17 / 41 Relevant items tagged with #MINING
Posts: 1,221
Posts
Jack Dorsey’s Block announces development of ‘full Bitcoin mining system’
[Apr 23, 2024 1:46 PM] The Block — then Square — CEO initially suggested the idea of a collaborative approach to decentralize Bitcoin mining in October 2021.
Paypal Promotes Low-Carbon Bitcoin Mining With New Research Paper
[Apr 23, 2024 9:26 AM] Paypal, in collaboration with Energy Web and DMG Blockchain Solutions Inc., has introduced an approach to promote environmentally sustainable practices in bitcoin mining. This research-backed initiative encourages miners to utilize low-carbon…
Post-Halving Fallout: Bitcoin Hashprice Slides 30%, Miners’ Earnings Hit
[Apr 23, 2024 6:36 AM] Following a peak in onchain fees, bitcoin miners experienced a significant decline in the hashprice, which fell from a daily rate of $114 per petahash on Sunday to a markedly lower $79 per petahash by Tuesday. To date, the network’s hashrate…
Bitcoin Miner Hut 8’s Post-Merger Prospects Look Good: Benchmark
[Apr 22, 2024 8:07 AM] The new Hut 8 (HUT), resulting from the merger with US Bitcoin Corporation (USBTC) that closed last November, features a diversified business model with multiple revenue streams, broker Benchmark said in a research report on Monday.
Bitcoin Miners May Shift Focus to AI After Halving, CoinShares Says
[Apr 22, 2024 1:54 AM] Miners will be faced with substantial cost increases as a result of the halving, with electricity and bitcoin production costs almost doubling, the report said.
Chinese Embassy Advises Citizens in Angola to Avoid Crypto Mining
[Apr 21, 2024 11:33 PM] The Chinese Embassy in Angola has cautioned its citizens residing in the African nation to refrain from mining cryptocurrencies, as this activity is now considered a criminal offense. The embassy has also urged its citizens to be vigilant of…
Bitcoin Miner Rewards Shrink Below Pre-Halving Levels as Network Fees Fall Sharply
[Apr 21, 2024 9:48 AM] After experiencing a period of high fees, onchain transfer costs on the Bitcoin network have decreased significantly. On Friday, the fees peaked at $240 per transaction, but by now they have fallen to just $11.06 each. Since reaching block height…
93 Blocks, $71 Million in Fees: Bitcoin Mining Revenue Booms Post-Halving
[Apr 20, 2024 1:19 PM] Since the halving, miners have successfully extracted 93 blocks, accumulating a significant 1,087.99 bitcoins valued at approximately $71.04 million solely from transaction fees. As of 2:00 p.m. EDT on Saturday, the current metrics indicate a…
The Bitcoin Halving Is Here, and With It a Giant Surge in Transaction Fees
[Apr 19, 2024 6:16 PM] Soccer has the World Cup. Athletics and many other sports have the Olympics. Crypto has the halving. The milestone in the blockchain's 15-year history technically means a cut in rewards for crypto miners with each block – a feature designed to…
Foundry to Isolate and Monetize Bitcoin Halving’s ‘Epic Satoshi,’ Distributing Earnings Among Pool Members
Bitcoin Miners Ramp Up Hashrate as Halving Nears, Network Hits 653 EH/s Record
[Apr 19, 2024 7:44 AM] Just before the upcoming block reward halving, with only 72 blocks left until reaching block height 840,000, bitcoin miners have significantly boosted their hashrate. As of 8:50 a.m. EDT on April 19, 2024, the hashrate soared to a record 653…
This Bitcoin Halving Is Different. But Is It 'Priced In'?
[Apr 18, 2024 2:38 PM] Institutions launching Bitcoin ETFs this year have buoyed the bitcoin price to record levels. Does that mean the impact of the halving — the four-year slashing of the bitcoin reward — will be relatively muted this time, as any pontential bump is…
Recent Analysis Shows Common Transaction Patterns Among Several Bitcoin Mining Pools
[Apr 18, 2024 2:15 PM] A comprehensive X thread by Bitcoin developer and observer 0xB10C has uncovered that several prominent bitcoin mining pools are using identical block templates and transaction prioritization methods, mirroring those of Antpool. This revelation…
Crypto for Advisors: Bitcoin’s Supply Reduction
[Apr 18, 2024 10:00 AM] What does Bitcoin’s fourth halving mean, and why does it matter?
Bitcoin Miners Remain Optimistic About Future Despite Anticipated Revenue Loss
[Apr 18, 2024 5:16 AM] Although Bitcoin’s halving is expected to result in reduced block rewards for miners, several CEOs of bitcoin mining firms maintain a bullish outlook. In addition to investing in more efficient equipment, miners believe spot bitcoin exchange-traded…
Tether Reorganizes Into 4 Divisions as It Expands Beyond Stablecoins
[Apr 18, 2024 5:15 AM] The company has formed four divisions to reflect its broadening focus: Data, Finance, Power and Edu(cation).
Bitmain Sets Release for L9 Miner, Promising ‘Unchallenged’ Efficiency in Scrypt Mining
[Apr 17, 2024 1:37 AM] According to the application-specific integrated circuit (ASIC) mining rig manufacturer Bitmain, the firm is gearing up to introduce its latest Scrypt miner. The L9, which boasts a hashrate of up to 16,200 megahash per second (MH/s) and energy…
Norway to Target Cryptocurrency Mining Through Data Center Regulation
[Apr 16, 2024 7:31 PM] Norway has recently announced its intention of enacting a data center-focused law, which seeks to exert more control over the operations performed at these locations. One of the objectives behind this move would be to crack down on data centers…
Core Scientific Set to Boost Texas Mining Facility by 72 MW Ahead of Bitcoin Halving
[Apr 16, 2024 1:27 PM] With just over three days remaining until the halving, Core Scientific has announced its plans to enhance its Texas mining facility by an additional 72 megawatts. This project is scheduled for completion by the end of the second quarter of 2024…
Miners Race to Discover Block 840,000 as Bitcoin Halving Nears
[Apr 16, 2024 9:13 AM] Many enthusiasts in the Bitcoin community were anticipating the next halving to coincide with Saturday, April 20, 2024, but the latest data suggest it will likely occur a day earlier, on April 19. Despite a recent uptick in mining difficulty…
Short Sellers Target Bitcoin Miners as Reward Halving Nears, $2 Billion at Stake
[Apr 15, 2024 8:24 AM] A recent report highlights that the collective short interest in stocks from 15 bitcoin mining companies has approached the $2 billion mark. The performance of these mining stocks has declined compared to their stronger start earlier this year…
Norway Wants to Restrict Crypto Mining by Regulating Data Centers, Lawmakers Say: Report
[Apr 15, 2024 7:24 AM] Energy-intensive crypto mining is an example of a type of business not wanted in Norway, Minister for Energy Terje Aasland reportedly said.
Severe Impact Expected for Miners With Outdated Hardware in Upcoming Bitcoin Halving
[Apr 13, 2024 7:33 AM] Following the downturn in bitcoin’s price on Friday, the hashprice of bitcoin has declined from slightly above $119 per petahash per second to marginally over $116 per PH/s on a daily basis. Should the prices remain low leading up to the…
Paraguayan Senate Supports Selling Power to Crypto Mining Companies, Criticizes Subpar Energy Agreements With Brazil
[Apr 12, 2024 11:30 PM] The Paraguayan Senate has approved a resolution supporting selling the country’s energy surplus to crypto mining companies, given the price and guarantees that these institutions offer. The declaration criticizes the subpar agreements that…
A Single Custodian Oversees Nearly Half of Bitcoin’s Block Rewards
[Apr 12, 2024 3:32 PM] Onchain data indicates that a single custodian now manages the coinbase addresses for at least nine prominent mining pools, which collectively account for 47% of Bitcoin’s total hashrate. The analysis shows that substantial miners’…
Report: Bitcoin Miners Strengthen Reserves Ahead of Fourth Halving
[Apr 12, 2024 12:14 PM] As we near the anticipated fourth Bitcoin halving event, there are only 1,133 blocks left until we reach block 840,000, with the milestone expected to occur in about a week. Recent data from theminermag.com’s Miner Weekly on Thursday shows…
Cleanspark to Upgrade Mining Fleet With 100,000 S21 Pro Bitcoin Miners From Bitmain
[Apr 12, 2024 8:39 AM] The publicly traded bitcoin mining company Cleanspark has exercised its option to acquire 100,000 bitcoin mining machines from Bitmain. The firm initially secured the option last year, and the agreement has now been enhanced to include the latest…
Australian Court Hands Over $41 Million of Crypto Held by Blockchain Mining Group at Regulator's Request
[Apr 12, 2024 5:25 AM] An Australian federal court agreed to a petition by markets regulator ASIC to hand over some US$41 million in digital assets invested by over 450 Australians with the mining companies to specialists from advisory and restructuring company…
Bitcoin Difficulty and Hashrate Reach Record Highs as Halving Draws Closer
[Apr 11, 2024 7:43 AM] Bitcoin’s network difficulty climbed to an unprecedented peak on April 10, 2024, at block height 838,656, increasing by 3.92% to reach 86.39 trillion. This escalation in difficulty will make it increasingly challenging to mine blocks as the…