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Browsing Category
Mining
Troubling new Bitcoin research into Bitmain mining proxies
In April, pseudonymous researchers Mononaut and 0xB10C confirmed a long-held suspicion that Bitmain influenced a concerning percentage of the bitcoin mining network. Today, follow-up research confirms…
Miners ditch Bitcoin for AI as energy costs surge
Bitcoin miners are bailing on the crypto grind, switching gears to artificial intelligence (AI) as rising energy costs make it harder to turn a profit. Mining Bitcoin used to be a cash machine, but…
Bitcoin Mining Was Significantly Less Profitable in August, Jefferies Says
Bitcoin mining was notably less profitable in August than July, the report said. Jefferies said September could be another difficult month for the miners as bitcoin remains below $60K and the network…
Revolutionizing Bitcoin Mining: The Power of Three-Phase Systems
Bitcoin mining has seen exponential growth since the first ASIC miner was shipped in 2013, improving hardware efficiency from 1,200 J/TH to just 15 J/TH. While these advancements were driven by better…
Mining New Bitcoin Is More Difficult Than Ever. Here’s How it Could Impact BTC Prices
The difficulty of mining bitcoin has reached an all-time high of 92.6 terahashes, increasing by over 10% since early July, which could strain miners' profitability due to higher operational costs.…
Bitcoin’s Dirty Secret Desperately Needs a Green Fix
The debate over cryptocurrencies’ environmental impact has intensified as governments, corporations, and investors focus on Environmental, Social, and Governance (ESG) concerns. Bitcoin, the world’s…
Bitcoin Miners Are Still Buying New Hardware Despite Headwinds—Here’s Why
In the midst of shrinking revenues and rising operational costs, industry experts tell Decrypt that Bitcoin miners are continuing to invest in new, specialized hardware, displaying strong confidence…
Bitcoin Mining Difficulty Hits Record 92 Trillion
The Bitcoin mining difficulty reached a new all-time high of 92.67 trillion on September 11. This represents a 3.04% increase over the last 24 hours and continues an upward trajectory in mining…
Investment Bank Jefferies Publishes Bitcoin Mining Report
Bitcoin (BTC) mining experienced a significant drop in profitability in August as both the average Bitcoin price fell and the network hashrate increased, according to a research report by investment…
Solo Bitcoin Miner Wins Big After Securing an Entire Block Reward
Solo miner receives $181,000 block reward. Bitcoin mining still dominated by larger mining pools, with FoundryUSA and Antpool representing more than 50% of the total hash rate. A solo bitcoin (BTC)…