Tag: mining
Everything you need to know about crypto mining.
FoundationLogic Unveils Silent Home Miner at Mining Disrupt 2024
Reading Time: 3 minutesSingapore, Singapore, 4th July 2024, Chainwire
Bitfarms Mines 21% More Bitcoins in June
Reading Time: < 1 minuteAs Bitfarms faces a potential takeover bid from Riot Platforms, the company’s mining operations have been steadily recovering since the Bitcoin halving in April.
T-Mobile Parent Company Deutsche Telekom to Mine Bitcoin
Reading Time: < 1 minuteTelecommunications giant Deutsche Telekom, owner of T-Mobile, may soon enter the world of Bitcoin mining.
Trump Wants Bitcoin to Be Mined in the US
Reading Time: < 1 minuteFormer US President Donald Trump showed his support for bitcoin mining during a meeting with several bitcoin miners at his Mar-a-Lago resort on Tuesday night.
Bitfarms Mining Revenue Falls 45%
Reading Time: < 1 minuteBitcoin mining firm Bitfarms has released its latest monthly production data, shedding light on how the Bitcoin halving has affected its profitability and raising concerns about potential consolidation in the industry.
Bitnomial and Luxor Roll Out a Bitcoin Mining Derivatives Product
Reading Time: < 1 minuteLuxor Technology Corporation and Bitnomial Inc. have teamed up to launch a new Bitcoin mining derivative product on Bitnomial’s United States derivatives exchange.
Venezuela Bans Crypto Mining
Reading Time: < 1 minuteThe Ministry of Electricity in Venezuela has announced plans to disconnect all cryptocurrency mining farms from the national electric system in order to control energy demand.
Bitfarms Fires its CEO
Reading Time: < 1 minuteMining company Bitfarms has expedited the termination of CEO Geoffrey Morphy following his decision to sue the company, according to a recent press release.
Bitcoin Mining Difficulty Falls by More Than 5%
Reading Time: < 1 minuteDue to the latest recalculation, the difficulty of mining the leading cryptocurrency dropped by 5.63% to 83.15T. This decrease is the most significant since December 2022.
A Solo Miner Solves a Valid Block and Wins 3.125 BTC Reward
Reading Time: < 1 minuteA lone Bitcoin miner has accomplished a remarkable feat by solving a Bitcoin block on their own, earning the full 3.125 Bitcoin block reward.
SEC Files Lawsuit Against Crypto Mining Firm Geosyn
Reading Time: < 1 minuteThe US Securities and Exchange Commission has filed a lawsuit against Geosyn Mining and its co-founders, accusing them of defrauding investors out of $5.6 million.
PayPal Makes Proposal to Incentivize Green Crypto Mining
Reading Time: < 1 minutePayPal is offering incentives to bitcoin miners who proactively work towards reducing the environmental impact of their operations.
Coinify CEO Says Bitcoin Mining Will Become Unprofitable After Tomorrow’s Halving
Reading Time: < 1 minuteCEO of Coinify, Ricky Stier, has cautioned miners that they may face unprofitable mining operations after the halving and urges them to review their strategies to stay productive.
Sweden Tax Authority Requests $90M from Crypto Miners
Reading Time: < 1 minuteThe Swedish tax authority, Skatteverket, has recently uncovered instances of underpayment by mining companies totalling nearly 1 billion kroner (over $90 million).
Miners Could Sell Off a Large Number of Bitcoins After Halving
Reading Time: < 1 minuteAccording to a market analyst, in the months following the halving, there could be a large decrease in the number of Bitcoins held by miners.
Paraguay Halts Bitcoin Mining Prohibition
Reading Time: < 1 minuteParaguayan officials are grappling with the issue of whether to impose a ban on cryptocurrency mining in the country, with some senators proposing alternative solutions.
Core Scientific Releases Q4 2023 Results
Reading Time: < 1 minuteCrypto mining company Core Scientific has released its Q4 2023 results, revealing a decrease in year-on-year revenue and a significant reduction in net losses.
Riot Platforms: Chip Shortage Can Affect Business
Reading Time: < 1 minuteDue to the ongoing global semiconductor shortage and the need to increase mining productivity, Riot Platforms’ financial condition may be negatively affected.
Bitcoin Miner Reserves Fall to July 2021 Levels: Report
Reading Time: < 1 minuteCryptoQuant analysts have observed a decrease in digital gold reserves available to miners, reaching levels similar to those in July 2021.
Mining Hardware Firm Canaan Raises $50M
Reading Time: < 1 minuteCanaan, a mining hardware company, successfully raised $50 million through the sale of convertible preferred shares.
Marathon Mined Almost 2,000 BTC in December
Reading Time: < 1 minuteIn January, Marathon Digital Holdings announced that they had mined a record-breaking number of coins, specifically 1853 BTC, in December 2023.
Phoenix Group Closes a $380M Deal with Miner MicroBT
Reading Time: < 1 minutePhoenix Group has announced a contract worth $380 million with MicroBT, the manufacturer of Whatsminer-branded Bitcoin mining devices.
Tether is Investing in Mining Infrastructure in Latin America
Reading Time: < 1 minuteTether’s CEO Paolo Ardoino has discussed the company’s plans to invest in mining projects in Latin America.
Miner BTC Digital Acquires 220 ASIC Devices
Reading Time: < 1 minuteBTC Digital, a company listed on the Nasdaq exchange, formerly known as Meten Holding, has announced the acquisition of 220 Antminer S19j Pro ASIC miners.
A Solo Miner Mines a BTC Block
Reading Time: < 1 minuteA solo miner with a hashrate of 11 PH/s mined block #814,308 on the Bitcoin blockchain on October 29.
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