Bitcoin hashrate is at an all-time high, and competition for block rewards is fierce. Miners’ revenue has declined, and the selling pressure may increase anytime soon. Bitcoin’s hashrate reached a new...
Tag: Mining
America’s first nuclear-powered Bitcoin mining center to open in Pennsylvania
With the expansion of the cryptocurrency sector, mining Bitcoin (BTC) is becoming increasingly mainstream, and the construction of the first nuclear-powered data center in the United States that is ex...
Rhetoric From Davos Dominated The Week In Energy
Al Gore, chairman of Generation Investment Management LLP, center, on day two of the World Economic … [+] Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 18, 2023. The annual Davos gatheri...
Bitcoin mining in a university dorm: A cooler BTC story
The humble university dorm is a place for students taking their undergraduate degrees to study, rest, make new friends, host wild dorm parties and, of course, mine Bitcoin (BTC). A master’s student i...
US lawmakers propose laws protecting bitcoin mining
Mississippi and Missouri lawmakers have introduced bills to protect and encourage bitcoin (BTC) mining operations and node operators in their states. Legal protection for bitcoin (BTC) mining Legislat...
Bitcoin Mining Became Greener and More Efficient in 2022
Despite much turmoil in 2022, the Bitcoin mining industry’s hashing technology only continued to grow more efficient throughout the year, according to a new survey from the Bitcoin Mining Council (BMC...
$2 Million Lawsuit Filed Against Compass Mining Dismissed by Court
4 hours ago | 2 mins read Bitcoin News Plaintiffs can submit their second amended lawsuit by two weeks. Compass did little to assist clients in recovering their lost devices as per the claim. Compass ...
CleanSpark Kicksoff 50MW Bitcoin Mining Expansion
Bitcoin mining company – CleanSpark – has started the construction of the second phase on a site in Washington, Georgia, that is set to accommodate 16,000 miners. This move is expected to increase its...
Snowfall Protocol Offering More Attractive Returns as Bitcoin Mining is at its Most Difficult
Advertisement     Cryptocurrencies offer multiple opportunities to make a yield from the industry. Most choose crypto trading, staking, yielding, and other approaches ...
Crypto Mining Stocks Are Roaring Back After Bitcoin Price Surge
According to a Bloomberg report, the crypto mining stocks are once again roaring into the market. Bitcoin (BTC) traded above the price range of $20,000 after November 2022 and hitted $21,564 mark in t...
The Block: Bitcoin mining report: Jan. 20
Bitcoin mining stocks tracked by The Block were higher on Friday, with 15 gaining and the other four declining. Bitcoin rose 5.3% to $22,216 by market close. Here is a look at how the indi...
Virunga National Park Seeking to Use Hydroelectricity for BTC Mining
A National Park in the Eastern part of Congo will start mining BTC using hydroelectricity. Virunga National Park is one of the oldest National Parks in Africa, which was established around April 1925 ...
New Hampshire Governor Examines Bitcoin Mining for State Plan
The office of New Hampshire Governor Chris Sununu published a report on crypto and blockchain tech. Among other things, he recommends that the Department of Energy examine Bitcoin mining for its poten...
Bitcoin mining council Q4 2022 briefing shows a drop in sustainable energy usage
The Bitcoin Mining Council (BMC) recently released its Q4 2022 briefing, showing a current sustainable energy mix of 58.9% – a half percent decrease from the previous quarter’s 59.4% figure. The BMC w...
Allegations of fraud against Compass Mining after company cuts ties with Russian
Compass Mining severed its ties with the Russian hosting provider Bit River and did not return Bitcoin mining gear to its customers. The company claimed the reason for its actions as a non-applicable ...
Complaint filed against Compass Mining for losing BTC mining machines hits snag
A group of customers attempting to sue Compass Mining for over $2 million for failure to return their Bitcoin machines after cutting ties with a Russian hosting company, has had their case dismissed j...
Compass Mining Sued For Over $2 Million Over Alleged Fraud
Crypto miner Compass Mining has been sued by its customers for alleged fraud. Customers have demanded over $2 million for the mining firm’s failure to return their equipment. The issue stems from Comp...
The CEO of Crypto Mining Firm Described Bitcoin Mining
In a recent interview, Hut8 CEO Jaime Leverton explained how Bitcoin mining can stabilize grids, create jobs and generate tax revenues, at the World Economic Forum in Davos, Switzerland. Hut8 is one o...
U.S. sanctions: Customers suing Compass Mining
Compass Mining severed its ties with the Russian hosting provider Bit River and did not return Bitcoin mining gear to its customers. The company cited an inapplicable fine issued by the United States ...
The Block: Bitcoin mining report: Jan. 19
Bitcoin mining stocks tracked by The Block were mixed on Thursday, with 10 gaining and the other 9 declining. Bitcoin rose 1.7% to $21,099 by market close. Here is a look at how the indivi...
Investors drag Compass Mining to court – Cryptopolitan
Compass Mining will spend the next few weeks navigating out of cold waters after investors have dragged the company to court over fraud claims. According to the filing, the investors allege that the c...
Argo Blockchain Sells Mining Facility to Galaxy Digital to Stay Afloat
Argo Blockchain – one of the largest and most powerful digital currency mining enterprises in the world – has announced a new plan that will allow it to avoid bankruptcy and become another company tha...
Bitcoin Price Rally to $21.5K Takes Pause
Digital assets have sprung to life in the past week, despite ongoing concerns a looming recession may place higher valuations on hold in traditional markets. Bitcoin is up more than 23% from weekly lo...
NY County Sued over Approval of Crypto Mining Operation
Earthjustice filed a suit with the Supreme Court of Albany County. The lawsuit was filed citing violations of CLCPA in the approval of a PoW crypto mining operation. The 24/7 crypto mining operations ...
Crypto miner explains how Bitcoin mining stabilizes grids
2022 was “the perfect storm” for Bitcoin (BTC) miners, according to Jaime Leverton, CEO of Hut8 Mining — one of the largest crypto miners and digital asset experts in the space. Leverton sat down wit...
BIT Mining stock surges 42% on LD3 miner launch
BIT Mining Limited’s stock volume has surged by 42% after the technology-driven cryptocurrency mining business announced today the introduction of its cutting-edge Litecoin (“LTC”) / Dogecoin (“DOGE”)...
Bitcoin mining profitability surges as hash rate reaches new peak
Definition The Difficulty Regression Model is an estimated all-in-sustaining cost of production for Bitcoin. It considers difficulty as the ultimate distillation of mining ‘price,’ account...
The Block: Bitcoin mining report: Jan. 18
Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with one gaining and the other 18 declining. Bitcoin fell 2.6% to $20,781 by market close. Here is a look at how ...
After approving a crypto mining site, an environmental group has filed a lawsuit against New York
Join Our Telegram channel to stay up to date on breaking news coverage On January 13, environmentalists filed a lawsuit against the New York Public Service Commission (PSC) for allowing the takeover o...
Bitcoin mining stocks on the rise
2022 was not only a terrible year for the crypto markets, but also for the stock prices of those companies involved in Bitcoin mining. The collapse of Bitcoin mining-related stocks When analyzing the...
Bitcoin Rally Pushes Crypto Mining Stocks Up
After a year-long winter accompanied by massive losses in the mining sector, the recent Bitcoin recovery is a relief to miners. Moreover, the Bitcoin price rally has rubbed off on crypto mining stocks...
Top Crypto Mining Stocks To Buy In 2023
Crypto mining stocks are recording their best monthly performance as Bitcoin price continues to break higher. The BTC price has rallied nearly 30% since the start of the year, causing a rebound in the...