Marathon Patent Group To Receive 4,000 New Bitcoin Mining Rigs From Bitmain

2021-2-2 21:47

This morning, Marathon announced that a shipment of 4,000 new Antiminer S-19 Pro Bitmain miners are en route to its mining facility in Hardin, MT. This is the first of many shipments that Marathon has scheduled for 2021 which will fulfill its order for more than 103,000 additional miners from Bitmain, according to a release sent to Bitcoin Magazine. 

Marathon’s current mining fleet consists of 2,560 miners generating 248 PH/s and the company expects that this additional 4,000 unit order will take the company’s total mining capacity to 688 PH/s, or a 256 percent increase in its production.

“This shipment of 4,000 S-19 Pro miners is the first of many we will be receiving from Bitmain in 2021 as we build towards becoming one the largest and most efficient miners in North America,” said Merrick Okamoto, Marathon’s chairman and CEO, per the release.

Marathon hopes to have the 4,000 units online by the end of February and noted that an additional 11,000 miners should be delivered by the end of April. To date, the company has purchased 103,060 additional miners.

Several other North American bitcoin mining groups have acquired large orders of mining rigs recently, including Hut 8, Blockstream Mining and Compute North.

The post Marathon Patent Group To Receive 4,000 New Bitcoin Mining Rigs From Bitmain appeared first on Bitcoin Magazine.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67076.39 (-0.06%)
Объем 24H $22.118b
Изменеия 24h: -0.07 %, 7d: 9.59 %
Cегодня L: $66031.14 - H: $67143.86
Капитализация $1321.455b Rank 1
Цена в час новости $ 33598.09 (99.64%)

bitcoin mining bitmain marathon rigs patent group

bitcoin mining → Результатов: 126


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 […]

2024-4-30 12:00


Фото:

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.

2024-3-26 17:30


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.

2024-2-9 14:00


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.

2023-12-2 03:00


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 […]

2023-11-9 22:00


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 […]

2023-9-20 20:00


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.

2023-2-13 15:44