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Mining
Bitcoin’s Hashrate Holds Steady Above 400 EH/s Amid Sky-High Network Difficulty
Amid the soaring network difficulty, Bitcoin’s hashrate remains resilient, firmly holding above the 400 exahash per second (EH/s) frontier. A total of 43 mining pools channel their hashpower at the Bitcoin blockchain, yet,…
Peak Mining Signs $150M Deal for Microbt Bitcoin Miners, Eyes Large-Scale Liquid-Cooling Tech
According to Peak Mining, a subsidiary of Northern Data Group, the company has signed a contract with bitcoin mining rig manufacturer Microbt worth $150 million. This agreement will equip Peak Mining with 7 exahash per second (EH/s) of the…
16 Joules per Terahash: Bitmain Unveils High-Efficiency S21 Bitcoin Miners at Hong Kong Summit
Bitmain, a leading bitcoin mining rig manufacturer, has introduced the newest addition to its Antminer products: the S21 series. The newest models have an efficiency rating under 20 joules per terahash (J/T) and produce between 200 terahash…
Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for $77M
Bitcoin miner Core Scientific (CORZQ) has agreed to exchange $23.1 million in cash and $53.9 million in common stock for 27,000 Bitmain S19J XP 151 TH bitcoin mining servers, according to a press release.
Microbt Plans to Launch Next-Gen Bitcoin Mining Machine With 1X Efficiency Rating
On September 19, 2023, Microbt, the manufacturer of bitcoin (BTC) application-specific integrated circuit (ASIC) mining rigs, revealed its intentions to introduce an innovative mining machine with an efficiency rating of 1X joules per…
Bitcoin Mining Hits Toughest Era: Record Difficulty and Hashrate Peaks Define September 2023
Bitcoin’s mining difficulty hit a record high after increasing 5.48% to 57.12 trillion. This rise signifies the need for a significant amount of computational power to discover blocks. Meanwhile, the network’s hashrate also…
Bitcoin Miner F2Pool Returns 19.8 BTC to Paxos After Overpaid Fee
Paxos paid $520,000 for a $2,000 bitcoin transaction earlier this week.
Celsius, Core Scientific Resolve Acrimonious Mining Dispute With $45M Deal
Celsius had previously claimed hundreds of millions in damages in a squabble over unpaid dues that led to its mining rigs being powered down.
SMI Vantage Expands Crypto Reach With New Bitcoin Mining Facility in Sarawak
The Singapore-based investment management and software-as-a-service (SaaS) provider, SMI Vantage, plans to launch a bitcoin mining facility in the state of Sarawak in Borneo, Malaysia. The company has signed a rental agreement and…
Canaan Unveils Cutting-Edge Avalon 14 Series Bitcoin Miners
At the “Avalon Bitcoin & Crypto Day” conference in Singapore, the bitcoin mining application-specific integrated circuit (ASIC) manufacturer Canaan showcased its new Avalon-made 14 series mining rigs. One of the mining…