Category: Mining
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Bitcoin thermocap metric shows BTC price is still in the ‘low end’ of bull cycle
Cold hard numbers are showing why Bitcoin moons and dumps — and the reasons are more straightforward than you might imagine.
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A Russian Operation Is Mining Bitcoin in the Arctic Circle for Cheap Electricity
A Russian company is leveraging the Siberian city of Norilsk located above the Arctic Circle in order to mine bitcoins. Bitcluster, the owner of the crypto mining operation, plans to expand the firm’s activities after launching the facility in late 2020. According to the company’s website, the datacenter is getting electricity rates as low as…
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Gamers are still Nvidia’s masters, but Ether miners could change that
Nvidia’s chief financial officer says the firm could restart its mining-specific line of graphics cards if demand from cryptocurrency miners increases.
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Crypto Mining Hardware Manufacturer Whatsminer Plans to Launch Public Offering in the US
One of the world’s biggest bitcoin mining machine manufacturers is preparing to go public in the United States. China-based Whatsminer is reportedly looking to obtain additional funds to buy Samsung chips with the initial public offering (IPO). Whatsminer’s Revenue Could Hit $1 to $2 Billion in 2021 According to Chinese media outlets and Asian journalist…
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Galaxy enters Bitcoin mining, launches financial services unit for miners
Mike Novogratz’s Galaxy Digital is launching its own Bitcoin mining operations and creating a new business unit dedicated to providing financial services to miners.
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Coinbase invests in US-based mining firm amid industry diversification efforts
Titan secured funding from Coinbase to offer a U.S.-developed software suite for miners.
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Pakistan to Set up Two State-Owned Bitcoin Mining Farms to Help Boost Economy
The government of Khyber Pakhtunkhwa (KP), the third largest of Pakistan’s four semi-autonomous provinces, is setting up two state-backed bitcoin mining farms, local media reported last week. Ziaullah Bangash, advisor to the chief minister of KP on Science and Information Technology, said the provincial parliament passed a bill allowing the KP government to use its…
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Proof-of-Work and Yield Farming: Binance and Poolin Launch Tokens Backed by Bitcoin Hashrate
There’s a new type of token gaining popularity in the crypto space with the launch of coins that are backed by a specific amount of proof-of-work (PoW) hashrate. On January 6, 2021, Binance launched a new project called the bitcoin standard hashrate token (BTCST), a coin that represents 0.1 terahash (TH/s). Furthermore, the mining operation…
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Rapid Profits: Bitcoin Hashrate Accelerates While Mining Difficulty Touches All-Time High
The Bitcoin network’s hashrate has been operating at very high processing speeds during the last few weeks, as the overall hashrate touched a whopping 171.2 exahash per second (EH/s) on Monday. Moreover, the network’s mining difficulty has also touched an all-time high (ATH) at 20.61 trillion, the highest difficulty the network has ever experienced in…
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Crypto mining allegedly worsening air pollution in Iran
Mining for Bitcoin may be contributing to “thick layers of toxic smog” and blackouts across many Iranian cities.