year saw it lose the biggest mining hub status within two...

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...

Despite China’s hostility towards the Bitcoin mining space earlier in the year, the hashrate of the digital asset has increased a great deal within the last 3 months by over 30%. Bitcoin hashrate is getting stronger In July, Bitcoin’s hashrate was as low as 103 exahash per second (EH/s), but as of...

El Salvador President Nayib Bukele revealed that the country has started Bitcoin mining using volcanic energy. President Bukele said that the testing and installation process is still going on, but the country has officially started mining Bitcoin. We’re still testing and installing, but this is officially the first #Bitcoin mining from the #volcanode 🌋 -- The post Breaking: El Salvador Starts Bitcoin Mining...

Bitcoin ($...

Despite the recent increase in mining difficulty, Bitcoin miners still see a 31% uptick in revenue as hashrate recovery continues. Bitcoin Miners Enjoy 31% Surge In Revenue Over the past couple of months, BTC's global mining hashrate collapsed as China ramped up its crackdowns on BTC mining....

The South Caucasus state, Abkhazia revealed that it has been in talks with the Russian government to provide energy for relaunching Bitcoin (BTC) mining in the state. Abkhazia’s Minister of Economy and Deputy Prime Minister, Christina Ozgan spoke at a briefing on Wednesday, about the situation in the energy sector, the measures implemented by the The post Abkhazia in talks with Russia to...

China's Anhui province has announced that Bitcoin mining in the area will be shutdown, as the country's crackdowns on crypto miners continue. China's Anhui Province Plans To Crackdown On Crypto Miners As per a Bloomberg report,...

With China’s current negative stance towards Bitcoin mining plus Elon Musk’s Tesla insistence that they would only accept the digital asset as a payment method only if the mining process of the coin becomes more environmentally friendly, many crypto miners have been left to rue their losses. Some, however, have found this as an...

Earlier today, a logistics firm confirmed to CNBC that it is airlifting 3,000kg of bitcoin mining machines to Maryland, USA. The firm which is located in Guangzhou is a logistics company that offers international shipping to door delivery. This news comes in the wake of...

The crypto mining industry is all set for a major change and industry players have already started moving towards carbon-neutral crypto mining options. Nasdaq-listed crypto mining company The9 Limited recently acquired Montcrypto to build a 20MW electricity supply for carbon-neutral crypto mining activity in Canada's Calgary. Montcrypto's carbon-neutral infrastructure will facilitate a green electricity supply The post Carbon-Neutral Crypto Mining Picks Up Heat...

The mining gold rush has also led to the creation of mining hashpower pegged hashrate tokens launched by Binance and mining farm operator Poolin. Bitcoin's race to $42,000 record price has led to a mining gold rush to profit the most...