Auto Added by WPeMatico

Bitmain Reveals New Liquid-Cooled ASIC Mining Rig With 255 TH/s of Computing Power

Leading ASIC mining device manufacturer Bitmain has revealed a new bitcoin miner that’s even faster than the company’s last machine, which boasts 198 terahash per second (TH/s). The latest model,…

Continue ReadingBitmain Reveals New Liquid-Cooled ASIC Mining Rig With 255 TH/s of Computing Power

Bitcoin Hashrate Hits Another Milestone, Network’s Mining Difficulty Taps 13-Year High

The processing power backing the Bitcoin network has continued its upward momentum tapping another all-time high (ATH) on February 15, 2022, at 249 exahash per second (EH/s). Following the latest…

Continue ReadingBitcoin Hashrate Hits Another Milestone, Network’s Mining Difficulty Taps 13-Year High

Bitcoin Hashrate Surges Tapping Lifetime High, Foundry Commands Top Mining Pool Rank for 30 Days

The processing power backing the Bitcoin network has tapped another all-time high (ATH) in 2022, reaching 246 exahash per second (EH/s) on February 12. After the network reached an ATH…

Continue ReadingBitcoin Hashrate Surges Tapping Lifetime High, Foundry Commands Top Mining Pool Rank for 30 Days

The Miner Capitulation Number: A Look at When Bitcoin’s Price Crashed Below the Cost of Production

Over the last 30 days, Bitcoin’s hashrate has been coasting along at the highest levels ever recorded during the network’s lifetime. Bitcoin’s price improved recently but it is still down…

Continue ReadingThe Miner Capitulation Number: A Look at When Bitcoin’s Price Crashed Below the Cost of Production

Bitmain Reveals Hydro Bitcoin Miner With 198 Terahash, Produces Almost Double the Power of Today’s Top Machines

One of the largest bitcoin mining rig manufacturers in the world, Bitmain announced the launch of a new bitcoin miner that boasts speeds of up to 198 terahash per second…

Continue ReadingBitmain Reveals Hydro Bitcoin Miner With 198 Terahash, Produces Almost Double the Power of Today’s Top Machines

Bitcoin’s Price Drop and the Network’s Higher Difficulty Squeezes BTC Mining Profits

After Bitcoin’s mining difficulty jumped to the highest value ever at 26.64 trillion, the overall hashrate slumped a hair due to the rise in difficulty and lower bitcoin price. This…

Continue ReadingBitcoin’s Price Drop and the Network’s Higher Difficulty Squeezes BTC Mining Profits

Canaan Secures Order for 30,000 Bitcoin Mining Rigs From Genesis Digital Assets

The application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer Canaan has announced the company has secured a follow-on contract from Genesis Digital Assets for 30,000 mining machines. The sale is…

Continue ReadingCanaan Secures Order for 30,000 Bitcoin Mining Rigs From Genesis Digital Assets

Illegal Crypto Miners Threatened With Jail Time in Russia

Cryptocurrency miners that are illegally connecting their equipment to the power grid should go to prison, says a Russian lawmaker who recently announced that his nationalist party is working on…

Continue ReadingIllegal Crypto Miners Threatened With Jail Time in Russia

Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals

China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting…

Continue ReadingRussia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals

Norway Mulls Backing Sweden’s Call for Euro Ban on Crypto Mining

The government in Norway is considering ways to limit the environmental impact of cryptocurrency mining and may support Swedish proposals to that end, including a European ban on proof-of-work mining.…

Continue ReadingNorway Mulls Backing Sweden’s Call for Euro Ban on Crypto Mining