electricity costs – DIGIT INFO

Bitcoin Miner Iris Energy Increases Mining Output by 10%

DIGIT — Thu, 05 Sep 2024 16:46:09 +0000

Iris Energy has reported a 10% increase in bitcoin production during August 2024, with the company mining 245 bitcoin. The improvement is attributed to higher operational efficiency and reduced electricity costs following the company’s transition to spot pricing. Iris Energy’s Bitcoin Mining Efficiency Leads to Output Growth In its August 2024 investor update, Iris Energy […]

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Bitcoin Mining in 2023: 18 Profitable ASIC Devices and the Dominance of Three Major Manufacturers Revealed

DIGIT — Tue, 16 May 2023 07:35:00 +0000

According to statistics from mid-May 2023, 18 different application-specific integrated circuit (ASIC) bitcoin mining devices are profitable using today’s bitcoin exchange rates. Additionally, the top bitcoin mining machines today are made by three prominent ASIC manufacturers, as fabrication competition these days is limited.
18 ASICs Profit With Electricity Costs at $0.12 per kWh and Today’s […]

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African Property Development Firm Partners Online Leasing Platform in a BTC for Solar Cells Scheme

DIGIT — Thu, 29 Apr 2021 06:30:53 +0000

South African property developer, New Age Properties, says it has partnered with Sun Exchange, an online leasing platform, as part of an effort to bring cheap and clean energy to low-income earners. Bitcoin for Solar Cells According to the two companies’ working arrangement, Sun Exchange, which also accepts payment in BTC form, will enable buyers […]

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Ether Hashrate Climbs to New Heights, Reports Say a 2,000 Megahash ETH Miner Set to Drop This Summer

DIGIT — Sun, 04 Apr 2021 03:30:52 +0000

In December 2020, the mining rig manufacturer Innosilicon released a new ethereum miner called the Innosilicon A10 Pro+, which processes Ethereum-based hashrate at around 750 megahash per second (MH/s). Regional reports have noted Innosilicon is dropping a new ether mining rig this summer that processes speeds of up to 2,000 MH/s. Additionally, during the course […]

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An Iranian Think Tank Recommends the Use of Cryptocurrencies to Circumvent Sanctions

DIGIT — Wed, 03 Mar 2021 03:00:38 +0000

A think tank affiliated with the Iranian Presidency has unveiled a study report that encourages the use of cryptocurrencies in circumventing sanctions against the country. In addition, the report also claims the government could potentially “generate US$2 million a day and $700 million a year in direct revenue from cryptocurrencies.” Employment Opportunities Meanwhile, as reported […]

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Global Chip Shortages Disrupt Bitcoin Mining Rig Production: China’s Dominant Position as Hash Rate Leader Under Threat

DIGIT — Sun, 24 Jan 2021 15:30:27 +0000

The ongoing global shortage of chips that are used in the production of bitcoin mining rigs is now causing manufacturing disruptions. According to one report, these disruptions are causing a shortage of rigs on the market and subsequent price increases. Already, the report suggests that the prices of new mining rigs have doubled while second-hand […]

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Record-Low Electricity Prices in Sweden Make It ‘a Lucrative Place’ to Mine Bitcoin, Says Report

DIGIT — Fri, 01 Jan 2021 11:25:23 +0000

Bitcoin miners are finding the Nordic lands a profitable opportunity to boost their revenues due to a plunge in electricity prices at the cheapest levels than any other well-known places for crypto mining. Bitcoin Miners Could Find ‘Lucrative’ Opportunities in Norway and Sweden According to a Bloomberg report, the Nordic region, specifically Norway and Sweden, […]

The post Record-Low Electricity Prices in Sweden Make It ‘a Lucrative Place’ to Mine Bitcoin, Says Report appeared first on Bitcoin News.

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Venezuelan State Electricity Company Reportedly Cuts Power To Crypto Miners

DIGIT — Thu, 12 Nov 2020 11:16:15 +0000

Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators. According to one report that quotes an anonymous source, the objective of this meeting is to discuss […]

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Bitcoin Miner Marathon Agrees to Deal That Cuts Electricity Costs by 38% With US Power Company

DIGIT — Wed, 14 Oct 2020 23:45:48 +0000

Nasdaq-listed Marathon Patent Group has agreed to a joint venture deal with U.S. independent power producer Beowulf Energy to deliver cheap electricity for its bitcoin mining operations in the country’s north. In a statement on Tuesday, Marathon said that it will co-locate a bitcoin mining facility within Beowulf’s Big Horn Data Hub at its 105-megawatt […]

The post Bitcoin Miner Marathon Agrees to Deal That Cuts Electricity Costs by 38% With US Power Company appeared first on Bitcoin News.

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Up to 30% of Bitcoin Miners Close Shop as Business Turns Unprofitable After Halving

DIGIT — Mon, 11 May 2020 22:27:44 +0000

About a third of Bitcoin (BTC) mining firms may already be switching off their machines as the business becomes unprofitable due to a reduction in mining rewards. The third Bitcoin halving – consummated earlier today – reduced supply of the pioneering cryptocurrency, cutting the bonus paid to miners for solving mathematical puzzles that underpin the […]

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