$BTC: Jack Dorsey’s Block (NYSE: SQ) Competes Design Work on Its 3nm Bitcoin Mining Chip

On 15 October 2021, Jack Dorsey, the Co-Founder, Chairperson, and CEO of Block, Inc (NYSE: SE), formerly known as Square, initiated a Twitter conversation about the possibility of developing a Bitcoin mining system. This system would be based on custom silicon and open-source technology, aimed at both individual users and businesses globally. Dorsey proposed a […]

Bitcoin Halving 2024: How Miners Are Adapting and Exploring AI Opportunities

The highly anticipated Bitcoin halving event took place late Friday night (US time), marking a significant milestone for the world’s largest cryptocurrency. This technical event, which occurs roughly every four years, cuts the reward given to Bitcoin miners in half, potentially setting the stage for a major rally in the price of Bitcoin. According to […]

Bitcoin Mining Firm CEO: The Halving Will Have ‘Some Small Impact on Prices Probably’

In an interview on April 9, 2024, with Sonali Basak from Bloomberg TV, Marathon Digital (NASDAQ: MARA) CEO Fred Thiel shared his extensive insights into the evolving landscape of Bitcoin mining and the anticipated impacts of the upcoming Bitcoin halving (expected around April 20). Bitcoin Price and ETFs Influence: Thiel believes the U.S. SEC’s approval […]

Will the Bitcoin Halving Reshape the Global Mining Landscape?

The next Bitcoin halving is estimated to occur around 20 April 2024. These halving events happen roughly every four years, but the exact date can vary slightly due to minor fluctuations in block creation times on the Bitcoin network. Bitcoin halvings are incredibly significant because they directly impact the rate at which new Bitcoins enter […]

Navigating Bitcoin’s Wild Ride: Marathon Digital’s CEO Unveils Strategic Vision

On March 22, Fred Thiel, the CEO of Marathon Digital Holdings (NASDAQ: MARA), joined CNBC’s ‘Closing Bell Overtime’ to discuss with co-anchor Morgan Brennan the nuances of Bitcoin’s recent performance, including its volatility, and delve into the evolving dynamics of Bitcoin mining and its energy requirements. Fred Thiel began by addressing Bitcoin’s dramatic recent rally, […]

Bitcoin Boom: Coinbase Research Dives Into Spot ETFs, Miners, and MicroStrategy’s Wild Ride

In a recent LinkedIn post, David Duong, Head of Institutional Research at Coinbase, offers a window into the performance of various Bitcoin investment strategies following the launch of ten spot Bitcoin ETFs in the United States on Janaury 11. According to Duong, investing directly in Bitcoin, with reference to the CME Bitcoin Reference Rate NY, […]

Global Bitcoin Miners Bet Big Ahead of Halving – But Risks Loom

Bloomberg reports that Bitcoin miners, battered by the recent crypto downturn, are back in expansion mode. Its report highlights that they’re spending billions of dollars on equipment and consuming energy at unprecedented levels – all this before a code update that has the potential to disrupt their revenue streams. According to Bloomberg, this renewed activity […]

Crypto Industry Pushback Forces U.S. Energy Information Administration (EIA) To Retract Its Emergency Survey Targeting Bitcoin Miners

The cryptocurrency mining sector has achieved a significant victory, marking a pivotal moment in its ongoing dialogue with U.S. regulatory bodies. The Chamber of Digital Commerce is an organization that operates as a trade association in the United States, focusing on promoting the interests and development of the blockchain and digital asset industries. It aims […]

Riot Platforms, a Leading Bitcoin Miner, Reveals Its 2023 Average Cost Per Bitcoin Was Just $7,539

Riot Platforms, Inc., formerly known as Riot Blockchain, is a publicly traded company (NASDAQ: RIOT) deeply involved in the cryptocurrency sector, with a particular emphasis on Bitcoin. Their core business centers around operating one of North America’s largest Bitcoin mining facilities based in Texas. To maximize mining efficiency, they develop and deploy their own specialized […]

Crypto Strategist Warns of Potential ‘Mining Stock Bloodbath’ if Bitcoin Price Fails to Surge Post Halving

The upcoming Bitcoin halving could significantly impact the share prices of high-cost US-based public miners, with some potentially forced to relocate overseas. According to a report by Cointelegraph, Jaran Mellerud, founder of Hashlabs Mining, warns that a “mining stock bloodbath” might occur if Bitcoin’s price fails to see a substantial upswing following the halving. Mellerud […]

Bitcoin Miner Reserves Hit Lowest Since 2021 as Sell-Off Intensifies, Says Bitfinex On-Chain Report

In a comprehensive weekly on-chain report released on February 5, Bitfinex unveiled significant insights into the current state of Bitcoin mining and its implications for the market. The report highlights a notable trend: the largest selling pressure from miners observed in the last nine months, marking a pivotal moment in the cryptocurrency landscape. According to […]

Bitcoin Mining Power Hits Record, Squeezing Miner Profits Amid Market Rally

The Bitcoin network’s mining power, known as the hash rate, reached a new peak on Christmas Day, intensifying challenges for miners amid decreasing profitability. On December 25, the hash rate hit 544 exahashes per second (EH/s), marking a 130% growth since the start of the year. Meanwhile, Bitcoin’s price has surged by over 160% since […]

Twitter Co-Founder Jack Dorsey’s Investment in OCEAN: A Shift Toward Decentralizing Bitcoin Mining

Mummolin, Inc. has announced a significant milestone in its cryptocurrency project OCEAN, having raised $6.2 million in seed funding. This round, led by Jack Dorsey, along with other investors, marks a pivotal step towards decentralizing Bitcoin mining. As a project under Mummolin, Inc., a successor to the Eligius Bitcoin mining pool, OCEAN is pioneering a […]

J.P. Morgan Analysts Declare Bitcoin Mining at a ‘Crucible Moment’: New Ratings and Future Risks Unveiled

On 11 October 2023, analysts Reginald L. Smith and Charles Peace from J.P. Morgan’s North American Equity Research department published a note that provides a thorough examination of the Bitcoin mining industry. The note, titled “Bitcoin Mining: Expanding Coverage (Initiating Coverage on CIFR, CLSK, RIOT, and MARA),” offers valuable insights for investors and industry stakeholders. […]

Tether Diversifies into Renewable Energy and Bitcoin Mining in Uruguay

Tether, the company behind the well-known stablecoin, has announced its expansion into the renewable energy sector and sustainable Bitcoin mining in Uruguay. This move marks a significant diversification of Tether’s operations, extending beyond its traditional financial and communications activities. Tether is planning to invest in renewable energy sources to support Bitcoin mining operations in partnership […]

Kingdom of Bhutan Ventures into Sustainable Crypto Mining with Bitdeer Partnership

The Kingdom of Bhutan and Bitdeer have joined forces to create a sustainable future for cryptocurrency mining, with plans for a carbon-free operation. Bitdeer Technologies Group, a leading cryptocurrency mining technology company, and Druk Holding & Investments (DHI), the commercial arm of the Royal Government of Bhutan, have announced a strategic partnership to develop environmentally […]

Bhutan’s Bitcoin Boom: How the Himalayan Kingdom is Harnessing Hydropower for Crypto Mining

Beneath the towering peaks of the Himalayas, Bhutan, a small kingdom known for measuring Gross National Happiness, hides a tech-driven secret: a thriving Bitcoin mining operation. In an article by Forbes (published earlier today) titled “The Kingdom Of Bhutan Has Been Quietly Mining Bitcoin For Years,” it was revealed that Bhutan has been using its […]

As Bitcoin Mining Difficulty Hits Record High, We Examine Its Impact on Market Dynamics

Bitcoin mining, a critical facet of the cryptocurrency ecosystem, has again seized the spotlight. Earlier today, crypto analyst “Crypto Rand” highlighted a significant rise in Bitcoin Mining Difficulty – a surge of over 30% since January 13, 2023. And a couple of hours ago, the world’s largest crypto exchange by trading volume, pointed out that […]

How Much Bitcoin Can You Mine in a Day?

If you’ve been around the crypto realm for a while, you’ve surely come across the term Bitcoin mining. While an appealing practice, there are some factors to consider before you go and buy your first mining rig, including how much Bitcoin you can mine in a day. Bitcoin mining, for some, is a painfully expensive […]

Value Investor Mike Alfred: Bitcoin Mining Firms Among Best Risk-Off Sectors Moving Forward

Value investor Mike Alfred recently shared his insights on Bitcoin mining firms on Twitter, emphasizing their potential as an attractive investment opportunity in today’s market. Alfred states these companies possess significant operating leverage as Bitcoin prices rise. While many conventional investors might view them as risky, he believes that mining firms represent one of the […]

Mississippi State Senate Passes Bill Defending Crypto Miners’ Rights

Mississippi’s state Senate has passed a bill to protect cryptoasset miners from being discriminated against on electricity rates.  According to a report by Cointelegraph, the state Senate has passed the Mississippi Digital Asset Mining Act, which now awaits its companion bill to make it through the state’s House of Representatives.  The bill, authored by state […]

Crypto Analyst Says ‘BTC Miners Sell Roughly 100% of the Coins They Mine’

On Monday (26 December 2022), Thomas Dunleavy, Senior Research Analyst at Messari, looked at $BTC selling by Bitcoin miners in 2022. Dunleavy said: Messari Co-Founder Don McArdle offered this reply to Dunleavy’s tweet: “Iirc, before a big % of mining was done by a bunch of debt-financed public cos, miners tended to hodl a fair […]

Microsoft Bans Use of Its Cloud Services for Crypto Mining Unless There Is ‘Prior Written Approval’

Microsoft has quietly updated the license terms for its online services such that customer can no longer “mine cryptocurrency without Microsoft’s prior written approval.”   As The Register first reported, the update to the Universal License Terms for Online Services became effective on 1 December 2022. The Acceptable Use Policy states: “Neither Customer, nor those that […]

Russian Crypto Miners Reportedly Ramping Up Their Spending on ASIC Devices

Miners in Russia have remained unfazed by the crypto bear market and are using the opportunity to hoard ASIC devices.  According to a report by Cointelegraph, citing Russian news agency Kommersant, the demand for crypto mining hardware by Russian customers has surged during the final quarter of the year. Several crypto mining distributors in Russia […]

Bitcoin ‘Mining Industry Is Under Under Extreme Stress’, Says Crypto Analytics Firm

Glassnode, the startup behind “the world’s leading blockchain data and intelligence platform”, seems concerned about Bitcoin miners. Earlier today (6 December 2022), Glassnode said: “The Bitcoin protocol has just decreased mining difficulty by -7.3%, the largest downwards adjustment since July 2021. Given depressed coin prices, rising energy costs, and debt burdens, the mining industry is […]

$BTC: Morgan Creek Digital Assets Partner Says ‘Miner Capitulation Is in Full Effect’

On Tuesday (29 November 2022), Jason A. Williams, a founding partner of Morgan Creek Digital Assets, and the author of the book “Bitcoin: Hard Money You Can’t F*ck With“, explained why this could be a great time to buy Bitcoin. Williams told his over 207K Twitter followers: “BREAKING #BITCOIN MINING NEWS : Miner Capitulation is in […]

$BTC: Researchers at the University of New Mexico in Albuquerque Have a Beef With Bitcoin

A recent study compared the negative impact of Bitcoin mining to that of cattle farming and burning gasoline.  According to a report by Bloomberg, researchers at the University of New Mexico in Albuquerque have found that Bitcoin mining’s impact on the climate is comparable to other negative influences, such as farming cattle and gasoline burning, […]

$BTC: You Can Now Buy Bitcoin Mining Hardware at American Retail Giant Walmart

As Bitcoin Magazine pointed out on Thursday (4 November 2022), it looks like you can now buy all kinds of Bitcoin-related products at American multinational retail corporation Walmart; this includes ASIC-based Bitcoin mining hardware from Bitmain. The most expensive Bitcoin mining product they seem to offer is Bitmain Antminer S19J Pro (released in November 202), […]

Crypto Miner Core Scientific’s Stock (Nasdaq: CORZ) Is Down Nearly 98% This Year

On Thursday (October 27), in a filing with the U.S. Securities and Exchange Commission (“SEC”), Core Scientific (Nasdaq: CORZ), which is one of the world’s largest publicly-traded crypto mining companies, disclosed that it was having financial difficulties, which could lead to the firm going bankrupt. Core Scientific has three lines of business: “Purpose-built development and […]

$BTC: Michael Saylor on ‘Bitcoin Mining and the Environment’

On Wednesday (September 14), Michael Saylor, Co-Founder and Executive Chairman of business intelligence software company MicroStrategy Inc. (NASDAQ: MSTR), decided to address some of the “misinformation & propaganda” surrounding the impact of Bitcoin mining on the environment. It is worth remembering that on 11 August 2020, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at […]

Switching to Renewable Energy Can Improve Crypto Mining Dramatically

Crypto mining requires huge amounts of electricity and is becoming less profitable due to the cryptocurrency market downturn. To avoid a mining ban and continue to earn, miners are switching to green mining to get the cheapest energy possible. Bitcoin mining requires more and more energy because of increasing difficulty in opening each subsequent block. […]

$ETH: Popular Crypto Analyst Shares His Thoughts on a Potential PoW Fork of Ethereum

On Saturday (August 6), popular pseudonymous crypto analyst “Hasu”, who is the Stratey Lead at Flashbots, shared his latest thoughts on a potential upcoming fork of Ethereum around the time of Ethereum’s “Merge” hard fork (which is when the Ethereum network is making the transition from proof-of-work to proof-of-stake). Flashbots is “a research and development […]

How Long Does it Take to Mine 1 Litecoin?

Litecoin (LTC), created by former Google employee Charlie Lee, was released in 2011 as an alternative to Bitcoin and has gained popularity ever since, with various users mining it. With new crypto miners coming on board every day, many people wonder how long it takes to mine 1 Litecoin. After all, finding out how much […]

This Luxury Residential ‘Crypto Building’ Will Have a Bitcoin Mining Farm in the Basement

A new luxury residential development being built in Belgrano, a prestigious neighbourhood in Argentina’s Capital Buenos Aires, calls itself a “crypto building” since a Bitcoin mining farm installed in the basement will help the owners with paying the building’s expenses. Newlink Capital, the developer behind “Next Pampa 2.0“, says that this is “an intelligent residential building that […]

Senator Durbin Unhappy With ‘Obscene Amounts of Electricity’ Needed for Crypto Mining

On Saturday (July 16), U.S. Senator Dick Durbin made it very clear that he is not happy with the energy consumption of crypto mining. Senator Dick Durbin, is “a Democrat from Springfield, is the 47th U.S. Senator from the State of Illinois, the state’s senior senator, and the convener of Illinois’ bipartisan congressional delegation.” He […]

One of America’s Largest Crypto Miners Sold 79% of Bitcoins on Its Balance Sheet in June

On Tuesday (July 5), Core Scientific, Inc. (NASDAQ: CORZ), “a leader in high-performance blockchain data centers and software solutions”, explained why it had to sell 7,202 of the bitcoins on its balance sheet. Core Scientific has “operated blockchain data centers in North America since 2017, using its facilities and intellectual property portfolio for colocated digital […]

Australian Man Explains How Crypto Helped Him to Buy Brisbane House Mortgage Free

Australian crypto miner Joe Bridge recently explained how he was able to buy his first house, boats, and motorcycles using the small fortune he amassed from crypto mining. According to a report by Australia’s ABC published on June 30, the 38-year-old first became involved in crypto mining in 2013 while living with his parents in […]

Bitcoin Mining Firms Thriving in China Despite Ban

Despite the ban on Bitcoin mining in China, the industry appears to be thriving.  A report by CoinDesk published on May 17 says that — “according to the CCAF’s Bitcoin Electricity Consumption Index (CBECI), which maps the mining activity around the world based on the geolocational data reported by partnering pools” — China was the […]

Norwegian Parliament Votes Down Proposal to Ban Bitcoin Mining

The Norwegian Parliament voted down a proposal banning Bitcoin mining, allowing the crypto mining industry to continue to thrive in the country.  According to a report by Cointelegraph, the proposal — first suggested in March by the Red Party — was rejected by a parliamentary vote on May 13. The ban failed to gain political […]

Australian Bitcoin Mining Firm Not Worried About Recent Crypto Market Correction

A major Australian Bitcoin mining firm does not appear concerned about profitability of its operation despite the current bear market. According to a report by The Sydney Morning Herald on May 12, Daniel Roberts, co-founder and CEO of Australian-founded sustainable Bitcoin mining company Iris Energy remains unmoved by the rapid changing $BTC price. Roberts, based […]

What is the Blake256r14 Algorithm? Blake256r14 Coin List

Cryptographic hash functions are vital security components of current computers. They form a key part of digital signatures, message authentication codes, and other security protocols. So far, there are four series of cryptographic hash functions generally known as Secure Hash Algorithms (SHA). These are SHA-0 (published in 1993), SHA-1 (published in 1996), SHA-2 (published in […]

Fort Worth, Texas Set to Become First U.S. City To Mine Bitcoin

Fort Worth city council has approved a pilot Bitcoin mining project as part of a set of measures designed to make the city become a leading technology hub. According to a report by CNBC, Fort Worth’s mayor Mattie Parker oversaw the construction of a small mining farm in City Hall in order to mine Bitcoin. […]

One Bitcoiner Is Using Waste Heat From BTC Mining Hardware to Warm His Swimming Pool

One enterprising Bitcoin miner is using the energy produced by his mining hardware to heat his swimming pool.  According to a report by Cointelegraph, Minnesota-based Bitcoin mining enthusiast Jonathan Yuan wanted a solution for his children’s love of swimming. Yuan said his kids were unable to use their swimming pool for the majority of the […]

Intel Unveils Its New Energy-Efficient Bitcoin Mining ASIC Chip

Intel has unveiled its latest application-specific integrated circuit (ASIC) chip, which will “provide customers with energy-efficient hashing for proof-of-work consensus networks.” On April 4, Intel Corporation issued a press release to announce details of the Intel Blockscale ASIC.  Balaji Kanigicherla, Intel vice president and general manager of Custom Compute in the Accelerated Computing Systems and Graphics Group, […]

New York Times Article Claims One Bitcoin Transaction Uses 2,000 kWh of Electricity

In a New York Times (NYT) article — published yesterday (March 22) — about the crypto mining industry’s focus on renewable energy, it was mentioned that according to some estimates “a single Bitcoin transaction now requires more than 2,000 kilowatt-hours of electricity.” The NYT article, which was written by technology reporter David Yaffe-Bellany, started by […]

“Shark” Explains How Institutional Investors Have Found a Way To Own “Green” Bitcoin

Celebrity investor Kevin O’Leary (aka “Mr. Wonderful” on ABC TV series “Shark Tank“) says that institutional investors concerned about the environmental impact of Bitcoin have found a new — albeit indirect way — to own “green” Bitcoin. According to the transcript (by The Daily Hodl) of an interview that was released on his YouTube channel last Friday […]

Elon Musk’s Brother: ‘When We Invested in Bitcoin, We Were Very Ignorant’

Kimbal Musk, the brother of Tesla Co-Founder and CEO Elon Musk, says that the electric vehicle manufacturer was originally “very ignorant” of Bitcoin’s environmental concerns when it added BTC to its balance sheet.  As you may remember, on 8 February 2021, Tesla filed an annual report with the U.S. Securities and Exchange Commission (SEC) on […]

Intel Unveils Its Energy-Efficient Bitcoin Mining ASIC Chip

On Sunday (February 20), Intel unveiled its second generation Bitcoin mining ASIC, which is called Bonanza mine (BMZ2). On February 16, Intel Corporation CEO Patrick Gelsinger explained how his company’s upcoming crypto mining chip could help to solve Bitcoin’s “climate issue”. According to his LinkedIn profile, Gelsinger started his career in October 1979 by becoming senior vice president and […]

Intel Wants to Solve Bitcoin’s “Climate Issue” With Its Upcoming “Blockchain Chip”

Yesterday (February 16), Intel Corporation CEO Patrick Gelsinger explained how his company’s upcoming crypto mining chip could help to solve Bitcoin’s “climate issue”. According to his LinkedIn profile, Gelsinger started his career in October 1979 by becoming senior vice president and the general manager of the Digital Enterprise Group, and he kept these positions for […]

State of Georgia Is Becoming a Hot Spot for Bitcoin Mining

A recent report claims that America’s Bitcoin miners are increasingly finding the state of Georgia attractive as a base of operations.  According to a report by Bloomberg published on February 7, the U.S. has become the world’s top destination for crypto miners following China’s ban on crypto mining (with its energy-intensive practices). Hundreds of thousands […]

Texas Governor Greg Abott Welcomes Bitcoin Miners, Texas Senator Ted Cruz Buys the Dip

Texas Governor Greg Abbott is welcoming Bitcoin miners to his state, claiming that the new industry of digital asset mining could help stabilize the electricity grid which struggles to keep up with demand.  According to a report by Decrypt, Governor Abbott, alongside several other prominent Texas politicians including Senator Ted Cruz and Austin Mayor Steve […]

European Securities and Markets Authority Vice-Chair Wants EU to Consider Ban on PoW Crypto Mining

A top European securities regulator says that the EU should consider banning energy-intensive forms of crypto mining. Speaking in a recent interview with the Financial Times, vice-chair of the European Securities and Markets Authority Erik Thedéen argued Bitcoin mining has become a national issue and warned of the risks posed to the environment and climate […]

Kosovo’s Government Stirs Panic After Announcing Ban on Crypto Mining

The government of the Republic of Kosovo has caused a panic among crypto miners in the Balkan country after announcing that it would temporarily ban all crypto mining activities.  According to a report by The Guardian, crypto miners are selling the mining equipment at bottom-barrel prices in an effort to recoup some of their investment […]

Latest Bitmain Bitcoin Mining Rig to Include Liquid Cooling Technology

Bitmain is adding liquid cooling technology to its latest Bitcoin mining rig, the Antminer S19 Pro+ Hyd. According to a report by CoinDesk, Bitmain, one of the world’s largest Bitcoin mining rig manufacturers, has added liquid cooling technology for the first time in its latest product release. The Antminer S19 Pro+ Hyd., will have a […]

How New York’s Shuttered Power Plants Are Leading to a Boom in Bitcoin Mining

A recent report by The New York Times (NYT) explains why there is currently a “Bitcoin boom” in the Empire State.  According to a NYT report published on December 5, cheap power and lax regulations have led to a Bitcoin mining industry to thrive in New York state. The report talks about a new Bitcoin […]

Shiba Inu: TikTok Influencer Mines 14,323 $SHIB per Day on Two Old Laptops

Recently, TikTok influencer Hai Dinho explained why and how he is mining Shiba Inu ($SHIB) at home. What Is Shiba Inu ($SHIB)? Here is how South Korean crypto exchange Korbit described this meme-based cryptocurrency when it announced on November 23 that it was going to list $SHIB: “SHIB is inspired by Dogecoin. Last August, anonymous developer Ryoshi developed […]

Supply Chain Crisis Hits Bitcoin As Mining Companies Scramble To Meet Demand

The supply chain crisis, which has affected the shopping habits of consumers across the globe, has extended to Bitcoin and digital assets.  According to a report by Quartz, mining companies are being hindered by the logjam in the global supply chain, resulting in delayed shipments of “miners,” — Sony Playstation-sized computers that operate exclusively to […]

Twitter CEO Says His Other Company Is Considering Building an Open Bitcoin Mining System

Jack Dorsey, the American billionaire who is the co-founder and CEO of microblogging platform Twitter and the CEO of payments solutions provider Square, says the latter is “considering” building an “open” Bitcoin mining system. Square was founded in February 2009, or just one month after Bitcoin’s initial release. The three co-founders are Jack Dorsey, Jim McKelvey, and Tristan […]

Some of North America’s Largest Bitcoin Mining Firms Reportedly HODLing Over 20,000 BTC

According to a recent research report, several publicly listed Bitcoin mining companies are holding more than 20,000 BTC (currently worth around $1.15 billion). According to The Block’s report, “based on their latest monthly production data released recently, Riot, Marathon, Bitfarms, Hut8, Greenidge, Argo, and HIVE have mined a total of 6,463 BTC in Q3, which […]

$411 Billion Financial Services Firm Partners With Blockstream To Get Into Green Bitcoin Mining

On Wednesday, Blockstream, a firm focused on building “crypto-financial infrastructure based on Bitcoin” announced a partnership with financial services group Macquarie to “develop and manage best-in-class, zero-emission Bitcoin mining facilities.” Blockstream offers three types of Bitcoin mining services: Colocation: You use one of their mining facilities in North America, where you can get access to […]

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