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Browsing Category
Mining
From Teraflux to Antminer: Exploring the Top ASIC Bitcoin Mining Rigs on the Market Today
During the first week of August 2024, Bitcoin’s hashprice—a key metric that gauges the daily value of one petahash per second (PH/s) of hashpower—dipped to its lowest point in history, sliding below…
This Wall Street Bitcoin Miner Paid Off Its Massive Debt 18M before the Initial Deadline
The publicly-listed cryptocurrency mining company from Wall Street (NASDAQ: ARBK) and the City (LSE: ARB) Argo Blockchain plc announced today (Monday), that it has fully repaid its $35 million loan…
Bitcoin Difficulty Reduction Incoming? Miners Brace for a Major Shift on Aug. 14
Following the latest difficulty change 11 days ago when the metric increased by 10.5%, Bitcoin’s difficulty is estimated to shift downward between 4% to 5.3% on Aug. 14. Bitcoin’s All-Time High…
Chinese tech firms scramble to stockpile HBM chips amid US restriction fears
Chinese tech firms are rushing to stockpile Samsung’s high bandwidth memory (HBM) chips that power AI systems before they are affected by US restrictions. The US reportedly seeks to sanction the sale…
Bitcoin’s electricity consumption has fallen by 24% since the end of July
Bitcoin (BTC) mining is consuming less power today than it did at the end of July this year. According to Digiconomist, mining consumed 115.21 TWh (Terawatt hours) of power at press time, representing…
Bitcoin Miner With Celsius Assets Delays IPO After Losing CEO and Auditor
Ionic Digital, the bitcoin miner that bought bankrupt crypto lender Celsius' mining assets, has delayed a plan to go public after losing its CEO and auditor. Former CEO Matt Prusak told the company in…
Putin Signs Law Legalizing Cryptocurrency Mining in Russia
Russian President Vladimir Putin has officially signed a law that legalizes cryptocurrency mining in Russia. According to a report by Russian news agency TASS, the law introduces several key concepts,…
Bitcoin Mining Profits Crushed by Record Difficulty and Historic Hashprice Drop
On Aug. 7, 2024, bitcoin’s price moved within a 24-hour range between $55,742 and $57,607. This lower price bracket has significantly reduced bitcoin mining revenue, causing the estimated daily value…
Block Reward Cut: Miners Must Stake Bitcoin, Plug into Depins to Offset Revenue Loss
According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to profitability levels seen before the halving. To compensate for the…
3rd Largest Bitcoin Miner on Wall Street Boosts BTC Production by 45%
Despite Bitcoin's (BTC) mixed summer performance, one of Wall Street's largest cryptocurrency miners managed to increase production. Riot Platforms (NASDAQ: RIOT) reported in its latest report a 45%…