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Mining
Bitcoin Miners Brace for 4th Consecutive Difficulty Rise Amidst Hashrate Surge
Despite facing a formidable difficulty level of 61.03 trillion, bitcoin miners are gearing up for their fourth consecutive difficulty rise set to unfold on October 30, 2023. Surprisingly, the previous three surges in difficulty failed to…
Crypto Miners Lobby U.S. Lawmakers to Counter Environmental ‘Misunderstanding’
When crypto mining is discussed in the U.S. Congress, it's often tied to claims that mining operations are environmental parasites, sapping finite energy resources. But representatives of that sector flooded offices on Capitol Hill this…
An In-Depth Analysis of 7 Advanced Bitcoin Miners From Bitmain, Canaan, and Microbt
Recently, the top three bitcoin mining rig manufacturers unveiled a group of next-generation products with efficiency ratings of less than 20 joules per terahash (J/T) and powerful hashrates. In total, Bitmain, Canaan, and Microbt released…
Bitmain Unveils New T21 Bitcoin Miner; Offers BTC Fluctuation Protection Plan
On Wednesday, the bitcoin mining rig manufacturer Bitmain announced the introduction of a new air-cooled BTC miner, the T21 Antminer. The new device boasts a production capacity of up to 190 terahash per second (TH/s) and maintains an…
Bitcoin Mining Stocks Rally as BTC Holds Above $30K Despite Looming Halving Concerns
Bit Digital (BTBT), Hut 8 (HUT) and Marathon (MARA) are among mining stocks that are outperforming on Monday as bitcoin's price continue to hold above $30,000.
Bitmain to Support Aleo’s PoW Blockchain With Latest Antminer Release
Crypto mining rig manufacturer Bitmain plans to release a new Antminer supporting the proof-of-work (PoW) blockchain network Aleo. The announcement comes after Bitmain’s recent launches of filecoin and kaspa machines and the…
Bitcoin Miners Sail Through Over 400 Difficulty Changes With 13 More Anticipated Before the Halving
In 189 days or 27,000 blocks, Bitcoin’s block reward is anticipated to halve. Within this period, around 13 adjustments in Bitcoin’s difficulty are expected. The network’s difficulty indicates the complexity of finding a hash…
Bitcoin Hits Historic 61 Trillion Difficulty, Hashrate Defies Odds Amidst 2023’s Steepest Climbs
On October 16, 2023, Bitcoin’s difficulty impressively crossed the 61 trillion mark at block height 812,448, setting a fresh benchmark for the network. This ascent marked the fourth-largest rise in difficulty for the year. Yet, in the…
Bitcoin’s Hashrate Skyrockets: On Track to Hit Half a Zettahash Milestone by Year’s End
Bitcoin’s hashrate, a key indicator of its computational power, shattered previous records on October 12, 2023. As measured by a seven-day simple moving average (SMA), it has surged to an impressive 455 exahash per second (EH/s). To…
Bitcoin’s Hashrate Hits Record High Amid Upcoming Reward Halving and Market Challenges
A week ago, at block height 810,432, Bitcoin miners dealt with a 0.35% rise in difficulty. Yet, on October 8, the Bitcoin hashrate soared to a new record. According to the seven-day simple moving average (SMA), it touched an impressive 440…