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During the first week of March, news.Bitcoin.com reported on a $65 million investment into the ‘behind-the-meter’ bitcoin mining operation, Greenidge Generation LLC in Dresden, New York. The Greenidge plant operates 7,000 bitcoin miners and on April 8, the firm revealed the sale of 106 petahash of hashpower to an undisclosed buyer. The purchase is considered … Read more
A New York mining facility has sold 106 petahash of computing power using a new, regulated instrument: a Bitcoin hashpower contract Go to Source Powered by WPeMatico
The global impact of the coronavirus crisis should never be underestimated. Even in the Bitcoin mining industry, there are some shockwaves, albeit not everyone is affected in the same manner. A very interesting set of events has taken place in recent weeks. Bitcoin Mining is Still in a Good Place First of all, there is … Read more
Canaan witnessed a decrease in its total net revenue for 2019 to almost half of 2018 printed figures Go to Source Powered by WPeMatico
The Texas State Securities Board issues an emergency action against an alleged crypto mining scam making fraudulent COVID-19 charity claims Go to Source Powered by WPeMatico
Major Chinese crypto mining companies launch a transparent information sharing platform to promote free speech Go to Source Powered by WPeMatico
The upcoming Bitcoin halving, miners’ capitulation and the coronavirus pandemic have all simultaneously affected the network’s hash rate. How long can it last, and what should we expect? Go to Source Powered by WPeMatico
Bitcoin will take miner resources away from Bitcoin Cash and Bitcoin SV next month, but the picture is far from rosy, warns Coin Metrics Go to Source Powered by WPeMatico
The global impact of the coronavirus crisis cannot be underestimated. It now even seems that the Bitcoin mining industry may face some challenges moving forward, in the eyes of Riot Blockchain. Bitcoin mining requires a set of specific conditions to be met. Riot Blockchain is Concerned As those conditions align, the profitability of the venture … Read more
According to data sites and a number of observers, bitcoin miners are selling coins faster than they can produce them. Ever since the market downturn on March 12 and the week of falling prices that followed, bitcoin miners have been struggling. Also read: Bitcoin Hashrate Down 45% – Miners Witness Second-Largest Difficulty Drop in History … Read more
