Category: Mining

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Bitcoin Mining Expansion Heats Up: Crypto Miner Secures Underground Bunker, Cleanspark Snags Turnkey Mining Site

September 11, 2022

Bitcoin mining operations continue to truck on through the crypto winter as a number of miners have revealed expansion plans during the last week. Following the acquisition of 10,000 ASIC Antminers, Cleanspark revealed it acquired a turnkey bitcoin mining facility from Mawson Infrastructure. Reports note that Arsenal Digital Holdings acquired an underground data center outside…
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While Bitcoin’s Hashrate Grew by 22,900% in 6 Years, Discovering Block Rewards Is Far More Difficult

September 10, 2022

Over the past 12 months, Bitcoin’s hashrate has increased by 85.77%, while 53,547 blocks were mined and 334,668.75 new bitcoin were minted into circulation. More than two dozen bitcoin mining pools have dedicated hashrate toward the Bitcoin blockchain during the last six years, and while the hashrate is 22,900% higher, the number of bitcoins found…
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CleanSpark acquires mining facility in Georgia for $33 million

September 9, 2022

This is the second deal the company announced this week citing “substantially discounted price.” Crypto mining firm CleanSpark announced an agreement on Friday to acquire Mawson’s Bitcoin mining facility in Sandersville, Georgia for $33 million. The deal is anticipated to increase CleanSpark’s hash rate by 1.4 exahashes per second (EH/s) in the next few months,…
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4 Crypto Tokens Reap Hashpower From The Merge, ETC Secures Most of the Hashrate Leaving ETH

September 9, 2022

20 days ago, a poll was shared on Twitter asking miners where they planned to dedicate their hashrate, after The Merge transitions Ethereum into a proof-of-stake (PoS) blockchain. The proof-of-work (PoW) contenders at the time were tokens like ravencoin, ergo, flux, and ethereum classic. When the poll concluded, flux and ravencoin outpaced the pack in…
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Ethereum Merge Could Trigger Surge of interest in Staking and Entice Institutional Buyers

September 9, 2022

Ethereum is in the final stages of preparations to switch from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS). This event, which is referred to as the Merge, is expected to have several benefits for Ether (ETH) – the native token of the Ethereum blockchain. … Read More: Ethereum Merge Could Trigger Surge of interest…
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White House science office looks at crypto’s effect on climate, despite scarce data

September 9, 2022

The White House Office of Science and Technology Policy reaches mixed conclusions about crypto and the climate, against a background of rapid technological change. The White House Office of Science and Technology Policy (OSTP) has weighed in on the environmental and energy impact of crypto assets in the United States, finding that crypto makes a…
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Coinbase’s Battle Over Tornado Cash, White House Not Happy With Bitcoin Mining + More News

September 8, 2022

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.  __________… Read More: Coinbase’s Battle Over Tornado Cash, White House Not Happy With Bitcoin Mining + More News  Read more »Sign up for e-EUR – the progressive stablecoin

Bitcoin Mining Firm Cleanspark Purchases 10,000 Bitmain Miners for $28 Million

September 7, 2022

The bitcoin mining company Cleanspark revealed on Wednesday that the company has signed a purchase agreement for 10,000 new Bitmain Antminer S19j Pro mining rigs for $28 million. Cleanspark expects the machines to be delivered to the company’s facilities by the end of October or early November 2022. Cleanspark Inks Deal with Cryptech Solutions —…
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Pre-Ethereum Merge Moves, Hope for Voyager Clients, Nexo Launches Crypto Exchange + More News

September 7, 2022

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.  __________… Read More: Pre-Ethereum Merge Moves, Hope for Voyager Clients, Nexo Launches Crypto Exchange + More News  Read more »Sign up for e-EUR – the progressive stablecoin

BTC Mining Pool Poolin Suspends Wallet Withdrawals in Bid to ‘Stabilize Liquidity’

September 6, 2022

The bitcoin (BTC) mining pool Poolin’s wallet arm – PoolinWallet – has announced that it will be “temporarily” suspending all withdrawals in a bid to “preserve assets and stabilize liquidity.” The pool blamed the issue on a spike in withdrawal requests…. Read More: BTC Mining Pool Poolin Suspends Wallet Withdrawals in Bid to ‘Stabilize Liquidity’…
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