Category: Mining

The challenges of large-scale crypto mining

It’s the question every business asks at some point: How do I scale? But crypto mining isn’t just any other business and comes with its own set of scaling issues to consider. You can try scaling alone, but you’ll be spending more time tinkering with cooling systems and software than productively mining. Wasted time like…

November 6, 2020
Bitcoin miner revenue surges to pre-halving levels

Miners are likely starting to sell some BTC at this point.

November 6, 2020
How Bitcoin Shakes The Energy Industry

On August 28, 2020, oil and gas giant Equinor announced that it would be cutting its future flared gas volumes and bringing waste-gas to market by generating electricity and mining on the Bitcoin network. Equinor’s plans involve partnering with Denver-based firm Crusoe Energy Systems – Digital Flaring Technology. Five months before Equinor’s announcement (on March…

November 5, 2020
Crypto mining is now drawing in the world’s top renewables producers

At what point will greening crypto energy consumption be enough?

November 5, 2020
Bitfury forms MaaS partnership to upgrade $35M Norway data center

The crypto mining firm’s 42-megawatt data center near Mo i Rana is reportedly already powered by 100% renewable energy.

November 4, 2020
Is Iran Becoming A Bitcoin Nation?

Late last month, Iran Daily, the official newspaper of the country’s government, reported that the administration had amended its cryptocurrency legislation to make digital assets “exclusively used for funding imports at a time of increased pressure on the country’s normal use of hard currencies.” In practice, this means that bitcoin and other cryptocurrencies that are…

November 4, 2020
Bitcoin Network’s Mining Difficulty Sees Largest Epoch Drop Since 2011

Bitcoin’s mining difficulty saw the second-largest drop in history on Tuesday, as the difficulty dropped to 16.78 trillion, losing a touch over 16% since last week’s all-time difficulty high. The last time bitcoin’s mining difficulty dropped so low was in October 2011, when it lost around 18%. Since the large difficulty drop took place, the…

November 3, 2020
On-chain metrics indicate Bitcoin miners’ influence on the price is diminishing

Research suggests that Bitcoin miners are holding less of the asset.

November 3, 2020
Layer1 co-founder takes former business partner to court

He claims to have spent millions of his own money, only to be tossed out of the company he co-founded.

November 3, 2020
How Do Seasonal Fluctuations Really Affect Bitcoin Mining?

There has been much ado made recently over supposed seasonal mining fluctuations on the Bitcoin network. The narrative goes that, as the rainy season in China comes to a halt around the August to October timeframe each year, cheap and abundant hydroelectricity dries up. This forces many inefficient late-model miners to shut off or move…

November 3, 2020