Bitcoin Miners Shift Operations to Africa and South America Ahead of Halving
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Bitcoin Miners Shift Operations to Africa and South America Ahead of Halving

In a significant development within the cryptocurrency mining industry, a growing number of Bitcoin miners are relocating their mining rigs from the US to regions in Africa and South America. This migration, as reported by Bloomberg, is driven by the pursuit of lower energy costs and increased profitability ahead of the anticipated halving of Bitcoin…

Jack Dorsey Invests $6.2 Million in Global Bitcoin Mining Decentralization
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Jack Dorsey Invests $6.2 Million in Global Bitcoin Mining Decentralization

Block CEO Leads Funding Round to Create Transparent, Non-Custodial Mining Pool In a strategic move to decentralize Bitcoin mining globally, Jack Dorsey, CEO of Block, has spearheaded a $6.2 million investment in the OCEAN initiative. This groundbreaking project aims to establish a transparent and non-custodial mining pool, fostering greater resilience and decentralization within the Bitcoin…

Bitcoin Miner Makes History by Solo Block Solve
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Bitcoin Miner Makes History by Solo Block Solve

Solo mining in the cryptocurrency realm is often considered a daunting task, with the odds stacked against individual miners. However, every once in a while, a miner defies the odds and achieves something extraordinary. In an industry dominated by mining pools, where computational power is consolidated for more consistent returns, solo mining stands out as…

Bitcoin Mining Difficulty Surge Sets New Records
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Bitcoin Mining Difficulty Surge Sets New Records

In the ever-evolving landscape of cryptocurrency, Bitcoin’s mining difficulty has once again made headlines. At block height 818496, the mining difficulty experienced a significant adjustment, surging by 5.07% and reaching an all-time high of 67.96 T. Bitcoin’s mining difficulty is a crucial aspect of its blockchain network, regulating the complexity of solving mathematical problems necessary…

Argentinians Oppose Direct Government Involvement in Bitcoin Mining
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Argentinians Oppose Direct Government Involvement in Bitcoin Mining

Argentinian presidential candidate Sergio Massa has unveiled a visionary proposal that combines the country’s abundant natural resources with the rapidly growing digital wealth of Bitcoin. We applaud this audacious move. Massa proposes using Vaca Muerta, a sizable shale oil and gas deposit in the country’s west, to extract excess natural gas for Bitcoin mining. Nonetheless,…

Bitcoin Halving Expected to Double Production Cost, Increasing Pressure on Miners
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Bitcoin Halving Expected to Double Production Cost, Increasing Pressure on Miners

The anticipated 2024 Bitcoin halving is predicted to have a profound impact on the production cost of Bitcoin, potentially doubling it to approximately $40,000. This change is expected to put immense pressure on miners worldwide, particularly those with operating costs exceeding 8 cents per kilowatt-hour. Recent reports indicate that around 40% of miners still face…

Riot Mining Company Invests $162.9 Million in Latest Bitcoin Mining Machines
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Riot Mining Company Invests $162.9 Million in Latest Bitcoin Mining Machines

Riot Platforms, Inc. has recently entered into an ambitious long-term agreement with MicroBT for the purchase of 33,280 next-generation Bitcoin miners. These high-performance miners will be produced by MicroBT in their United States facility, specifically dedicated to Riot’s Corsicana facility operations. This $162.9 million deal is set to greatly enhance Riot’s self-mining hash rate capacity, raising it to…

Recent Research: Unveiling the Sustainability of Bitcoin Mining
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Recent Research: Unveiling the Sustainability of Bitcoin Mining

Bitcoin mining has gained significant attention due to its impact on the environment and concerns about climate change. Recent research has claimed that Bitcoin mining is the most sustainable sector of the economy, highlighting the use of sustainable energy sources in this process. However, conflicting research suggests that Bitcoin mining is environmentally unsustainable and is…

Against All Odds: How a Modest Miner Struck Bitcoin in the Crypto World
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Against All Odds: How a Modest Miner Struck Bitcoin in the Crypto World

In the world of cryptocurrency mining, success is often reserved for those equipped with powerful hardware and extensive computational resources. However, a recent event has caught the attention of the crypto community, as a miner with a modest hashrate managed to strike gold by producing a Bitcoin block. This achievement, equivalent to 6.25BTC, is a…

Tether Invests Billion Dollar Renewable Energy Initiative El Salvador Bitcoin Mining
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Tether Invests Billion Dollar Renewable Energy Initiative El Salvador Bitcoin Mining

Tether, the leading fintech platform behind the world’s most widely used stablecoin, has announced its participation in a groundbreaking billion dollar renewable energy initiative in El Salvador. The company aims to support and promote sustainable Bitcoin mining by investing in the construction of “Volcano Energy,” a 241 MW renewable energy generation park. By leveraging the…

The Hashrate of the Bitcoin Network: An Upward Trend in Mining Power

The Hashrate of the Bitcoin Network: An Upward Trend in Mining Power

The hashrate of the Bitcoin network has experienced a remarkable upward trend. As of May 30, 2023, the hashrate stands at an impressive 399.03 million terahashes per second (M TH/s), reflecting a significant increase from 394.10M TH/s just a day ago and a staggering surge from 221.45M TH/s one year ago. This represents a change…

Tether Invests in Sustainable Bitcoin Mining Operations in Uruguay
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Tether Invests in Sustainable Bitcoin Mining Operations in Uruguay

In an exciting move towards sustainable energy and eco-friendly practices, Tether has announced its investment in energy production and the launch of sustainable Bitcoin mining operations in Uruguay. This strategic collaboration with a local licensed company aims to leverage Uruguay’s impressive renewable energy capabilities, with 94% of electricity generation coming from renewable sources such as…

Cryptocurrency Miners Could Be Spared from Proposed Energy Tax
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Cryptocurrency Miners Could Be Spared from Proposed Energy Tax

A tentative agreement has emerged aimed at preventing the United States government from defaulting on its debts. Ohio Representative Warren Davidson has indicated that the proposed deal would likely eliminate a controversial tax on the energy usage of cryptocurrency miners. This tax, which had been included in President Biden’s FY2024 budget, had raised concerns within…

BabyDogeCoin Exploited for 437 BNB ($137K) in a Single Transaction
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BabyDogeCoin Exploited for 437 BNB ($137K) in a Single Transaction

BabyDogeCoin, a spinoff of the popular Dogecoin, has been exploited by an unknown attacker who stole 437 BNB (Binance Coin) worth about $137K from the project’s liquidity pool. The exploit happened on May 28, 2023, at 03:15:47 UTC, and was detected by De.Fi Antivirus, a security platform for decentralized applications. How did the exploit happen?…

Dash Network Temporarily Pauses Block Production
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Dash Network Temporarily Pauses Block Production

Dash Network has announced a temporary pause in block production following the activation of Dash Core’s v19. This decision has had a direct impact on Binance Pool, which has consequently suspended the distribution of DASH mining rewards until the network resumes block production The temporary pause in block production by the Dash network is a…