Tagged: bitcoin mining

November 22, 2021 @ 12:13 pm By Omar Faridi  |  

Canaan (NASDAQ:CAN), a provider of supercomputing solutions, has confirmed the successful delivery of more than 2,000 Avalon Miner units in Kazakhstan, “marking the commencement of joint mining operations by Canaan’s overseas-registered operating entity,” according to an update shared with CI. As mentioned in the announcement, more… Read More

November 3, 2021 @ 10:34 am By JD Alois  |  

Last May, Bitmex published a commitment to become a carbon-neutral crypto exchange. As many people know, crypto transactions can utilize a lot of energy due to the need for computing power. At that time, Bitmex said carbon offsetting was its path to mitigating its carbon… Read More

October 15, 2021 @ 10:45 am By Omar Faridi  |  

Compass Mining, which claims to be the first and largest online marketplace for Bitcoin mining hardware and hosting, announced the launch of its effort to make BTC mining accessible to all — Compass Payment Plan. This new program allows customers to “purchase Bitcoin mining equipment… Read More

September 26, 2021 @ 9:10 pm By Omar Faridi  |  

As widely reported, China has expanded its ongoing cryptocurrency crackdown. This reportedly includes increasing enforcement against illegal digital currency mining, as well as preventing financial transactions involving crypto-assets. The Chinese central bank also confirmed that any trading, order matching, token issuance and derivatives on cryptocurrencies… Read More

September 26, 2021 @ 7:13 pm By Omar Faridi  |  

Bitcoin (BTC) difficulty, a parameter that virtual currencies use to keep the average time between blocks fairly steady as the blockchain network’s hash power changes (where a relatively high difficulty may help with securing the blockchain against attacks), increased for the fifth straight  time –… Read More

September 13, 2021 @ 10:33 pm By Omar Faridi  |  

The team at BitOoda, an international digital asset financial technology & services platform providing next-gen risk management solutions, best-execution brokerage & expert market analysis, notes in a recent crypto market update that Bitcoin (BTC) dropped around 5.1% WoW, settling at $46,187 “as of midnight UTC… Read More

September 13, 2021 @ 7:53 am By Omar Faridi  |  

Blockchain.com, a crypto wallet provider, digital asset exchange, and block explorer service, notes in a recent crypto market report that longtime Bitcoin (BTC) investors have “historically been able to count on two core price dynamics.” As mentioned in a blog post by Blockchain.com, Bitcoin’s price… Read More

September 2, 2021 @ 11:46 pm By Omar Faridi  |  

Roxe, a next-gen international payment network, reveals that it will offer qualifying reserve banks with free access to its global Central Bank Digital Currency (CBDC) Plus Program. The new program will aim to enable countries to issue “new secondary or primary sovereign, fiat currencies backed… Read More

August 26, 2021 @ 10:37 am By Omar Faridi  |  

Riot Blockchain, Inc. (NASDAQ: RIOT), which is one of the leading Nasdaq-listed public Bitcoin mining firms in the US, recently shared its financial results “as of and for the three-months ended June 30, 2021.” Riot Blockchain’s unaudited financial statements are also available via the firm’s… Read More

August 21, 2021 @ 6:32 pm By Omar Faridi  |  

The team at Blockstream, a Bitcoin-focused firm, has released its Markets Weekly Report, dated  August 20, 2021. As noted in the report from Blockstream, Bitcoin is currently on pace “to finish on the top end of this week’s range for the fifth weekly win in… Read More

August 17, 2021 @ 10:03 am By Omar Faridi  |  

The researchers at BitOoda have noted in a recent update that this past Friday’s Bitcoin (BTC) network difficulty reset “took the target Hashrate (or amount of computing power securing the network) to 111 EH/s, up ~7% over the prior epoch.” BitOoda, a global digital asset… Read More

August 16, 2021 @ 6:27 pm By Omar Faridi  |  

Mawson Infrastructure Group Inc. revealed on August 12, 2021, that they had purchased an additional 17,352 of Canaan’s (NASDAQ:CAN) latest generation ASIC Bitcoin miners, adding more than 1.5EH to Mawson’s current operations. The additional 17,352 Avalon A1166 and A1246 BTC miners will be deployed across… Read More

August 8, 2021 @ 12:33 pm By Omar Faridi  |  

The team at Hedera Hashgraph has shared an update on their plans to go Carbon negative. The Hedera Hashgraph team notes that public blockchain and distributed ledger technologies (DLT) have “ushered in a new era of the web.” We now have the infrastructure required to… Read More

July 21, 2021 @ 12:44 am By Omar Faridi  |  

The team at BitOoda, a global digital asset financial technology & services platform providing next-gen risk management solutions, best-execution brokerage & expert market analysis, has released their Weekly Hash Report, dated July, 19 2021. As noted in the report from BitOoda, hashrate or the amount of… Read More

July 13, 2021 @ 4:29 pm By Omar Faridi  |  

The research analysts at BitOoda have published their Weekly Hash report, dated July 12, 2021. The report reveals that cryptocurrency miner economics have improved despite the range-bound Bitcoin (BTC) price. The BitOoda team writes in a blog post that China’s Bitcoin mining ban “continues to… Read More

July 10, 2021 @ 11:26 am By Omar Faridi  |  

Riot Blockchain, Inc. (NASDAQ: RIOT), which is one of the leading Nasdaq-listed Bitcoin mining firms in the US, reveals its June production and operations updates, including its “unaudited” BTC production for the month of June 2021 and its “miner deployment status.” Last month, Riot produced… Read More

July 6, 2021 @ 10:56 am By Omar Faridi  |  

The BitOoda team has shared their Weekly Hash report, dated July 5, 2021. The target Bitcoin (BTC) hashrate is down 28% (on weekend reset), the BitOoda team noted in their latest report. China’s Bitcoin mining ban is “playing out, resulting in target Hashrate falling to… Read More

July 3, 2021 @ 3:47 pm By Omar Faridi  |  

The team at NYDIG, a financial services and technology company dedicated to Bitcoin, has taken a look back at the second quarter and the events that “shaped it,” as well as looking forward to key events in the foreseeable future. The report from NYDIG acknowledges… Read More

July 3, 2021 @ 9:11 am By Omar Faridi  |  

In his latest update on the cryptocurrency markets, prominent Bitcoin investor Anthony Pompliano, has shared key insights on how China’s BTC mining crackdown has impacted on-chain metrics. Well-known industry analyst Will Clemente has covered this week’s Bitcoin situation by looking carefully at on-chain metrics which… Read More

June 30, 2021 @ 11:42 am By Omar Faridi  |  

Nate Maddrey and the Coin Metrics research team notes in their latest State of the Network report that the cryptocurrency markets plummeted again this last week after more news surfaced about stricter Chinese regulation, including the People’s Bank of China (PBoC) instructing the nation’s financial… Read More