Category: Mining
-
How Industry Financial Services Are Buoying North American Bitcoin Mining
This year, there has been a concerted effort among Bitcoin mining pools and facilities based in North America to contribute a higher proportion of the Bitcoin network’s overall hash rate from the continent, providing critical decentralization to this system. But this has not been without its challenges. The Bitcoin mining environment is one with high…
-
Crypto Mining Crisis in Abkhazia Worsens After Power Substation Caught Fire
The crypto mining crisis in Abkhazia is closely reaching its boiling point following the burnout of a power substation amid the refusal of both illegal and legal crypto miners to slow down their operations in the state. Crypto Mining Crisis Abkhazia Keeps Worsening Sputnik Abkhazia has reported that an incident happened over the weekend, specifically…
-
Jack Dorsey’s Square commits $10M to green energy for Bitcoin mining
The new Bitcoin Clean Energy Investment Initiative will aim to make mining more eco-friendly.
-
Clocking Terahash: Three Next-Generation Bitcoin Mining Rigs Launched During the Last Quarter
Just recently, the China-based bitcoin mining rig manufacturer Microbt released a new ASIC device that clocks up to 112 terahash per second (TH/s). The new machine is one of the top-performing mining rigs on the market, according to today’s network difficulty and electrical rates below $0.06 per kilowatt-hour (kWh). Meanwhile, bitcoin mining rig manufacturing competitors…
-
Bitcoin’s Rise Causes Shortage of Mining Rigs, Most Units Sold Out, Miners Concerned About Supply
While the bitcoin economy has swelled in value, the overall network hashrate has gradually climbed higher as miners are making a lot of money confirming blocks. However, obtaining bitcoin mining rigs isn’t so easy these days, and regional reports from China indicate a great number of ASIC manufacturers are sold out for months. Moreover, because…
-
Argo Reports 23% Monthly Revenue Increase, With 2,369 Bitcoin Mined Since January
Bitcoin miner Argo Blockchain reported Thursday that revenue climbed 23% to £1.48 million ($1.98 million) in November compared to £1.2 million ($1.6 million) the previous month. ● The London Stock Exchange-listed firm mined less bitcoin (BTC) in November (115 BTC) than it did in October (126 BTC) “due to changes in mining difficulty”, but bitcoin’s…
-
One of Pakistan’s four provinces urges federal gov’t to legalize crypto
The draft resolution reportedly notes that digital currencies are likely to replace paper currencies in the future.
-
Oldest Bitcoin mining pool ‘immortalizes’ bullish Reuters headline
Slush Pool encoded a Reuters headline in an apparent nod to the Bitcoin genesis block, which contains a banner from The Times.