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Runes are offering a significant lifeline for Bitcoin miners: TeraWulf CEO
26.4.2024
The transaction fees are the “wild card” for Bitcoin miners, with the current increase representing a crucial revenue boost for BTC miners, according to TeraWulf’s CEO, Nazar Khan
Marathon Digital Ramps up Bitcoin Mining Goals, Targets 50 EH/s Hash Rate for 2024
26.4.2024
Marathon Digital plans to increase its 2024 hash rate target for Bitcoin mining from 35-37 EH/s to 50 EH/s, thanks to expanded capacity from recent acquisitions, aiming to more than double its mining operations without the need to raise additional capital. The company’s growth includes...
Bitcoin miner Marathon increases 2024 hash rate target to 50 EH/s
26.4.2024
If Marathon reaches its 50 EH/s target, it would mark more than a 100% increase in the firm’s hash rate since the start of 2024
Runes Protocol Helps Sustain Bitcoin Mining Industry, But There’s A Catch
25.4.2024
The fourth Bitcoin halving may be considered to be the most memorable, as industry experts believe this event was unlike any other.
The post Runes Protocol Helps Sustain Bitcoin Mining Industry, But There’s A Catch appeared first on Cryptonews
‘Epic Satoshi’ From Bitcoin’s 4th Halving Fetches Over $2.13 Million at Coinex Auction
25.4.2024
The renowned ‘epic satoshi’ from the fourth halving block, also known as Sat # 1,968,750,000,000,000, fetched a price of 33.3 bitcoins, valued at just over $2.13 million on Thursday afternoon Eastern Standard Time. This satoshi, the smallest denomination of BTC, was sold for...
Runes Make Up 68% of All Bitcoin Transactions Since the Halving
25.4.2024
Runes have contributed to up to 68% of Bitcoin transactions since the halving, however, the fees earned by Bitcoin miners have started to dwindle.
The post Runes Make Up 68% of All Bitcoin Transactions Since the Halving appeared first on Cryptonews
Bitcoin miner profits get squeezed as hash price drops to lowest since October 2023
24.4.2024
After enjoying record profits during Bitcoin’s recent halving, miners now face a sharp decline in hash prices
Bitcoin’s First Post-Halving Adjustment Raises Mining Difficulty to Record High
24.4.2024
Bitcoin recently completed its first difficulty adjustment following the fourth halving, recording a 1.99% increase and pushing the mining difficulty to a record high. The network’s difficulty level rose from 86.39 trillion to a new level of 88.10 trillion. Bitcoin Miners’ Strength...
Jack Dorsey’s Block Is Building a Bitcoin Mining System
24.4.2024
The firm also completed the development of its three-nanometer mining chip, which it had been working on since April 2023
Jack Dorsey’s Block Expands Bitcoin Mining Ambitions, Develops 3nm Mining Chip
24.4.2024
Jack Dorsey's payments company Block has shifted its focus from designing chips to developing a full Bitcoin mining system.
The post Jack Dorsey’s Block Expands Bitcoin Mining Ambitions, Develops 3nm Mining Chip appeared first on Cryptonews
Canaan Executives Plan to Buy $2 Million in Company Shares, Citing Deep Undervaluation
23.4.2024
Two executives of the bitcoin mining rig maker Canaan intend to jointly purchase at least $2 million worth of company shares, claiming the company is "deeply undervalued," despite revenue decline.
The post Canaan Executives Plan to Buy $2 Million in Company Shares, Citing Deep Undervaluation...
Jack Dorsey’s Block Targets Chip Advancement With 3nm Bitcoin ASIC Mining Rig
23.4.2024
On Tuesday, Jack Dorsey, the founder of Block, took to X to announce that the company is “building a mining rig.” Dorsey also shared a blog post authored by Block’s lead for mining hardware products, Naoise Irwin. The post revealed enhancements in the chip design, upgrading from...
Jack Dorsey’s Block announces development of ‘full Bitcoin mining system’
23.4.2024
The Block — then Square — CEO initially suggested the idea of a collaborative approach to decentralize Bitcoin mining in October 2021
Ground-breaking Project in Finland Uses Bitcoin Mining to Heat Homes
23.4.2024
A new ground-breaking project in Finland is turning energy from Bitcoin mining into energy to heat homes.
The post Ground-breaking Project in Finland Uses Bitcoin Mining to Heat Homes appeared first on Cryptonews
Paypal Promotes Low-Carbon Bitcoin Mining With New Research Paper
23.4.2024
Paypal, in collaboration with Energy Web and DMG Blockchain Solutions Inc., has introduced an approach to promote environmentally sustainable practices in bitcoin mining. This research-backed initiative encourages miners to utilize low-carbon energy sources by offering financial incentives. Paypal...
Exclusive ‘Epic Satoshi’ Auction Launches, Bids Already Double to 2 BTC
23.4.2024
Coinex has launched the auction for the ‘epic satoshi’ from the fourth halving, originally mined by the mining pool Viabtc. This event, marking Sat # 1,968,750,000,000,000, commenced with a starting bid of 1 bitcoin. Following ten subsequent bids, the highest offer has reached...
Crypto Exchange Coinex Set to Auction ‘Epic Satoshi’ From Halving Block for 1 BTC Minimum
22.4.2024
At 8:09 p.m. ET on April 19, 2024, the mining pool Viabtc successfully excavated block 840,000. This block notably encompassed 37.625 bitcoins from transaction fees, alongside a 3.125 bitcoin reward. This significant block also included a rare bitcoin element known as the “epic sat,”...
Chinese Embassy Advises Citizens in Angola to Avoid Crypto Mining
22.4.2024
The Chinese Embassy in Angola has cautioned its citizens residing in the African nation to refrain from mining cryptocurrencies, as this activity is now considered a criminal offense. The embassy has also urged its citizens to be vigilant of virtual currency schemes that exploit users’ aspirations...
Bitcoin Miners Reap Windfall as 'Runes' Debut Sends Transaction Fees to Record Highs
21.4.2024
The Bitcoin "halving" was supposed to dramatically chop revenue of bitcoin mining companies. Instead, the simultaneous launch of Casey Rodarmor's Runes protocol has ignited a flurry activity on the oldest and largest blockchain, driving up fees
Kenyan Volcano Turns on Lights in Rural Homes with Jack Dorsey’s Bitcoin Mining Support
21.4.2024
In a remote region of Kenya, a group of Bitcoin miners has found an innovative way to power their operations and bring electricity to rural homes.
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