[Feb 8, 2024 6:30 PM] Tecpetrol, an Argentina-based oil and gas company, has reported the benefits of including crypto mining operations in its oil explorative activities. According to Tecpetrol CEO Ricardo Markous, including on-site vented gas generators to mine…
[Feb 8, 2024 4:30 PM] Bitcoin’s computational power soared to unprecedented heights this week, climbing to 609 exahash per second (EH/s) on Thursday, as per the seven-day simple moving average (SMA). Over the last year, figures reveal a staggering increase in…
[Feb 8, 2024 1:30 PM] After the U.S. Energy Information Administration (EIA) declared its intention to launch an urgent inquiry into the power consumption of cryptocurrency mining within the nation, two blockchain advocacy organizations have labeled the move as a…
[Feb 8, 2024 12:24 PM] The Department of Energy's statistics wing is feigning an "emergency" to attack legitimate U.S. businesses and score political points, Texas Blockchain Council President Lee Bratcher and Chamber of Digital Commerce CEO Perianne Boring write.
[Feb 6, 2024 5:00 PM] Beijing is prepared to apply a new policy to strengthen the actions to foster energy conservation in several aspects of the city’s operations, promoting carbon and pollution reduction. The plan proposes to increase the oversight level on…
[Feb 6, 2024 11:30 AM] The publicly traded bitcoin mining entity Cleanspark has unveiled plans to broaden its operational footprint into Mississippi through the purchase of three fully operational bitcoin mining sites in the area. Alongside these Mississippi locations…
[Feb 5, 2024 2:24 PM] The Bitcoin miner survey launched by the U.S. Energy Information Administration is not an innocuous information-gathering exercise. And, it could end up hurting much more than just the crypto ecosystem.
[Feb 2, 2024 10:30 AM] On Friday, Feb. 2, 2024, the Bitcoin network witnessed a significant milestone as its mining complexity metric surged by 7.33% at block height 828,576. This marked the most substantial increase in difficulty for the year thus far. The current level…
[Feb 1, 2024 10:30 AM] The U.S. Energy Information Administration (EIA) has gained clearance from the Office of Management and Budget (OMB) to conduct an urgent survey regarding electricity usage by cryptocurrency mining firms across the U.S. The EIA submitted this…
[Feb 1, 2024 9:30 AM] Bitcoin’s computing power has soared to unprecedented levels, with the seven-day simple moving average (SMA) peaking at 566 exahash per second (EH/s) as of Jan. 30, 2024. Despite experiencing a slight decline in mid-January, the…
[Jan 27, 2024 12:30 PM] Bitcoin’s cumulative hashrate witnessed notable swings starting in late December, with a pronounced decline occurring in mid-January. This decrease was primarily attributed to the severe cold in Texas, leading many miners to pause their…
[Jan 27, 2024 2:30 AM] The aggregated demand for energy from crypto, artificial intelligence (AI), and traditional data centers could double in 2026. According to a report by the International Energy Agency (IEA), the consumption growth might mean adding a country like…
[Jan 25, 2024 1:30 PM] The Los Angeles-based firm Swan Bitcoin recently revealed its covert bitcoin mining operations, initiated in the summer of 2023. The company shared on Thursday its anticipation of achieving 8 exahash per second (EH/s) by March 2024. Up to this…
[Jan 25, 2024 11:30 AM] Cryptocurrency miners might be disconnected for up to 500 hours per year in Russia, according to a proposal supported by the State Duma Energy Committee to tackle the energy deficit in some regions. The initiative would be an alternative to…
[Jan 25, 2024 11:11 AM] Today, BTC-only exchange Swan Bitcoin unveiled its new mining division, Swan Mining, which was previously operating in stealth mode, according to a press release sent to Bitcoin Magazine. The division is now positioned under Swan…
[Jan 25, 2024 11:00 AM] The mining business aims to reach 8 EH/s mining power and already has 4.5 EH/s operational after starting the unit in the summer of 2023.
[Jan 25, 2024 10:30 AM] In a recent disclosure to the U.S. Securities and Exchange Commission (SEC), Canaan, a publicly traded manufacturer of bitcoin mining rigs, announced it has secured $50 million through the sale of preferred shares. This follows a successful…
[Jan 24, 2024 4:00 PM] On Wednesday, Bitfarms, a bitcoin mining enterprise listed on the U.S. stock market, revealed the successful acquisition of a new site in Yguazu, Paraguay, earmarked for a 100 megawatt (MW) mining facility. This development is part of…
[Jan 24, 2024 2:00 AM] Daniel Batten, co-founder of CH4 Capital, reported that bitcoin mining has reached all-time high levels of sustainable energy usage and emissions mitigation. According to Batten, 54.5% of the energy used for this activity is sustainable, and the…
[Jan 21, 2024 4:00 PM] In September 2022, Bitcoin’s SHA256 algorithm ranked as the seventh most lucrative proof-of-work (PoW) network for mining. Fast forward a year and four months, and this algorithm has ascended to become the third most profitable crypto…
[Jan 20, 2024 3:00 PM] On Saturday, the Bitcoin network experienced its first difficulty reduction of the year, witnessing a 3.9% decrease at block height 826,560. As a result, the network’s mining difficulty now stands at 70.34 trillion, with the next adjustment…
[Jan 20, 2024 9:00 AM] Recent statistics reveal that for the past 75 days, starting from Nov. 6, 2023, the average transaction fee on the Bitcoin network has consistently stayed over $5. Additionally, since Dec. 4, 2023, these fees have predominantly been over $10, with…
[Jan 18, 2024 10:30 AM] As Texas grapples with unexpected subzero temperatures, the state’s bitcoin mining operations have shut down due to high energy demand. This has freed up much needed electricity capacity in the state, while also leading to a sharp drop in the…
[Jan 17, 2024 10:30 PM] Core Scientific has received the go-ahead from bankruptcy court for its reorganization, paving the way for the bitcoin mining giant to relist its shares on Nasdaq. Core Scientific Set for a Major Turnaround Core Scientific, Inc., a major bitcoin…
[Jan 10, 2024 8:30 AM] Phoenix Group, a bitcoin mining and blockchain infrastructure company, recently disclosed its acquisition of $187 million in application-specific integrated circuit (ASIC) bitcoin mining rigs. The purchase was made from Bitmain, one of the leading…
[Jan 9, 2024 11:00 AM] As of Jan. 9, 2024, fewer than 15,000 blocks remain before the fourth Bitcoin halving event. This milestone will halve the block reward from 6.25 to 3.125 bitcoins per block. Expected to occur in April 2024, this event will render bitcoin…
[Jan 9, 2024 7:46 AM] The bitcoin mining firm Cleanspark, listed on Nasdaq, recently revealed the acquisition of 60,000 S21 miners produced by Bitmain. Scheduled for delivery in the next quarter, this purchase represents approximately 12 exahash per second (EH/s) of…
[Jan 7, 2024 12:30 PM] As the first week of 2024 concluded, Bitcoin’s hashrate shattered another lifetime high on Jan. 6, achieving an unprecedented 549 exahash per second (EH/s). Though the hashrate dipped post-Dec. 25, 2023, falling from 546 EH/s to a low of 510…
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