Is Bitcoin Mining ‘Dangerously Centralised’? What New Research Shows

Recent findings from BitMEX Research have reignited concerns about the centralization of Bitcoin mining. Their study, which cites insights from Bitcoin analyst Alex Bergeron, points out that a single entity now controls the Coinbase outputs for approximately 47% of the network hashrate—a significant concentration that suggests a shift toward oligopolistic tendencies within the Bitcoin mining […]

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Bitcoin’s Profit Crunch: Hash Price Hits Record Low Post-Halving—What’s Next For Miners?

In Bitcoin mining, the activity’s profitability is significantly influenced by a metric known as the ‘hash price. ’ This metric has recently plummeted to unprecedented levels, causing concerns within the mining community.

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Crypto Biz: X payment system, Block moves into Bitcoin mining, and more

This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more.

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Crypto Biz: X payment system, Block moves into Bitcoin mining and more

This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more.

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PayPal Proposes Crypto Rewards to Accelerate Sustainable Bitcoin Mining

PayPal is incentivizing green Bitcoin mining practices by rewarding miners who use renewable energy. This move aims to reduce Bitcoin’s environmental footprint, alongside significant changes to NFT policies and a partnership with Triple-A.

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Bitcoin mining stocks continue to slump ahead of halving

Bitcoin mining companies are facing a notable decrease in stock value in anticipation of the upcoming halving.

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Publicly-Traded Bitcoin Miner Runs on 100% Renewable Energy, Audit Confirms

A report from CarbonChain shows that Gryphon Digital Assets is mining bitcoin with hydroelectric power, producing zero carbon emissions.

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Bitmain Launches Antminer S21 Pro, Its Most Advanced Bitcoin Miner

Prominent Bitcoin mining hardware manufacturer announces the Antminer S21 Pro, a new iteration of its most efficient mining device.

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The future of Bitcoin mining post-halving, according to GoMining

The phenomenon of the Bitcoin halving is a cornerstone event in the crypto world, fundamentally altering the economic landscape for miners and investors alike. Occurring approximately every four years, this event reduces the reward for mining new Bitcoin blocks by half, a mechanism designed to control the supply of Bitcoin and mimic the scarcity-driven value […] The post The future of Bitcoin mining post-halving, according to GoMining appeared first on CryptoSlate.

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From Missouri to Texas: Southern US Becomes Bitcoin Mining Hotspot

Missouri is gunning to become a hub for Bitcoin mining, thanks to a new bill by State Rep. Phil Christofanelli. This legislation, aiming to integrate cryptocurrency miners into the energy economy, joins CleanSpark's expansion in Mississippi and Riot's massive investment in Texas, signaling a significant shift in the Southern US towards embracing digital asset ventures.

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Rethinking Bitcoin Mining: Scholar Critiques Flawed Assumptions in UN Study

The Bitcoin Policy Institute's Margot Paez challenges the UN study on bitcoin mining, highlighting its reliance on outdated sources and flawed methodologies. Her critique emphasizes the evolving sustainability of bitcoin mining and its potential in renewable energy integration and grid management.

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Bitcoin Community Accuses BBC Of Sensationalism In Controversial Mining Article

A recent article published by the BBC has sparked a heated debate among cryptocurrency enthusiasts and critics regarding the environmental impact of Bitcoin (BTC) mining.   The piece, titled “Every Bitcoin payment ‘uses a swimming pool of water,’” raised concerns about the water consumption associated with the mining process.

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AntPool surpasses Foundry as top Bitcoin miner

AntPool, a mining pool linked to Bitmain, overtakes Foundry USA as the leading Bitcoin mining pool, for the first time since January 2022.

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Decentralized mining pool OCEAN by Jack Dorsey joins Bitcoin hash rate surge

Quick Take The Bitcoin mining hash rate continues to experience a significant upturn. The decentralized Bitcoin mining pool, OCEAN, spearheaded by Jack Dorsey, is noteworthy. It has recently commenced operations, reaching an impressive 126 ph/s, or approximately 0.

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Twitter Founder Dorsey Invests Millions in Decentralized Bitcoin (BTC) Mining

Twitter and Block founder Jack Dorsey dives into decentralized Bitcoin mining industry, steering multimillion dollar investment into OCEAN

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Bitfarms secures $44m from U.S. investors to boost Bitcoin mining ops

Bitfarms announces a $44 million private placement with U.S. investors to expand its Bitcoin mining infrastructure and strengthen its working capital.

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Luxor Starts New Business to Make Shipping of Bitcoin Mining Rigs Faster

The bitcoin mining services firm has previously shipped over $245 million worth of equipment to more than 30 countries.

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Tether to Invest $500 Million in Bitcoin Mining

Tether, expanding beyond its USDT stablecoin roots, announces a major foray into Bitcoin mining. The firm plans to invest $500 million in this energy-intensive sector, signaling a significant shift in its business model and potential impact on the Bitcoin mining landscape.

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Bitcoin and mining ETF pathways diverge, reflecting shift in investor strategies

Quick Take The correlation between Bitcoin and the Bitcoin mining ETF, WGMI, although strong through much of 2022 and 2023, has seen significant divergence since July 2023. Despite Bitcoin carving a year-to-date high north of $37,000, mining stocks represented by WGMI trailed, continuing to close lower.

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Bitcoin (BTC) Halving Mining Frenzy Pushes Hashrate to Record High

Bitcoin miners buy Bitcoin mining rigs to boost margins ahead of the halving.

The post Bitcoin (BTC) Halving Mining Frenzy Pushes Hashrate to Record High appeared first on BeInCrypto.

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Bitcoin Mining Potential Highlighted In Top Science Journal

A new peer-reviewed research paper has emerged, shedding light on the potential symbiosis between Bitcoin mining and renewable energy initiatives. Dennis Porter, CEO and co-founder of Satoshi Act Fund, a non-profit educational organization dedicated to informing policymakers and regulators about Bitcoin mining’s benefits, and president of Satoshi Educate, shared his insights via X, underscoring the […]

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Marathon Digital harnesses landfill methane for Bitcoin mining pilot in Utah

Marathon Digital, a Bitcoin (BTC) miner, has teamed up with renewable energy asset manager Nodal Power to test a 280 kW Bitcoin mining project in Utah

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This New Bitcoin Mining Token Has Raised $1 Million on Presale – Here’s Why Traders Think It Could Explode

Bitcoin Minetrix (BTCMTX) has raised $1 million in a presale due to its unique approach to Bitcoin mining. The stake-to-mine mechanism allows users to participate in Bitcoin mining by staking BTCMTX tokens.

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El Salvador’s Latest Initiative Reiterates Country’s Commitment To Its Bitcoin Strategy

El Salvador, a leader in embracing Bitcoin (BTC) as a legal tender, has taken a significant step forward in launching its first local Bitcoin mining pool “Lava Pool”. This step marks a pivotal landmark for the country, in its ambitions to harness renewable energy sources for cryptocurrency mining.

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Is Bitcoin Network Sufficiently Decentralized? Here’s What The Data Says

Is the Bitcoin mining network decentralized enough? Or do the big miners control a significant part of it? Here’s what the latest data says. Public Bitcoin Miners Control Around 28% Of The Total Hashrate In a new post on X, Bloomberg Intelligence market analyst Jamie Coutts discussed how the mining industry has evolved. The first […]

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Bitcoin Mining Hashrate Sets New All-Time High, Difficulty Up 5.5% In Response

Data shows the Bitcoin mining hashrate has set a new all-time high recently, forcing the network to up its difficulty by about 5.5%. Bitcoin Mining Hashrate Has Observed A Strong Surge Recently The “mining hashrate” refers to the total amount of computing power that the Bitcoin miners have connected to the network. This value can […]

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US Senator Applauds Bitcoin Mining’s Role In Bolstering The Economy And Grid

In an interview with Forbes, Texas Senator Ted Cruz voiced support for Bitcoin mining and affirmed that mining operations benefit the Texas economy and grid. Cruz admired the decentralized nature of cryptocurrency technology and talked about the financial freedom achieved through the uncontrollable nature of Bitcoin.

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Beyond Bitcoin ETF: Inside BlackRock Bitcoin (BTC) Mining Strategy

BlackRock, one of largest investing conglomerates in world, expands its presence in Bitcoin (BTC) mining segment

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AI mining method for Bitcoin increases reward chance 260% by calculating future blocks

In a notable breakthrough in Bitcoin mining, UK-based Quantum Blockchain Technologies (QBT) has developed a highly promising computing method, the Message Scheduling For Cryptographic Hashing (MSFCA), designed to make Bitcoin mining significantly more efficient.

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Winds Of Change: Bitcoin Miner Riot Sees Substantial Increase In BTC Holdings

Bitcoin mining has been up by a considerable fraction this year, as the blockchain network recorded a new all-time high in hash rate in the second quarter of the year. Mining revenue is also up, as the bitcoin Bitcoin recorded a spike in transaction volume.

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Bitcoin Spark: A New Dawn in Cryptocurrency Mining

Bitcoin (BTC) remains the largest cryptocurrency by market cap. However, its mining process has faced several criticisms that called for innovation. And a new Bitcoin fork known as Bitcoin Spark promises to usher in a new era of crypto mining.

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Bitcoin Spark: The blockchain anyone with a smartphone can mine

What is Bitcoin mining? In the realm of cryptocurrency, Bitcoin mining is a concept that often comes to the forefront. To comprehend the phenomenon of Bitcoin mining, one must first delve into the The post Bitcoin Spark: The blockchain anyone with a smartphone can mine appeared first on AMBCrypto.

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‘We’re Compute Cowboys’: Gideon Powell on the Pioneer Spirit Driving Bitcoin Mining

An interview with the CEO of Cholla Inc., an oil & gas exploration company that’s investing in bitcoin mining.

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Bitcoin’s resilience shines as cohort reaches new highs despite market shocks

Quick Take Roughly two years ago, Bitcoin experienced a significant disruption when China enforced a ban on Bitcoin mining. This development caused the cryptocurrency’s value to tumble from $60,000 to $30,000.

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How Bitcoin Miners Can Stay Clear of SEC Scrutiny (and Fall Foul of It)

Regulators view Bitcoin and other proof-of-work cryptocurrencies as commodities. But mining firms can still trip over securities regulations if they’re not careful. This story is part of CoinDesk's Mining Week.

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Sustainable Evolution: Bitcoin Mining Embraces Eco-Friendly Pathways

Bitcoin mining’s impact on the environment has been a subject of heated debate. While critics point out the high energy consumption required to secure the Bitcoin network, proponents argue that it’s necessary for maintaining the blockchain’s resilience and uptime.

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MIT Researchers Argue Bitcoin Mining Needs More Studies to Avoid Greenwashing

A new MIT paper says Bitcoin miners may have valid points about the benefits of mining to the grid, but they need to prove these benefits in line with global standards. The post MIT Researchers Argue Bitcoin Mining Needs More Studies to Avoid Greenwashing appeared first on BeInCrypto.

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Bitcoin miners’ changing strategies: from hoarding to selling

Quick Take According to Accountant and Bitcoin Mining Analyst at Compass Mining, Anthony Power, throughout 2021, we saw a trend of Bitcoin miners retaining most of their Bitcoin production as the cryptocurrency’s price experienced significant growth.

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Bitcoin Mining Activity Surges Amid High Difficulty: Bitfinex

Bitcoin miners activities continue to pique global interest, showing a rise in BTC mining activity, according to a report from Bitfinex. One particular development is the Bitcoin mining difficulty hitting...

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Fund Manager Vanguard Increases Stake In Bitcoin Mining Stocks To $600 Million

Bitcoin mining is a topic that keeps popping up recently on the news concerning the crypto industry. And Vanguard, one of the world’s largest investment firms, has joined in on the action, as it has increased its stake in Bitcoin mining stocks to over half a billion dollars.

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UAE Share In Global Mining Activity Grows, Accounts For 3.7% Of Mined Bitcoin

According to the latest report by Hashrate Index, a website for Bitcoin mining data and metrics, the UAE is now becoming a growing destination for Bitcoin miners, especially in the Middle East.   Bitcoin Miners Look For Greener Pastures Bitcoin miners have faced issues in popular Bitcoin mining countries like China and Kazakhstan in recent years.

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Bitcoin mining heats water in Brooklyn Bathhouse, users flip out

The impact of Bitcoin mining on the environment remains a significant concern to many, leading to unfavorable responses from people opposed to its use.

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Sweden Drives Final Nail Into Its Bitcoin Mining Industry With Tax Hike

The 6,000% increase in taxes per kilowatt hour of energy will likely kill any potential bitcoin mining investments in the country.

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U.S. Bitcoin Corp. Settles With Niagara Falls City to Resume Bitcoin Mining

The firm is currently trying to complete a merger with Canadian Hut 8 Mining.

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‘Skull of Satoshi’ Creator Turns Optimistic on Bitcoin Mining With Renewable Energy

The creator of the 'Skull of Satoshi' sculpture took to Twitter to express optimism about Bitcoin mining using green energy. The post ‘Skull of Satoshi’ Creator Turns Optimistic on Bitcoin Mining With Renewable Energy appeared first on BeInCrypto.

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Fractional Reserve Carbon Accounting Is An Attack On Bitcoin Mining

A forthcoming New York Times article is expected to introduce “fractional reserve indirect carbon accounting” and target bitcoin mining.

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Bitcoin Mining Is Good for the Energy Grid and Good for the Environment

Bitcoin mining should be hailed as an effective tool for a lower emissions future, not demonized as monkey wrench in the works.

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While Canada fights Bitcoin mining, Play-to-Earn cryptos like Metacade gain popularity

Canada has become the latest country to fight Bitcoin mining with the news that the city of Quebec wants to end selling cheap power to crypto miners in response to rising global energy prices. Government-owned Hydro-Quebec recently asked the provincial regulator to reallocate the 270 megawatts of energy previously set aside for mining Bitcoin.

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Hut 8 to merge with rival cryptocurrency mining firm US Bitcoin

Two notable Bitcoin mining firms, Hut 8 and US Bitcoin, have announced a merger as detailed in a press release published on February 7. The post Hut 8 to merge with rival cryptocurrency mining firm US Bitcoin appeared first on CryptoSlate.

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Bitcoin mining firms Hut8 and US Bitcoin announce merger 

Hut 8 and U.S. Bitcoin have joined forces to form a new bitcoin mining corporation dubbed Hot 8 Corp., a large-scale publicly listed bitcoin mining corporation with access to 825 MW of electricity.

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