April 11, 2024

Bitcoin Mining Difficulty Hits Record High as Halving Nears

The Bitcoin mining difficulty has surged by 3.9%, reaching an all-time high just before the highly anticipated halving event, expected to occur on April 20. The latest adjustment, recorded at block height 838,656, saw the difficulty level reach an unprecedented 86.39 trillion. As reported by The Bl...

#Bitcoin Mining #CRYPTOCURRENCY #Halving #NEWS

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February 11, 2024

Chinese Bitcoin Miners Favor Ethiopia’s Low-Cost Energy and Optimal Climate

Chinese Bitcoin miners are strategically focusing on Ethiopia, attracted by the promise of affordable energy and favorable climates. In recent months, the arrival of Chinese miners was evident as cargo containers appeared near electricity substations connected to Africa’s largest hydroelectri...

#Bitcoin Mining #China #Ethiopia

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February 08, 2024

Bitcoin Miners HODL as Price Surges Above $45,000

Bitcoin surged past the $45,000 milestone on Thursday, marking its highest point in a month. This upswing coincides with recent data indicating that Bitcoin miners are holding onto their coins, alleviating some of the selling pressure on the market. According to insights from CryptoQuant, a platfor...

#BITCOIN #Bitcoin Mining #CRYPTOCURRENCY #CryptoQuant #NEWS

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November 24, 2023

Bitcoin Mining Giants Battle for Dominance Ahead of Halving

In the high-stakes arena of Bitcoin mining, Antpool and Foundry are locked in a heated battle for dominance, controlling over 50% of the global hashing power. As the eagerly anticipated Bitcoin halving event looms in May 2023, the competition intensifies, with implications for the entire cryptocurr...

#BITCOIN #Bitcoin Mining #CRYPTOCURRENCY #Halving #NEWS

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September 28, 2023

Bitcoin Miners Face Challenges as Hash Rate and Difficulty Soar

Bitcoin miners are grappling with mounting challenges as the network’s hash rate and difficulty levels reach unprecedented heights, resulting in intensified competition and increased operational costs. The looming halving event, set to cut block rewards in half, adds further pressure, prompti...

#Bitcoin Mining #CRYPTOCURRENCY #Halving #NEWS

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January 29, 2023

Mempool Claims That Bitcoin’s Hashrate Is Centralized

In a new development in the world of cryptocurrency, a report from Mempool has revealed that Bitcoin’s hashrate has become highly centralized. Two mining pools, Foundry USA and Antpool, have emerged as the major players in the market, collectively holding 50% of the total blockchain mining power. F...

#BITCOIN #Bitcoin Mining #BTC #CRYPTOCURRENCY #NEWS

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January 01, 2023

Core Scientific Gets Much-Needed Line of Credit to Cushion Bankruptcy

BlackRock Inc., the biggest asset manager in the world, has given the bankrupt Bitcoin miner Core Scientific a $17 million loan to keep it afloat while it files for bankruptcy. The loan represents a portion of the $37.5 million court-approved loan for the insolvent miner. According to a December 22...

#Bitcoin Mining #BTC #Core Scientific #CRYPTOCURRENCY #NEWS

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December 27, 2022

Bitcoin Mining Giant Suffers $3 Million Exploit

BTC.com, a blockchain browser and bitcoin mining pool disclosed a cyberattack earlier this month in which the perpetrators stole $3 million in client and business assets. BTC.com, the seventh-largest BTC mining pool, disclosed that it had been exploited on December 3 and that thieves had stolen alm...

#Bitcoin Mining #CRYPTOCURRENCY #hack #NEWS

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December 01, 2022

Bitcoin Miners in Tough Operational Predicament Amid Soaring Energy Prices

Bitcoin miners are suffering as a result of the current exceptionally high difficulty rating and far lower bitcoin pricing than they were one year ago. According to data from macromicro.me, the cost of producing one bitcoin is $19,356, while the spot market price is $16,930 (at the time of writing)...

#BITCOIN #Bitcoin Mining #CRYPTOCURRENCY #NEWS

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