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'Bad batch' or flawed design? Compass Mining flags problems with new ASIC miners
10.3.2023
The Bitcoin mining company is stumped as to why Bitmain changed the design of the S19 Antminers
U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms
10.3.2023
A provision in the department’s “Greenbook,” its list of tax proposals and explanations for U.S. President Joe Biden’s budget proposal, would create a phased-in excise tax based on the costs of the electricity used in crypto mining, imposed on the companies “using computing resources” to mine...
Biden budget proposes 30% tax on crypto mining electricity usage
9.3.2023
The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources
Bitcoin Miner Hut 8 Talks Operational Issues and USBTC Merger in Earnings Call
9.3.2023
The Canadian mining firm has pulled 7,000 machines from a site due to litigation and is troubled by "electrical issues" at another site
ESG Analyst Daniel Batten Reveals Dynamic Charts Showing Bitcoin’s 52.6% Sustainable Energy Use
9.3.2023
Environmental, social, and governance (ESG) analyst Daniel Batten said Tuesday that the computational backbone of the Bitcoin network now uses 52.6% sustainable energy. Batten and onchain analyst Willy Woo created Dynamic Bitcoin ESG Charts to showcase the protocol’s progress. Contrary...
Bitcoin Miner Marathon Digital Terminates Credit Facility With Crypto Bank Silvergate
8.3.2023
The miner reduced its debt by $50 million and freed up about $75 million worth of bitcoin that was held as collateral
Canadian Crypto Miner Pow.re Lands 100 MW Contract in Paraguay
8.3.2023
Pow.re is one of the few companies building out 100 MW of mining in the South American country
Compass Mining Alerts Bitcoin Miners of Changes in Bitmain’s ASIC Design
8.3.2023
Compass Mining, a bitcoin mining firm, published a blog post stating that Bitmain, the company behind the application-specific integrated circuit (ASIC) mining rig, has made changes to its design. The post advised miners to be aware of the changes as Compass Mining identified “three...
Jack Dorsey’s Block asks for input on proposed ‘mining development kit’
8.3.2023
Block’s mining hardware product lead, Naoise Irwin, has asked for pointers on a proposed hardware and software development kit for Bitcoin mining
Today in Crypto: Pro-Russian & Neo-Nazi Militia Groups Promoting Digital Wallets for Crowdfunding on Telegram, Crypto Scams in Hong Kong up 67%, Thailand to Offer Tax Breaks for Investment Tokens Issuers
7.3.2023
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: Pro-Russian & Neo-Nazi Militia Groups Promoting Digital Wallets for Crowdfunding on Telegram, Crypto Scams...
Crypto Mining Rig Maker Canaan's Q4 Revenue Sunk 82% to $56.8M
7.3.2023
The firm reported Q4 net loss per ADS of 38 cents compared to $1 for the same period in 2021
Argo increases Bitcoin production despite BTC difficulty growth
7.3.2023
Argo’s daily Bitcoin production rate in February surged 7% despite a 10% month-over-month increase in average network difficulty
TeraWulf goes nuclear: 8,000 rigs spool up in Nautilus mining facility
7.3.2023
Bitcoin mining company TeraWulf has fired up a new “behind the meter” mining facility powered by 100% nuclear power in Pennsylvania
SEC accuses Utah firm of 'fraudulent' $18M crypto mining scheme
7.3.2023
The SEC said Green United’s operation was a fraud and the community was quick to quell fears of the SEC classing crypto mining as a security in the suit
Terawulf Energizes First Nuclear-Powered Bitcoin Mining Facility in the US, Plans to Expand Operations
6.3.2023
Terawulf, a bitcoin mining operation, has announced that it has energized the first nuclear-powered bitcoin mining facility in the United States at the company’s Nautilus Facility in Pennsylvania. According to the company, approximately 1 exahash per second (EH/s) or close to 8,000...
SEC Accuses Utah-Based Green United of Running $18M Crypto Mining Scam
6.3.2023
The U.S. Securities and Exchange Commission (SEC) has filed suit against Green United, alleging that the Utah-based company violated federal securities laws by selling $18 million worth of phony crypto mining equipment
Bitcoin Mining Is Good for the Energy Grid and Good for the Environment
6.3.2023
Bitcoin mining should be hailed as an effective tool for a lower emissions future, not demonized as monkey wrench in the works
While Bitcoin’s Hashrate Remains Sky-High, Merge-Mined Crypto Asset Networks Benefit
6.3.2023
In recent times, Bitcoin’s hashrate has been consistently above 300 exahash per second (EH/s) as multiple mining pools dedicate significant hashpower to the Bitcoin blockchain today. Interestingly, some of the world’s top bitcoin mining pools are also using their hashrate...
TeraWulf Starts Nuclear-Powered Bitcoin Mining With Nearly 8,000K Rigs at Nautilus Facility
6.3.2023
The miner expects its power cost to drop to $0.02/kWh when the nuclear site is fully operational
Bitcoin Miners Prepare for Upcoming Difficulty Increase in the Face of Market Uncertainty
6.3.2023
Bitcoin (BTC) miners are preparing for another difficulty adjustment this week, as the computational power required to mine new coins reaches its highest level ever.
The next difficulty adjustment, which is expected to occur on Friday March 10, will take the difficulty level from 43.05 T to 44.46...