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Bitcoin Mining
Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital
After selling 887 Bitcoin in July, Argo cut its outstanding balance under the BTC-backed loan to just $6.72 million. 3104 Total views 21 Total shares Cryptocurrency mining firm Argo Blockchain continues to sell its Bitcoin (BTC)…
Amid miner capitulation, Hut 8 maintained BTC ‘HODL strategy’ in July
Other Bitcoin miners such as Core Scientific, Argo Blockchain and Riot Blockchain have reduced their BTC holdings during the bear market. 349 Total views 5 Total shares Canadian Bitcoin (BTC) miner Hut 8 Mining Corp. added to its…
Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts
The mining firm reported it “completely powered-down its Texas data center operations on several occasions” in July to support the state's power grid operator. 431 Total views 5 Total shares Crypto mining firm Core Scientific reported…
Antminer S19 XP dropped in a bid to swing crypto miners back into profit
Phil Harvey said that this type of miner can typically last a minimum of 36 months in a facility operated by their crypto firm Sabre56. 143 Total views 4 Total shares With the Bitcoin (BTC) price moving at a very steady pace during the…
Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity
Many BTC miners are in a tough spot and a few could collapse, but experts say the industry is here to stay. 924 Total views 34 Total shares Bitcoin mining involves a delicate balance between multiple moving parts. Miners already have…
Core Scientific to increase ASIC server capacity by 75 MW
The Nasdaq-listed Bitcoin miner expects to generate $50 million in annual revenue once the ASIC servers are fully operational. 124 Total views 5 Total shares United States Bitcoin (BTC) miner Core Scientific has signed a new…
Texas a Bitcoin ‘hot spot’ even as heat waves affect crypto miners
Record-breaking heat waves are being documented across the world as extreme weather is worsening due to climate change. States throughout America are continuing to see temperatures rise above 100 degrees Fahrenheit (38 degrees Celsius),…
The Merge is Ethereum’s chance to take over Bitcoin, researcher says
Ethereum's imminent transition to a proof-of-stake consensus mechanism will transform its monetary policy, potentially making ETH more scarce than Bitcoin. 629 Total views 7 Total shares Ethereum researcher, Vivek Raman, is convinced…
Not just Bitcoin price: Factors affecting BTC miner profitability
The ongoing cryptocurrency bear market has triggered a massive decline in Bitcoin (BTC) mining profitability as BTC mining expenses outpace the price of Bitcoin.Closely tied to the drop in the BTC price, Bitcoin mining profitability has…
Bitcoin network difficulty drops to 27.693T as hash rate eyes recovery
The reduced difficulty allows Bitcoin miners to confirm transactions using lower resources, enabling smaller miners a fighting chance to earn the mining rewards. 420 Total views 7 Total shares The difficulty in mining a block of…
