Only 2.5 million Bitcoin left to mine
But with Bitcoin demand on the rise, can we expect more scarcity? Go to Source Powered by WPeMatico
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Chinese Mining Rig Manufacturer Microbt Announces Offshore ASIC Factory
On Friday, China-based bitcoin mining rig manufacturer Microbt announced plans to create an offshore facility that produces the company’s Whatsminer devices and parts for North America. The firm revealed the expansion news when it announced a recent partnership with the New York-based Foundry Digital LLC. Microbt’s Whatsminer mining rigs have become popular during the last … Read more
Iran Grants Bitcoin Miners Exclusive Access To Electricity From Three Power Plants
Iran has granted bitcoin miners exclusive access to electricity generated from three power plants for their mining activities, according to state power utility Thermal Power Plant Holding Company (TPPH). Mohsen Tarztalab, managing director of TPPH, told a local news agency on Monday that the “necessary equipment has been installed in three power plants of Ramin, … Read more
Is a Bitcoin ‘death spiral’ imminent following yesterday’s massive difficulty adjustment?
Bitcoin experienced two massive mining difficulty adjustments recently. Is this something to be concerned about? Go to Source Powered by WPeMatico
Publicly Listed Energy Firm Equinor Exploits Gas Flaring in North Dakota to Mine Bitcoin
Just recently, the firm Arcane Research recently revealed a number of screenshots from the publicly traded energy firm, Equinor. The pictures show the multinational company leveraging natural gas flaring to power bitcoin mining operations. In recent years, using the unorthodox gas flaring scheme to mine bitcoin has become more prominent worldwide. The Norwegian state-owned multinational … Read more
This crypto mining operator was named Bitmain’s sole North American cooperative repair center
North America now has its own Bitmain repair center. Go to Source Powered by WPeMatico
Iran’s crypto mines could be used to help fund car imports
It seems that the private sector is not satisfied with the country’s local fiat money. Go to Source Powered by WPeMatico
Bitcoin hashrate remains strong during monsoon season
Mining operations in China were not adversely affected by the heavy rains. Go to Source Powered by WPeMatico
‘Struggling’ Bitcoin sets a new all-time hashrate record, breaking the 150 TH/s plateau for the first time
“In Bitcoin we trust”, say miners unfazed by the market. Go to Source Powered by WPeMatico
Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak
Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2.4 million during the second quarter of 2020, down from $5.6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid the Covid-19-induced global recession. For the three … Read more