ASICs – DIGIT INFO

CleanSpark’s mining expansion continues with Wyoming facilities

DIGIT — Thu, 01 Aug 2024 18:17:07 +0000

The US miner is now the second-largest by market cap, after flipping Riot Platforms.

Bitcoin miner Marathon increases 2024 hash rate target to 50 EH/s

DIGIT — Fri, 26 Apr 2024 02:07:20 +0000

If Marathon reaches its 50 EH/s target, it would mark more than a 100% increase in the firm’s hash rate since the start of 2024.

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The economics of cryptocurrency mining: Costs, revenues and market trends

DIGIT — Sat, 18 Feb 2023 14:15:04 +0000

Explore the economics of cryptocurrency mining and the challenges and opportunities that exist in this rapidly evolving industry.

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Demand for Cryptocurrency Miners Rises in Russia Amid Low Prices of Hardware

DIGIT — Sun, 04 Dec 2022 05:00:03 +0000

Russia’s market for specialized crypto mining equipment has been seeing high demand over the past couple of months, with buyers attracted by the low price tags. Russian experts also predict an increase in the supply of used coin minting hardware as large foreign companies leave the industry. Russian Demand for Powerful ASIC Miners Skyrockets in […]

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Hive Blockchain revenue declines by 44% Y/Y despite overall mining production surge

DIGIT — Tue, 15 Nov 2022 18:15:00 +0000

The company mined 31% more Bitcoin than in the same quarter last year.

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Sub-$20K Bitcoin price puts BTC miner profits under pressure as hash rate soars

DIGIT — Tue, 25 Oct 2022 18:30:00 +0000

Soaring hash rate, high electricity costs and BTC price hovering under $20,000 for months is complicating matters for Bitcoin miners.

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A Look at the First Phone-to-Phone Bitcoin Transfer Using a Nokia N900 Smartphone

DIGIT — Sun, 23 Oct 2022 21:30:16 +0000

When Satoshi Nakamoto created Bitcoin, the full node client came with a wallet often referred to as Bitcoin-Qt. Nakamoto’s simplified payment verification (SPV) concept was not available until two years later, after the former Bitcoin Core developer Mike Hearn published BitcoinJ in 2011. However, prior to the first SPV client or optimized lightweight bitcoin wallet, […]

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Bitdeer Sets Up $250M Fund to Acquire Assets From Financially Distressed Bitcoin Miners

DIGIT — Wed, 28 Sep 2022 04:30:10 +0000

According to a representative from the bitcoin mining company backed by the Chinese crypto billionaire Jihan Wu, Bitdeer is crafting a $250 million fund to buy distressed assets from embattled bitcoin miners. Bitdeer’s chief executive officer Matt Kong details that “opportunities” arise in “every cycle.” Bitdeer Wants to Acquire Cheap Machines From Distressed Bitcoin Miners […]

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World’s Largest ASIC Producer Bitmain Slashes Antminer Bitcoin Mining Rig Prices

DIGIT — Wed, 21 Sep 2022 17:30:07 +0000

The world’s largest producer of application-specific integrated circuit (ASIC) bitcoin miners, Bitmain Technologies, has revealed the company is offering a discount on Antminer S19 Pro mining rigs. The 100 terahash per second (TH/s) machine is selling for $19 per terahash or $1,900 per unit. The Antminer mining rigs are 80% cheaper than they were five […]

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These Are the Most Profitable Proof-of-Work Algorithms Since Ethereum Moved to Proof-of-Stake

DIGIT — Sat, 17 Sep 2022 15:30:07 +0000

Since the transition from proof-of-work (PoW) to proof-of-stake (PoS), ethereum cannot be mined and miners are now dedicating hashrate to different PoW chains. Since ethereum can no longer be mined, the most profitable PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32. Five days ago, before The Merge, the consensus algorithm Ethash was the most profitable, […]

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