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Fracking Companies Pivot to Mining Bitcoin as Pandemic Woes Continue to Bite
Bitcoin is often slammed over its high electricity consumption. Critics argue this is wasteful and unsustainable in the long term. However, in an unusual twist to the environmental debate, it turns out that fracking companies are utilizing waste gas to power Bitcoin mining rigs. дальше »
2021-4-1 19:00 | |
Hut 8 Joins Foundry’s US Mining Pool, Adds Over 14,000 Bitcoin Mining Rigs of Hashpower
On Tuesday, the firm Hut 8 Mining Corp. , announced that it is joining the Foundry U. S. -based bitcoin mining pool. The publicly-listed mining company said that it added 14,400 machines to Foundry’s mining operation and it also plans to deploy another 5,000 miners by August. дальше »
2021-3-24 01:30 | |
Shenzhen-listed ICT Company Plans to Invest $155 Million in Microbt Bitcoin Mining Hardware
A Shenzhen-listed information and communications technology (ICT) company ZJBC has plans to invest in the bitcoin mining sector according to a recent announcement. ZJBC says that it aims to spend up to $155 million on Microbt manufactured ASIC mining rigs. дальше »
2021-3-20 17:00 | |
The Wisemining Sato Boiler- A Product That Aims to Heat Your Home and Offset Costs by Mining Bitcoin
In just over two weeks, a company called Wisemining plans to launch a new product called Sato, a boiler that can provide heat to a home by leveraging ASIC mining rigs for heat production. It also means that the heater provides revenue in the form of cryptocurrency, which offsets the costs of heating a home […] дальше »
2021-3-20 01:00 | |
Bitfarms Purchases 48,000 Bitcoin Miners, Plans to Increase Hashpower by 5 Exahash
The publicly listed Canadian bitcoin mining operation Bitfarms has announced the firm is purchasing 48,000 Microbt Whatsminer mining rigs in order to expand capacity. Bitfarms highlights the acquisition of new miners will up the company’s hashpower by approximately 5 exahash per second (EH/s). дальше »
2021-3-3 03:30 | |
SOS Announces that the First Batch of 5000 Pieces of Crypto Mining Rigs Gone Live Today
SOS Limited announced today that the 5000 PCS of crypto mining rigs, which were the first batch of delivery received on February 9, 2021, have... дальше »
2021-2-24 19:58 | |
Russian Miner Imports 20k Bitcoin Rigs, The Largest-Ever Batch
According to a Kommersant report, BitRiver imported the largest set of Bitcoin (BTC) mining equipment in December. This is the largest single batch to make its way into the country. With an estimated 70 Megawatts (MW) of capacity, it will accommodate retail operations for at least three months. дальше »
2021-2-11 22:33 | |
Canaan to Supply 6,000 BTC Mining Rigs to Core Scientific; Aims to Boost Power by 400MW
In a release sent to BEG desks, Canaan confirmed the sale of 6,000 Bitcoin mining units of the A1246 model of its AvalonMiners line to Core Scientific, North America’s leading digital mining operator. дальше »
2021-2-2 18:25 | |
Marathon Patent Group To Receive 4,000 New Bitcoin Mining Rigs From Bitmain
Marathon Patent Group is receiving 4,000 Antminer S-19 Pro rigs from Bitmain, bringing its bitcoin mining capacity up to 688 PH/s. The post Marathon Patent Group To Receive 4,000 New Bitcoin Mining Rigs From Bitmain appeared first on Bitcoin Magazine. дальше »
2021-2-2 21:47 | |
Bitmain is Back to ‘Normal Operations’ Following Jihan Wu Settlement With Micree Zhan
Over the past year, Bitmain, the world’s largest Bitcoin mining rigs producer, has struggled to complete its customers’ orders as conflicts within the top management delayed shipments. In focus, founders Micree Zhan and Jihan Wu were at the center of the feud as Wu once threatened to split its flagship mining Antminer rig’s manufacturing and […] The post Bitmain is Back to ‘Normal Operations’ Following Jihan Wu Settlement With Micree Zhan first appeared on BitcoinExchangeGuide. дальше »
2021-1-29 20:08 | |
Blockstream Expands Operations; Spends $25 Million on MicroBT Bitcoin Mining Rigs
In a post earlier on Thursday, Blockstream’s CEO Adam Back announced the purchase of new WhatsMiner Bitcoin miners from Shenzhen-based MicroBT, at the cost of $25 million. The addition of miners to its stock follows the increase in institutional demand for mining rigs and Bitcoin in the past few months. дальше »
2021-1-28 19:02 | |
Blockstream Buys $25 Million Of Bitcoin Mining Hardware From MicroBT
Blockstream Mining, one of the largest bitcoin mining groups in North America, announced a major purchase of MicroBT Whatsminer M30S rigs. The post Blockstream Buys $25 Million Of Bitcoin Mining Hardware From MicroBT appeared first on Bitcoin Magazine. дальше »
2021-1-28 21:01 | |
Hut 8 Partners With Foundry Digital To Secure 475 PH/s In Bitcoin Mining Capacity
Hut 8 turned to Foundry Digital for $11.8 million in financing and access to 5,400 new MicroBT Whatsminer M30S mining rigs. The post Hut 8 Partners With Foundry Digital To Secure 475 PH/s In Bitcoin Mining Capacity appeared first on Bitcoin Magazine. дальше »
2021-1-26 22:46 | |
Global Chip Shortages Disrupt Bitcoin Mining Rig Production: China’s Dominant Position as Hash Rate Leader Under Threat
The ongoing global shortage of chips that are used in the production of bitcoin mining rigs is now causing manufacturing disruptions. According to one report, these disruptions are causing a shortage of rigs on the market and subsequent price increases. дальше »
2021-1-25 18:30 | |
China’s Bitcoin Mining Industry Get Hits by Ongoing Global Chip Shortage
A severe global shortage of computer chips used to make bitcoin mining rigs has reduced the production capacity of the rigs in China, which has the world’s biggest BTC mining rigs manufacturing industry. дальше »
2021-1-23 16:49 | |
Not enough chips to support production of Bitcoin mining rigs
China-based Bitcoin miners are facing setbacks because of a lack of mining chips, across the world. The region, which is the world leader in the mining business, is facing unprecedented prices of miniThe post Not enough chips to support production of Bitcoin mining rigs appeared first on AMBCrypto. дальше »
2021-1-22 21:00 | |
Iran Seizes 45,000 Bitcoin Miners for Illegally Using Subsidized Government Electricity: Report
Police in Iran have reportedly seized 45,000 bitcoin mining rigs for illegally using subsidized electricity from the state-owned power utility Tavanir, the local Tasmin News Agency reported this week. дальше »
2021-1-19 06:15 | |
Bitfarms deploys 1,000 Whatsminer rigs; acquires 3,000 miners
Canadian miner Bitfarms deployed 1,000 Whatsminer M31S mining rigs. Additionally, the firm will soon acquire 3,000 Whatsminer M31S+ miners which will arrive in late February next year. The firm said tThe post Bitfarms deploys 1,000 Whatsminer rigs; acquires 3,000 miners appeared first on AMBCrypto. дальше »
2020-12-23 00:30 | |
Bitcoin Mining Rig Prices up 35% Since Start of November — Shortages Force Miners to Turn to Secondary Market
The prices of the latest generation mining rigs have gone up 35% since the beginning of November, according to Hashr8. The observed price increase comes as Bitmain and Microbt are reportedly sold out until May 2021. дальше »
2020-12-17 05:00 | |
Clocking Terahash: Three Next-Generation Bitcoin Mining Rigs Launched During the Last Quarter
Just recently, the China-based bitcoin mining rig manufacturer Microbt released a new ASIC device that clocks up to 112 terahash per second (TH/s). The new machine is one of the top-performing mining rigs on the market, according to today’s network difficulty and electrical rates below $0. дальше »
2020-12-8 03:30 | |
Bitcoin’s Rise Causes Shortage of Mining Rigs, Most Units Sold Out, Miners Concerned About Supply
While the bitcoin economy has swelled in value, the overall network hashrate has gradually climbed higher as miners are making a lot of money confirming blocks. However, obtaining bitcoin mining rigs isn’t so easy these days, and regional reports from China indicate a great number of ASIC manufacturers are sold out for months. дальше »
2020-12-5 06:30 | |
S9 Resurrection: Higher Bitcoin Prices Allow Miners to Switch Outdated Mining Rigs Back On
With bitcoin prices hovering over a certain handle, a great number of old ASIC mining rigs manufactured years ago are starting to become profitable again. Reports indicate that in China, where the average electricity cost is around $0. дальше »
2020-11-14 03:00 | |
YoBit.net Virtual Mining Review: How Much You Can Realistically Earn From VMining?
Think it’s already too late to get into crypto mining in 2020 without digging a hole in your pocket? Well, not for sure! Not unless you are only interested in those ultra-expensive brick-and-mortar mining setups that can’t go without heavy investments in infrastructure, mining rigs, energy, and other associated costs. дальше »
2020-11-11 19:48 | |
ProBit Exchange Lists IVY for Live Trading
IVY has been listed on ProBit Exchange including both KRW and BTC markets for trading. As mining is predominantly encompassed by several mining rigs and generates considerable resource demands, IVY Spin Mining helps lower the entry barrier to enable all smartphone users to generate passive mining rewards with IVY SPIN COINS (ISC). The platform provides […] дальше »
2020-10-30 23:38 | |
Bitcoin Mining Rigs Struggle for Profits, Despite BTC’s Hashrate Reaching an All-Time High
Bitcoin’s hashrate climbed to an all-time high (ATH) this week touching 166 exahash per second (EH/s) on October 14. Meanwhile, despite the recent price rise and hashrate ATH on Wednesday, only a small group of next-generation mining rigs are profiting at current bitcoin exchange rates. дальше »
2020-10-16 03:00 | |
Capturing Petahash: Marathon Obtains 3,300 Bitcoin Mining Rigs, Acquires Fastblock for $22 Million
The Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, has announced it will be purchasing Fastblock Mining in an all stock transaction. The firm’s letter of intent revealed Marathon will acquire Fastblock for around $22 million. дальше »
2020-8-28 13:30 | |
Bitcoin Miner Maker Bitmain Delays Shipments Amid Internal Power Struggle
Bitcoin mining firm Bitmain announced delays in the shipping of its mining rigs due to “external interference. ” The company said customers expecting to receive their equipment between June and July should now expect them by September or October this year. дальше »
2020-8-6 15:00 | |
Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Competitors
Two of the top mining manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs. Canaan Inc. and Ebang Communications both have shares listed on the Nasdaq stock exchange, and the two firms just launched two ASIC mining devices with hashrates up to 63 terahash per second (TH/s). дальше »
2020-8-3 06:30 | |
Leadership Feud at Bitmain: 10,000 Antminers Go Missing in Inner Mongolia
Reports detail that 10,000 Antiminers have been allegedly stolen from a Bitmain facility in China. Sources say that the missing mining rigs concern the ongoing power struggle between Bitmain cofounders Jihan Wu and Micree Zhan. дальше »
2020-7-25 16:25 | |
Venezuela Seizes 315 Bitcoin Mining Rigs: Miners Discuss Illegal Confiscation, Police Extortion
The Venezuelan military has seized 315 Bitmain Antminer S9 bitcoin mining rigs it claims are not properly registered to operate in the country. Although cryptocurrency mining is legal in Venezuela, miners say they have been unfairly treated, citing illegal seizures of mining equipment and police extortion. дальше »
2020-7-11 00:30 | |
Iranian Crypto Miners Must Register Identities, Rigs, and Overall Size With the Government
Iran is one of the few countries that has embraced cryptocurrency mining as a legal business in a bid to increase revenues and escape the tough economic U.S. sanctions placed on the country. In a bid to regulate the crypto mining industry and eliminating confusion within the industry, the government will place monitoring controls on […] дальше »
2020-7-8 17:34 | |
Bitcoin’s 5% Drop in Value Puts Pressure on BTC Mining Operations and Older ASIC Rigs
During the last seven days, the price of bitcoin has dropped 4. 8% from a high of $9,700 on June 24, to a low of $8,965 on June 27. Since then the price has increased and the price per bitcoin is back above the $9k zone but much lower than before. дальше »
2020-7-1 03:05 | |
US Contract Miner Core Scientific Buys 17,600 Bitcoin Miners From Bitmain
U. S. contract mining firm Core Scientific has agreed on a deal to buy 17,600 mining rigs from Chinese bitcoin hardware maker Bitmain Technologies Inc. The company is buying Bitmain’s next-generation bitcoin (BTC) miner, the Antminer S19, it said in a statement on June 29. дальше »
2020-6-30 05:15 | |
Ousted Bitmain Co-Founder Halts Antminer Shipments
Reports are emerging from the People’s Republic of China that Bitcoin mining giant, Bitmain, is delaying shipments of the firm’s popular Antminer rigs. The news was revealed by the head of marketing at Hashkeyhub, Molly [@molllliy], on her Twitter account, citing a translation from Weibo, China’s leading microblogging portal. дальше »
2020-6-16 16:43 | |
A Number of Small Bitcoin Mining Farms Are Quitting as Older Mining Rigs Become Worthless
Bitcoin mining has changed a great deal since the block reward halving on May 11, 2020, and the overall SHA256 hashrate has been between 100-120 exahash per second (EH/s) during the last 48 hours. дальше »
2020-6-11 18:45 | |
Marathon Installs 700 New Bitcoin Mining Rigs as Competition Heats Up
The competition in the North American Bitcoin mining arena could be heating up with the news that Marathon is upping its hash rate capacity by 56PH/s. Marathon, a Nasdaq-listed crypto mining firm announced the installation of 700 Bitcoin miners via a press release on Wednesday. дальше »
2020-6-4 08:15 | |
Post-Halving Reality: Bitcoin Cash Network ‘Not Looking Healthy’ As On-Chain Metrics Continue Slumping
Since the block rewards for Bitcoin Cash (BCH) miners were cut in half more than a month ago, the network has awakened to a harsh new reality. A good number of miners on the network pulled the plug on their mining rigs due to the reduced revenue. дальше »
2020-5-26 16:45 | |
Iran Licenses $7.3 Million Bitcoin Mining Enterprise, Move Aimed at Easing U.S. Sanctions
Iran has issued a bitcoin mining license to Iminer, a Turkish-based company. Iminer will operate up to 6,000 rigs, with a computing power of 96,000 terahash per second (TH/s) in total. According to media reports, the miner has spent $7. дальше »
2020-5-5 03:15 | |