Mining

USA gains dominance as Bitcoin mining demographics change again

USA gains dominance as Bitcoin mining demographics change again

The United States of America has emerged to be one of the leading countries for Bitcoin mining after China banned its participation and involvement in crypto. It has been a surprising turn of events since until recently, crypto-enthusiasts in the U.S were worried about losing out to the world amid its regulatory pace. Nevertheless, the …

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Chinese Agency Reinstates Goal to Phase Out Crypto Mining Industry — CoinDesk

Chinese Agency Reinstates Goal to Phase Out Crypto Mining Industry — CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk …

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Mawson to expand bitcoin mining capacity by 300 MW in Georgia state

Mawson to expand bitcoin mining capacity by 300 MW in Georgia state

advertisement Mawson Infrastructure Group, a publicly listed bitcoin mining firm in the U.S., is expanding proprietary mining capacity in the state of Georgia by up to 300 megawatts (MW). Announcing the expansion on Monday, Mawson said the scale will allow the Georgia site to increase proprietary hash rate to 2,000 PH/s and 5,000 PH/s by …

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Bitcoin mining could be great for Texas’s grid — according to Bitcoin miners

Bitcoin mining could be great for Texas’s grid — according to Bitcoin miners

Quick Take As Bitcoin’s China-based hash rate plummets due to shutdown orders from regulators, Texas is emerging as an attractive option for Bitcoin miners. Miners argue that mining is just as good for Texas as Texas is for miners since the unique aspects of the industry’s electricity use can strengthen the state’s power grid. It’s …

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Nuclear-powered bitcoin mining is coming to Ohio in December

Nuclear-powered bitcoin mining is coming to Ohio in December

The nuclear and fossil-fuel based power generator Energy Harbor Corp announced Monday that it has partnered with bitcoin mining hosting provider Standard Power, according to a press release.  The bitcoin mining endeavor will commence in December of 2021. Standard Power will convert an abandoned paper mill in Coshocton, Ohio into a mining facility that uses …

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A timeline of China’s bitcoin mining crackdown and how it goes beyond environmental concerns

A timeline of China’s bitcoin mining crackdown and how it goes beyond environmental concerns

Quick Take China’s crackdown on bitcoin mining has led the network’s hash rate to drop by more than 50%. But what caused the negative approach? Was it just environmental concerns? This timeline maps out how the crackdown developed, while exploring the reasons behind it. This feature story is available to subscribers of The Block Daily. …

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China’s crackdown on bitcoin mining has probably already made the network greener — for now

China’s crackdown on bitcoin mining has probably already made the network greener — for now

Quick Take Xinjiang said to have shut down nearly two gigawatts of coal-based bitcoin miners. Sichuan has also ordered some miners to shut down. The global environmental implications for the bitcoin network depend on where China’s miners decide to move. This feature story is available to subscribers of The Block Daily. You can continue reading …

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MicroStrategy discloses new $50 million bitcoin buy

The Bitcoin Mining Council wants to dispel negative media narratives

Last month, MicroStrategy CEO Michael Saylor teased that he had convened a meeting of North American bitcoin miners to promote renewable energy and transparency. Now, the so-called “Bitcoin Mining Council” (BMC) has held its first meeting, open to the public through Twitter Spaces.   Information about the council first came to light through Tesla CEO Elon …

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Blockstream buys $25 million worth of Bitcoin miners from MicroBT

Bitcoin mining difficulty decreases by 16% from its recent all-time-high

Bitcoin’s mining difficulty saw a notable decrease around Sunday midnight UTC time as the network’s hash rate has dropped significantly even before China’s bitcoin mining crackdown comment. On-chain data shows the network’s mining difficulty adjusted to 21.05 Trillion at block height 685,440, which is a 16% drop compared to its recent all-time-high recorded on May …

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Ether price hits new highs above $2,560, market cap nearing $300 billion

Ethereum mining revenue set for record-breaking month despite price declines

The price of ether, the native cryptocurrency of Ethereum, is significantly down from its all-time high this month, but May is still set to represent a record-breaking month for ETH miners. Data collected by The Block Research shows that as of May 23, ETH miners have hauled in some $1.93 billion in revenue. Of that …

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