Auto Added by WPeMatico

Severe Impact Expected for Miners With Outdated Hardware in Upcoming Bitcoin Halving

Following the downturn in bitcoin’s price on Friday, the hashprice of bitcoin has declined from slightly above $119 per petahash per second to marginally over $116 per PH/s on a…

Continue ReadingSevere Impact Expected for Miners With Outdated Hardware in Upcoming Bitcoin Halving

Paraguayan Senate Supports Selling Power to Crypto Mining Companies, Criticizes Subpar Energy Agreements With Brazil

The Paraguayan Senate has approved a resolution supporting selling the country’s energy surplus to crypto mining companies, given the price and guarantees that these institutions offer. The declaration criticizes the…

Continue ReadingParaguayan Senate Supports Selling Power to Crypto Mining Companies, Criticizes Subpar Energy Agreements With Brazil

A Single Custodian Oversees Nearly Half of Bitcoin’s Block Rewards

Onchain data indicates that a single custodian now manages the coinbase addresses for at least nine prominent mining pools, which collectively account for 47% of Bitcoin’s total hashrate. The analysis…

Continue ReadingA Single Custodian Oversees Nearly Half of Bitcoin’s Block Rewards

Report: Bitcoin Miners Strengthen Reserves Ahead of Fourth Halving

As we near the anticipated fourth Bitcoin halving event, there are only 1,133 blocks left until we reach block 840,000, with the milestone expected to occur in about a week.…

Continue ReadingReport: Bitcoin Miners Strengthen Reserves Ahead of Fourth Halving

Cleanspark to Upgrade Mining Fleet With 100,000 S21 Pro Bitcoin Miners From Bitmain

The publicly traded bitcoin mining company Cleanspark has exercised its option to acquire 100,000 bitcoin mining machines from Bitmain. The firm initially secured the option last year, and the agreement…

Continue ReadingCleanspark to Upgrade Mining Fleet With 100,000 S21 Pro Bitcoin Miners From Bitmain

Bitcoin Difficulty and Hashrate Reach Record Highs as Halving Draws Closer

Bitcoin’s network difficulty climbed to an unprecedented peak on April 10, 2024, at block height 838,656, increasing by 3.92% to reach 86.39 trillion. This escalation in difficulty will make it…

Continue ReadingBitcoin Difficulty and Hashrate Reach Record Highs as Halving Draws Closer

Auradine Secures $80 Million in Series B to Accelerate Bitcoin Mining Rig Production

On April 10, the bitcoin mining rig producer Auradine revealed it had secured an $80 million investment in a Series B funding round. Additionally, the company highlighted that it has…

Continue ReadingAuradine Secures $80 Million in Series B to Accelerate Bitcoin Mining Rig Production

Miners Offload Bitcoin in Anticipation of Reward Halving, Says Cryptoquant

Data from Cryptoquant indicates that bitcoin miners have been offloading their assets in anticipation of the upcoming Bitcoin network halving, slated to take place in two weeks. Cryptoquant highlighted a…

Continue ReadingMiners Offload Bitcoin in Anticipation of Reward Halving, Says Cryptoquant

Bitcoin’s Path to Halving — Anticipated Increase in Difficulty Sets Stage

Based on current metrics, the Bitcoin blockchain is set to undergo another difficulty adjustment before the halving, with an anticipated increase of 1.2% to 2.16% around April 11, 2024. Following…

Continue ReadingBitcoin’s Path to Halving — Anticipated Increase in Difficulty Sets Stage

Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production

According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that…

Continue ReadingBitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production