Bitcoin’s mining difficulty fell 3.6% at 3:49 a.m. UTC on Jan. 3. The difficulty change suggests that a fraction of Bitcoin (BTC) miners withdrew from the network — most likely due to reduced mining p...
Tag: Mining
Bitcoin Mining Used More Electricity Than Sweden in 2022, Says Report
Join Our Telegram channel to stay up to date on breaking news coverage In a report, technology platform Digiconomist has said that throughout 2022, Bitcoin mining in the whole world consumed energy to...
Russia To Build New Power Facilities In Siberia As Crypto Mining Demand Soars
As the war in Ukraine continues in its 10th month, the Russian Federation recently announced a possible increase in energy production as demand from crypto miners increased. This increase in crypto mi...
Bitcoin Mining Electricity Consumption Was Higher Than Sweden in 2022
Bitcoin mining reportedly exceeded Sweden’s electricity usage last year, yet alternatives are emerging in the mining mix. Over the course of 2022, global Bitcoin mining consumed 161 TWh of electricity...
Miner US Limited the Most Trustable and Certified Hash Mining Service
If you are interested to know more about Miner US Limited you can check out the : Miner US Limited Introduction Video What is Cloud Mining? Cloud mining is a method for mining a cryptocurrency, such ...
An affordable hash mining tool for everyone
If you are interested to know more about Miner US Limited, you can check out the: Miner US Limited Introduction Video. Introducing Miner US Limited After four years of research and development into...
What Will It Take for Bitcoin Mining Companies to Survive in 2023?
It was a perfect storm for bitcoin mining companies in 2022: Interest rate hikes increased the cost of capital, mining bitcoin became less profitable as hashrate stubbornly trudged upward while bitcoi...
Behind the two mining pools controlling 51% of the global hash rate
While most of the market focuses on Bitcoin’s price volatility, a much bigger problem seems to go unnoticed. The centralization of Ethereum has been one of the hottest topics in the crypto industry si...
Russia Plans to Establish New Power Plants Amid Mining Surge
22 seconds ago | 2 mins read Bitcoin News People are consuming more power, which might strain the system’s infrastructure. Republic of Khakassia and the Irkutsk Oblast grids are under the most strain ...
Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia – Mining Bitcoin News
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...
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 Mining Firm Bitfarms CEO Steps Down Amid Bear Market Woes
15 seconds ago | 2 mins read Bitcoin News Geoffrey Morphy is promoted from president and COO to CEO. Bitfarms was established in Canada in 2017 by Grodzki and Nicolas Bonta. Bitfarms’ CEO, Emiliano Gr...
Compass Mining claims victory over dynamics mining in legal battle
As the holiday season continues and spirits are high, Compass Mining, a bitcoin mining hardware company, has reason to celebrate. The company announced today that it had been awarded a $1.5 million ju...
BlackRock Offers $17M Loan To Insolvent Mining Firm Core Scientific
13 seconds ago | 2 mins read Bitcoin News BlackRock is Core Scientific’s biggest shareholder. On December 21st Core Scientific, filed for Chapter 11 Bankruptcy. According to a U.S. Securities and Exch...
$1.5M Awarded to Compass Mining in Lawsuit Against Dynamics Mining
10 seconds ago | 2 mins read Bitcoin News It was claimed that Dynamics Mining had taken the company’s equipment “hostage.” On Thursday, the court sided with Compass and imposed a default judgement. Co...
Bitcoin’s mining industry is in survival mode. What’s in the cards for 2023?
Bitcoin miners are clinging to life. It’s a far cry from a year ago, when they were racing to keep up with incessant demand. So what’s in store for miners in 2023? Bankruptcies have...
Compass Mining wins $1.5 million in court ruling against hosting provider
A judge ruled in favor of bitcoin miner Compass Mining after the company sued hosting provider Dynamics Corp in June. The company was ordered to pay a total of $1.47 million by a Delaware Court ...
Galaxy Digital Buys Agro Blockchain’s Mining Facility For $65M
45 mins ago | 2 mins read Bitcoin News To the tune of $65 million, the Helios facility was sold by Argo Blockchain on Dec 28. Galaxy will also grant a fresh $35 million equipment financing loan. After...
Bitcoin Mining farm Bitfarms co-founder and CEO Emiliano Grodzki resigns
Emiliano Grodzki, co-founder and CEO of Canadian Bitcoin mining company Bitfarms, has resigned, according to a press release on Dec. 29. Emiliano Grodzki and Nicolas Bonta founded the mining company i...
Galaxy Digital pops day after Argo mining acquisition announcement
Galaxy Digital shares rose more than 13% a day after saying it would buy Argo Blockchain’s Helios mining facility. The company will pay $65 million for the facility and will also provide a...
Pega Pool Aims to Make Bitcoin Mining Eco-Friendly With Carbon Offsets
A new Bitcoin mining pool set to launch in 2023 is aiming to provide an eco-friendly alternative to the industry’s notoriously high carbon footprint, using carbon offsets to reduce its environmental i...
2 Bitcoin Mining Pools Command More Than 53% of BTC’s Total Hashrate – Mining Bitcoin News
Bitcoin’s hashrate has jumped from the low 170 exahash per second (EH/s) recorded this week, to above the 300 exahash range after a number of bitcoin mining operations from Texas temporarily went offl...
Bitfarm’s COO Geoffrey Morphy promoted to CEO
Bitcoin mining firm Bitfarm promoted Geoffrey Morphy to the position of CEO after Emiliano Grodzki resigned from the post. Morphy, who previously served as chief operating officer, will also rem...
Binance’s cloud mining affected by extreme weather conditions in North America
The severe winter storm in North America shut down Binance’s cloud mining products from Dec. 24-26, according to an official announcement on Dec. 28. As a result of the power outage, the company...
Bitcoin Miner Argo Blockchain Sells Helios Facility to Galaxy Digital for $65 Million, Galaxy to Host Argo’s ASIC Fleet in Texas – Mining Bitcoin News
After the publicly-listed bitcoin mining firm Argo Blockchain suspended trading on Nasdaq and the London Stock Exchange, the company said it would follow up the next day with an announcement. The foll...
What is browser-based cryptocurrency mining, and how does it work?
Once assumed to be extinct until its unlikely return in the latter part of 2017, browser-based cryptocurrency mining dates back to 2011 when BitcoinPlus.com launched its then-innovative service. Of co...
Mining Firm Shares Soar 120% as Company Fights Bankruptcy
The shares of embattled crypto mining firm Argo Blockchain rose 120% in London after a sale and refinancing agreement with Galaxy Digital Holdings. Argo’s stock rose to roughly $1 as investors welcome...
Canaan expects minor revenue drop in 2022 despite crypto mining crisis
Cryptocurrency mining giant Canaan continues to generate significant revenues from crypto operations despite the ongoing crypto mining crisis. Canaan’s total revenue for the first nine months of 2022 ...
Argo shares soar following $65M sale of mining facility to Galaxy digital
Struggling Bitcoin (BTC) miner Argo Blockchain sold its Helios mining facility in Texas to Galaxy Digital for $65 million and also got a $35 million loan from the company as part of the deal, accordin...
Bitcoin hash rate falls 13% in one day, mining difficulty estimated to drop 10%
Bitcoin’s (BTC) hash rate fell 13% on Dec. 27 to 202.17 EH/s from around 240 EH/s recorded on Dec. 26. It has since recovered to 234 EH/s, as of press time. Source: Glassnode The hashrate declin...
Argo Blockchain sells top mining facility to Galaxy Digital for $65M
Cryptocurrency mining firm Argo Blockchain has taken a difficult decision to sell its flagship mining facility Helios in order to survive the ongoing bear market. Argo Blockchain CEO Peter Wall offici...
20 EV stocks that could rebound the most in 2023
Even as electric-vehicle sales have been gaining traction, associated stocks have been crushed during 2022, led by Tesla. Below is a screen of stocks of companies involved in the development, producti...