After the Electric Reliability Council of Texas (ERCOT), an independent electricity provider to more than 26 million Texas customers, introduced the Interim Voluntary Load Curtailment program for Bitc...
Tag: Miners
Bitcoin Miners Celebrate 10 Years Since First ASIC
The Bitcoin mining industry reached a significant milestone today as it celebrates ten years since the launch of the first application-specific integrated circuit (ASIC). This specialized BTC mining h...
Bitcoin miners and short term holders are selling as whales accumulate, Glassnode data shows
Bitcoin (BTC) miners and short-term holders are selling despite the coin recently rallying to retest $25k for the first time this year. Meanwhile, long-term holders and whales appear to be accumulatin...
Bitcoin [BTC]: How Ordinals and miners catapulted prices
The Puell Multiple metric was at its highest in 14 months at press time. Ordinals have also helped the transaction count metric surge in the past weeks. Many reasons have contributed to Bitcoin’s [BTC...
Cryptocurrency miners are leading the next stage of AI
As artificial intelligence (AI) rapidly works its complex magic on one sector of the economy after another, there is an increasingly pressing need for compute resources to power all this machine intel...
Huge Shift For Bitcoin Miners With Ordinals: On-Chain Data
Bitcoin Ordinals: While the Bitcoin halving is considered the biggest event in the cryptocurrency’s life cycle, the onset of Bitcoin based NFTs could potentially go on to become the next biggest devel...
CleanSpark Buys 20000 New Bitcoin Miners to Boost
CleanSpark, a Bitcoin miner, is expanding its mining capacity in the United States by purchasing 20,000 additional Antminer S19j Pro+ machines for a total cost of $43.6 million. It is anticipated that...
Public Bitcoin Miners in better financial health despite 12.1% YoY drop in BTC holdings
Ad Glassnode data analyzed by CryptoSlate shows that Bitcoin miners are beginning to enjoy some respite in the current year after struggling in 2022. Bitcoin miner’s holdings decline 12.1% YoY As of J...
CleanSpark buys 20,000 miners from Bitmain, bringing bear market tally to 46,500
Bitcoin miner CleanSpark bought 20,000 more mining machines, bringing the total count of its bear market spending-spree purchases to over 46,500. The company expects to pay $32.3 million for the...
PEGA Pool Launches Eco-Friendly Bitcoin Mining Pool With Huge Incentives For Miners
Advertisement     PEGA Pool, a UK-based company, is excited to announce the official launch of its eco-friendly Bitcoin mining pool created to enable clients to offset...
Bitcoin Miners Generated $600K From Ordinals Transactions in 2 Months: Dune
Since the launch of the new controversial Bitcoin-based non-fungible token (NFT) protocol Ordinals in mid-December, miners on the largest blockchain have made nearly $600,000 in BTC transaction fees. ...
Bitcoin miners already made nearly $600K from Ordinals’ NFT transactions
Bitcoin (BTC) miners have earned nearly $600,000 in two months from a new controversial nonfungible token (NFT) protocol called Ordinals that has triggered a surge in user activity. What are Bitcoin O...
Iris Energy to nearly triple hash rate with estimated 44,000 new BTC miners
Australia-based Bitcoin (BTC) mining company Iris Energy has revealed it will nearly triple its mining capacity with the addition of thousands of mining rigs. On Feb. 13 the firm said it purchased an ...
As bitcoin miners prep for earnings season, all eyes are on treasuries and deployments
With fourth-quarter earnings for bitcoin miners starting, industry experts are closely watching how companies plan to deploy hardware and manage their treasury going forward. 2022 was a lesson i...
At Least 1,000 Lawsuits Filed Against Crypto Miners in Russia’s Irkutsk Region – Mining Bitcoin News
Authorities in the Russian region of Irkutsk have so far filed 1,000 lawsuits against what they call “gray” miners, or people minting coins in their homes. In over half of these cases, courts have ord...
Public BTC Miners Increased Bitcoin Production In January
The year-end was marked as unlucky for Bitcoin miners due to unexpected weather conditions in North America. Sudden storms and power interruptions severely hampered mining activities in the nation. Ea...
Elizabeth Warren Wants Miners to Disclose Energy Use
Alex Dovbnya Warren is now calling for greater transparency from cryptocurrency miners due to concerns over the environmental impact of Bitcoin, the bellwether cryptocurrency In a Sunday tweet, Massac...
Public Bitcoin miners release their January 2023 production update
We previously examined the state of Bitcoin mining, however, it’s also very important to take look at the new data that is now available. This is courtesy of the public Bitcoin miners who recently pub...
Bitcoin miners made a big mistake during COVID
It has been a tough year for Bitcoin miners. 2022 brought the nasty cocktail of rising costs and falling revenue. The former was predominantly affected by spiking electricity costs, while the latter c...
Public miners increased Bitcoin production, hash rate in January
The first production update of 2023 from publicly listed Bitcoin (BTC) mining companies shows a steady increase in hash rate and a surge in BTC production compared to the previous month, according to ...
Bitcoin miners as energy buyers, explained
To power their mining operations, Bitcoin miners either purchase electricity from conventional and renewable energy sources or develop and run their own renewable energy facilities, turning them into ...
Bitcoin Miners as Energy Buyers
Bitcoin miners can be thought of as energy buyers because they require a significant amount of energy to power their computer systems. These systems perform the complex mathematical computations requ...
Analyzing Bitcoin miners’ condition in the wake of increased regulatory purview
Some U.S. states implemented soft laws for crypto mining regulation. Miner reserves highlight a lack of incentive for miners to HODL. Regulators in the U.S. are ramping up their efforts in a bid to st...
Mississippi State Senate Passes Bill to Protect Crypto Miners
The Mississippi Digital Asset Mining Act was approved by the state senate on February 8, 2019, bringing the state of Mississippi, which is located in the United States, one step closer to safeguarding...
Miners in Kazakhstan Need To Sell 75% of Revenue Via Official Exchanges
9 seconds ago | 2 mins read Bitcoin News Starting on April 1, 2023, the new legislation will be fully implemented. Miners need to sell at least 75% of their earnings to official crypto trading platfor...
Mississippi Passes Bill Protecting Crypto Miners’ Rights
The passage of a crypto framework in Mississippi, or the Digital Asset Mining Act, by the state senate on February 8 represents a step forward in the state’s efforts to protect the rights of cryptocur...
Kazakhstan Law Limiting Crypto Miners’ Consumption of Electricity Enters Into Force – Mining Bitcoin News
A new law expanding the regulatory framework for cryptocurrency miners while restricting their access to low-cost electricity has entered into force in Kazakhstan. The legislation introduces a licensi...
Russia Gives Tax Incentives to Crypto Miners
In the most recent months, the cryptocurrency mining business has been met with moratoriums in several regions of the United States and Canada. Those who wish to invest in cryptocurrency mining may no...
Mississippi Senate passes bill to protect cryptocurrency miners from discrimination
The American state of Mississippi is one step closer to protecting the rights of cryptocurrency miners after the state Senate passed the Mississippi Digital Asset Mining Act on Feb. 8. There is a comp...
Ault Alliance, Inc. Subsidiary BitNile, Inc. Moving 6,572 Bitcoin Miners Out of Texas Hosted Facility
As a result of the Compute North bankruptcy filing BitNile, Inc. determined that it is in the best interest of the business to move all the miners out of the Wolf Hollow facility Shipping began last m...
Mississippi passes law protecting Bitcoin miners from discrimination
Lawmakers from the Mississippi senate have passed a new law establishing a framework for protecting Bitcoin (BTC) miners in the state. The bill dubbed the “Right to Mine” will protect Bitcoin mining f...
Cutting Costs and Joining Forces, Bitcoin Miners Hoping for Rebound
After a rocky 2022, bitcoin miners could be in for a lucrative year, at least if past market cycle patterns repeat. The largest cryptocurrency posted a 64% loss last year, coupled with skyrocket...