Category: Bitcoin Mining

Marathon Buys Additional 10,000 Antminers to Become Largest US Bitcoin Miner

Nasdaq-listed Marathon Patent Group is buying 10,000 of the more efficient Antminer S19 Pro bitcoin miners from Bitmain in a deal worth millions of dollars. ▪ Marathon said the deal would boost the company’s operations to 23,560 next-generation miners, “making it the largest self-miner in North America”. ▪ When fully installed, the new machines will…

October 27, 2020
‘A Race Toward Zero’: With Hashrate in the Clouds, Bitcoin Mining Is Less Profitable Than Ever

ASIC financing has driven Bitcoin’s hashrate to all time highs in 2020. By consequence, Bitcoin is less proftiable to mine than ever.

October 27, 2020
New Siberian Bitcoin mining center set to provide 100 jobs to locals

13.6 acres of cold and barren land in Siberia will be put to good use with the support of international investors.

October 27, 2020
How to build a crypto mining rig in 2020 to earn Bitcoin and Ether

Mining with home rigs is back, so here’s what those interested need to know to put together their own rig at home.

October 25, 2020
Video: Fresh Competition Is Shaping The Bitcoin Mining Hardware And Pool Landscape

Always a sector to watch, the Bitcoin mining space is host to several narratives that are worth a closer look today, as fresh capital and competition enter the market. Among these are the geographic distribution of hash power, mining hardware hierarchy and mining pool offerings. On this episode of Bitcoin Magazine’s “Bitcoin In Asia,” Nishant…

October 19, 2020
Introducing CBPI: A New Way To Measure Bitcoin Network Electrical Consumption

There have been many claims in recent years that bitcoin and the miners securing the network via SHA-256 proof of work use an unconscionable amount of energy. But what data are these claims based on, are the source calculations using flawed or sound approaches and assumptions? How much electrical power does the network draw and…

October 19, 2020
Bitcoin mining’s future is green, and Russia has the best chance

Despite unclear crypto regulations in the country, Russia may become the leader in sustainable crypto mining.

October 18, 2020
This New Service Plays Matchmaker Between Solo Miners, Big Mining Farms

Compass by HASHR8 matches individual miners with mining farms to host their hardware.

October 16, 2020
Bitcoin Mining Rigs Struggle for Profits, Despite BTC’s Hashrate Reaching an All-Time High

Bitcoin’s hashrate climbed to an all-time high (ATH) this week touching 166 exahash per second (EH/s) on October 14. Meanwhile, despite the recent price rise and hashrate ATH on Wednesday, only a small group of next-generation mining rigs are profiting at current bitcoin exchange rates. The price of bitcoin (BTC) is hovering just above the…

October 15, 2020
Bitcoin Miner Marathon Agrees to Deal That Cuts Electricity Costs by 38% With US Power Company

Nasdaq-listed Marathon Patent Group has agreed to a joint venture deal with U.S. independent power producer Beowulf Energy to deliver cheap electricity for its bitcoin mining operations in the country’s north. In a statement on Tuesday, Marathon said that it will co-locate a bitcoin mining facility within Beowulf’s Big Horn Data Hub at its 105-megawatt…

October 14, 2020