Blockstream raising funds for mining at 70% lower company valuation
CEO Adam Back said the fresh funding will be invested into expanding the firm’s mining capacity.
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BTC difficulty drops by the biggest margin since 2021
Bitcoin mining difficulty has dropped by its biggest margin since July 2021 amid difficult conditions for miners.
Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022
On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion…
‘Imminent’ crash for stocks? 5 things to know in Bitcoin this week
Bitcoin gets a boost from a declining U.S. dollar, but BTC price action is anything but straight bullish, say analysts.
Bullish on Bitcoin, US Senator Ted Cruz wants Texas to be a crypto oasis
Texas combines plentiful and relatively low-energy prices with free enterprise, according to the lawmaker.
Mysterious Bitcoin miner shows off oldest signature dated Jan. 2009
Answering the question 'Who has/had the oldest mined Bitcoin?' an anonymous member shared a signature dating back to January 2009, just a week after Bitcoin came into existence.
Demand for Cryptocurrency Miners Rises in Russia Amid Low Prices of Hardware
Russia’s market for specialized crypto mining equipment has been seeing high demand over the past couple of months, with buyers attracted by the low price tags. Russian experts also predict…
Applied Direct Response — ERCOT Study Shows Bitcoin Mining Is Beneficial to the Texas Grid
On Nov. 29, 2022, The Electric Reliability Council of Texas (ERCOT) published a report on seasonal assessment and resource adequacy for the ERCOT region. ERCOT’s study indicates that bitcoin mining…
Alameda Research invested $1.15B in crypto miner Genesis Digital: Report
Sam Bankman-Fried was consulted on the capital injection, which was made before crypto prices plummeted.
Bitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits
While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal since mid-November. Presently, the total hashrate dedicated to the…
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