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Police in Malaysia’s Jahor state have busted a seven-men gang that stole 8.6 million Malaysian ringgits ($2.15 million) worth of electricity to mine bitcoin and other cryptocurrencies. ● Police said they seized 1,746 bitcoin (BTC) mining machines across 21 premises in raids carried out between Feb.15 and Feb.16, the Malay Mail reported. The miners are … Read more
Regardless of Bitcoin’s price or future economic scenarios, Bitcoin mining will be a profitable activity. Go to Source Powered by WPeMatico
Bitcoin energy consumption has been at its highest historical levels since late 2020, according to Digiconomist’s Bitcoin Energy Consumption Index. Go to Source Powered by WPeMatico
Argo Blockchain said Wednesday that it bought 172.5 bitcoins in the second half of January as part of its asset management strategy. ● In a trading update, the London Stock Exchange-listed bitcoin miner also reported strong revenue growth during the review month, climbing 52% to £2.48 million ($3.37 million) from £1.63 million ($2.21 million) in … Read more
Bitcoin mining rig manufacturers are dealing with a semiconductor supply crunch according to regional reports stemming from China. There’s been a global semiconductor supply shortage and it’s affecting nearly every type of business in the supply chain that manufactures cars, PCs, laptops, smartphones, and cryptocurrency mining devices. Moreover, the recent shortage has invoked the demand … Read more
Stack Funds’ analysis suggests that Bitcoin’s floor price has yet to be found as the Chinese New Year approaches. Go to Source Powered by WPeMatico
After corporate infighting temporarily halted chip shipments in 2020, Bitmain’s Antminer team says business will resume as normal following former CEO Jihan Wu’s departure. Go to Source Powered by WPeMatico
Foundry entered the cryptocurrency mining game in August 2020. Go to Source Powered by WPeMatico
Marathon Patent Group announced Monday that it bought 4,813 bitcoins in a deal worth $150 million. The firm joins the growing list of publicly listed companies holding bitcoin in their treasuries. Merrick Okamoto, chairman and chief executive officer of Marathon, said the Nasdaq firm is buying bitcoin (BTC) as a reserve asset. “We…believe that holding … Read more
At the end of January 2021, Bitcoin’s network mining difficulty, a measure of how complicated it is to mine a block reward, is higher than it’s ever been during the crypto protocol’s lifetime. Currently, Bitcoin’s mining difficulty is a whopping 20.8 trillion but despite the handicap, bitcoin miners have continued to keep the network’s hashrate … Read more