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Bitcoin Halving Has Crypto Miners Racing for 'Epic Sat' Potentially Worth Millions
15.4.2024
Bitcoin's once-every-four-years "halving" this week may be very different from those of earlier epochs, typically ho-hum affairs. Now, an intense competition is underway to mine the first block after the halving, which could contain a rare and collectible fragment of a bitcoin known as an "epic...
Kiyosaki Reacts to $200 BTC Crash Prediction, Miners Offload BTC Ahead of Halving, and More — Week in Review
14.4.2024
Robert Kiyosaki expressed his stance on potentially investing more in Bitcoin if its price plummets to $200, as economist Harry Dent has forecasted. Cryptoquant data reveals that Bitcoin miners are selling off their holdings in anticipation of the network’s upcoming halving event, which...
Severe Impact Expected for Miners With Outdated Hardware in Upcoming Bitcoin Halving
13.4.2024
Following the downturn in bitcoin’s price on Friday, the hashprice of bitcoin has declined from slightly above $119 per petahash per second to marginally over $116 per PH/s on a daily basis. Should the prices remain low leading up to the forthcoming halving event scheduled for next week...
Concerns Raised Over China’s Influence on US Bitcoin Mining Infrastructure
13.4.2024
Amidst growing concerns about national security and infrastructure vulnerabilities, China's role in the cryptocurrency sphere has become a focal point of discussion.
The post Concerns Raised Over China’s Influence on US Bitcoin Mining Infrastructure appeared first on Cryptonews
A Single Custodian Oversees Nearly Half of Bitcoin’s Block Rewards
12.4.2024
Onchain data indicates that a single custodian now manages the coinbase addresses for at least nine prominent mining pools, which collectively account for 47% of Bitcoin’s total hashrate. The analysis shows that substantial miners’ rewards from pools like F2pool, Antpool, Binance...
Report: Bitcoin Miners Strengthen Reserves Ahead of Fourth Halving
12.4.2024
As we near the anticipated fourth Bitcoin halving event, there are only 1,133 blocks left until we reach block 840,000, with the milestone expected to occur in about a week. Recent data from theminermag.com’s Miner Weekly on Thursday shows that bitcoin miners are conserving their reserves...
Cleanspark to Upgrade Mining Fleet With 100,000 S21 Pro Bitcoin Miners From Bitmain
12.4.2024
The publicly traded bitcoin mining company Cleanspark has exercised its option to acquire 100,000 bitcoin mining machines from Bitmain. The firm initially secured the option last year, and the agreement has now been enhanced to include the latest S21 Pro model from Bitmain, which offers 15 joules...
Bitcoin Difficulty and Hashrate Reach Record Highs as Halving Draws Closer
11.4.2024
Bitcoin’s network difficulty climbed to an unprecedented peak on April 10, 2024, at block height 838,656, increasing by 3.92% to reach 86.39 trillion. This escalation in difficulty will make it increasingly challenging to mine blocks as the fourth halving event nears, with fewer than 1,250...
Auradine Secures $80 Million in Series B to Accelerate Bitcoin Mining Rig Production
10.4.2024
On April 10, the bitcoin mining rig producer Auradine revealed it had secured an $80 million investment in a Series B funding round. Additionally, the company highlighted that it has also achieved $80 million in bookings. Auradine Raises $80 Million, Doubling Down on Teraflux Mining Rig Expansion...
Marathon CEO Credits Bitcoin ETF on Pre-Halving Price Surge
10.4.2024
Fred Thiel, CEO of Marathon Digital Holdings Inc., suggested that recent spot Bitcoin ETF approvals have accelerated the market’s appreciation, typically expected post-Bitcoin halving, by attracting significant capital into the market. Thiel remarked that this shift has led to an unusual...
Bitcoin’s Path to Halving — Anticipated Increase in Difficulty Sets Stage
6.4.2024
Based on current metrics, the Bitcoin blockchain is set to undergo another difficulty adjustment before the halving, with an anticipated increase of 1.2% to 2.16% around April 11, 2024. Following this adjustment, there will be 1,344 blocks remaining until the reward is halved. Estimated Increase...
Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production
5.4.2024
According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that it extracted 294 bitcoins in March, marking a 28.4% enhancement over March...
Bitcoin Mining’s Boon for Small Town America
5.4.2024
Will Foxley’s doc about a small Texas town’s embrace of a new mining facility paints a more positive story about Bitcoin’s impact on rural communities than typically reported
Paraguay Proposes Bitcoin Mining Ban Citing Power Issues
5.4.2024
14 Paraguayan senators have called for temporary prohibition of creation, and storage of cryptocurrencies, and banning crypto mining farms in the territory.
The post Paraguay Proposes Bitcoin Mining Ban Citing Power Issues appeared first on Cryptonews
Arkon Energy Strikes Deal With Bitmain for 27,700 Bitcoin Mining Rigs
3.4.2024
On Tuesday, the Ohio-based bitcoin mining and colocation company Arkon Energy announced its procurement of 27,700 bitcoin mining rigs from Bitmain, equaling a hashpower of 6 exahash per second (EH/s). Ohio’s Arkon Expands Mining Fleet With 6 EH/S Boost From Bitmain Arkon Energy has revealed...
Bitfarms Reports Slight Dip in Bitcoin Production for March 2024 Despite Expansion Efforts
1.4.2024
Bitfarms reported a slight dip in its Bitcoin (BTC) production for March 2024, as it produced 286 BTC, reflecting a decrease of 5% from February and 33% year-over-year.
The post Bitfarms Reports Slight Dip in Bitcoin Production for March 2024 Despite Expansion Efforts appeared first on Cryptonews
Bitfarms Reports Slight Dip in Bitcoin Production for March 2024 Despite Expansion Efforts
1.4.2024
Bitfarms reported a slight dip in its Bitcoin (BTC) production for March 2024, as it produced 286 BTC, reflecting a decrease of 5% from February and 33% year-over-year.
The post Bitfarms Reports Slight Dip in Bitcoin Production for March 2024 Despite Expansion Efforts appeared first on Cryptonews
Bitcoin Miners’ Earnings Hit Record $2 Billion in March Ahead of Halving Event
1.4.2024
In March, bitcoin miners amassed an unprecedented level of revenue not seen in the previous 12 months, hitting a high of $2.01 billion from rewards and transfer fees. Of this total, $85.81 million was earned from transaction fees over the past month. Historic Month for Bitcoin Miners —...
Bitcoin Halving Countdown Contest – $1000 Grand Prize
1.4.2024
As the cryptocurrency community counts down to the 4th Bitcoin halving, expected to take place between April 18 to April 22, Bitcoin.com is launching an exciting new contest to bring attention to and educate about this critical moment in Bitcoin’s history. $1000 giveaway Bitcoin.com is thrilled...
Bitmain Reveals S21 Pro Bitcoin Miner: Pioneering 15 Joules per Terahash
29.3.2024
On Friday, the producer of bitcoin-specific application-specific integrated circuit (ASIC) mining equipment, Bitmain, unveiled the latest Antminer S21 Pro model during the World Digital Mining Summit (WDMS). This new device features a hashrate of approximately 234 terahash per second (TH/s)...