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Browsing Category
Mining
Bitcoin Hashrate Records New ATH Surpassing 740 EH/s
The Bitcoin network hash rate reached a new all-time high on September 3rd, surpassing 740 exahashes per second (EH/s). This comes even as Bitcoin prices trade below $60,000. JUST IN: #Bitcoin's hash…
Russian Officials Confiscate 238 Illegal Mining Rigs in Irkutsk
Russian authorities seized 238 illegal cryptocurrency mining rigs in the Irkutsk region. The illegal mining activities caused significant damage to the electrical grid, leading to criminal charges…
Wall Street’s Bitcoin Miners Haven’t Seen Such Weak Revenues in a Year
Wall Street Bitcoin (BTC) miners faced their toughest month of the year in August, with revenues plummeting to levels not seen since September 2023. The downturn highlights the growing challenges in…
CHART: When solo miners found a Bitcoin block
Much like hopeful lottery players who play despite knowing the odds are stacked firmly against them, there are still bitcoin miners who refuse to join a conventional mining pool. Defiant, they choose…
Revenues down for Bitcoin mining
August 2024 was the month with the lowest revenues for Bitcoin mining of the entire year. Indeed, it is necessary to go back even to September of last year, when the price of BTC was below $30,000,…
Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Year’s Low
Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023. Onchain fees collected in August also dipped, reaching a low not seen…
Wall Street Bitcoin Miner Loses $29 Million, Six Times Less Than Last Year
IREN (NASDAQ: IREN) just became yet another publicly-listed Bitcoin (BTC) miner from Wall Street, which significantly increased its revenue over the last year, benefiting from higher cryptocurrency…
Bitcoin’s Latest Difficulty Rise Challenges Miners Already Facing Revenue Slump
On Aug. 28, Bitcoin’s mining difficulty bumped up by 2.99% at block height 858,816, pushing the metric from 86.87 trillion to a hefty 89.47 trillion. This tweak adds a bit more challenge for bitcoin…
Leading Bitcoin Miner GDA Plans Mining Expansion to 400 MV Leveraging Renewables
Genesis Digital Assets (GDA), one of the world's largest Bitcoin mining companies, has announced plans to expand its recently launched Texas data centre to 400 megawatts. The ambitious phase two…
Solo Bitcoin Miner Hits the Jackpot With $200,000 Block Reward
Another solo miner has beaten the odds and processed a block on the biggest crypto network—pocketing 3.275 Bitcoin, or just shy of $200,000 as a reward. The lucky miner processed block number…