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DCG to Invest $100M in Bitcoin Mining Venture
27.8.2020
Blockchain investment firm Digital Currency Group has branched into the bitcoin mining industry though a subsidiary called Foundry
Capturing Petahash: Marathon Obtains 3,300 Bitcoin Mining Rigs, Acquires Fastblock for $22 Million
27.8.2020
The Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, has announced it will be purchasing Fastblock Mining in an all stock transaction. The firm’s letter of intent revealed Marathon will acquire Fastblock for around $22 million. The company will obtain 3,304 ASIC bitcoin...
Marathon to Buy Fastblock Mining for About $22M in Stock
26.8.2020
The company gains 3,304 ASIC miners through the merger
Official Notice Says Cheap Electricity to End for Inner Mongolian Bitcoin Miners
26.8.2020
Regional reports say that officials from Inner Mongolia delineated 21 bitcoin mines, as the region plans to stop subsidized electrical rates for certain data firms. Unless the bitcoin mining facilities pack up and migrate, mining farms may see an electrical price increase by one third. The Chinese...
Riot Blockchain Buys 8,000 of Bitmain’s Latest Bitcoin Miners, Company Targets 1.5 EH/s by 2021
25.8.2020
Bitmain Technologies Inc. said Monday that Nasdaq-listed Riot Blockchain is buying 8,000 of its Antminer S19 Pro bitcoin miners in a deal worth $17.7 million. In a blog post, the Chinese crypto mining hardware maker stated that the machines will be delivered in batches of 2,000 over four straight...
What death spiral? Bitcoin mining difficulty rises by 9% since halving
25.8.2020
Bitcoin mining difficulty has risen by 9% since the May 11 halving, demonstrating that the ecosystem remains healthy despite post-halving miner capitulation fears
Bitmain inks $18M Bitcoin mining rig sale with Riot Blockchain
25.8.2020
The giant continues to give a boost to its prime product despite recent shipments issues
The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power
25.8.2020
The SHA256 hashrate that secures the Bitcoin network has grown massively during the last few years, as Bitcoin’s processing power has touched all-time highs in 2020. Moreover, the gigawatts of electrical consumption powering industrial bitcoin mining today consumes as much as seven nuclear...
Bitcoin Miner Layer1 Overstated Industry Vet’s Involvement in $50M Series A Pitch
24.8.2020
Peter Thiel-backed Layer1 told potential investors in a recent pitch deck that bitcoin miner maker Canaan’s co-founder Liu Xiangfu joined its team as a key executive – except that’s not what Liu says
Marathon Brings New Rigs Online, Sees Becoming Cash Flow Positive
24.8.2020
The company expects 1,000 more S19 machines by December
Bitcoin Mining Difficulty Hits a New Record, Estimated to Rise Further
24.8.2020
The difficulty of mining bitcoin (BTC) has just reached another all-time high, after rising more than expected during today’s difficulty adjustment. Meanwhile, the network’s hashrate is still below its all-time high from back in July.
As reported five days ago, bitcoin’s mining difficulty, which...
Iran Shuts Down 1,100 Illegal Bitcoin Miners; Whistleblowers Rewarded $2,400
23.8.2020
Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly shut down 1,100 illegal bitcoin mining farms in the country, local media reported. Whistle-blowers tipped off authorities on unauthorized miners following a July announcement of rewards including...
Researcher Re-mined Satoshi's Bitcoin Blocks To Discover His Secrets
23.8.2020
Satoshi Nakamoto used a single PC to mine 1.1M Bitcoin
Bitcoin Mining Facility With Room for 50,000 Rigs Set to Launch in Kazakhstan
21.8.2020
The 180 megawatt facility that will be able to host 50,000 bitcoin mining rigs is set to launch sometime in early September
China’s Bitcoin Mining Industry Impacted the Most This Year, Says Report
20.8.2020
The researchers and analysts from Tokeninsight published it’s “2020 Q2 Cryptocurrency Mining Industry Report” which shows the industry has grown exponentially during the last six months. The findings indicate cryptocurrency mining has expanded a great deal but China’s...
Bitmain Retains Only a ‘Minuscule Lead’ Over Competitor Microbt Amid Ongoing Power Tussle, Says Report
19.8.2020
Bitcoin mining hardware maker Bitmain still has a “minuscule lead” over competitor Microbt despite the former’s ongoing power struggle and supply chain issues, according to Bitmex. Researchers at the derivatives exchange tested flagship products from the two companies...
Bitcoin Mining Difficulty Set for a New All-Time High
19.8.2020
Bitcoin (BTC) mining may rise to become the most difficult it's ever been in five days from now. Meanwhile, miners continue spending.
If the BTC.com estimates come true, bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, will rise nearly 3% during its next...
Riot Blockchain Supercharges Mining Ops With 8,000 More Bitmain Rigs as Bitcoin Price Soars
19.8.2020
Company executives say Riot Blockchain is on track to become cash flow positive later this year
Excessive Flooding in Sichuan Causes 20% Hashrate Losses for Chinese Bitcoin Miners
18.8.2020
Torrential downpours of nonstop rain have been wreaking havoc in China’s Sichuan province, which has caused some operations to shut down ASIC mining devices. Reports from the region show that certain areas have seen electrical shortages and the aftermath is causing quite a bit of stress...
Sichuan Officials Continue to Foster the Relationship Between Bitcoin Mining and Hydropower
18.8.2020
The province of Sichuan is well known for being one of the largest concentrations of bitcoin miners on earth because electrical costs are extremely cheap in the region. Data shows that miners using hydropower in Sichuan are paying between 0.065-0.075 yuan or $0.01 per kilowatt-hour. According...