Growing electricity consumption in the crypto mining sector may require the construction of new power generation facilities in Siberia, the energy minister of Russia has acknowledged. Demand continues...
Tag: Miners
Bitcoin Miners Got Crushed by Crypto Winter. 2023 May Bring More Pain
The mining industry started 2022 off strong with what seemed like ample capital to expand, but high energy prices, increasing competition for Bitcoin blocks and a bear market hit miners, knocking out ...
Expect More Bitcoin Miners To Go Bankrupt in 2023
It’s no secret crypto miners are struggling, and more casualties are expected next year. But as the bear market trudges on, not all companies in the segment face dire circumstances, industry watchers ...
Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current Prices – Bitcoin News
Bitcoin miners have had a challenging year as the network’s mining difficulty reached an all-time high and the spot market price of bitcoin dropped below the cost of production. Currently, with electr...
Crypto Firms Underperform Bitcoin In 2022, Miners Hit Worst
Data shows almost all the big public crypto companies have underperformed Bitcoin this year, with the mining firms taking an especially hard hit. Most Public Mining Companies Saw Drawdowns Of 90% Or M...
Bitcoin Miners Might Suffer More in 2023
Bitcoin mining, like the rest of the cryptocurrency industry this year, has taken a serious hit. As we approach 2023, with the hope that the market will flip and crypto prices will recover, industry a...
Created Headline:- Bitcoin Miners Bribed Chinese Community Party Officials
Xinwen Lianbo, the daily news agency of state-owned China Central Television reported on December 29th, 2022 that Xiao Yi, the former Communist Party secretary for the city of Fuzhou pleaded guilty to...
Bitfarms CEO Steps Down; BTC Miners Struggle With Profitability
Bitfarms CEO Emiliano Grodzki has resigned. He will be replaced by Geoffrey Morphy, the company’s chief operating officer. This comes amid a disastrous year for Bitcoin miners, causing some large firm...
Chinese State Official Admits to Colluding With Miners
Chinese Communist Party official Xiao Yi pled guilty to offering Bitcoin miners financial subsidies and power guarantees despite a nationwide cryptocurrency ban. According to state-owned Chinese news ...
Chinese Communist Party official pleads guilty to helping Bitcoin miners
According to a report published by state-owned daily news program Xinwen Lianbo on Dec. 29, Xiao Yi, the former Communist Party secretary of the City of Fuzhou, pleaded guilty to corruption charges in...
PEGA Pool’s Launch Is In Sight, A Silver Lining for Bitcoin Miners Everywhere
The wait is (finally) almost over. After months of anticipation, the world’s first ecological mining pool to ever hit the market is finally almost here. But what’s got Bitcoin (BTC) miners so excited ...
Public Bitcoin miners sold almost everything they mined in 2022
Publicly listed Bitcoin (BTC) miners sold off almost 100% of all the Bitcoin they mined throughout 2022, leading to a debate over whether the sales created “a persistent headwind” for the ...
Bitcoin ASIC miners’ price hits lowest levels in years
Bitcoin ASIC miners’ prices have dropped by more than 80% since late 2021. While asset prices decline, the mining scene is flooded by rigs. Bitcoin ASIC mining rigs price The price of bitcoin ASIC mi...
BTC price dips 1% on Wall Street open as Bitcoin miners worry analysts
Bitcoin (BTC) saw a fresh hint of volatility at the Dec. 27 Wall Street open as United States equities began the final trading week of the year. BTC/USD 1-hour candle chart (Bitstamp). Source: Trading...
Bitcoin ASIC miners prices plummet by 80%
Bitcoin ASIC miners used by miners to produce Bitcoin are now witnessing a massive price decline. According to several reports, the mining equipment is presently selling at figures that it last sold l...
Bitcoin Crypto Miners Back on Track; Hashrate on Recovery
Bitcoin’s hashrate shrunk on December 25 and set a new record for the lowest hashrate in the last three months, Although while writing this article, the hashrate is back to its earlier position. O...
Bitcoin 7-Day Hashrate Down As US Storm Disrupts Miners
Data shows the 7-day average Bitcoin hashrate has now fallen to lows not seen since September, as blizzards temporarily disrupt miners in the US. Bitcoin Mining Hashrate Has Shown Wild Fluctuations Re...
Bitcoin hashrate drops nearly 40% as deadly U.S. storm unplugs miners
The Bitcoin network hashrate has dropped by more than 38.8% from its peak on Wednesday, as many U.S.-based miners have been forced to switch down their facilities due to deadly blizzards. See related ...
Bitcoin hashrate recovers after big freeze shuts down miners
Bitcoin’s network hashrate has returned to regular levels again, days after freezing temperatures across the United States put a strain on the nation’s electricity grid — leading to a temporary ...
Around Asia, cryptocurrency miners and brokers are closing their doors
Join Our Telegram channel to stay up to date on breaking news coverage Global bitcoin fever swept millions of people between 2020 and the middle of 2022. Converts to blockchain and Web3 reached every ...
Amid the arctic blast, Texas miners voluntarily shut down or curtail operations
Bitcoin miners are again showcasing how they can play an essential role in the energy infrastructure as miners shut down or limit production to support the ecosystem in Texas. Texas is facing a hard f...
Core Scientific might not survive: Why are all miners leaving?
Core Scientific says they don’t have the liquidity to survive 2022. They accrued a $1.7 billion loss in the last two quarters. The trio of stumbling blocks is to blame for players leaving the mining a...
Blockware sued over alleged misrepresentation of miners’ performance
London-based Faes & Company filed a complaint against crypto mining firm Blockware Solutions LLC on Dec. 17, claiming it misrepresented the performance capability of its miners and lacked adequate...
Public Bitcoin Miners Have Liabilities of Over $4B
Public bitcoin miners in the US collectively owe over $4 billion, with Core Scientific, Marathon, and Greenridge Generation being the biggest debtors, according to data from Hashrate Index. According ...
Bitcoin miners increased hash rate and production despite falling BTC prices in 2022
The price of Bitcoin (BTC) fell by 64.68% to $16,870 from around $47,766 at the beginning of the year, CryptoSlate data shows. At the same time, share prices of Bitcoin mining companies fell by 91% on...
Crypto miners bracing for impact from brutal winter storm
Crypto miners are preparing for what could be a volatile weekend in the U.S. as a brutal winter storm brought bitter temperatures and power outages across much of the country. “Please be p...
Contagion engulfs Bitcoin miners as bear market continues
Never underestimate how quickly things can deteriorate in a sector as volatile as crypto, especially in a bear market. Prices can always go lower in the depts of crypto winter and casualties can multi...
This Winter May Prove Really “Cold” for Crypto Miners in Europe
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto indu...
Bitcoin Miners Discovered 53,240 Blocks This Year, Foundry Led the Pack, Hashrate Tapped an All-Time High – Mining Bitcoin News
As the new year approaches, more than a dozen bitcoin mining pools still dedicate a total of 238 exahash per second (EH/s) toward the Bitcoin blockchain in order to secure the network and reap mining ...
British Columbia Will Stop Crypto Miners From Getting Electricity
An electric utility company in the Canadian province of British Columbia, which is controlled by the state, has announced that it intends to put a temporary stop for the next 18 months to any new requ...
Crypto Miners Are Feeling The Pinch Of High Energy Prices And Slump In Crypto Prices ⋆ ZyCrypto
Advertisement     The crypto mining profitability has been adversely impacted by the challenges facing the crypto industry in 2022. Crypto mining generally refers to t...