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Tag: Rigs
Hut 8 Purchases 5,800 Mining Rigs to Improve Productivity in Ontario
Hut 8, a Bitcoin mining company based in Canada, announced on Wednesday that it has bought 5,800 mining machines for its Ontario facility. With the latest purchase, these mining rigs to its fleet at i...
Isn’t it strange that Bitmain started selling new ETH mining rigs, despite the upcoming merge?
The merge would shift Ethereum network from Proof-of-work to proof-of-stakes, but Bitmain is still upto selling ETH ASIC. Cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and others need to get mi...
Decrease in demand for crypto mining rigs affected GPU prices
Data shows GPU prices have continuing to travel down recently as Ethereum mining profits are observant of a decline. Knowledge from the technical school outlet Tom’s Hardware suggests graphics cards p...
It is time for Intel to execute crypto mining rigs
Intel has begun shipping its cryptocurrency-mining “Blockscale” ASIC slightly prior schedule, and also the temporal order couldn’t be additional unfortunate as digital currency values still plummet. R...
Iranian government to cut power supply for the country’s legal crypto mining rigs
According to local news outlet Arz Digital, the day prior, Rajabi Mashhadi, a spokesperson for Iran’s Ministry of Energy, said that the entity would be cutting the power supply to all of the cou...
How Older Bitcoin (BTC) Mining Rigs are Failing to Earn a Profit
During the current crypto market downturn, older Bitcoin (BTC) mining rigs are failing to earn a profit. Even if the Bitcoin price drops by another 50%, new generation Bitcoin mining rigs will remain ...
CleanSpark Orders Purchases of New Bitcoin Mining Rigs to Survive Bear Market
Nevada-based bitcoin mining firm CleanSpark, Inc, announced on Thursday that it has placed a purchase order for 1800 Antminer S19 XP units as it continues expanding its infrastructure. Once fully depl...
Old Bitcoin mining rigs risk ‘shutdown’ after BTC price slips under $24K
Older Bitcoin (BTC) mining rigs are finding it difficult to generate positive revenues during the ongoing crypto market decline. 75% drop in Bitcoin mining profitability The profitability of many Appl...
Crypto Miner Hive Had to Sell Ether (ETH) in Major Quantity to Buy Bitcoin Mining Rigs
Bitcoin miner Hive said that it has grown its hashrate by 8% during the month of May and mined 273.4 Bitcoins last month. Amid the major crash in the price of Bitcoin and the broader crypto market, cr...
Argo Blockchain to Build Intel-Based Bitcoin Mining Rigs With ePIC Blockchain
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Bitcoin Price Slips, Mining Rigs Getting Ancient And Giving Out Less Profits
Mining a Bitcoin block became a seamless process for the miners now as some miners are now dropping out of the network to cut down their losses. Recently on May 25, the Bitcoin mining difficulty slipp...
Bit Digital Hosting Partners Prompted To Take Over 4k Mining Rigs Offline Amid Flaming Havoc
New York based Bit Digital reported that two of its hosting partners took down operation amid a power disturbance. The damage from the fire and explosion did not directly impact any mining...
Will Bitcoin mining rigs Heat Vancouver Next Year?
The city of Vancouver would soon be diving into the future. New York will be tracing the steps of the Chinese route and cutting its connection to its other industry, Vancouver believes in making use o...
Bitcoin Mining Rigs Could Heat Vancouver Homes Next Year. Take That, ESG FUD
The city of Vancouver could soon take a step into the future. As New York is about to take the Chinese route and cut itself from yet another industry, Vancouver considers “using an unconventional meth...
Argo Blockchain Borrows $70M From NYDIG to Buy Mining Rigs
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Fort Worth is Now the First City Hosting BTC Mining Rigs in the U.S. – crypto.news
After authorizing the plan to begin mining bitcoin as part of a new pilot project on Tuesday, Fort Worth has teamed up with Texas Blockchain Council(TBC) to put the plan of BTC Mining rigs into action...
CleanSpark Borrows Against Bitcoin Mining Rigs to Get $35M for More Mining Rigs
Bitcoin miner CleanSpark has agreed to borrow up to $35 million from Trinity Capital to purchase more mining equipment. The three-year financing agreement has been secured by 3,336 new S19j Pro Bitcoi...
Why Are Bitcoin Mining Rigs In A Downward Spiral
Data shows the prices of Bitcoin mining rigs have been going down for a while now as profitability for miners has been observing a shrink. Cost Of Bitcoin Mining Rigs Has Been On A Downward Spiral Rec...
Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design – Coinotizia
Following Bitmain’s product introduction of two new application-specific integrated circuit (ASIC) bitcoin mining rigs, the mining devices manufacturer Microbt has announced the launch of two new mine...
Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design – Mining Bitcoin News
Following Bitmain’s product introduction of two new application-specific integrated circuit (ASIC) bitcoin mining rigs, the mining devices manufacturer Microbt has announced the launch of two new mine...
Ethereum Dev Says The Merge Could Be Delayed a Few Months, ‘Strongly Suggests’ Not Investing in ETH Mining Rigs – Bitcoin News
According to Ethereum developer Tim Beiko, The Merge is likely to be pushed to the third quarter of 2022. Despite the delay, Beiko also said he “strongly suggests not investing more in mining equipmen...
China Cracks Down On Illegal Bitcoin Miners; Seizes Over 3500 Rigs
China is known for being very vocal against the use of cryptocurrency and its mining. Once a Bitcoin mining powerhouse, the country is now cracking down on crypto by seizing equipment and raising elec...
MicroBT unveils new series of Whatsminer bitcoin mining rigs
MicroBT announced its latest generation of bitcoin miners, the M50 series, which includes the M50, the M50s and the M53. MicroBT COO Jordan Chan said in a recorded message during the Bitcoin 2022 conf...
Marathon Digital to Move Mining Rigs From Coal-Powered Montana Site
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Northern Data’s Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds $168M in Crypto Assets – Mining Bitcoin News
On April 4, the bitcoin mining operation Northern Data published its financial statements and noted that the company’s mining fleet had grown by approximately 21,000 machines by the end of March 2022....
7 Wild Bitcoin Mining Rigs
This has potential to be the wildest rig in history. El Salvador’s bitcoin-happy president, Nayib Bukele, announced that its Conchagua volcano, which emits geothermal energy, would soon power a bitcoi...
Bit Digital Has Deployed 39% of Its Crypto Mining Rigs in North America
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...