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Report: Bitcoin’s Mining Landscape Braces for Shift as Halving Could Slash 100 EH/s of Hashpower
23.3.2024
Based on a recent analysis, numerous outdated bitcoin mining devices likely powered up in response to the latest uptick in bitcoin’s value. However, with the anticipated block reward halving, it’s projected that around 100 exahash per second (EH/s) of computing power might...
UK Court Convicts Woman Found With More Than $4.3 Billion in BTC
23.3.2024
A London resident reportedly caught with bitcoins worth over $4.3 billion has been convicted for entering into a money laundering arrangement. The woman specialized in converting digital assets into physical assets, such as multimillion-dollar houses and jewelry. Converting Bitcoin to Physical...
Avalanche Doubles Down on Meme Coins: Announces $1 Million Liquidity Mining Incentives Program
23.3.2024
The Avalanche Foundation announced the launch of Memecoin Rush, a program designed to incentivize meme coin liquidity providers on selected platforms in the AVAX environment. The program will allocate $1 million to participants that provide liquidity for these tokens on Trader Joe and Steakhut,...
LAPD Recovers $6.9 Million Worth of Stolen Bitcoin Mining Rigs, Suspects in Custody
22.3.2024
The Los Angeles Police Department (LAPD) has apprehended three individuals following the theft of bitcoin mining equipment valued at $6.9 million. The Commercial Crimes Division’s Cargo Theft Unit announced the retrieval of all stolen items. California Authorities Arrest Trio for Stealing Bitcoin...
Greenpeace’s Anti-Bitcoin “Mining for Power” Report Receives Fierce Backlash on X
22.3.2024
“Mining for Power,” an anti-Bitcoin report by Greenpeace USA that explains the links between the bitcoin mining industry and fossil fuel companies, has faced a backlash in social media due to its inaccurate portraits of the mining activity. Using community notes, social network users...
Bitcoin Miners on the Brink of Surpassing February Earnings as 2 Difficulty Adjustments Loom
21.3.2024
Bitcoin miners face two additional difficulty adjustments before the network’s halving event, which is rapidly approaching, with less than 4,300 blocks remaining. Data indicates the total hashrate has recovered from a minor dip, suggesting miners might see a decrease in difficulty at...
Bitcoin Year-End Price Target Raised to $90K at Bernstein
21.3.2024
Bitcoin Mining Stocks Rally Ahead of Halving: Double-Digit Gains Mark Midweek Surge
21.3.2024
Publicly traded bitcoin mining companies experienced a revival this week, as numerous stocks saw double-digit increases on Wednesday. Shares of Cleanspark soared by 22.8%, Marathon’s shares climbed by 16.1%, and Riot’s shares increased by 11.81% throughout the trading day. Bitcoin...
Russian Crypto Mining Hotspot Cracks Down on Illegal Miners
21.3.2024
The Russian crypto mining hotspot of Irkutsk appears to be cracking down on illegal and quasi-legal miners.
The post Russian Crypto Mining Hotspot Cracks Down on Illegal Miners appeared first on Cryptonews
Bitcoin's Halving May Be Here Sooner Than You Know (Again)
20.3.2024
Several months ago, the halving was expected to take place on April 28; now it's on track to land on April 18. Blame the surge in bitcoin's price, which has attracted more mining power and sped up the network
With 1 Month to Go, Bitcoin Halving Poised to Shift Mining Dynamics
20.3.2024
Per the most recent data, we are a month away, or precisely 30 days, from the fourth Bitcoin halving event. This significant milestone will cut the mining rewards from 6.25 bitcoins per block to 3.125 bitcoins per block after the halving. The summary below outlines the essentials to grasp...
Luxor and Bitnomial Roll out Hashrate Futures for US Market Ahead of Bitcoin Halving
19.3.2024
Luxor Technology Corporation, a blockchain infrastructure service provider, has unveiled plans to introduce exchange-traded hashrate futures for institutional investors in the U.S. Through a collaboration with derivatives exchange Bitnomial, this new futures product is slated to be accessible...
Crypto Caverns’ Industry-First Hashrate Guarantee Program Promotes Transparency in Crypto Mining
19.3.2024
In the world of crypto mining hosting, concerns about companies prioritizing their own interests over their clients’ needs are not uncommon. Many of these companies seem to drag their feet when it comes to repairing client hardware, resulting in significant losses for their customers. Rufus...
Luxor Looks to Help Bitcoin Miners Hedge Halving Risk With New Hashrate Futures
19.3.2024
The bitcoin mining software and services company partnered with Bitnomial to offer cash-settled hashrate futures
IcomTech Ponzi Scheme Promoters Convicted in New York, Facing Two Decades in Prison
18.3.2024
David Brend and Gustavo Rogriguez, promoters of the fraudulent crypto mining and trading facility IcomTech, have been found guilty of conspiracy to commit wire fraud by a New York jury, a Friday press release from the United States Attorney's Office for the Southern District of New York states.
The...
Over 93% of Bitcoin Mined Ahead of Fourth Halving, Signaling New Era of Scarcity
18.3.2024
As of the current moment, 93.6% of bitcoin’s total supply has already been mined, leaving only 1.34 million bitcoins remaining to be extracted. After the upcoming halving event, the issuance rate of the leading digital currency will decelerate, significantly reducing its availability more...
Russian Crypto Mining Industry Could Be Set for $4Bn Boost
18.3.2024
The Russian crypto mining industry could be set for a $4 billion boost, representatives claimed at a media event in Irkutsk, Siberia.
The post Russian Crypto Mining Industry Could Be Set for $4Bn Boost appeared first on Cryptonews
Bitcoin Miners Near Final Month Before Reward Halving Slashes Revenues
17.3.2024
There are 34 days left until the Bitcoin network’s halving event, expected on or around April 20, 2024, which will reduce miners’ rewards by half. Bitcoin’s price has remained above $60,000 throughout March, reaching close to $74,000 on March 14. Between onchain fees and...
Top 10 Bitcoin Mining Rigs of 2024: Leading the Charge in Crypto Earnings
16.3.2024
Over the past month, the valuation of bitcoin has seen a notable increase, leading to significantly enhanced profits for today’s most sophisticated application-specific integrated circuit (ASIC) bitcoin mining devices. As of March 16, 2024, the top ten ASIC miners focused on the SHA256...
Marathon Digital Expands Bitcoin Mining Presence with Texas Acquisition
15.3.2024
On March 15, Applied Digital announced that it had concluded the sale of its 200-megawatt (MW) Bitcoin mining facility to Marathon Digital Holdings for $87.3 million. The second quarter of 2024 is the expected date of completion of the deal.
The post Marathon Digital Expands Bitcoin Mining Presence...