Mining
Cardano founder Charles Hoskinson estimated that the cost of electricity that Satoshi Nakamoto, the leading cryptocurrency's mysterious co-founder, spent to mine 1 million BTC would have been less than $3,700. Hoskinson presented three different scenarios that demonstrate how much electricity it…
Bitcoin's hashrate continues to grow, adding 88 exahashes per second (EH/s) over the past 11 days after dropping to 810 EH/s on June 24. At the same time, miners are seeing an 11.62% increase in profitability compared to the previous month.…
Russian President Vladimir Putin has commented on the growing energy deficit that has arisen due to the rapid growth of digital currency production, as well as the gradual ban on cryptocurrency mining across the country. Putin's comments on the matter come…
NIP Group, the parent company of world-renowned eSports organization Ninjas in Pyjamas (NiP), has announced its entry into the Bitcoin mining market. Esports giant Ninjas in Pyjamas begins mining Bitcoin: plans to mine $6.5 million in BTC per month The company…
Ding-ding-ding – we have a winner! A lone miner earned a reward of 3,173 BTC ($349,028) after mining Bitcoin block number 903,883 late Thursday . Such occurrences are not all that common; in fact, according to one expert, such an outsider…
NIP Group, the parent organization of popular eSports team Ninjas in Pyjamas, announced its entry into the Bitcoin mining market on Tuesday . The company is entering the space by acquiring an unspecified number of Bitcoin mining rigs with a combined…
Stablecoin issuer Tether has signed a memorandum of understanding (MoU) with Adecoagro SA to explore a strategic partnership focused on bitcoin mining using renewable energy, according to a July 3 announcement. Adecoagro, one of South America's leading producers of organic agricultural…
Bitcoin mining company CleanSpark has received permission to build a new mining facility in Mountain City, Tennessee, local outlet WCYB reported on July 2. According to the report, the Mountain City Board of Mayor and Aldermen approved the mine project by…
Despite the fact that the price of Bitcoin has more than doubled the cost of its production, miners are in no rush to sell off their assets, as CryptoQuant CEO Ki Young Ju recently noted, drawing attention to the example of…
MARA Holdings' bitcoin mining output fell 25% in June as the company faced adverse weather conditions at its Texas facility and ongoing issues that have complicated the mining process in the industry as a whole, according to its June report .…
Cryptocurrency analytics firm Alphartal has provided an interesting analysis of the Bitcoin mining sector. The report found that miners continue to hold onto their Bitcoin holdings despite unusually low profitability. Overall transaction fees on the Bitcoin network have fallen to their…
Iran has been mining and trading cryptocurrency since 2019, when its national currency was devalued by years of tough international sanctions and high inflation. However, experts say it remains nearly impossible to accurately determine how much bitcoin (BTC) has been mined…