Bitcoin developer Luke Dashjr raises concerns over centralization in Bitcoin...
In an in-depth interview with Bitcoin Magazine on Jan. 24, Bitcoin Core developer Luke Dashjr voiced significant concerns about the increasing centralization of Bitcoin mining. Dashjr believes that the...
View ArticleOKX pulls plug on mining pool amid declining user and hashrate numbers
Crypto exchange OKX will discontinue its mining pool services due to “business adjustments” reasons, according to a Jan. 26 statement. The platform said it had halted new customer registrations,...
View ArticleBitcoin miner GRIID debuts on Nasdaq under ‘GRDI’ ticker
Bitcoin miner GRIID will begin trading its common stock under the “GRDI ” ticker on the Nasdaq stock exchange today, Jan. 29. The Ohio-based miner stated that its Nasdaq listing presents an ideal stage...
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Marathon vs Riot: Analyzing the true cost of mining 1 bitcoin
Bitcoin mining is the cornerstone of the crypto industry and the crypto market. At its core, the profitability of mining comes down to a single, crucial metric — the cost of producing each bitcoin. The...
View ArticleHut 8 signs four-year deal to manage Celsius Bitcoin mining operations Ionic...
Hut 8 has formalized a comprehensive four-year partnership with Ionic Digital Inc., encompassing end-to-end managed services across all of Ionic’s Bitcoin mining operations. This move was announced on...
View ArticleUS to launch survey on cryptocurrency miners’ energy consumption
The United States, through the Energy Information Administration (EIA), will start collecting data about cryptocurrency miners’ energy consumption rate within the nation starting next week. On Jan. 31,...
View ArticleBitcoin mining difficulty hits new ATH after record 7.3% spike
Bitcoin mining difficulty has surged to a new all-time high, reaching 75.50T at block height 828,576 on Feb. 2, less than a month after its previous record-setting increase on Jan. 6. Mining difficulty...
View ArticleBitcoin miners slam US government planned survey as ‘Operation Chokepoint 3.0’
The U.S. authorities’ planned survey of Bitcoin miners’ electricity usage has drawn steep criticism from the mining community, describing it as the genesis of “Operation Chokepoint 3.0.” Miners...
View ArticleCleanSpark announces acquisition of four Bitcoin mining facilities
Bitcoin mining firm CleanSpark said that it will acquire four new mining facilities in a press release published on Feb. 6. The company said it has entered definitive agreements to acquire three...
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Australian Bitcoin miner Iris sets 20 EH/s hash rate target as US mining falters
Australian Bitcoin mining company Iris Energy has outlined ambitious plans to ramp up its hash rate to 20 exahashes per second (EH/s) by the latter part of this year, as detailed in a Feb. 7 update. To...
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Less than 10,000 blocks to the next Bitcoin halving: Why Grayscale says this...
The countdown to Bitcoin’s highly anticipated halving event is on, with fewer than 10,000 blocks left as of Feb. 12. According to the Bitcoin Halving Clock, approximately 9,843 blocks remain before the...
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Bitcoin miners to get instant non-custodial rewards via Lightning Network
Enterprise Bitcoin mining pool company Titan Mining has announced Titan Lightning, intending to transform how Bitcoin miners receive rewards by empowering miners with near-instant access to their...
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Bitcoin mining difficulty set to hit record high today amid US miner scrutiny
Bitcoin’s mining landscape is poised for another challenge as mining difficulty is set to rise by nearly 8% today, Feb. 15. Data from CoinWarz shows that this increase, which is expected to hit a new...
View ArticleEthiopia to start mining Bitcoin through new data mining partnership
The Ethiopian government is set to begin mining Bitcoin through a new partnership with Data Center Service — a subsidiary of West Data Group, according to Ethiopia-based Hashlabs Mining CEO Kal Kassa....
View ArticleCongressman Emmer raises concerns over Biden administration’s “information...
House Majority Whip Tom Emmer warned on Feb. 22 that government agencies under the Biden administration are beginning to collect data on Bitcoin mining firms. In a letter to the Office of Management...
View ArticleTexas Blockchain Council including Riot file lawsuit against US Energy...
Riot Platforms and the non-profit association, the Texas Blockchain Council (TBC), have initiated legal action against the US Energy Department and associated entities, such as the Energy Information...
View ArticleUS agencies pause Biden-sanctioned emergency miner survey following lawsuit
The Energy Information Administration (EIA) paused the controversial survey of crypto mining firms on Feb. 23 following a lawsuit from members of the crypto mining sector. Crypto mining company Riot...
View ArticleHut 8 to finance new Texas mining facility with Bitcoin reserves
Bitcoin miner Hut 8 intends to use part of its reserve BTC holdings to finance establishing a new mining facility in Culberson County, Texas. According to a Feb. 27 statement, this decision is part of...
View ArticleMarathon posts record growth in 2023 earnings, unveils Bitcoin Layer-2 Anduro
Bitcoin mining and technology firm Marathon Digital reported record growth in a number of categories in its 2023 annual earnings report. The firm also revealed the development of a Layer-2 network for...
View ArticleBiden administration’s notorious Bitcoin mining survey halted after legal...
The US Energy Information Administration (EIA) agreed to stop the emergency survey of Bitcoin miners as part of an agreement to end the lawsuit filed by several industry players, including the Texas...
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