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Browsing Category
Mining
Bitcoin Miners’ Revenues Decline for the Third Month in a Row: CEOs Speak Out
Public Bitcoin miners saw their daily revenues fall for a third month in a row in September, and the decline coincided with a rise in the network’s difficulty, creating a challenging environment for…
2024’s Mining Titans: The 5 ASIC Machines Redefining Cryptocurrency Mining
What has turned out to be critical in ASIC miner construction is the liquid cooling technology. AI integration is only now becoming used to make mining operations more efficient in real time.…
CleanSpark Restores Bitcoin Mining Operations, Surpassing 28.7 EH/s After Hurricane Helene
CleanSpark swiftly restored power and operations, achieving a hashrate of 28.7 EH/s after Hurricane Helene’s impact. Despite the storm’s challenges, CleanSpark’s diversified facilities helped…
Blake3 Now Most Profitable PoW Algorithm for Crypto Miners, KAS Slips in Rankings
In July, the proof-of-work (PoW) crypto mining algorithm Kheavyhash, used by the kaspa (KAS) crypto asset, held the top spot for profitability among consensus algorithms. Fast forward to today, and…
Relm Insurance Introduces BTC-Denominated Policy for Bitcoin Miners
Bermuda-registered Relm Insurance has introduced a policy covering bitcoin miners' for periods of business interruption. Relm is licensed to offer indemnification to bitcoin miners in the same…
Riot Platforms mined 412 Bitcoin in September
Riot Platforms mined 412 Bitcoin in September, marking a 28% increase over the previous month. This rise in production was driven by higher operating capacity at their mining facilities, which include…
What are the costs for mining Bitcoin?
Recently, a research by NFT Evening was published that reveals the costs of Bitcoin mining country by country. The research examines almost all the countries in the world and estimates for each of…
Bitcoin’s halving upending global solo-mining profitability
The cost of mining one Bitcoin drastically changed after April’s halving, while eight countries with affordable electricity have already banned BTC mining. Mining Bitcoin (BTC) was once a cash cow for…
BTC miner Hut 8 pivots to AI as BTC profits dry up
As BTC block reward mining profits dry up, miners are pivoting to artificial intelligence (AI) to ride the wave back to profitability. The latest is Hut 8 (NASDAQ: HUT), one of the largest United…
Bitcoin miner CleanSpark grew its hashrate by 187% over the past year
CleanSpark has released its unaudited Bitcoin mining update, which shows the company saw its hashrate jump 187% in the fiscal year ending September 2024. The publicly-traded Bitcoin (BTC) miner…