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Bitcoin Miners Sail Through Over 400 Difficulty Changes With 13 More Anticipated Before the Halving
18.10.2023
In 189 days or 27,000 blocks, Bitcoin’s block reward is anticipated to halve. Within this period, around 13 adjustments in Bitcoin’s difficulty are expected. The network’s difficulty indicates the complexity of finding a hash below a particular target, essentially representing...
With Bitcoin’s Fourth Halving Under 200 Days Out, What’s at Stake for Miners?
15.10.2023
With fewer than 200 days to go, anticipation mounts for the halving, a four-year event that halves the supply rate. Bitcoin’s fourth halving is projected to take place on or around April 24, 2024. This comprehensive guide will help you understand the halving’s effects and what...
US authorities monitor China-linked Bitcoin miners amid national security concerns: Report
13.10.2023
A crypto mining operation near a Microsoft facility that supported the Pentagon was reportedly under scrutiny by U.S. officials
Bitmain Halts Employee Salaries Amid Financial Woes, Report
11.10.2023
Mining hardware manufacturer Bitmain has temporarily suspended salary payments to its employees, a media report has revealed. News of the move comes along with information suggesting that the crypto giant is experiencing financial difficulties with poor results from its operations. Antminer Maker...
Bitcoin’s Hashrate Hits Record High Amid Upcoming Reward Halving and Market Challenges
10.10.2023
A week ago, at block height 810,432, Bitcoin miners dealt with a 0.35% rise in difficulty. Yet, on October 8, the Bitcoin hashrate soared to a new record. According to the seven-day simple moving average (SMA), it touched an impressive 440 exahash per second (EH/s). Notably, less than 200 days...
Bitcoin miners Marathon, Riot, CleanSpark increase BTC output in September
5.10.2023
Marathon Digital, in particular, produced 1,232 Bitcoin in September, which accounted for a record 4.3% share of Bitcoin miner rewards
Bitcoin Miners Brace for Increased Challenge as Network Difficulty Hits New High of 57.32 Trillion
3.10.2023
On October 3, 2023, at block height 810,432, the Bitcoin network experienced its second consecutive difficulty increase since September 19. The challenge of uncovering block rewards escalated as the difficulty reached a new pinnacle, rising by 0.35% to 57.32 trillion on Tuesday. Bitcoin Network...
From Half a Million to 27K: Bitcoin’s Transaction Backlog Set to Clear for First Time in Four Months
3.10.2023
It’s been a captivating four months since Bitcoin’s mempool last emptied, and with the recent downturn in Ordinal inscriptions this month, the backlog now holds a mere 27,210 unconfirmed transactions. Bitcoin’s Transaction Backlog Nears End as Ordinal Inscriptions Wane A little...
Kazakhstan’s Miners Write Letter to President, Makes Plea For Lower Energy Prices
3.10.2023
Digital asset miners in Kazakhstan have written an open letter to President Kassym-Jomart Tokayev asking for lower energy prices.
According to reports from local media sources, eight major mining firms penned their signatures to the letter as more miners suspend their activities in...
Kazakh crypto miners plead with President to cut energy prices
3.10.2023
Eight major cryptocurrency mining operators signed an open letter to the President of Kazakhstan, Kassym-Jomart Tokayev
Crypto Miners Blame ‘Exorbitant Taxes’ for Kazakhstan Exodus
2.10.2023
Licensed crypto mining companies have urged the government in Kazakhstan to revise its taxation policy regarding the sector, which they say is in dire straits. The largest mining firms plan to leave the Central Asian nation by the end of this year, warned the members of the industry. Miners...
Amid Falling Inscriptions, Bitcoin Miners Chip Away at Transaction Backlog
30.9.2023
Bitcoin miners have been steadily clearing the mempool of unconfirmed transactions since the number almost reached 700,000 on September 6, 2023. Currently, the number of unconfirmed transactions has dropped to just over 153,000 pending confirmation. Transaction Backlog Shrinks as Bitcoin Miners...
3 reasons why Bitcoin miners are selling BTC — and why it’s not capitulation
28.9.2023
Crypto market analysts tend to interpret Bitcoin miners selling their of BTC rewards as bearish, but miners countered this logic in detail at the recent Bitmain WDMS conference
Listed Bitcoin Miners Could be the Ultimate Bet for 2024: Matrixport
28.9.2023
Investors could see outsized gains by buying a diversified portfolio of publicly listed mining companies, the report said
Tanzanian Central Bank Launches Foreign Exchange Reserves Boosting Gold Buying Scheme
27.9.2023
The Bank of Tanzania said on Sept. 25 that it has kickstarted an initiative that seeks to boost the country’s foreign exchange reserves by buying gold with local currency. The bank said its objective is to acquire six tonnes of gold from miners and traders in 2023 alone. The Tanzanian Gold...
BTC Ordinals Craze Puts Miners in Dilemma: Glassnode
27.9.2023
A new Glassnode report says that Bitcoin (BTC) Ordinals are not displacing monetary transfers despite concerns of network clogging.
In a Sept 25 release, on-chain analytics firm Glassnode explained the role of BTC inscriptions on the network, their impact in competition with other transactions...
Bitcoin Ordinals haven’t wrestled blockspace from money TXs: Glassnode
27.9.2023
Inscriptions have been acting more as a "packing filler," stuffed into any remaining space once higher-value monetary transfers are packed into blocks, said the firm
Venezuelan Authorities Find Grenade Launchers, Bitcoin Miners, and Even a Zoo in a National Jail
25.9.2023
Venezuelan authorities found weapons of war, a discotheque, pools, a zoo, and even a makeshift Bitcoin mining farm in a raid completed on a national jail. The raid, executed in the Tocoron National Penitentiary Center, located in the Aragua state, mobilized 11,000 military officers to take control...
Bitcoin miners double down on efficiency and renewable energy at the World Digital Mining Summit
23.9.2023
Bitmain rolled out its efficiency-focused Antminer S21 at the WDMS and Bitcoin miners shared their plans for boosting productivity via green energy
Peak Mining Signs $150M Deal for Microbt Bitcoin Miners, Eyes Large-Scale Liquid-Cooling Tech
22.9.2023
According to Peak Mining, a subsidiary of Northern Data Group, the company has signed a contract with bitcoin mining rig manufacturer Microbt worth $150 million. This agreement will equip Peak Mining with 7 exahash per second (EH/s) of the latest next-generation BTC mining devices. Microbt...