Tagged: btc mining

Bitcoin Mining: Supercomputing Solution Provider, Canaan, Delivers 2000 Avalon Miner Units in Kazakhstan

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

Compass Mining, an Online Marketplace for Bitcoin Mining Hardware, Launches Compass Payment Plan

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

Bitcoin (BTC) Mining Difficulty Increases Again, Marking its Longest Streak Since Feb 2020: Report

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

On-chain Bitcoin Activity Reverses Multi-Month Decline Streak with Increases in Avg. Daily Transactions, Payments: Report

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

Bitcoin (BTC) Network Difficulty Reset Took Target Hashrate to 111 EH/s, Up 7% Over Prior Epoch: Report

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

Hedera Hashgraph Devs Report Going Carbon Negative

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

Bitcoin Mining Economics Improve in BTC Terms, but Weaken in USD Terms, Hashrate Might have Bottomed: Report

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

Bitcoin Mining Ban in China Moving Forward Aggressively as Nearly All Local Miners Appear to be Offline: Report

China’s Bitcoin mining ban has been moving forward in an aggressive manner, which has led to a rapid decline in hashrate or the amount of computing power required to secure the BTC network. The team at BitOoda notes in a blog post, dated June 29,… Read More

Bitcoin Mining in Iran Banned for 4 Months, Hundreds of Unregistered BTC Miners Seized by Government: Report

Zack Voell, a cryptocurrency mining specialist, writes in a blog post published by Compass that Iran has banned Bitcoin mining for four months in the country’s most recent “legal pivot” away from the “begrudged but enduring segment of miners” operating in the country. Voell points… Read More

Nasdaq listed Bitcoin Mining Hardware Firm Canaan Launches After-Sales Office in Kazakhstan

Canaan Inc. (NASDAQ: CAN), an established high-performance computing solutions provider, revealed on Monday (June 7, 2021) that it has launched its first international after-sales service center, based in Kazakhstan. According to a release shared with CI, the new Service Center will offer Canaan‘s domestic clients… Read More

Chinese Government Might Impound Bitcoin Mining Hardware, Taking Out BTC Hashpower Permanently: Report

The team at BitOoda, a global digital asset financial technology and services platform offering risk management solutions, “best-execution” brokerage and market analysis, notes that based on questions they’ve been getting from their clients and partners, they’re now sharing their latest analysis of “potential scenarios” resulting… Read More

China has Not “Banned” Bitcoin Again, but Will Be Adopting Stricter Measures for Crypto-related Activity: Report

Digital asset firm OKEx, which claims to be the world’s largest spot and futures trading platform for cryptos, has clarified that China has not actually banned or attempted to ban Bitcoin (BTC) again. While sharing what they know, the OKEx team noted in a blog… Read More

New Crypto Market Entrants After Tesla’s $1.5B BTC Purchase May Have Sold their Bitcoin Holdings to Stronger Hands: Report

Nate Maddrey and the Coin Metrics research team notes that during the past two weeks, crypto was hit by a “double tsunami” of seemingly negative news. Tesla (NASDAQ:TSLA) and SpaceX CEO Elon Musk announced that Tesla would no longer be taking Bitcoin payments while adding… Read More

Bitcoin Mining Operators in N. America Agree in Meeting with Elon Musk to Form Council to Promote Energy Usage Transparency

Michael Saylor, Founder at CEO at MicroStrategy (NASDAQ: MSTR), a business intelligence firm that has invested heavily in Bitcoin (BTC) in order to strengthen its corporate treasury, has revealed that he recently hosted a meeting between Telsa and SpaceX CEO Elon Musk and the leading… Read More

Coinbase Addresses Misconceptions and Myths about Bitcoin (BTC) Mining, Environmental Issues

As Bitcoin (BTC) has become increasingly popular, questions regarding how it actually works have arisen among investors and the general public. One of the most pressing questions is regarding the potential environmental impact of cryptocurrency mining, which is the process the blockchain or distributed ledger… Read More

Bitcoin Mining Firm HASHR8 Says US and other First World Nations Might Make Crypto Mining “A Strategy to Maintain Power”

John Lee Quigley, who’s focused on building Bitcoin media and research products at HASHR8 Inc, a cryptocurrency mining and media firm that aims to support the “decentralized growth” of hashrate (or computing power used to secure digital currency networks) while enhancing the security of blockchains,… Read More

Shares of Bitcoin Mining Firm Marathon Patent Group Surged 20% on Wednesday, Company Joins Billion-Dollar Crypto Mining Group

Shares of digital currency mining firm Marathon Patent Group (NASDAQ: MARA) surged approximately 20% on Wednesday (January 6, 2021). This led to the firm becoming the latest member of the $1 billion digital-mining group, as the Bitcoin (BTC) price surpassed the $37,000 mark to hit… Read More

Bitcoin Analyst Argues that BTC Mining Is Not Wasteful, but Rather an Efficient Process to Secure a Highly Valuable Network

As Bitcoin (BTC) continues to set new highs, it became clear to many people that the digital asset could serve as a hedge against the traditional financial system. This year, many well-known investors, including Stanley Druckenmiller (a hedge fund manager with a net worth of… Read More

Bitcoin Mining Difficulty Approaches All-Time Highs, as Number of BTC Addresses with 1 or More Coins Keeps Rising

Bitcoin (BTC) mining difficulty, which aims to measure the amount of resources needed to compete for mining newly minted BTC, had increased by around 9% in the past 24 hours (at the time of writing). According to data from Glassnode, an on-chain market analysis provider,… Read More

Bitcoin (BTC) Miners Profitability Further Improved due to Lower Mining Difficulty Level: Report

The Antminer S19 Pro price has surged around 30% since October 2020 after the Bitcoin (BTC) price began to rise. As confirmed by the HASHR8 team, the Bitcoin price increases have “widened profit margins for miners but capital expenditure costs are also rising.” John Lee… Read More

Send this to a friend