Bitcoin’s Hashrate Slips Below 200 Exahash, BTC Mining Profits Drop Lower

Bitcoin's Hashrate Slips Below 200 Exahash, BTC Mining Profits Drop LowerBitcoin’s hashrate has declined in recent times after reaching an all-time high on June 8, 2022, at block height 739,928. 30-day statistics show the hashrate has slipped from 243 exahash per second (EH/s) to today’s 178.44 EH/s, losing 26.56% during that time frame. After two drops in a row, the difficulty adjustment algorithm (DAA) is […]

Go to Source

Powered by WPeMatico

Biden Administration Expected to Publish Report on Bitcoin Mining and the Industry’s Impact on Climate

Biden Administration Expected to Publish Report on Bitcoin Mining and the Industry's Impact on ClimateAccording to a new report, U.S. president Joe Biden and his administration are focused on proof-of-work (PoW) mining. The principal assistant director for energy for the White House Office of Science and Technology Policy (OSTP) discussed the research report on July 2, 2022. The OSTP official, Costa Samaras, said if digital currencies plan to stick […]

Go to Source

Powered by WPeMatico

Bitcoin Mining Infrastructure Provider Lancium to Bolster Battery-Powered Demand Response at 25 MW Texas-Based Facility

Bitcoin Mining Infrastructure Provider Lancium to Bolster Battery-Powered Demand Response at 25 MW Texas-Based FacilityAccording to Lancium Inc., a crypto mining infrastructure firm, the company has signed a deal with the Texas battery-storage provider Broad Reach Power LLC. Broad Reach Power plans to supply battery power to Lancium’s Fort Stockton-based 25-megawatt facility and when the grid is swamped by excessive energy demand, Lancium can continue mining without reducing its […]

Go to Source

Powered by WPeMatico