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After the researchers from the Cambridge Bitcoin Electricity Consumption Index (CBECI) project said that the website’s “Bitcoin Mining Map” had not been updated since April 2020, the map has finally been updated. Current data from the mining map shows the coverage goes all the way up until April 2021, and the estimate of China’s hashrate … Read more
Bitcoin mining firm Compass Mining announced the company has entered a 20-year partnership with Oklo Inc., a California-based firm that produces clean, emission-free energy via advanced fission. Oklo explains the company is committed to providing 150 megawatts (MW) of clean power to Compass in order to drive bitcoin mining operations. Advanced Fission and Bitcoin Mining … Read more
Cambridge research shows that China’s Bitcoin mining power fell by 40% before the crackdown, while the United States’ hash power has quadrupled. Go to Source Powered by WPeMatico
Bitfarms is producing more BTC at a lower cost due to the drop in difficulty. Go to Source Powered by WPeMatico
During the first week of April, the publicly-listed gaming and internet company The9 Limited revealed its intentions to purchase 2,000 Avalonminers from the manufacturer Canaan. On Monday, The9 announced it has signed a hosting agreement with the Russian-based firm Bitriver as the company will leverage 15 megawatts (MW) of Bitriver’s capacity for two years. The9 … Read more
Weekly Bitcoin transactions and velocity hit record lows, leading one analyst to suggest that even with BTC stable at $33,000, further downside could ensue. Go to Source Powered by WPeMatico
Greenidge Generation Holdings Inc., the mining firm based in Upstate New York, has announced the company has partnered with the Digital Currency Group mining and staking subsidiary Foundry Digital LLC. Furthermore, Greenidge revealed that it has purchased 2,300 Microbt-manufactured Whatsminer M30S mining rigs and also secured financing for 6,000 Bitmain-made Antminer S19 devices. Greenidge Partners … Read more
Anhui has reportedly become China’s latest region planning to end cryptocurrency mining. The province is going to shut down all mining facilities due to power supply shortages, according to local media. Another source revealed that the state-run network operator has issued a closure notice for bitcoin farms across the country. Anhui to Halt Bitcoin Mining … Read more
Half of what was lost due to China’s crackdown on Bitcoin mining will not ever go back online, Phoenix Store’s CEO says. Go to Source Powered by WPeMatico
The Anhui government is addressing growing electricity demand by shutting down local crypto mining operations. Go to Source Powered by WPeMatico
