Bitcoin Mining – Page 10

Kenyan President Requests Bitcoin Miner Marathon Digital to Review Nation’s Cryptocurrency Regime

May 6, 2024

The Kenyan President William Ruto recently revealed that his government has appointed Bitcoin mining company Marathon Digital as its consultant to review its cryptocurrency regime. The U.S.-based Bitcoin miner is reportedly set to discuss electricity usage in cryptocurrency mining with the Kenyan Energy Ministry. Kenya’s Policy Shift Kenyan President William Ruto recently announced that his…
Read more

US Coal Miner Uses Excess Power to Mine BTC; Earns 61 Coins in Q1 2024

May 2, 2024

Alliance Resource Partners (ARLP), a coal mining company in the U.S., recently disclosed its use of underutilized electricity loads for bitcoin mining. Cary Marshall, the company’s CFO, revealed that ARLP concluded the first quarter of 2024 with an approximate total of 425 bitcoins. Marshall also stated that during the first quarter, ARLP mined 61 bitcoins…
Read more

Iris Energy Boosts Hashrate to 9 EH/s Amid Declining Bitcoin Miner Earnings

April 30, 2024

This week, the Nasdaq-listed bitcoin miner Iris Energy Limited announced it has boosted its hashrate to 9 exahash per second (EH/s) and aims to reach 10 EH/s in the coming month. This development follows the network’s fourth halving and occurs amid a period when Bitcoin’s hashprice has significantly declined, exerting intense pressure on BTC mining…
Read more

In a Sea of Mining Giants, One Solo Miner Strikes Digital Gold by Finding Bitcoin Block 841,286

April 30, 2024

While bitcoin mining has become increasingly difficult and block rewards have dropped from 6.25 bitcoins to 3.125 bitcoins, a solo miner discovered block 841,286. Bitcoin’s Harsh Mining Climate Yields Treasure for One Solo Entity Mining bitcoin (BTC) has become significantly challenging, with the network’s difficulty reaching an all-time high of 88.10 trillion. This complexity, coupled…
Read more

Dimon Doubles Down on Bitcoin Dislike, SBF to Aid Legal Action Against Celebrities, and More — Week in Review

April 28, 2024

JPMorgan Chase CEO Jamie Dimon has reiterated his critical stance on bitcoin, labeling it a fraud and dismissing its potential as a legitimate currency. Former FTX CEO Sam Bankman-Fried has agreed to a settlement that involves cooperating with legal actions against celebrities linked to FTX’s collapse. U.S. analysts are evaluating the impact of the proposed…
Read more

Marathon Digital Ramps up Bitcoin Mining Goals, Targets 50 EH/s Hash Rate for 2024

April 26, 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 purchasing a 200 megawatt Bitcoin mining center and two additional…
Read more

Runes Protocol Helps Sustain Bitcoin Mining Industry, But There’s A Catch

April 26, 2024

The fourth Bitcoin halving may be considered to be the most memorable, as industry experts believe this event was unlike any other. Bitcoin miners, in particular, were pleasantly surprised, as the recent halving sent BTC transaction fees soaring to record levels. As a result, Bitcoin miners saw an impressive amount in total revenue. According to…
Read more

Is Bitcoin’s Rally Over? Leverage Drops As Halving Highs Fade: Report

April 25, 2024

Recent trends in the crypto market have indicated a notable shift in trader behavior, particularly among those investing in Bitcoin. Using data from CryptoQuant, Bloomberg has revealed that the Bitcoin funding rate—the cost for traders to open long positions in Bitcoin’s perpetual futures—has turned negative for the first time since October 2023. This change suggests…
Read more

‘Epic Satoshi’ From Bitcoin’s 4th Halving Fetches Over $2.13 Million at Coinex Auction

April 25, 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 an astonishing 338 billion percent more than the typical value of a…
Read more

Jack Dorsey’s Block Expands Bitcoin Mining Ambitions, Develops 3nm Mining Chip

April 24, 2024

Jack Dorsey’s payments company Block has shifted its focus from designing chips to developing a full Bitcoin mining system. In a recent blog post, Block unveiled its accomplishment of designing a standalone three-nanometer (3nm) Bitcoin mining chip and disclosed that it is currently collaborating with a leading global semiconductor foundry to finalize the chip’s design. However,…
Read more

Tag: Bitcoin Mining