Mining

Trends can tell a lot about where an industry has come from and where it’s going. When Bitcoin first launched in 2009, individuals were mining Bitcoin from their laptops, and I personally was mining Bitcoin from a few mining rigs set up in my dorm room. We didn’t know that we’d have to be concerned […]

Riot Blockchain, one of Texas’s largest Bitcoin mining operations, earned around $9.5 million in power credits last month by turning off its miners. According to the company’s monthly report, Riot voluntarily curtailed its energy consumption in order to ensure more power would be available to ERCOT, which supplies power to 25 million Texans. Jason Les, […]

Carbon-free mining company Sphere 3D‘s July 2022 report showed that it managed to keep up with its usual performance in July even though the 4,000 new mining rigs were held back in the U.S. customs during the winter market, where mining companies have been taking significant hits. The company has been expecting 4,000 S19J Pro […]

New York-based mining firm Bit Digital grew its Ethereum (ETH) holdings by around 594% in July 2022, compared to June, according to its unaudited production update published on August 8. The firm increased its holdings from 313.6 ETH in June to 2,176.9 ETH in July. Consequently, the value of its Ethereum holdings surged from just […]

Catching the coveted Bitcoin bottom requires analyzing more than just its price. One of the most reliable indicators of market bottoms has historically been miner data. Often considered to be one of the most resilient players in the crypto ecosystem, miners capitulate only when Bitcoin becomes too expensive to mine. Hash ribbons are a unique […]

A research paper published by The Hebrew University in Israel reports having discovered the “first evidence of a consensus-level attack on a major cryptocurrency.” The paper is currently awaiting peer review but utilizes publicly available on-chain data and Ethereum’s open source codebase to affirm its conclusions. At its core, the paper highlights an issue where […]

Speaking in a closed press conference during South Korea Blockchain Week, Ethereum founder, Vitalik Buterin, called people pushing for a hard fork of Ethereum to retain proof-of-stake “simply trying to make a quick buck.” Justin Sun recently announced support for a hard fork of Ethereum post-merge by listing two new tokens on his Poloniex exchange. […]

Riot Blockchain, one of the world’s largest Bitcoin mining companies, said Aug. 3 that it mined 318 Bitcoin (BTC) in July, a decrease of around 28.21% compared to the same month in 2021 when it mined 443 BTC. The mining firm attributed the decrease in mining to the curtailment of some operations due to the increasing […]

The European Central Bank (ECB) published a report on July 14 that covered many points related to Bitcoin and Ethereum mining, including energy consumption and Proof-of-Stake (PoS) as an alternative mechanism. The report, titled “Mining the environment – is climate risk priced into crypto-assets?,” determined that Proof-of-Work (PoW) mining cannot co-exist with “the green transition” […]

Rio de Janeiro’s secretary of finance and planning, Andrea Senko, recently revealed in an interview that her team is looking to spur the adoption of Bitcoin (BTC) by adding the digital asset to the city’s treasury portfolio. What do officials have in mind exactly? Senko believes that by integrating Bitcoin into Rio de Janeiro’s financial, […]