Tag: miners

Jul 20 2022

The Proof Of Work Behind Proof-Of-Work — Bitcoin Mining Profitability Doesn’t Come Easy

Bitcoin mining is an incredibly difficult industry to start out in and all of its complexities may be lost on those unaware. Photo courtesy of Brekkie von Bitcoin. The inspiration...

Jul 18 2022

Warren Targets Crypto Miners Over “Disturbing” Energy Consumption

Jul 18 2022 Published at Crypto Briefing under tags  elizabeth warren miners people

Senator Elizabeth Warren has called out the crypto industry yet again. This time, U.S.-based cryptocurrency miners are in her crosshairs. Warren Pushes for Crypto Miner Reporting Requirements Senator Elizabeth Warren...

Jul 15 2022

Beyond The kWh: Factors That Bitcoin Miners Need To Consider

KWh aside, there are other important factors for miners to consider in both the choosing of their machine and the operational decisions they make.A Decision-Making Framework For Bitcoin Miners — What Various Whatsminer Models Tell UsThe bitcoin mining space is rife with anecdotes, best practices and old wive’s tales about ideal operating conditions for ASIC computers. Beyond this, the market is...

Jun 18 2022

A Bitcoin TOTAL Collapse might Happen, mostly due to Miners! Here’s why

Bitcoin crash: BTC prices continue to fall and dipped for the first time in 3 years below $20,000The crypto market as a whole crashed by more than 7% in the past 24 hours aloneA fundamental flaw in Bitcoin's infrastructure might lead Bitcoin to a total collapse, mostly due to Bitcoin miners Bitcoin is risking a total collapse. We are indeed in...

May 06 2022

The Future Of Energy Markets According To Bitcoin Miners

Bitcoin 2022 offered us a glimpse into bitcoin miners’ crystal ball, as they discussed how the industry will impact the energy grid.Most of the conversations about Bitcoin infrastructure for the past two years have focused on the mining sector’s increasing convergence with traditional energy generators and power companies. At the Bitcoin 2022 conference, a panel...

Apr 11 2022

Ethereum Miners Continue To Surpass Bitcoin Miners In Revenue

Apr 11 2022 Published at Bitcoinist.com under tags  bitcoin bitcoin mining btc eth ethereum

Ethereum Miners Continue To Surpass Bitcoin Miners In Revenue Ethereum miners continue to outpace bitcoin miners in terms of revenue. The second-largest cryptocurrency by market cap has now proven that it is a better bet when it comes to crypto mining, making it a more profitable venture for miners. At various times in the past, this has been the case and in the...

Apr 01 2022

The 19 Millionth Bitcoin Has Been Mined: Why It Matters

With less than two million bitcoin left to be mined, Bitcoin’s limited supply has just gotten even more limited.The 19 millionth bitcoin has just been mined, data from Bitbo shows, leaving less than two million BTC remaining for miners to put in circulation as the Bitcoin network tick-tocks its way through a fixed issuance...

Feb 24 2022

Titan Launches the First P2P Hashpower Marketplace for Crypto Miners

Titan.io, Inc. ('Titan'), a cutting-edge blockchain software company based in Chicago, announced the launch of the Lumerin Protocol, the world's first P2P decentralized hashpower commodity marketpl...

Feb 16 2022

Bitcoin Miners Would Rather Sell-Off Stocks Than BTC

Bitcoin mining has been a profitable venture especially since the price of the digital asset began to surge. But despite the increase in price, miners have continued to choose to hold their coins instead of selling them. Rather, these mining companies have taken to selling stocks to fund their operations. This has continued into the new year as a new report shows that...

Feb 12 2022

The IRS’ Reporting Requirements For Brokers Won’t Affect Crypto Miners & Stakers

The infamous Infrastructure Bill put the IRS in a difficult situation. The bill gave the organization incredible fund tracking superpowers. The thing is, the measurements were impossible to enforce. Now, Bloomberg...

Feb 09 2022

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 8, Part 2, Proof-Of-Work)

To understand Bitcoin, people need to understand Proof-Of-Work. It might be the most crucial aspect of the network. Proof-Of-Work provides security, resolves the issuance problem, and guarantees “a ledger of ownership and transactions that is beyond dispute.” And that’s just the beginning. How does Proof-Of-Work accomplish all that? That’s what this section is all about....

Jan 31 2022

Nvidia’s LHR Effort To Stop Ethereum Miners Was A Failure, Reveals Report

Jan 31 2022 Published at Bitcoinist.com under tags  eth ethereum ethereum mining ethusd miners

A report reveals that Nvidia's efforts to stave off Ethereum miners from using their GPUs for mining was apparently a failure. Nvidia's LHR Couldn't Stop Miners From Mining Ethereum As per a report from PCMag, it seems Nvidia's LHR- version graphics cards weren't sufficient to...

Dec 29 2021

Marathon Bought 78,000 Bitcoin Miners For $879 Million

The mining company expects to have 199,000 active machines outputting 23 EH/s by early 2023.Marathon Digital Holdings, a publicly-traded bitcoin mining company, last week announced a “record purchase” of Bitmain ASIC rigs, which according to a Tuesday filing with the Securities and Exchange Commission (SEC) will cost over $879 million and increase the miner’s fleet by 78,000 machines.Marathon had disclosed...

Dec 22 2021

Three Easy Pieces: How to Teach Your Grandmother Bitcoin

“How do we get our grandmothers to grok Bitcoin like the shadowy super coders we always wanted them to be?”A defining feature of the Digital Era has been the rise of digital entities of incredible complexity, which manage to maintain such simplicity that your grandmother can use them.Famously, the iPhone arrives in a box with no user guide. It is so...

Dec 08 2021

Foundry Launches U.S. Marketplace To Match Buyers And Sellers Of Bitcoin Miners

The U.S.-based secondary market, FoundryX, currently has access to over 40,000 bitcoin mining machines ready for resale.Foundry Digital LLC has launched a marketplace to match interested buyers and sellers of bitcoin mining machines, the company said in a statement sent to Bitcoin Magazine.FoundryX seeks to cut down waiting times and bureaucracy for U.S.-based buyers looking to acquire new rigs,...

Nov 25 2021

The Crucial Role Of Wild Horses In Bitcoin Mining

Wild horses, the unruly mustangs of the bitcoin world, must make up a larger proportion of hash rate for optimal security of the network.Just over 13 years ago a tsunami was silently and slowly building from the force of Satoshi Nakamoto’s newly released paper “Bitcoin: A Peer-to-Peer Electronic Cash System.” At the time only a handful of cryptography enthusiasts were...

Nov 04 2021

Why The Navajo Are Mining Bitcoin

The technology of bitcoin provides an avenue for growth and financial empowerment unhindered by the American government.At nearly 400,000 people, the Navajo Nation is one of the largest Native American tribes in the United States. It’s also one of the most impoverished, with...

Oct 25 2021

Wall Street Brokers Growing Interested In Bitcoin And Miners, Analyst Says

Fintech institutional investors are growing more aware and interested in BTC and mining companies, DA Davidson analyst Christopher Brendler reported.Interest from Wall Street in Bitcoin is growing, having tripled since the beginning of the year, DA Davidson's analyst said.Analyst Christopher Brendler estimates that three times as many Wall Street brokers that cover the payments sector are...

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 30 2021

Bitcoin Miner Revenue Feels Impact From Crypto Bloodbath

Data shows Bitcoin mining difficulty has increased, leading to a 14% drop in daily revenue for miners over the last week. The crypto bloodbath has also impacted their income. Bitcoin Daily Mining Revenue Drops Below $40 Million, A 14% Drop Over The Last Week As per the latest Arcane Research report, the Bitcoin mining difficulty saw yet another increase right before the...

Know a good blog/source that is not listed? Contact us or fill the form below to add one: