Tag: mining
Everything you need to know about crypto mining.
Sazmining Unveils Green Bitcoin Farm in Paraguay
Reading Time: < 1 minuteAmerican mining company Sazmining has set up a Bitcoin mining facility in Paraguay that is solely powered by renewable energy.
US Authorities Concerned About China’s Mining Firms: Media
Reading Time: < 1 minuteChinese mining companies operating in the US have raised concerns over national security. The New York Times reported on this issue, citing sources from the US government.
Iris Energy to Spend Almost $20M to Expand Miners Fleet
Reading Time: < 1 minuteAustralian mining company Iris Energy has announced a 25% increase in its Bitcoin mining capacity, from 5.6 EH/s to 7 EH/s, after acquiring new miners from Bitmain.
Bitmain Could Be Experiencing Financial Problems
Reading Time: < 1 minuteJournalist Colin Wu has reported that Bitmain, the largest manufacturer of mining equipment, did not fully pay salaries to its employees in September.
JPMorgan: The Cost of Mining 1 BTC is $18K
Reading Time: < 1 minuteJPMorgan experts have revised estimates regarding the cost of mining 1 BTC; previously estimated at $21,000, they have lowered it to $18,000.
Canaan Suspends Mining Activities in Kazakhstan
Reading Time: < 1 minuteUnfortunately, Kazakhstan has had tightening regulations on this industry and Canaan had to suspend the operations of their enterprises there.
Genesis Digital Assets Launches Three Data Centers
Reading Time: < 1 minuteGenesis Digital Assets (GDA) has recently opened three new data centers in southeast South Carolina to mine the leading cryptocurrency. The intention of the company is to take advantage of […]
Crypto Miner Auradine Launches 4 nm Miners Line
Reading Time: < 1 minuteCrypto miner Auradine has released their Teraflux brand line of devices for mining the first ever crypto using 4 nm technology chips.
800,000 Blocks Have Been Mined in the Bitcoin Network
Reading Time: < 1 minuteThe Bitcoin network yesterday reached a milestone with 800,000 blocks left until the halving. Dylan Leclerc reported that 3,721 transactions were included in the 1.64 MB block for $29,815.
Bitfinex: Crypto Miners Feel Optimistic Regarding BTC
Reading Time: < 1 minuteMining companies of BTC have been employing new strategies to reduce risks, as evidenced by recent records of large amounts of Bitcoin being sent to exchanges.
JPMorgan: Bitcoin Halving is Similar to a Stress Test for Crypto Miners
Reading Time: < 1 minuteJPMorgan strategists Nikolaos Panigirtzoglou and his team have noted that a Bitcoin halving can have a positive effect on the cryptocurrency’s price.
Mining Firm HIVE Blockchain Mined 259 BTC Last Month
Reading Time: < 1 minuteHIVE Blockchain Technologies mined 259 Bitcoins in June, bringing their reserves up to 1967 BTC.
Mining Firm Marathon Mined in June 21% Less than in May
Reading Time: < 1 minuteMarathon Digital Holdings mined 979 BTC last month, a 21% reduction from the record in May, yet a 599% year-over-year increase.
Report: Crypto Miners Send $128M to Crypto Exchanges
Reading Time: < 1 minuteCryptocurrency exchanges received $128 million worth of digital currencies, which is equivalent to 315% of miners’ daily production and set a new all-time high.
Core Scientific Asks Court to Extend Restructuring Until September
Reading Time: < 1 minuteCore Scientific has submitted a revised plan of reorganization for approval to the bankruptcy court, scheduled through to September 20 2023.
US Senator Cynthia Lummis Is Against Imposing Taxes on Crypto Miners
Reading Time: < 1 minuteCynthia Lummis, a Republican Senator, has spoken out against the proposed cryptocurrency mining tax proposed by the Joe Biden administration.
Eco-miner Soluna Attracts $14M in Latest Funding Round
Reading Time: < 1 minuteSoluna Holdings, a green data center provider for mining, has raised $14 million in investment from Navitas Global, according to a press release.
Mining Firm Bitfarms Mined 1,297 BTC in Q1 2023
Reading Time: < 1 minuteBitfarms mined 1,297 BTC with a direct cost of $12,500 per Bitcoin and an average selling price of $22,500 in the first quarter of 2023.
Crypto Miner Riot Platforms Demands $26M from Mining Firm Rhodium
Reading Time: < 1 minuteRiot Platforms has filed a lawsuit against Rhodium Enterprises for over $26 million.
Merov Introduces a Suite of Services for the Bitcoin Mining Industry
Reading Time: 2 minutesSalem, Oregon, May 15th, 2023, Chainwire Merov is proud to announce the launch of its comprehensive suite of services designed for the Bitcoin mining industry. The suite of services includes […]
Mining Firm Hut 8 Mined 132 BTC Last Month
Reading Time: < 1 minuteHut 8 Mining, a Canadian mining company, has reported that it had mined 132 BTC in April, bringing its total reserve of BTC to 9,265.
US State of Montana Introduces Bill to Protect Bitcoin Miners from Discriminatory Rates
Reading Time: < 1 minuteMontana Governor Greg Gianforte has signed Senate Bill 178, prohibiting government interference in the activities of mining companies.
AmazeWallet pre-launch mining skyrockets 3,293% in 1 month
Reading Time: 3 minutesLondon, UK, April 28th, 2023, Chainwire AmazeWallet has seen a significant increase in the number of miners using their mobile phones to validate transactions on AmazeChain, the app’s proprietary Layer […]
Bitfarms Will Increase its Bitcoin Mining Capacity in Argentina to 100 MW
Reading Time: < 1 minuteBitfarms has been granted the necessary permits to ramp up the power consumption of its Rio Cuarto (Argentina) facility to 100 MW.
Crypto Miner Riot Says NYT Article About Mining is Politically Motivated
Reading Time: < 1 minuteRiot has denounced The New York Times (NYT) Bitcoin mining article, “The Real Costs of the Bitcoin Digital Race,” as “full of distortions and outright lies.”
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