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Tether CEO Announces Plans to Open-Source Bitcoin Mining Operating System


Tether CEO Paolo Ardoino announced that the company will work towards open-sourcing its Bitcoin Mining Operating System (MOS), aiming to enable a new wave of bitcoin mining companies to enter the market and enhance network security. The MOS is designed to create a level playing field by reducing...

Bitmain’s 1.16 PH/s Bitcoin Mining Beast: The ASIC Arms Race Just Got Real


Over the past three years, bitcoin mining gear has evolved dramatically—from machines cranking out massive terahash to widely available rigs boasting efficiencies under 20 joules per terahash (J/TH). At the World Digital Mining Summit last month, Bitmain pulled back the curtain on a machine...

Ukraine Cyber Crime Bust: 5,000 Accounts Hacked for Crypto Mining


Ukrainian law enforcement recently arrested a 35-year-old man accused of hacking over 5,000 customer accounts of a hosting company to mine cryptocurrency, resulting in a loss of $4.5 million. Hacker Deploys Software to Remotely Manipulate Servers Ukrainian cyber police officers and investigators...

SHA256 Strikes Back: Bitcoin’s Mining Algorithm Reclaims the Throne in 2025


When 2024 wrapped up, the SHA256 consensus algorithm used by Bitcoin ranked third in profitability, but now, as we kick off June 2025, it shares the top spot, matched up with Litecoin’s Scrypt. SHA256 and Scrypt Tie for Top Mining Profits in June 2025 Dec. 29, 2024 saw Scrypt, the mining method...

Bitcoin Miner Riot Sees 139% Yearly Increase in Daily BTC Production


In May, bitcoin miner Riot Platforms produced 514 bitcoins, marking an 11% increase from the 463 mined in April and more than double the 215 produced in May 2024. Prioritizing Operational Excellence Bears Results Bitcoin miner Riot Platforms produced 514 bitcoins in May 2025, an 11% increase from...

Bitcoin Miners Bank Big in May—Highest Monthly Earnings Since the Halving


Figures logged in May show that bitcoin miners achieved their most lucrative month since the network’s fourth halving in April 2024. During May, the collective revenue drawn in by miners reached an impressive $1.52 billion. Bitcoin Revenues Reach 13-Month High Bitcoin miners recorded their most...

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