Mining

August has proved to be a challenging month for bitcoin miners, facing two difficulty spikes and witnessing the currency’s value plummet over 10% in the past 30 days. This decline in value has pulled the network’s hash price…
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In recent developments, Electricite du Laos (EDL) announced on August 24 that the power company shut down cryptocurrency mining activities. This decision came after this summer’s unprecedented heat surge escalated electricity demands.…
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Bitcoin miners faced another uphill battle this month, marking the second straight increase in mining difficulty. On August 22, at block height 804,384, the difficulty surged by 6.17%. This fresh peak in Bitcoin’s difficulty sets a…
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Miners are now offering high performance computing services to the rapidly evolving artificial intelligence market, the report said.
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Canaan, a leading high-performance computing firm and mining rig producer, recently disclosed hurdles set to dent its bitcoin mining activities and revenue from Q3 2023 onward. These setbacks primarily stem from diminished operational hours…
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Quantum Blockchain Technologies (QBT), a research firm hailing from the U.K., purports to have spearheaded a revolutionary leap in bitcoin mining tech. They’ve unveiled certain methods that reportedly enhance the chances of…
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As crypto mining firms rapidly expand infrastructure ahead of the 2024 Bitcoin halving, the industry is also branching out into another growing tech frenzy: artificial intelligence. A report from JP Morgan on Thursday explained how mining…
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A Filecoin (FIL) mining company is facing charges from Chinese authorities over allegations of running an $83 million pyramid scheme. According to a new social media post, the local court in Pingnan county in the Guangxi autonomous region…
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A new study suggests bitcoin mining could actually help drive the transition to renewable energy sources. Researchers Juan Ignacio Ibañez and Alexander Freier make the case that Bitcoin miners’ demand for cheap electricity…
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