Bitcoin mining stocks tracked by The Block were mostly higher on Friday, with 13 gaining and the other 5 declining. Bitcoin rose 5.2% to $19,827 by market close. Here is a look at how the ...
Tag: Mining
The Block: Congo national park’s bitcoin mining bet saved it from going bust: MIT Tech Review
Nestled on the eastern edge of the Congo basin, the Virunga National Park is the second-largest tropical rainforest in the world, home to half of Africa’s terrestrial animals and a third of the ...
Celsius mining announces the successful sale of $1.3M worth of mining equipment
As part of its bankruptcy proceedings, the mining arm of crypto lender Celsius Network has announced a sale worth $1.3 million for their mining equipment. The United States Bankruptcy Court of the Sou...
Bitcoin Mining Stocks In Solid Gains As Crypto Market Rallies
Following the ongoing rally in the crypto market, the stocks of the top five leading Bitcoin mining companies have surged in value, amassing solid gains. Major crypto stocks are also rising and have r...
Bitcoin Saving Wildlife, Virunga National Park in Congo Turns to BTC Mining
– Advertisement – The park leverages renewable energy for its Bitcoin mining which started during the lockdown in 2020. Virunga National Park, one of the oldest national parks in DR Congo ...
Celsius sells bitcoin mining machines for $1.3 million
The bitcoin mining arm of bankrupt crypto lender Celsius is selling machines worth $1.3 million. The firm is letting go of nearly 2,700 “new-in-box” MicroBT M30S units, according to ...
Celsius Mining to sell 2687 BTC mining rigs for $1.34M
Celsius Mining entered into a Jan. 7 sales agreement to sell 2,687 Bitcoin mining rigs for $1.34 million to Touzi Capital , according to a Jan. 11 court filing. The mining rigs are “MicroBT ASIC M30S...
National Park in Congo is mining Bitcoin using hydro-electricity
As cryptocurrency mining becomes an increasingly popular method of obtaining digital assets such as Bitcoin (BTC), one national park in eastern Congo has decided to put its natural resources to use in...
Bitcoin Mining Stocks Pump After Falling to Long Term Lows
Crypto prices are not the only things gaining this week. Bitcoin mining stocks are also on a roll on the back of renewed market momentum. Share prices in some of the major publically listed Bitcoin mi...
The Block: Bitcoin mining report: Jan. 12
Bitcoin mining stocks tracked by The Block were higher on Thursday, with all 19 gaining. Bitcoin rose 7.5% to $18,857 by market close. Here is a look at how the individual miners performed...
Argo Blockchain’s Bitcoin Mining Margin Widens Most in at Least a Year
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Miner US – One of the Best Hash Mining Provider
SPONSORED POST* As both the expenses and profits of mining continue to rise, there has never been a greater need for a safe and secure cryptocurrency mining platform. As a direct result, a rising numb...
Hut 8’s BTC Mining Operation Halted over Power Disputes
Hut 8 and Validus had a partnership where both accused the other of breach of contract. Validus has stopped the power supply to the facility, halting all its operations. They both partnered to bring ...
The Block: Bitcoin mining report: Jan. 11
Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with six gaining and the other 13 declining. Bitcoin rose 0.5% to $17,559 by market close. Here is a look at how ...
Argo’s mining revenue dipped 28% in December due to winter storm
Debt-ridden Bitcoin (BTC) miner Argo Blockchain mined 147 BTC in December — 25.75% less than the 198 BTC it mined in November. Argo said that the fall in mined BTC was primarily due to the curtailment...
Former Chinese Official Apologizes for His Involvement in Cryptocurrency Mining
Alex Dovbnya Expelled CCP official was covering up illegal cryptocurrency mining farm that was consuming plenty of electricity Former Chinese official Xiao Yi from Fuzhou city, who had previously been...
The Block: Bitcoin mining report: Jan. 10
Bitcoin mining stocks tracked by The Block were higher on Tuesday, with 16 gaining and the other three declining. Bitcoin rose 1.3% to $17,459 by market close. Here is a look at how the in...
Bitcoin mining stocks surge with broader market as traders see less aggressive Fed
Shares of publicly traded Bitcoin (BTC) miners surged on Jan. 9 as traders piled into equity markets amid growing bets that the United States Federal Reserve would soon be able to relax its aggressive...
Core Scientific releases operational update as bitcoin mining revenue falls
Bitcoin mining firm Core Scientific has released its production and operational update for the last two months of 2022. Core Scientific mined 4,417 bitcoins In a press statement published on Jan.9, Te...
Dogecoin Mining Profitability Higher Than Bitcoin, Here’s The Difference
Dogecoin mining profitability is actually higher than that of bitcoin, according to data from the mining calculator website CoinWarz. With the market seeing declines over the past year, the mining ind...
The Block: Bitcoin mining report: Jan. 9
Bitcoin mining stocks tracked by The Block were higher on Monday, with 18 gaining and the other one declining. Bitcoin rose 1.6% to $17,234 by market close. Here is a look at how the indiv...
Strange Antennas Used For A Secret Crypto Mining Activity Are Sprouting In Utah’s Hills
Strange antennas have been spotted cropping from the hills of Salt Lake City in Utah, that seem to be linked to a crypto mining company. According to KSLTV-5, the antennas appeared a year ago and auth...
Is cryptocurrency mining profitable in 2023? Top 4 methods to try
Despite occasional setbacks, the cryptocurrency sector continues to expand, enticing an increasing number of newcomers to try and get their hands on their own piece of the crypto cake, particularly th...
Singapore Arbitrator Rules Against Mining Software Firm Poolin’s IOU Model, But the Firm Hasn’t Paid Yet
The firm had originally said on Sept. 13: “In practice, PoolinWallet will offer IOU-token to token single-direction swap in the Trade function, allowing users to trade their IOUBTC to BTC, IOUETH to E...
Bitcoin Mining Hashrate Reaches New All-time High This New Year
On 7 January, Bitcoin’s hashrate was reported to be 290 EH/s. The data also reveals that the price of producing Bitcoin has decreased. This first week of 2023 has been particularly intense for Bitcoin...
Bitcoin Hashrate Reaches All-Time High, Boost Could Lead to Record-Setting Difficulty Increase – Mining Bitcoin News
During the first week of the new year, Bitcoin’s hashrate reached an all-time high (ATH) on Jan. 6, 2023, at block height 770,709. The network recorded a milestone of around 361.20 exahash per second ...
Hut 8 Mining mined only 161 BTC in December
Hut 8 Mining Corporation (TSX: HUT) mined 161 bitcoin (BTC) in December, their worst monthly output in 2022. The performance was the company’s second consecutive month of dropping production. Their a...
Litecoin, Dogecoin See Mining Surge After Prices Rise Post-Merge
Mining activity is surging on a raft of proof-of-work blockchains still riding tailwinds from Ethereum’s switch to proof-of-stake five months ago. Those beneficiaries of Ethereum’s long awaited Merge,...