Bitcoin miner capitulation due to end amid 1st difficulty increase since June
It may be as soon as August that miners start returning, and difficulty is already planning an uptick. Go to Source Powered by WPeMatico
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Bitfarms Adds 18 MW of Capacity to ‘The Bunker’ — Miner’s Daily Production Taps 16.8 BTC per Day
On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation. The mining facility dubbed “The Bunker,” now has approximately 3.8 exahash per second (EH/s), after the 18 MW increase boosted the computational power by 200 … Read more
Ethereum chain split is possible after the Merge, survey finds — But will ETC price keep climbing?
Ethereum Classic is a relatively smaller PoW chain compared to Ethereum in terms of usage and hash rate. Go to Source Powered by WPeMatico
What happens when 21 million Bitcoin are fully mined? Expert answers
Mining expert Mohamed El Masri predicts that Bitcoin will be worth around $430,500 when the last coin is minted. Go to Source Powered by WPeMatico
Iran Amends Regulations to Ease Crypto Miners’ Access to Renewable Energy
Authorities in Iran have revised some rules for the crypto mining industry in order to facilitate its access to green power. Licensed miners will now be able to purchase electricity produced from renewable sources from across the country at lower rates. Cryptocurrency Miners in Iran Allowed to Source Green Energy From Across Country Iran’s Ministry … Read more
Foundry Digital Launches Logistics Arm to Advance Standards in the Cryptocurrency Mining Industry
On Thursday, Foundry Digital LLC, the mining company and subsidiary of Digital Currency Group (DCG), announced the launch of Foundry Logistics in order to advance standards in the cryptocurrency mining industry. The newly launched arm of the company plans to “bridge the gap between hardware manufacturers and buyers by providing an all-in-one solution for mining … Read more
Moscow, Karelia, Irkutsk — Study Lists Most Popular Crypto Mining Destinations in Russia
Russia could be a large player in the crypto mining space, experts in the field have established in research naming the most attractive regions for coin minting operations in the country. The capital Moscow is among the popular mining destinations alongside the places offering the cheapest power. Cost of Electricity, Logistics Determine Russian Miners’ Choice … Read more
Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash
ETC’s ongoing price rebound looks eerily similar to a bull trap event from 2021. Go to Source Powered by WPeMatico
‘Cryptojacking’ rises 30% to record highs despite crypto slump: Report
Cryptojacking has become a lucrative choice for cybercriminals as many victims are unaware they have been compromised. Go to Source Powered by WPeMatico
Texas a Bitcoin ‘hot spot’ even as heat waves affect crypto miners
Extreme heat won’t stop miners from setting up operations in Texas, but more sustainable practices may be required. Go to Source Powered by WPeMatico