The recently introduced Tether BTC mining software’s primary aim is to enhance the efficient management of mining capacity. Tether developers are set to release innovative JavaScript libraries created to facilitate the transmission of commands and signals to Bitcoin (BTC) mining hardware, including WhatsMiner, AvalonMiner and Antminer. In a post shared on X (formerly Twitter) by Paolo Ardoino, the…
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Blockchain mining software firm DEBT Box has been accused of lying to investors about its involvement in crypto mining and its “node licenses.” The United States Securities and Exchange Commission has obtained a temporary asset freeze against Utah-based crypto company Digital Licensing Inc., accusing the firm of perpetrating a $50 million fraudulent crypto scheme. On…
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Blockware Solutions account executive David Gamble told Market Talks host Ray Salmond that the crypto market will hit a $10 trillion market cap in the next few years. On the latest episode of Market Talks, host Ray Salmond spoke with Blockware Solutions account executive David Gamble about the future of Bitcoin (BTC) mining, expectations for…
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Genesis Digital Assets (GDA), one of the world’s largest bitcoin mining companies, has opened three new data centers in the western region of South Carolina. The facilities represent GDA’s continued expansion in the United States, where its data centers now account for over 2% of Bitcoin’s total hashrate. Genesis Digital Assets Reveals 3 New South…
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As per the data compiled for the month of July, bitcoin miners discovered a total of 4,366 blocks, collectively accruing approximately $844.56 million in block rewards and fees. This figure marks an estimated increase of $60.8 million from the previous month. July’s Bitcoin Mining Landscape: Top Pools Capture 65.65% of Global Hashrate On July 31,…
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The company has 400 MW of capacity spread across three continents, but most of its power is concentrated in Texas. Bitcoin miner Genesis Digital Assets (GDA) announced on Aug. 1 that it has launched three new data centers in the American state of South Carolina. The facilities came online in February and March. The facilities…
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According to recent Bitcoin data, the count of pending transactions, still awaiting confirmation, has plummeted beneath the 300,000 mark, while onchain fees have seen a reduction over the past week. Starting from July 29, the average onchain fees have fallen below the $1 threshold for each transaction, and as of July 31, 2023, the average…
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A Malaysian energy supplier uncovered an illegal cryptocurrency mining operation stealing power from the local grid on the island nation of Borneo. Authorities in the town of Miri on the island of Borneo shut down an illegal cryptocurrency mining operation and seized equipment following a tip-off from the public. According to local news outlet The Borneo…
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A covert cryptocurrency mining operation, suspected of electricity theft, was uncovered in a Marina Square shophouse in Miri, Malaysia. Representatives from the Sarawak police and Sarawak Energy plant revealed that the successful operation was made possible by a tip-off from the public. Malaysia’s Sarawak Energy and Police Uncover Illegal Crypto Mining Camp in Miri The…
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Stronghold Digital Mining announced Thursday it has acquired 2,000 application-specific integrated circuit (ASIC) bitcoin mining rigs from Canaan. The new machines, costing $3 million, will be delivered to Stronghold’s Panther Creek facility in the third quarter. Stronghold Digital Mining Acquires 2,000 Avalon A1346 Bitcoin Miners Although 2022 wasn’t an exceptional year for bitcoin mining operations,…
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