Exploring the world of Bitcoin, Ethereum and cryptocurrency mining.
Samsung’s new mining chips will be 45% more efficient
Samsung announced it will begin the production of 3-nanometer chips that will be 45% more power efficient.
Sweden averse to Bitcoin mining amid rapid rise in energy demand
Sweden is looking to redirect the energy being used by crypto miners to operations that would create more jobs in the country.
Paraguay’s new bill may turn the country into mining heaven
The Senate of Paraguay sent a new bill for the approval of the President. If the bill passes, crypto miners could use affordable excess energy and be exempt from VAT.
Bitcoin miners still under pressure to sell but declining production costs provide relief
Recent events have led to an uptrend in miners liquidating BTC holdings. However, falling hash rate and difficulty are working to alleviate pressures.
Bitcoin production cost decline could be a negative for price, JPMorgan says
The bank strategists wrote that the decline in production cost is due to a reduction in electricity use
Bitcoin hashrate plummets as Texas-based miners suspend operations
Bitcoin mining hashrate has dropped to a five-months low after miners in Texas temporarily suspended their operations.
Kazakhstan imposes new tax rules on crypto miners
Kazakhstan takes another step in its combat with crypto miners by imposing differentiated tax rates on crypto mining, including miners using renewable energy sources.
Texas cryptocurrency miner to use power from batteries to support grid stability
As miners are under scrutiny for adding strain to the Texas power grid, Lancium has struck a deal to use power stored in batteries during peak demand
Mining giant is forced to sell-out 79% of BTC to pay debt
One of the largest mining companies, Core Scientific is selling mined tokens in June to buy new machines and repay its debt amid the coldest crypto winter ever.
Crypto mining profitability varies wildly based on location
A recent report from 911 Metalurgist explored the cost and profitability of crypto mining, finding that mining 1 BTC will set you back anywhere between $1,400 and $246,500 — depending on where you are.
SBF says FTX could acquire distressed BTC mining companies to prevent contagion fears
The CEO fears a contagion could spread from crypto mining companies with loans collateralized with their mining rigs that have since dropped in value.
Bitcoin miners are facing harsher conditions despite easier mining difficulty
JP Morgan strategists say Bitcoin miners current sell-off is placing pressure on the price of the flagship digital asset.
Compass Mining denies allegations of $1.2M unpaid electricity bill, CEO, CFO resign
Following accusations of losing a mining facility for failing to pay a $1.2 million electricity bill, Compass announced that both its CEO and CFO resigned.
What does the Gray Glacier upgrade mean for the Ethereum Merge?
The Gray Glacier upgrade will delay the Difficulty Bomb, meaning devs expect the Merge to take place later than planned.
Bitcoin mining company Compass Mining loses facility for not paying electricity bill
Bitcoin mining company Compass Mining loses Maine facility for not paying electricity bill to building owner
Crypto downturn sees electricity consumption on Ethereum plunge by 50%
Miners on the Bitcoin and Ethereum networks are feeling the pinch as falling token prices put pressure on the least efficient miners.
Crypto miners dump GPUs as token prices fall
The downturn in token price has triggered an exodus of GPU miners, resulting in a flood of availability in graphics cards.