Only 10% of Bitcoin supply left to mine
Fresh data shows 90% of the total Bitcoin supply is mined, but the rest will take a little longer to produce. Go to Source Powered by WPeMatico
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‘I think BTC is ready’ — 5 things to watch in Bitcoin this week
Evidence is mounting to support a BTC price breakout, but so far, resistance remains in control at $50,000. Go to Source Powered by WPeMatico
Bitcoin Hashrate Hits an All-Time High Suggesting Thousands of Next-Gen Machines Have Joined the Race
While bitcoin prices have consolidated around the $50K zone, the network’s hashrate has reached an all-time high (ATH) on December 8, 2021, tapping 194.95 exahash per second. Bitcoin miners have increased their processing power a great deal despite the fact that mining bitcoin is 8.33% harder to mine since December 11. Bitcoin Hashrate Taps 194 … Read more
‘There’s More Work to Do’ — 11 Years Ago, Satoshi Nakamoto Sent a Final Message to the Bitcoin Community
To this day, Satoshi Nakamoto is one of Bitcoin’s biggest mysteries as people have searched far and wide to uncover the creator’s identity. 11 years ago, on December 12, 2010, the pseudonymous blockchain programmer (or programmers) left a final message to the crypto community stressing that “there’s more work to do on [denial-of-service] DoS.” Satoshi … Read more
Power Utility Sues Russians Mining Cryptocurrency at Their Homes, Raises Electricity Rates
A Russian power utility has found a way to increase electricity prices for consumers mining cryptocurrency using household electricity. The regional distribution company has taken dozens of amateur miners to court and has already won some of the cases. Power Utility Goes After Crypto Miners Using Subsidized Electricity to Mint Digital Coins Irkutskenergosbyt, a power … Read more
Enterprise blockchain to play a pivotal role in creating a sustainable future
Companies are turning to enterprise blockchain-based solutions to meet environmental sustainability goals as well as business demands. Go to Source Powered by WPeMatico
Bitcoin Mining Company Cleanspark to Kick-Start 20 MW Immersion Cooling Initiative
Cleanspark, a sustainability-focused bitcoin mining company, has announced it will kick-start a 20 MW initiative in its Norcross bitcoin mining facility where miners will be cooled via immersion. The company will host more than 5,900 miners in this facility, which will be submerged into tanks of a biodegradable liquid. Cleanspark states this will help them … Read more
FLUX, SFP and Badger DAO surge even as Bitcoin price falls to $47K
BTC price continues to soften, but new exchange listings and protocol upgrades provided a much-needed boost for FLUX, SFP and BADGER. Go to Source Powered by WPeMatico
Iceland Refuses to Power New Bitcoin Farms Amid Electricity Shortages
Cryptocurrency mining is among several energy-intensive industries hurt by a power deficit in Iceland. The country’s main utility is now rejecting requests to connect new coin minting facilities to the grid, after cutting supply to aluminum smelters and fish factories. Iceland Turns Away New Crypto Miners to Deal With Lack of Energy Iceland’s largest utility, … Read more
Foundry Launches Bitcoin Mining Machine Marketplace, US Pool Becomes the World’s Largest Miner
The firm Foundry Digital announced on Wednesday that the business has launched a bitcoin mining rig marketplace called Foundryx. According to Foundry, the company has access to more than 40,000 mining machines that are ready for resale. In addition to the marketplace launch, the company’s mining operation, Foundry USA, has become the world’s largest bitcoin … Read more