Mining

Ad As of the end of the first quarter of 2023, Russia ranked as the world’s second most powerful Bitcoin (BTC) mining provider, according to the Moscow Times, citing data from Bitriver. During the first three months of the year, Russia generated one gigawatt (GW) of mining power, according to the Moscow Times report. Country […]

North Carolina’s Buncombe County is considering a temporary one-year crypto mining ban, according to a report from Citizen Times on April 5. Buncombe County proposes moratorium That report indicates that the Buncombe County Board of Commissioners advanced a one-year moratorium on crypto mining during a meeting on April 4. A public hearing will be held […]

Bitcoin miner Hut 8’s mined BTC declined 30% during the first quarter as its production fell to 131 BTC in March from 188 BTC recorded in January. According to theminermag data, the BTC miner produced 475 BTC during the quarter. Its realized hashrate also fell from 1.72 to 1.44. Source: The Miner Mag Hut8 sold […]

The Texas Senate Committee passed the anti-Bitcoin (BTC) mining bill on April 4, according to Satoshi Act Fund’s founder Dennis Porter. The bill, sponsored by Texas State Senator Lois Kolkhorst, passed without a single vote in opposition, Porter stated. The fact that it got the unanimous support of the committee sparked rumors that it might […]

Ad Bitcoin (BTC) mining company Marathon Digital mined 825 BTC in March — marking the firm’s all-time high, according to the monthly operations report. The 825 BTC produced in March marks a 21% increase from the prior month. As of the end of March, Marathon Digital holds a total of 11,466 BTC in Unrestricted BTC […]

Ad Bitcoin (BTC) mining firm Bitfarms said its BTC production increased 35% to 1,297 BTC in the first quarter of the year compared to what it produced during the same period last year. In an April 3 statement, Bitfarms detailed how Bitcoin’s improved price performance helped it strengthen its balance sheet and reduce its debt […]

Ad Bitcoin (BTC) mining company TeraWulf’s annual report revealed that the company recorded 146% revenue growth during the fourth-quarter of 2022 compared to the third. TeraWulf grew its $3.9 million revenue recorded in the third quarter of 2022 to $9.6 million in the fourth-quarter of the year, according to the report. The firm said it […]

Ad Nvidia’s Chief Technology Officer, Michael Kagan, has expressed a negative view on cryptocurrencies, stating that they do not “bring anything useful for society,” whereas “AI does.” Crypto isn’t ‘useful for society’ According to Kagan, AI applications such as the chatbot ChatGPT have more value than mining crypto. Kagan’s comments are not too surprising given […]

Ad Hodlonaut — aka Magnus Granath — asked the Bitcoin community where the flood of additional hash rate was coming from expressing concern at the recent spike. Granath said he found the pace at which the hash rate is climbing “A little frightening.” Bitcoin hash rate records a new all-time high The hash rate refers […]

Ad Greenpeace USA published an art piece called the “Skull of Satoshi” to depict the “ravenous consumption of fossil fuels” by the flagship cryptocurrency Bitcoin (BTC). The piece involves shadowy coders under a skull made of computer hardware with a backdrop of various industrial structures related to energy production. The Skull of Satoshi is the […]