Mining

The U.S. Energy Information Administration (EIA), a statistics agency of the U.S. Energy Department, has sent letters to cryptocurrency miners requiring data related to energy consumption and configuration of their mining sites. According…
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In September 2022, Bitcoin’s SHA256 algorithm ranked as the seventh most lucrative proof-of-work (PoW) network for mining. Fast forward a year and four months, and this algorithm has ascended to become the third most profitable…
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On Saturday, the Bitcoin network experienced its first difficulty reduction of the year, witnessing a 3.9% decrease at block height 826,560. As a result, the network’s mining difficulty now stands at 70.34 trillion, with the next…
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Core Scientific has received the go-ahead from bankruptcy court for its reorganization, paving the way for the bitcoin mining giant to relist its shares on Nasdaq. Core Scientific Set for a Major Turnaround Core Scientific, Inc., a major…
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The thieves allegedly tapped into utility poles of a state-owned energy firm to power mining operations.
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Three days ago, on Dec. 23, 2023, Bitcoin marked its 27th and final difficulty adjustment for the year. This year witnessed 27 shifts in epochs, with the most substantial one on Jan. 15 at block 772,128, seeing a surge in network difficulty…
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Several years ago, the landscape of ASIC bitcoin mining producers was diverse. Yet, over the recent couple of years, a select few top manufacturers have sustained the production of bitcoin mining rigs. ASIC Mining’s Changing Landscape…
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On Dec. 23, 2023, Bitcoin’s mining difficulty soared to a record level at block height 822,528. The difficulty surged by 6.98%, marking the most substantial escalation in nine months, since March 23. This increment set a new…
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The publicly-listed company Hive Digital Technologies, based in Vancouver, has announced the acquisition of 7,000 new application-specific integrated circuit (ASIC) bitcoin mining rigs from Bitmain. The ordered Antminer S21 units are slated…
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In a recent disclosure, the publicly-listed bitcoin mining corporation Stronghold Digital Mining publicized its entry into a $15 million securities purchase agreement with an institutional investor. Furthermore, Stronghold elaborated that…
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