Tag: mining
Everything you need to know about crypto mining.
Venezuela Bans Crypto Mining
Reading Time: < 1 minuteThe Ministry of Electricity in Venezuela has announced plans to disconnect all cryptocurrency mining farms from the national electric system in order to control energy demand.
Bitfarms Fires its CEO
Reading Time: < 1 minuteMining company Bitfarms has expedited the termination of CEO Geoffrey Morphy following his decision to sue the company, according to a recent press release.
Bitcoin Mining Difficulty Falls by More Than 5%
Reading Time: < 1 minuteDue to the latest recalculation, the difficulty of mining the leading cryptocurrency dropped by 5.63% to 83.15T. This decrease is the most significant since December 2022.
A Solo Miner Solves a Valid Block and Wins 3.125 BTC Reward
Reading Time: < 1 minuteA lone Bitcoin miner has accomplished a remarkable feat by solving a Bitcoin block on their own, earning the full 3.125 Bitcoin block reward.
SEC Files Lawsuit Against Crypto Mining Firm Geosyn
Reading Time: < 1 minuteThe US Securities and Exchange Commission has filed a lawsuit against Geosyn Mining and its co-founders, accusing them of defrauding investors out of $5.6 million.
PayPal Makes Proposal to Incentivize Green Crypto Mining
Reading Time: < 1 minutePayPal is offering incentives to bitcoin miners who proactively work towards reducing the environmental impact of their operations.
Coinify CEO Says Bitcoin Mining Will Become Unprofitable After Tomorrow’s Halving
Reading Time: < 1 minuteCEO of Coinify, Ricky Stier, has cautioned miners that they may face unprofitable mining operations after the halving and urges them to review their strategies to stay productive.
Sweden Tax Authority Requests $90M from Crypto Miners
Reading Time: < 1 minuteThe Swedish tax authority, Skatteverket, has recently uncovered instances of underpayment by mining companies totalling nearly 1 billion kroner (over $90 million).
Miners Could Sell Off a Large Number of Bitcoins After Halving
Reading Time: < 1 minuteAccording to a market analyst, in the months following the halving, there could be a large decrease in the number of Bitcoins held by miners.
Paraguay Halts Bitcoin Mining Prohibition
Reading Time: < 1 minuteParaguayan officials are grappling with the issue of whether to impose a ban on cryptocurrency mining in the country, with some senators proposing alternative solutions.
Core Scientific Releases Q4 2023 Results
Reading Time: < 1 minuteCrypto mining company Core Scientific has released its Q4 2023 results, revealing a decrease in year-on-year revenue and a significant reduction in net losses.
Riot Platforms: Chip Shortage Can Affect Business
Reading Time: < 1 minuteDue to the ongoing global semiconductor shortage and the need to increase mining productivity, Riot Platforms’ financial condition may be negatively affected.
Bitcoin Miner Reserves Fall to July 2021 Levels: Report
Reading Time: < 1 minuteCryptoQuant analysts have observed a decrease in digital gold reserves available to miners, reaching levels similar to those in July 2021.
Mining Hardware Firm Canaan Raises $50M
Reading Time: < 1 minuteCanaan, a mining hardware company, successfully raised $50 million through the sale of convertible preferred shares.
Marathon Mined Almost 2,000 BTC in December
Reading Time: < 1 minuteIn January, Marathon Digital Holdings announced that they had mined a record-breaking number of coins, specifically 1853 BTC, in December 2023.
Phoenix Group Closes a $380M Deal with Miner MicroBT
Reading Time: < 1 minutePhoenix Group has announced a contract worth $380 million with MicroBT, the manufacturer of Whatsminer-branded Bitcoin mining devices.
Tether is Investing in Mining Infrastructure in Latin America
Reading Time: < 1 minuteTether’s CEO Paolo Ardoino has discussed the company’s plans to invest in mining projects in Latin America.
Miner BTC Digital Acquires 220 ASIC Devices
Reading Time: < 1 minuteBTC Digital, a company listed on the Nasdaq exchange, formerly known as Meten Holding, has announced the acquisition of 220 Antminer S19j Pro ASIC miners.
A Solo Miner Mines a BTC Block
Reading Time: < 1 minuteA solo miner with a hashrate of 11 PH/s mined block #814,308 on the Bitcoin blockchain on October 29.
Sazmining Unveils Green Bitcoin Farm in Paraguay
Reading Time: < 1 minuteAmerican mining company Sazmining has set up a Bitcoin mining facility in Paraguay that is solely powered by renewable energy.
US Authorities Concerned About China’s Mining Firms: Media
Reading Time: < 1 minuteChinese mining companies operating in the US have raised concerns over national security. The New York Times reported on this issue, citing sources from the US government.
Iris Energy to Spend Almost $20M to Expand Miners Fleet
Reading Time: < 1 minuteAustralian mining company Iris Energy has announced a 25% increase in its Bitcoin mining capacity, from 5.6 EH/s to 7 EH/s, after acquiring new miners from Bitmain.
Bitmain Could Be Experiencing Financial Problems
Reading Time: < 1 minuteJournalist Colin Wu has reported that Bitmain, the largest manufacturer of mining equipment, did not fully pay salaries to its employees in September.
JPMorgan: The Cost of Mining 1 BTC is $18K
Reading Time: < 1 minuteJPMorgan experts have revised estimates regarding the cost of mining 1 BTC; previously estimated at $21,000, they have lowered it to $18,000.
Canaan Suspends Mining Activities in Kazakhstan
Reading Time: < 1 minuteUnfortunately, Kazakhstan has had tightening regulations on this industry and Canaan had to suspend the operations of their enterprises there.
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