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AI's energy consumption concerns echo Bitcoin mining criticisms, says Heatbit founder
17.11.2023
While artificial intelligence continues to grab headlines, small and large-scale Bitcoin miners might not necessarily jump ship to the AI and machine learning hype train
Tether Charts Strategic Course in Bitcoin Mining, Plans $500 Million Infusion
16.11.2023
Tether Holdings Ltd., the issuer of the leading stablecoin in terms of market value and trade volume, is poised to become a formidable player in the mining industry, as revealed by its CEO, Paolo Ardoino. On Thursday, Ardoino announced the company’s intention to channel approximately $500...
Best Crypto to Buy Now November 16 – Kaspa, Render, Avalanche
16.11.2023
KAS, RNDR, and AVAX are hitting new highs making their case as the best crypto to buy now. Also, keep an eye on BTCMTX and TGC. Image by cryptonews.com. With the KAS price hitting new highs, Kaspa is making a case for itself as the best crypto to buy now. Render and Avalanche are also […]
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Critics Alarmed as 2 Major Mining Pools Dominate Over 50% of Bitcoin Hashrate
16.11.2023
On Wednesday, crypto analyst Chris Blec highlighted that Bitcoin’s two major mining pools now control over half of the network’s total hashrate. Blec posits this dominance could transform bitcoin mining into an industry adhering to regulatory standards, with all miners required...
Tether plans major expansion into BTC mining with $500M investment: Report
16.11.2023
Tether has ambitions to reach 1% of BTC mining computing power under its new CEO Paolo Ardoino. New facilities in South America will be part of the push
Is Monero Going to Zero? XMR Price Drops 3% as Viral New Bitcoin Mining Project Surpasses $4 Million Milestone
16.11.2023
The XMR price has dropped by 3% in the past 24 hours, slipping to $160.91 on a day when the cryptocurrency market as a whole gains by 2.5%. Monero is also down by close to 4% in the past week and by 6% in a fortnight, with the privacy coin gaining by only 9% in […]
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ASICRUN Miners Tout “Unparalleled Mining Performance” as Fight For Efficiency Intensifies
16.11.2023
Image Source: Pixabay Hong Kong-based crypto technology company ASICRUN has released its latest offerings, which reportedly boast “unparalleled mining performance.” In a Wednesday press release, the company said its latest offerings, the AR1, AR2, and EliteAR ASIC miners, stand out...
Best Crypto to Buy Now November 15 – Celestia, PancakeSwap, THORChain
15.11.2023
TIA, CAKE, and RUNE are among the best crypto to buy now, while new presales like BTCMTX and TGC offer high risk/reward. Image by cryptonews.com. The TIA price hit yet another all-time high earlier today, as Celestia’s native token remains one of the best crypto to buy now. The recent 200%...
Auradine Unveils New Teraflux Miners Setting New Efficiency Benchmarks in Bitcoin Mining Industry
15.11.2023
While several leading mining rig manufacturers have introduced more efficient bitcoin miners measured in joules per terahash (J/T), Auradine, based in California, has announced the debut of its Teraflux AT2880 and AI3680 bitcoin miners. These new models feature efficiency rates ranging from 15...
Best Crypto to Buy Now November 14 – Frax Share, Polygon, Immutable
15.11.2023
FXS, MATIC, and IMX log strong gains with crypto presales Bitcoin ETF Token and Bitcoin Minetrix offering potential as the best crypto to buy now. Image by cryptonews.com. Frax Share’s recent market surge has positioned it as one of the best cryptos to buy now with a not insignificant 25.55%...
Hive Bolsters Mining Power With Purchase of 4,800 Bitmain S19k Bitcoin Miners Ahead of 2024 Halving
14.11.2023
On Tuesday, Hive Digital, a bitcoin mining company based in Vancouver, revealed its acquisition of 4,800 Bitmain S19k Antminer mining rigs. Hive stated that this purchase is intended to strengthen the firm and strategically position it for the anticipated reward halving. Vancouver’s Hive...
Don’t Miss: Bitcoin Minetrix Nears $4M Raised As Bitcoin Rally Fuels Surge in Bitcoin Mining Activity – Just 2 Days Until $BTCMTX Price Increase!
14.11.2023
Tuesday, November 14, 2023 – As Bitcoin (BTC) price finds its feet above $36k, market interest in Bitcoin mining is hitting all-time highs, fuelling an explosion in the Bitcoin Minetrix presale as retail investors race to participate in Bitcoin Cloud Mining. A huge influx of funding into...
Crypto Mining Profitability Soars as Miners Rake In Record $32 Million in Revenue in One Month
14.11.2023
Image Source: Pixabay The crypto mining industry is experiencing a surge in profitability, with miners earning a record $32 million in revenue in the past month. The hashrate, a measure of the computational power needed to mine a coin, has reached an all-time high, indicating that miners are using...
Is Avalanche Going to Zero? AVAX Price Drops Like a Stone as Under-the-Radar Coin Achieves $4 Million Milestone – What’s Going On?
14.11.2023
Ethereum rival Avalanche is battling a major retracement move as AVAX price drops like a stone, and in other news, an under the radar Bitcoin mining project has hammered up to its $4 million milestone. The retracement move, which has so far been well-defended by Avalanche bulls, appears to have...
Bitcoin Price Prediction – $120,000 by End 2024 Says Top Bank But Bitcoin ETF Token Reels in $500,000 And Can Explode 10x
13.11.2023
Monday, November 13, 2023 – The Bitcoin price predictions are rolling in, and among the most bullish is $120,000 by the end of 2024 from Standard Chartered Bank – but Bitcoin ETF Token has raised $500,000 and could gain 10x at launch. Since Sunday, the crypto industry has been focused on...
Bitcoin miners earned $44M in a day to record annual all-time high
13.11.2023
2023 saw an overall trend reversal as crypto entrepreneurs took charge of the situation and helped regain investor confidence
Publicly-Listed Bitcoin Miner Bitdeer Expands Into AI With Nvidia
10.11.2023
Several bitcoin mining enterprises are shifting their focus to artificial intelligence (AI) computing and cloud services. In a recent development, the publicly traded blockchain and high-performance computing company Bitdeer, disclosed its expansion into AI. This strategic move involves providing...
Court Approves Celsius Network’s Bankruptcy Exit, Transition to Bitcoin Miner
10.11.2023
The U.S. Bankruptcy Court has approved Celsius Network LLC’s transition from a failed crypto lender to a Bitcoin mining business, setting the stage for the company to begin repaying its customers. Judge Martin Glenn confirmed the company’s plan to compensate its creditors using a mix of digital...
Marathon Digital Reports $97.5 Million Revenues in Q3 2023 With Massive Surge in Bitcoin Production
9.11.2023
Source: AdobeStock / Photocreo Bednarek Marathon Digital Holdings, a prominent Bitcoin mining company, has announced a remarkable financial performance in the third quarter of 2023. The company reported a substantial 670% year-on-year increase in profit, primarily driven by a nearly five-fold rise...
Riot Platforms Reports Q3 Results: Generates 1,106 Bitcoins and Raises Over $200 Million
9.11.2023
Source: AdobeStock / Photocreo Bednarek Bitcoin mining company Riot Platforms has released its financial report for the third quarter, showcasing notable improvements despite missing earnings and sales estimates. Per the report, Riot Platforms generated 1,106 Bitcoins during the quarter, marking...