Tagged: crypto mining

February 25, 2022 @ 10:59 am By Omar Faridi  |  

Recently, network difficulty on the Bitcoin (BTC) network surged around 4.8% as total hashrate (or the amount of computing power securing the leading cryptocurrency network) exceeded 200 EH/s for the “first time ever.” The team at Compass Mining noted that “breaking through mining profitability’s gloomy… Read More

February 15, 2022 @ 6:51 pm By Omar Faridi  |  

Bitcoin’s energy usage and its “indirect” environmental impact have been a topic of heated discussions, from “humble” beginnings in early forum posts of Satoshi Nakamoto (the pseudonymous creator of Bitcoin), to its eventual culmination as the topic of an entire committee hearing in the US… Read More

January 30, 2022 @ 12:21 pm By Omar Faridi  |  

Kazakhstan, which is reportedly the world’s second-largest miner of Bitcoin (BTC), the flagship cryptocurrency, has closed down its digital currency mining operations until the end of this month. Kazakhstan‘s State electricity provider KEGOC decided to cut off the supply to the virtual currency miners after… Read More

January 18, 2022 @ 9:17 am By Omar Faridi  |  

Brandon Bailey, a crypto mining analyst at Galaxy Digital, notes that a strong Bitcoin bull market, “authoritarian” crackdown on cryptocurrency mining in China and “flight to North America” seems to have flipped the international hashrate economy on its head during 2021. In a recent report,… Read More

January 2, 2022 @ 3:43 pm By Omar Faridi  |  

Bitcoin (BTC) ended 2021 at an average price of $47,400, as Ray Dalio noted that BTC has “proven itself.” Meanwhile, MicroStrategy (Nasdaq: MSTR) continued to acquire more of the leading cryptocurrency to strengthen its corporate treasury, the team at Blockstream noted in a recent market… Read More

December 31, 2021 @ 11:42 am By Omar Faridi  |  

Compass Mining, which claims to be the first and largest online marketplace for Bitcoin mining hardware and hosting, has commented on the relationship between BTC’s hashrate and the leading cryptocurrency’s issuance rate. According to mining analyst Mitch Klee, the inflation rate is “tied to hashrate… Read More

December 20, 2021 @ 10:09 pm By Omar Faridi  |  

The team at Compass Mining writes in a blog post that it is noticeable that in every crypto bull market, there seems to be “a lot of new entrants.” As noted by Compass Mining, a frenzy takes place and people get really excited when they… Read More

December 18, 2021 @ 3:21 pm By Omar Faridi  |  

BitOoda, an international digital asset financial technology & services platform offering risk management solutions, best-execution brokerage & expert market analysis, notes that Bitcoin declined 3.3% week-on-week, settling at around $48,830 as of midnight UTC on December 15, but has now dropped further to about $46,300 at… Read More

December 5, 2021 @ 5:41 pm By Omar Faridi  |  

Bitcoin-focused Fintech firm Blockstream has published its Markets Weekly report., Blockstream‘s report, dated December 3, 2021, notes that Fidelity has established a new BTC ETF in Canada, while GS is considering BTC lending. As mentioned in the report, VanEck has filed for a mining ETF,… Read More

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

October 20, 2021 @ 11:59 am By Omar Faridi  |  

Atlas Technology Group LLC, a leader in the digital asset space and one of the largest ASIC mining firms; and Compute North, a company focused on mining infrastructure, have announced a new hosting service agreement under which Compute North will offer more than  100MW colocation… Read More

October 19, 2021 @ 7:59 am By Omar Faridi  |  

BIT Mining Limited (NYSE: BTCM), a technology-driven cryptocurrency mining firm, announced that it has “strengthened” its collaboration with Viking Data Centers, LLC. BIT Mining Ltd said it will increase its investment in the Ohio crypto mining data center, which is being developed with Viking Data… 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

October 10, 2021 @ 4:43 pm By Omar Faridi  |  

Viridi Funds, a registered investment advisor and emerging asset manager offering environmentally-focused cryptocurrency investment products, reveals that the Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF (NYSE: RIGZ) achieved the milestone of $10 million in AUM. Adding to Viridi’s steady growth, it has also hired Cameron… 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

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 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