Mining
Over the past week, data reveals that the Bitcoin blockchain has witnessed the departure of nearly 100 exahash per second (EH/s) of hashrate. Much of that exodus unfolded after difficulty climbed to 123.23 trillion on April 19. Will the Upcoming Retarget Restore Bitcoin’s Equilibrium on May 4? Data from hashrateindex.com shows that 91 EH/s has […]
Mountain City may soon welcome a bitcoin mining operation, as Cleanspark has secured preliminary backing from local planners, contingent upon final evaluations of the site and energy arrangements. Cleanspark’s Bitcoin Mining Facility Proposal Moves Forward in Mountain City The Mountain City Planning Board has expressed early favor toward a bitcoin mining data center proposed by
Cleanspark Nears Approval for Tennessee Bitcoin Mining Facility Read More »
The average cost to mine one Bitcoin (BTC) increased sharply in the fourth quarter of 2024, reaching $82,162 among publicly listed miners, representing a 47% quarterly increase, according to a recent CoinShares industry report. The report pointed out that accelerated hardware deployment, tax expenses, and growing non-cash charges related to depreciation and stock-based compensation are
Bitcoin mining costs soar 47% to $137K in Q4 amid rising input costs, tax liabilities Read More »
The Paraguayan Industrial Union (UIP) stated that if demand continues to rise due to the growth of bitcoin mining activities, Paraguay’s power grid could collapse as early as 2029. The union proposed diversifying the nation’s energy sources and reducing dependence on hydroelectricity. Bitcoin Mining Demand Might Spur Energy Collapse in Paraguay by 2029 Paraguay, a
Alert: Bitcoin Mining Could Collapse Paraguay’s Power Grid by 2029 Read More »
Riot Platforms, Inc. (NASDAQ: RIOT) has announced a $100 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN). This multiple drawdown term loan facility will be available to Riot over a two-month period following the execution date. The company plans to utilize the proceeds for key strategic initiatives and
Coinbase Provides $100 Million Credit Facility to Bitcoin Mining Company Riot Platforms Read More »
Three more regions in Russia have applied to join others in limiting bitcoin mining activities due to the high energy consumption of these operations. The Ministry of Finance stated that it is still undecided whether these new regions will impose a full mining ban or only restrictions during the heating season. Russia Attacks Bitcoin Mining
Russia May Expand Bitcoin Mining Restrictions to Additional Regions Read More »
Bitcoin miners face the tightest margins since 2023, warns theminermag.com’s Head of Research Wolfie Zhao, as hashprice flirts with critical break‑even territory. Trump Tariffs Add Jitters to Miners Already Hit by Rising Difficulty, Study Finds According to theminermag.com data compiled by Wolfie Zhao, hashprice temporarily fell below $40 per petahash per second in early April,
Hashprice Below $40? Mining Report Paints a Stark Picture for Bitcoin Miners Read More »
After the network achieved an all‑time high of 926 exahash per second (EH/s) and experienced a 1.42% difficulty bump to 123.23 trillion, roughly 52 EH/s have exited the network since April 17. Difficulty Spike and Hashrate Drop Lengthen Block Times Bitcoin’s computational capacity has eased since last Thursday, when it reached 920 EH/s—just shy of
From 920 EH/s to 868 EH/s: Bitcoin’s Hashpower Takes a 50 EH/s Hit Read More »
The following is a guest post and opinion from Vince Kadar, CEO of Polymath. The global crypto landscape is evolving rapidly, and Pakistan is no exception. US President Donald Trump’s pro-crypto policies have influenced the Pakistani government’s stance, transforming it from a crypto-averse nation into one that is actively working to build a crypto-friendly economy.
Public-private collaboration is shaping Pakistan’s crypto economy Read More »
Around 4 a.m. Eastern time Saturday, when Bitcoin’s block height reached 893,088, the network difficulty ratcheted upward to a new all‑time high, making the quest for new blocks considerably more difficult for miners. Block 893,088 Triggers Another All‑Time High in Mining Complexity After the prior adjustment delivered a 6.81% gain, Bitcoin’s difficulty has climbed anew.
Bitcoin Miners Press on as Difficulty Climbs 1.42% in Early Saturday Adjustment Read More »
