Celsius reckons it could mine 15,000 BTC next year, worth around $362 million at current prices The embattled lender could use the proceeds for anything other than creditor repayments, a bankruptcy la...
Tag: mined
New Brazil bill wants to tokenize mined gold on blockchain
Brazil’s Federal Deputy Joenia Wapichana has proposed a bill to tokenize gold mined in the country via blockchain technology. According to Wapichana, the country should be able to account for gold min...
Celsius Creditors Move to Block Company From Selling Mined Bitcoin
Celsius Network’s unsecured creditors have been pressing the company on “potential misconduct by Celsius and its insiders.” During a hearing in the Chapter 11 bankruptcy proceeding today, the committe...
Bit Digital mined 111% more bitcoin in July over June
Crypto miner Bit Digital produced 142.5 BTC in July — a 110.8% increase compared with the previous month. The company also mined 0.5 ETH in July, according to an operations update released on Monday. ...
Only 1,885,100 Bitcoin left to be mined
Of the total 21 million Bitcoin, just over 1.8 million remain to be mined. Only 1.8 million Bitcoin to reach the maximum circulating supply As is well known, Satoshi Nakamoto, in his now-famous paper ...
Celsius Wants to Sell its Mined Bitcoin. Texas Regulators Don’t Trust It
Texas regulators have asked a US bankruptcy court to deny Celsius’ request to monetize its mined bitcoin, saying it’s concerned about how the proceeds would be used. In a formal objection filed on Fri...
Argo mined 22.4% more bitcoin in July than in June — and sold 887
Bitcoin miner Argo mined 22.4% more bitcoin in July compared with June. It also sold 887 BTC in July, at an average price of $22,670 per coin. The company used a majority of those revenues to reduce i...
Core Scientific mined 10.4% more bitcoin in July despite power cuts
Core Scientific self-mined 1,221 BTC in July — up by 10.4% compared with June, despite having to curtail power due to extreme temperatures in Texas. Curtailment periods totaled 8,157 megawatt-hours in...
Core Scientific Sold 1,975 Bitcoins More That It Mined in July
Core Scientific, a major publicly traded cryptocurrency mining firm in North America, on Friday, announced its production and operational updates for July 2022. During the month of July, the firm mine...
In July, Argo Mined 22.4% More Bitcoin in Comparison to June and Sold 887 BTC
Argo Sold 887 BTC holding in July and used the amount to pay the debt borrowed from Galaxy digital. Argo Blockchain is a leading crypto mining firm globally with a support of 280 MS Equihash Rate. Th...
Core Scientific Sold More Bitcoin Than It Mined for Second Consecutive Month
Publicly traded Bitcoin miner Core Scientific experienced another net loss on its Bitcoin holdings last month. The firm sold 1,975 coins at an average price of $22,000 per Bitcoin in July, netting it...
Riot Blockchain Mined 28% Less Bitcoin in July Due to Massive Heat Waves
One of the leading bitcoin mining companies – Riot Blockchain – mined 318 BTC in July – a 28% production decrease compared to June’s figures. The main reason for the crippled productivity was last mon...
91% of Bitcoin Mined, Remaining less than 1.9m Units to Issue before 2140
The number of Bitcoin is becoming rare as only 9% is left to be mined for the next century, according to data from the Clark Moddy Bitcoin’s dashboard. Per the announcement from Bitcoin Magazine...
What happens when 21 million Bitcoin are fully mined? Expert answers
When the last Bitcoin (BTC) is finally mined, the livelihood of miners who rely on block rewards as a source of income will be affected. Despite this, the future of mining stays promising, according t...
Bit Digital mined no ETH in June
Bit Digital mined 67.6 bitcoin (up 26.6% month-over-month) and no ether in June. As of June 30, the company held 860.7 BTC and 313.6 ETH in its treasury, according to an operational update published T...
Hive Blockchain reports 278.5 BTC mined in June
Crypto mining firm Hive Blockchain produced 278.5 BTC and 2,542 ETH in June. The company currently holds 3,239 bitcoin and 7,667 ether, according to a statement on Thursday. Hive increased its bitcoi...
Argo Blockchain Sold More BTC Than What it Mined in June
The UK-based cryptocurrency mining firm – Argo Blockchain – mined 179 BTC last month. However, due to the current market conditions and its loan agreement with Galaxy Digital, the company had to sell ...
CleanSpark sold nearly all 339 bitcoin it mined in June
Bitcoin miner CleanSpark increased its production in June by almost 9% compared with the previous month, mining a total of 339 BTC. The company also sold nearly all bitcoin mined in June, according to...
Russia Plans Allowing Mining If Mined Crypto Sold Abroad
23 seconds ago | 2 mins read Bitcoin News According to Pronin, the CBR would not be responsible for mining. According to the governor, Russia should not allow exchanges of digital currencies. Crypto m...
All 5B toncoins mined on PoS TON blockchain
The TON Foundation, an organization developing the Telegram-initiated blockchain project, the TON blockchain, on Tuesday officially announced that TON miners have mined the final toncoin. “Tens ...
Ton Coin Moves Ahead Towards Transition To Proof-Of-Work After Its Final TON Was Mined
The final TON was mined on June 28 marking the transition of ton coin to the proof-of-stake(PoS) model from proof-of-work (PoW). The TON blockchain was powered by the TON blockchain. However, the init...
Marathon Mined 47% Less Bitcoin Than Expected In May
Marathon has revealed that the mining company has produced 47% less Bitcoin than expected during this past month of May. Marathon’s Bitcoin Mining Production Took A Hit Due To Power Issues Last Month ...
What Happens When All Bitcoins Are Mined?
The cryptocurrency, Bitcoin, has a limited supply of 21 million units. What happens when all bitcoins are mined is that miners will only be rewarded in the form of transaction fees paid by users. The...
Iris Energy mined 10% more bitcoin in May
Iris Energy reported a 10% increase in Bitcoin mined during May (totaling 151 BTC), over the previous month. The company also said in a statement Tuesday that its average operating hash rate rose to 1...
What Happens When All 21 Million Bitcoin Are Mined? – crypto.news
One of Bitcoin’s strongest features is its limited supply. The digital currency’s design gives it a maximum total supply of 21 million coins. Today, approximately 90 percent of bitcoin has already bee...
Bitfarms Records $40m in Total Revenue and 900 BTC Mined in Q1 2022
Bitfarms Ltd, a Canadian Bitcoin mining company, announced its financial results for the first quarter ended March 31, 2022. Bitfarms said on Monday that it has mined 961 Bitcoin (BTC) at an average c...
Riot sells half of bitcoin mined in April after 150% month-over-month production increase
Bitcoin miner Riot announced Tuesday that it sold about half of the bitcoin it mined in April, generating a total of $10 million in net proceeds. The company has recently shared an ambitious expansio...
Riot Blockchain Mined 508 BTCs, Increased 150% in April
Riot Blockchain, Inc, a Colorado-based Bitcoin mining company, announced Tuesday that its Bitcoin production and mining operations have surged in April. Riot said that it produced 508 Bitcoins last mo...
Bitfarms Reports $217 Million Worth of BTC in Holdings with 405 Bitcoin Mined in April
Tomiwabold Olajide Bitfarms stated that it now has 5,646 BTC in custody, as of April 30, 2022 Bitcoin self-mining company Bitfarms recently released its Bitcoin production and mining operations update...
Hodlers offload some mined bitcoin
In the last episode of the Mining Report, The Block’s Wolfie Zhao discussed the unprecedented growth of North American bitcoin mining companies in 2021 with massive equipment pre-orders and powe...
Core Scientific Launches Public Reporting of Bitcoins Mined
Core Scientific, the world’s largest public bitcoin mining company, now host a live mini production dashboard on their website to indicate how many bitcoins they’ve mined. This is in a bid to improve ...
Crypto to be mined in Sorradino in Argentina to avoid higher inflation
Crypto mining in the town of Sorradino in Argentina’s Santa Fe Province could start soon It will mine in a bid to collect the cash required for its increasing inflation The city chairman sees no gamb...