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Marathon Digital Boosts Production Capacity By 20%, Mines 1,242 BTC in September
5.10.2023
Bitcoin miner, Marathon Digital (MARA) increased its monthly production hash rate by 20%, recording an uptick in share prices amid an uncertain crypto market.
In its September Production Update, the miner produced 1,242 Bitcoin (BTC) marking a 16% growth from August and a 245% increase in the last...
Bitfarms Mines 411 BTC in September, Increases Hashrate by 9%
2.10.2023
Canadian Bitcoin (BTC) mining firm has increased its production capacity this year with eyes locked on better opportunities hinged on the upcoming BTC halving.
According to an Oct. 2 press release on the firm's mining operation for September, the company increased its hashrate, capacity,...
Bitcoin’s Hashrate Holds Steady Above 400 EH/s Amid Sky-High Network Difficulty
29.9.2023
Amid the soaring network difficulty, Bitcoin’s hashrate remains resilient, firmly holding above the 400 exahash per second (EH/s) frontier. A total of 43 mining pools channel their hashpower at the Bitcoin blockchain, yet, it’s Foundry USA’s pool that ruled the roost this...
S21 Miner Makes its Debut at WDMS for the First Time, with BitFuFu Among the First Public Online Sales Platforms
28.9.2023
PRESS RELEASE. September 28, 2023 – The 2023 Global Digital Mining Summit (WDMS) concluded successfully in Singapore, exploring the future trends and investment opportunities in the Web 3.0 mining ecosystem. During the event, Bitmain unveiled its latest high-hashrate miner, the S21,...
Texas State Dominates in Bitcoin Mining, Hosts 28.5% of US’s Hashrate: Report
27.9.2023
The U.S. state of Texas has become a hotbed for cryptocurrency mining, making up 28.50% of the hashrate in the U.S. as of July 2023.
According to data from Foundry, the largest mining pool in North America and the fifth-largest globally, Texas has positioned itself as the “crypto capital” in...
Bitcoin Ordinals haven’t wrestled blockspace from money TXs: Glassnode
27.9.2023
Inscriptions have been acting more as a "packing filler," stuffed into any remaining space once higher-value monetary transfers are packed into blocks, said the firm
‘Lack of Finality’ — Single Mining Pool Commands 53% of Zcash’s Hashrate
20.9.2023
Recent data shows a single mining pool controls more than 53% of the hashrate for the cryptocurrency network Zcash. On September 19, 2023, the crypto mining pool Viabtc had 4.2 giga solutions per second (GSol/s) of Zcash’s total 7.84 GSol/s hashrate. Electric Coin Co., which oversees...
Bitcoin Mining Hits Toughest Era: Record Difficulty and Hashrate Peaks Define September 2023
19.9.2023
Bitcoin’s mining difficulty hit a record high after increasing 5.48% to 57.12 trillion. This rise signifies the need for a significant amount of computational power to discover blocks. Meanwhile, the network’s hashrate also reached a record high this past week. Bitcoin Difficulty Jumps...
Canaan Unveils Cutting-Edge Avalon 14 Series Bitcoin Miners
12.9.2023
At the “Avalon Bitcoin & Crypto Day” conference in Singapore, the bitcoin mining application-specific integrated circuit (ASIC) manufacturer Canaan showcased its new Avalon-made 14 series mining rigs. One of the mining machines, the A1466I, boasts an energy efficiency of fewer than...
Bitcoin Mining Difficulty Dips 2.65%; Network Clocks Modest Uptick in Hash Price
6.9.2023
On Tuesday, September 5, 2023, Bitcoin’s mining difficulty experienced a 2.65% dip at block height 806,400, offering a slight reprieve for miners. This marks the first decline since July 26, when a 2.94% slide was recorded at block height 802,368. Bitcoin Miners See Relief With 2.65%...
Bitcoin Miners Anticipate Relief: Upcoming Difficulty Reduction Projected After August’s Challenges
1.9.2023
While Bitcoin experienced two difficulty adjustments upward last month, the next one, expected around September 6, 2023, is estimated to be a reduction. Currently, the network’s hashrate is about 367.58 exahash per second (EH/s), with an average of 380.90 EH/s over the past ten days. After...
Cambridge Bitcoin Electricity Consumption Index updated to reflect hardware distribution and hashrate increases
31.8.2023
Cambridge researchers revise the widely-cited index in response to evidence indicating periodic overestimation of Bitcoin mining’s electricity consumption
Bitcoin Miners Feel the Pinch: 10% Value Drop Tanks Hash Price in August
29.8.2023
August has proved to be a challenging month for bitcoin miners, facing two difficulty spikes and witnessing the currency’s value plummet over 10% in the past 30 days. This decline in value has pulled the network’s hash price to levels reminiscent of late 2022. At present, miners...
Bitcoin revenue per terahash nears record lows as hashrate soars
28.8.2023
As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability
Bitmain’s Upcoming Monero ASIC Miner Sparks Anxious Buzz Within XMR Community
28.8.2023
In an announcement on Sunday, cryptocurrency mining rig manufacturer Bitmain revealed its intention to sell a machine designed for mining the digital currency monero (XMR). The machine boasts a hashrate of 212 kilohash per second (KH/s), and the firm asserts that it is the first...
Analysis Says 2024 Halving Could Push Bitcoin to $400K, BRICS Declares Importance of Local Currencies in Trade — Week in Review
27.8.2023
This week’s hottest stories detail a potential skyrocketing of bitcoin’s price to $400,000, connected with the upcoming 2024 halving event, emphasis on trade in local currencies made at the conclusion of the recent BRICS summit in South Africa, and claims of 260% faster hash detection...
Bitcoin Miners Navigate Record Challenges and August’s Dual Difficulty Hike
23.8.2023
Bitcoin miners faced another uphill battle this month, marking the second straight increase in mining difficulty. On August 22, at block height 804,384, the difficulty surged by 6.17%. This fresh peak in Bitcoin’s difficulty sets a new record, intensifying the challenge for miners...
Bitmain Dispatches Initial KS3 Antminers Amid Surge in Kaspa’s Hashrate
22.8.2023
According to Bitmain, the well known crypto ASIC mining rig manufacturer, the company has shipped its first batch of KS3 Antminer machines. Despite each rig costing $49,800, Bitmain sold out of the first batch and announced another batch of KS3 Antminers would be available soon. As Kaspa’s...
Today in Crypto: Pup Balltze Cheems Dies at Age 12, Kenya Forms Committee to Investigate Worldcoin, Solo Miner With Just 1PH of Hashrate Gets Full $160,000 Bitcoin Block Reward
21.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Pup Balltze Cheems Dies at Age 12, Kenya Forms Committee to Investigate Worldcoin, Solo Miner With Just...
Bitcoin’s Transaction Backlog Surges Past 400,000
20.8.2023
A fortnight ago, unconfirmed BTC transactions dipped under 300,000. However, they’ve since rebounded, surpassing the 400,000 mark. While the average network fee remains under $1, since August 6, it’s fluctuated from $0.77, peaking at $2.59 per transaction just two days later on August...