Bitcoin Mining Firms Terawulf and Cleanspark Ramp up Hashrates, Boost Financial Footing
This week witnessed significant expansions in the bitcoin mining sector, with two leading firms unveiling substantial increases in their operational...
Mining
Bitcoin’s Latest Difficulty Retarget Jumps 8.24%: Miners Navigate the Toughest Mining Landscape Yet
Bitcoin’s mining difficulty has hit an unprecedented peak, marking the most significant jump of 2024. On Thursday, at the milestone...
Bitcoin Mining Company Phoenix Group Reports 50% Net Income Increase and 20% Sales Growth
After its oversubscribed initial public offering (IPO), Phoenix Group, a Dubai-based company specializing in bitcoin mining and blockchain infrastructure, has...
Bitcoin Braces for Record Difficulty Surge Ahead of Retarget as Miners Push Network to New Heights
Scheduled for Feb. 15, 2024, the upcoming Bitcoin difficulty retarget is poised to mark a notable upswing in the network....
18 Profitable ASIC Devices and the Dominance of Three Major Manufacturers Revealed – Mining Bitcoin News
According to statistics from mid-May 2023, 18 different application-specific integrated circuit (ASIC) bitcoin mining devices are profitable using today’s bitcoin...
Iran Shuts Down Over 8,000 Illegal Crypto Mining Farms in 3 Years – Mining Bitcoin News
Authorities in Iran have closed down more than 8,000 underground facilities for cryptocurrency mining in the past three years, local...
Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say – Mining Bitcoin News
Increasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in...
Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector – Mining Bitcoin News
The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in...
Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases – Mining Bitcoin News
Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge....
White House Pushes DAME Tax Proposal to Address Alleged Environmental Costs of Crypto Mining – Mining Bitcoin News
On May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured...
Bitcoin Hashrate Reaches All-Time High of 491 EH/s, Close to Half a Zettahash, as Network Preps for Next Difficulty Change – Mining Bitcoin News
While the next difficulty change for Bitcoin is just two days away, the network’s hashrate soared to unprecedented heights, reaching...
Mawson Infrastructure Group Expands to New Bitcoin Mining Site in Ohio, Plans to Boost Hashpower by 1 EH/s – Mining Bitcoin News
Mawson Infrastructure Group announced on Monday that the company has secured a new mining site in Corning, Ohio. The bitcoin...
Bitcoin Difficulty Estimated to Drop After 5 Back-to-Back Increases – Mining Bitcoin News
Bitcoin’s imminent difficulty change appears to be heading towards a possible decrease, marking the first time in over 73 days,...
Terawulf Energizes 50 MW at Nuclear-Powered Bitcoin Mining Facility Nautilus – Mining Bitcoin News
Bitcoin mining company Terawulf has announced the full deployment of its 50-megawatt (MW) stake in the nuclear-powered Nautilus Cryptomine facility....
Bitcoin Miners Contend With Fifth Network Difficulty Increase of 2023 – Mining Bitcoin News
Bitcoin miners are contending with the fifth network difficulty increase since February 24, 2023, following a 1.72% rise on April...
Police in Kosovo Seize Crypto Mining Rigs From Serbs – Mining Bitcoin News
Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of...
China Fines Bitmain $3.6 Million for Tax Violations, Report – Mining Bitcoin News
Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid...
Cleanspark Purchases 45,000 Bitcoin Mining Devices, Adding 6.3 EH/s to Current Fleet – Mining Bitcoin News
On Tuesday, the bitcoin mining company Cleanspark announced that it had purchased 45,000 Antminer S19 XP bitcoin mining devices for...
Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports – Mining Bitcoin News
Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite...
Bitcoin Difficulty Reaches New All-Time High After Fourth Consecutive Increase – Mining Bitcoin News
On April 6, 2023, Bitcoin’s difficulty rose 2.23% higher at block height 784,224, touching another all-time high. It’s the fourth...
March Bitcoin Mining Stats Show Climbing Revenue and Hashrate Highs – Mining Bitcoin News
According to statistics, 4,498 blocks have been mined in the last 30 days, creating 28,112 new bitcoins over the past...
Chatgpt More Useful Than Crypto, Nvidia Tech Chief Says – Mining Bitcoin News
Unlike AI applications such as Chatgpt, cryptocurrencies do not bring “anything useful,” a top executive of U.S. chip maker Nvidia...
