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A new Massachusetts Institute of Technology (MIT) research paper says that while Bitcoin (BTC) miners claim to provide a net benefit to the power grid, their renewable energy claims should be more closely examined. Buy Whatsminer M50 series to start Bitcoin mining > The paper cites an agreement between large flexible load operators in Texas …

MIT Researchers Argue Bitcoin Mining Needs More Studies to Avoid Greenwashing Read More »

The normalization of miner revenue and the decrease in transaction fees suggest that the market has adjusted to the Inscriptions phenomenon. Start Bitcoin mining with Whatsminer M50 > Since the beginning of 2023, a new form of non-fungible tokens (NFTs), known as Bitcoin Ordinals Inscriptions, has ignited widespread interest in the crypto space. The popularity of Inscriptions …

Bitcoin Miner Revenue Stabilizes as Inscriptions Demand Wanes Read More »

CleanSpark Inc. has announced the completion of phase two of its mining campus expansion in Washington, Georgia. The expansion is expected to increase CleanSpark’s bitcoin mining compute power by 1.8 exahashes per second (EH/s) to a total of 8.5 EH/s. The company has set lofty goals of reaching a target of 16 EH/s by the …

CleanSpark Announces Completion Of Georgia Expansion, Surpasses 8 EH/s Read More »

Luxor Technologies, a Bitcoin mining software and services company, has announced the expansion of its Bitcoin mining derivatives contracts. According to a press release sent to Bitcoin Magazine, the new offering from Luxor’s Derivatives Desk includes six-month duration contracts and daily settlement rates, providing market participants with extended contract periods and swift access to liquidity. …

Bitcoin Mining Derivatives With 6-Month Contracts And Daily Settlement Rates Read More »

Bitcoin miners Marathon Digital, Cleanspark and Hut 8 confirmed that they sold over 70% of their mined BTC in June. Start Bitcoin mining with Whatsminer M50 > Bitcoin (BTC) miners sold a significant amount of their mined Bitcoin in June to fund their operations, according to Glassnode data analyzed by CryptoSlate. According to the chart below, …

Bitcoin miners cash in on June price surge, selling thousands of BTC Read More »

June 3 saw the largest miner transfer to exchanges in four years, with around a third of the volume coming from a single mining pool. Analyzing miner-to-exchange flows is crucial for understanding market sentiment, particularly when evaluating whether miners are liquidating or accumulating. A surge in Bitcoin inflows to exchanges has historically preceded an increase in sell …

What’s Going on Behind the Scenes of June’s Massive Miner Outflow? Read More »

MicroBT, a leading manufacturer of Bitcoin mining rigs, is focused on addressing the need for upgraded power sources in bitcoin mining. In an interview conducted at Bitcoin 2023 in Miami Beach, MicroBT’s COO, Jordan Chen, emphasized the company’s commitment to developing a solar power mining solution. According to Chen, “Solar power is a perfect power …

MicroBT COO Jordan Chen Discusses The Company’s Long-Term Goals And The Newest Whatsminers At Bitcoin 2023 Read More »

The Chinese rig maker’s new model can deliver 320 TH/s, outperforming competitor Bitmain’s equivalent machine lineup.

There are now less than 50,000 blocks to go before the Bitcoin halving triggers.

Shares of Marathon Digital (MARA) fell about 12% on Thursday, underperforming other bitcoin mining peers, despite reporting better-than-expected first quarter results.

Increasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe. Under such a scenario, Russia has what it takes to occupy up to 18% of the global bitcoin hashrate, they claim. Start Bitcoin mining with …

Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say Read More »

The White House has proposed a plan to make crypto miners pay a tax equal to 30% of the electricity they use during their mining operations.

After growing by 400% in 2023, Core Scientific leads the Bitcoin mining industry. But why is this ruined stock soaring? Core Scientific is Outperforming in 2023 After a Horrible 2022 For Core Scientific shareholders—at least those who didn’t sell their shares at the bottom around the new year—the tide is turning. Many have been surprised …

Why Has Core Scientific’s Stock Increased by Almost 400% in 2023? Read More »

Stratum v2 aims to change a key feature in the way Bitcoin mining is done, making it much harder for Are Bitcoin mining pools too powerful? Do they make Bitcoin too centralized? Stratum v2, an overhaul to Bitcoin mining, aims to make these questions moot. Start Bitcoin mining with Whatsminer M50 > In the latest release of the open source version …

Bitcoin Mining Pools Will Have Less Power With This Upgrade Read More »

Bitcoin has hit $30,000 for the first time since last June and has set a new price high for 2023. Bitcoin has hit price highs not seen since mid-2022 with the largest crypto by market cap touching $30,000 and setting a new high for 2023. Bitcoin rallied 6.7% in 24 hours to trade above $30,100 at …

Bitcoin Hits $30K to Mark Highest Price since June 2022 Read More »

According to Bitfarms, it sold 394 Bitcoin for a total of $9.7 million at an average selling price of $24,700 per BTC. As of March 31st, the company still had 435 Bitcoin. The company that mines bitcoins (BTC), Bitfarms, reported that its BTC output increased 35% to 1,297 BTC in the first quarter of this …

Bitfarms Q1 Bitcoin Production Rose 35% to 1,297 BTC YOY Read More »

According to Caitlin Long, Operation Chokepoint 2.0 is real but is stifling the United States. The crypto industry will bring other problems down the line. The founder of crypto-friendly Custodia Bank, Caitlin Long, said regulators would “be playing Whack-a-Mole” with problems if they continued to suppress Bitcoin (BTC). Buy Whatsminer M50 – Powerful Bitcoin ASIC …

Bitcoin Cannot Be Stopped – Regulators Will Only Be Playing Whack-a-Mole: Caitlin Long Read More »

U.S. officials decided on interest rates yesterday. Traditional financial markets, as well as Bitcoin and cryptocurrency, had a very bearish response to the Federal Reserve (Fed) and the subsequent press conference by chairman Jerome Powell. Before dropping as low as $26,600, the price of bitcoin briefly reached $29,000. What has altered the bull case for …

Bitcoin Back Above $27,600 as US Banking Crisis is Far from Over Read More »