Mining

Bitcoin’s mining difficulty hit a record high after increasing 5.48% to 57.12 trillion. This rise signifies the need for a significant amount of computational power to discover blocks. Meanwhile, the network’s hashrate also…
Read More...

Paxos paid $520,000 for a $2,000 bitcoin transaction earlier this week.
Read More...

Celsius had previously claimed hundreds of millions in damages in a squabble over unpaid dues that led to its mining rigs being powered down.
Read More...

The Singapore-based investment management and software-as-a-service (SaaS) provider, SMI Vantage, plans to launch a bitcoin mining facility in the state of Sarawak in Borneo, Malaysia. The company has signed a rental agreement and…
Read More...

At the “Avalon Bitcoin & Crypto Day” conference in Singapore, the bitcoin mining application-specific integrated circuit (ASIC) manufacturer Canaan showcased its new Avalon-made 14 series mining rigs. One of the mining…
Read More...

Bitcoin mining company Riot Platforms is defending its participation in Texas’ electricity market programs after recent headlines claimed the state ‘paid’ the miner over $30 million to reduce power in August. Riot Platforms Sets the Record…
Read More...

Bitcoin mining aided the Electric Reliability Council of Texas, or ERCOT, when the bitcoin mining company Riot Platforms reduced its power usage amid a Texas summer heatwave. Riot said in its most recent production and operations update…
Read More...

On Tuesday, September 5, 2023, Bitcoin’s mining difficulty experienced a 2.65% dip at block height 806,400, offering a slight reprieve for miners. This marks the first decline since July 26, when a 2.94% slide was recorded at block…
Read More...

This past week, the U.S. Securities and Exchange Commission (SEC) delayed seven spot bitcoin exchange-traded funds (ETFs), including Blackrock’s proposed Ishares Bitcoin Trust. Alongside this news, Into The Block metrics indicate…
Read More...

While Bitcoin experienced two difficulty adjustments upward last month, the next one, expected around September 6, 2023, is estimated to be a reduction. Currently, the network’s hashrate is about 367.58 exahash per second (EH/s),…
Read More...