Riot Blockchain Buys 15,000 Antminers, Operation Will Command 37,640 Bitcoin Miners

Riot Blockchain Buys 15,000 Antminers, Operation Will Command 37,640 Bitcoin MinersPublicly listed firm Riot Blockchain has announced the company is purchasing 15,000 S19 Pro and S19j Pro Antminer mining rigs from Bitmain. According to the company, the new shipment of next-generation miners will increase the operation’s hashrate to 3.8 exahash per second (EH/s). Following the announcement from Core Scientific this week purchasing over 58,000 Antminer […]

The post Riot Blockchain Buys 15,000 Antminers, Operation Will Command 37,640 Bitcoin Miners appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitcoin’s Rise Causes Shortage of Mining Rigs, Most Units Sold Out, Miners Concerned About Supply

Bitcoin's Rise Causes Shortage of Mining Rigs, Most Units Sold Out, Miners Concerned About SupplyWhile the bitcoin economy has swelled in value, the overall network hashrate has gradually climbed higher as miners are making a lot of money confirming blocks. However, obtaining bitcoin mining rigs isn’t so easy these days, and regional reports from China indicate a great number of ASIC manufacturers are sold out for months. Moreover, because […]

The post Bitcoin’s Rise Causes Shortage of Mining Rigs, Most Units Sold Out, Miners Concerned About Supply appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitcoin Transaction Fees Spike 350% in a Month, as ETH Fees Decline

Bitcoin Transaction Fees Spike 350% in a Month, as ETH Fees DeclineBitcoin transaction fees are on the rise again. Fees shot up more than 350% during the last thirty days to Oct. 22. The most significant increase occurred in the last week, as the price of bitcoin soared on growing institutional interest. According to data by Bitinfocharts, it cost an average of $5.75 to send a […]

The post Bitcoin Transaction Fees Spike 350% in a Month, as ETH Fees Decline appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitcoin Miner Maker Ebang Narrows First Half Loss To $7 Million, as Covid-19 Hit Demand

Bitcoin Miner Maker Ebang Narrows First Half Loss To $7 Million, as Covid-19 Hit DemandEbang International Holdings Inc., the Chinese maker of bitcoin mining hardware, reported a net loss of $6.96 million during the first six months of this year, down from $19.07 million a year ago, as demand fell due to the coronavirus pandemic. Revenue plunged 51% to $11.04 million from $22.35 million previously, said the company in […]

The post Bitcoin Miner Maker Ebang Narrows First Half Loss To $7 Million, as Covid-19 Hit Demand appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Fees Bonanza: Ethereum Miners Pocket a Record $113 Million From Fees in August

Fees Bonanza: Ethereum Miners Pocket a Record $113 Million From Fees in AugustEthereum miners are making a killing from transaction fees. In August alone, the miners raked in a total of $113 million in profit, up more than 3,660% from the $3 million earned in April, according to the latest data from Glassnode. This is the highest ether miners have earned from transaction fees ever. The previous […]

The post Fees Bonanza: Ethereum Miners Pocket a Record $113 Million From Fees in August appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Sichuan’s Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners

In mid-August officials from the Chinese province of Sichuan approved a number of enterprises that mine bitcoin for legal hydropower consumption in the region. Following the local government of Ya’an city deciding to foster mining, officials from Chengdu recently spoke about welcoming crypto mining at the Hashcon 2020 event as well as bolstering a blockchain […]

The post Sichuan’s Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Official Notice Says Cheap Electricity to End for Inner Mongolian Bitcoin Miners

Official Notice Says Cheap Electricity to End for Inner Mongolian Bitcoin MinersRegional reports say that officials from Inner Mongolia delineated 21 bitcoin mines, as the region plans to stop subsidized electrical rates for certain data firms. Unless the bitcoin mining facilities pack up and migrate, mining farms may see an electrical price increase by one third. The Chinese newsdesk Weixin revealed that bitcoin mining farms located […]

The post Official Notice Says Cheap Electricity to End for Inner Mongolian Bitcoin Miners appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Sichuan Officials Continue to Foster the Relationship Between Bitcoin Mining and Hydropower

Sichuan Officials Continue to Foster the Relationship Between Bitcoin Mining and HydropowerThe province of Sichuan is well known for being one of the largest concentrations of bitcoin miners on earth because electrical costs are extremely cheap in the region. Data shows that miners using hydropower in Sichuan are paying between 0.065-0.075 yuan or $0.01 per kilowatt-hour. According to regional reports, a number of enterprises that mine […]

The post Sichuan Officials Continue to Foster the Relationship Between Bitcoin Mining and Hydropower appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitcoin Price Dump: Miners Start Selling 9,000 BTC, Possibly Opening Bear Cycle

Bitcoin Price Dump: Miners Start Selling 9,000 BTC, Possibly Opening Bear CycleBitcoin miners on Tuesday transfered nearly 3,000 bitcoin, worth around $28 million, directly into exchange wallets. Several thousand others were likely moved via over-the-counter (OTC) deals. Direct exchange transfers represent the largest flow of bitcoin (BTC) from miners to such platforms in over a year, according to Glassnode data. The bulk of the volume of […]

The post Bitcoin Price Dump: Miners Start Selling 9,000 BTC, Possibly Opening Bear Cycle appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico