Bitcoin’s mining industry has taken a severe hit in 2022. Given factors such as massive price corrections, inflation, etc., many miners have even exited the Bitcoin network. Why? Well, mainly to make ...
Tag: Miners
Heat wave puts miners in serious trouble in Texas
A new heat wave hits Texas, and cryptocurrency miners are feeling all the negative effects. Texas summer doesn’t seem like a good place for cryptocurrency miners Mining requires a great deal of elect...
Crypto Miners Get Leverage From Iran Regulation: Access To Renewable Power
9 hours ago | 2 mins read Market News Each country focuses on crypto regulations, some have strengthened the rules but revising and making minor changes is constant. Similarly, the authorities of Iran...
Bitcoin Miners’ Balance Hits 4-Year High: Glassnode
Bitcoin miners’ balance has reached a four-year high. According to Glassnode’s latest data, the figures have surpassed 1,845,303 BTC. Bitcoin Miners Hodling Again From the great Chinese migration in 2...
Bitfarms Adds 18 MW of Capacity to ‘The Bunker’ — Miner’s Daily Production Taps 16.8 BTC per Day – Coinotizia
On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation. The mining fac...
Bitfarms Adds 18 MW of Capacity to ‘The Bunker’ — Miner’s Daily Production Taps 16.8 BTC per Day – Mining Bitcoin News
On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation. The mining fac...
ETC Up 190% As Vitalik Shifts ETH Miners Focus Towards Ethereum Classic
– Advertisement – Ethereum Classic is gaining traction as miners ditch Ethereum ahead of the planned merger to Proof-of-Stake. The Ethereum blockchain has been up for a revolutionary cha...
Vale Earnings Disappoint as Miners Grapple With Stagflation
(Bloomberg) — Vale SA struggled more than expected with deteriorating iron ore conditions last quarter, delivering earnings that trailed estimates on rising costs and weaker prices of the steelm...
Iran Amends Regulations to Ease Crypto Miners’ Access to Renewable Energy – Mining Bitcoin News
Authorities in Iran have revised some rules for the crypto mining industry in order to facilitate its access to green power. Licensed miners will now be able to purchase electricity produced from rene...
Declining Bitcoin Mining Difficulty May Give Struggling Miners A Fighting Chance
Bitcoin miners have been seeing their limits tested with the decline in profitability due to the declining prices. The increase in mining difficulty had also contributed to this as more competition me...
Foundry Starts New Service to Reduce Supply-Chain Lag for Bitcoin Miners
The new service, Foundry Logistics, is a dedicated supply-chain management service that is able to cut down total transit time for shipments significantly as well as add visibility to various expenses...
Ethereum Classic (ETC) Soars 90%, Will Vitalik And Merge Support Miners?
Ethereum Classic (ETC) price has skyrocketed over 90% after the Merge date announcement, with the price almost doubling from $14 to $28. The rally comes after fresh support from the largest mining poo...
How The Bitcoin Difficulty Adjustment Has Boosted Miners’ Bottom Line
Data shows the recent large negative Bitcoin mining difficulty adjustment has provided a significant boost to the miners’ revenues. Bitcoin Miners Observe Big Boost In Revenues After Difficulty Decrea...
Bitmain Partner Antalpha Unveils Lending Products for Miners
The firm has about $700 million of client’s assets on its balance sheet and doesn’t leverage its internal assets, Liao said. The company believes it is in a good position to evaluate miner...
Ethereum Founder Vitalik Suggests Miners To Move To Ethereum Classic
Cryptocurrency miners seek new ways to generate income after the upcoming fundamental update of the Ethereum chain. This is because crypto one of the largest blockchain will not be available for minin...
Vitalik Buterin Considers Ethereum Classic as ‘Totally Fine Chain’ for PoW-inclined Miners
Ethereum co-founder Vitalik Buterin recently offered Ethereum Classic as an alternative for people averse to the ETH PoS upgrade. Vitalik Buterin recently suggested that anyone who favors the proof-of...
Winning in Computing Power, Why DCRN Gets Special Interest from Miners – crypto.news
According to the official mining pool of Decred-Next(DCRN), as of 20th July, DCRN’s real-time hashrate has already reached 70PH/s, up by a spectacular 288% on a single day, surpassing that of DCR and ...
After Dismissing Staff, Compass Mining Deploys 25,000 Additional ASIC Miners
The American-based bitcoin miner – Compass Mining – intends to add 25,000 ASIC miners to its facility in Granbury, Texas. The deployment is scheduled for August as it will be supported by Compass’ par...
Bitcoin Miners In Profit As Mining Difficulty Eases
When the data of Bitcoin mining difficulty is considered, there is a drastic drop from July 2021. As per the data, yesterday, on July 22, the Bitcoin mining difficulty has seen a drop of nearly 5%. Th...
Compass Mining to add 25,000 ASIC miners just weeks after staff cuts
Mere weeks after announcing staff lay-offs and salary cuts, Compass Mining has unveiled expansion plans in the form of a 75 megawatt (MW) hosting partnership with Compute North for its data center in ...
Bitcoin miners sell BTC to cover their dollar obligations, Core Scientific CEO says
Core Scientific CEO and co-founder Mike Levitt says the crypto market space is indeed feeling the heat of the crypto winter, with a price crash across cryptocurrencies impacting mining companies’ deci...
Combining Oil Drillers And Bitcoin Miners
– Advertisement – The network on which the concept of BTC is developed (blockchain) can potentially improve the career of any commodity in the financial market. The arrival of BTC in the m...
Why Bitcoin Miners In Texas Have Suspended Mining Operations?
Bitcoin Miners have stopped mining operations in Texas to relieve pressure from the power grid. SATO CEO Nouzareth says managing loads of electricity through curtailment is beneficial for BTC miners....
Texas Bitcoin Miners Power Back Up after Voluntary Suspension During Grid Strain
Bitcoin mining operations in Texas have resumed amid record temperatures sweeping across parts of the United States and Europe. Following a request from the Electric Reliability Council of Texas (ERCO...
Texas Bitcoin Miners Go Live Again After Power Outage
Bitcoin miners in the Lone Star State are back in action after halting operations over power cuts at the start of the month. Texas power grid operator, the Electric Reliability Council of Texas (ERCOT...
Bitcoin Miners In Texas Back Online After Shutdown To Ease Stressed Power Grid
An industry body announced on Wednesday that major bitcoin mining facilities in Texas have resumed operations following power outages earlier in the month caused by hot temperatures that triggered a r...
Public Bitcoin Miners Dump 25% of BTC Holdings Last Month
Data shows public Bitcoin miners dumped around 14.6k BTC during the month of June, which is about 25% of their total holdings. Bitcoin Public Miners Capitulate As Mining Revenues Stay Quite Low As per...
DCG’s Subsidiary Foundry Launches Training Program for Miners
Foundry, a crypto mining and staking firm, has launched a new training program for miners. Foundry’s training program gives tough competition to Bitmain and MicroBT’s training courses. First co...
Texas Bitcoin miners resume operations after shutting down due to high power demand
After weeks of inactivity as part of stabilising electricity usage, large-scale Bitcoin miners in Texas have resumed normal operations. The operators had halted mining activities following increased ...
Paraguay One Step Closer To Being a Paradise for Bitcoin Miners
Paraguay’s legislature has approved a bill that creates a tax and regulatory framework for crypto mining in the South American country. The senate bill regulates businesses undertaking mining activiti...
Would Ethereum Classic be a replacement for ETH miners after Merge
Ethereum [ETH] has shown significant movement in the past week and has shot above $1,550 as of 19 July. However, ETH doesn’t seem to be the only benefactor from the latest Merge update. Another old fa...