Crypto-friendly bank ends loans backed by crypto mining rigs

After a bullish 2021 crypto miners sought out loans to allow them to expand, a move which has since backfired following difficult market conditions in 2022.

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Bitcoin Miner CleanSpark Acquires Mawson’s Georgia Mining Facility, Rigs for Up to $42.5M

CleanSpark continues to pursue growth in a sector ripe for mergers and acquisitions amid a bear market. (Read More)

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Largest Ether mining pool Ethermine opens new ETH staking service

The new service offers Ethermine members a chance to collectively stake their ETH and earn 4.43% interest annually on top of their ETH deposits. As little as 0.1 ETH ($159) required to enter.

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As Bitcoin Price Falls, Is Now The Time To Buy Mining Rigs?

The drop in bitcoin price means mining rigs are on sale and prospective buyers may see big discounts before the summer ends.

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Inside Immersion Cooling: The Pros And Cons Of Bitcoin Mining’s Rapidly-Growing Practice

Immersion cooling has emerged as a rapidly-evolving technique for increasing bitcoin mining rig efficiency, with many pros, cons and details to consider.

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Bitcoin Miner TeraWulf Buys 15,000 Rigs From Bitmain

The company was recently listed on the Nasdaq in a reverse merge with IKONICS.

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Bitcoin Miner Stronghold To Acquire 9,080 Rigs

The mining company has also signed a separate $54 million financing agreement with NYDIG.

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Bitcoin Miner Marathon Expands Compute North Hosting Deal To Over 100,000 Rigs

Under the new terms, Compute North will host over 100,000 of Marathon’s miners across the U.S., helping the firm’s operations become 77% carbon neutral.

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How Bitcoin Mining Is Solving Our E-Waste Crisis

With 40 million tons of e-waste generated each year, the unique incentives created by bitcoin miners offer a solution to a growing problem.

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Microbt Unveils New Whatsminer Bitcoin Mining Rig With 320 TH/s, Setting New Standard for Hashpower

During the Bitcoin 2023 conference in Miami, bitcoin mining rig producer Microbt unveiled three new additions to their Whatsminer series. The latest Whatsminer models, namely the M50S++, M53S++, and M56S++, boast hashpower ranging from 150 terahash per second (TH/s) to an impressive 320 TH/s. Microbt Introduces Cutting-Edge Whatsminer Models at Bitcoin 2023 This week at [...]

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New Study Highlights Bitmain’s S19 Mining Rigs Dominate Bitcoin Network’s Hashrate 

Coin Metrics researchers published a groundbreaking study on June 13, unveiling an innovative nonce analysis methodology for bitcoin mining. This research enables experts to dissect and identify the specific mining rigs responsible for contributing hashrate to the network, while also evaluating the energy consumption and effectiveness of these machines. Intriguingly, the data reveals that Bitmain [...]

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China Fines Bitmain $3.6 Million for Tax Violations, Report

Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income Tax on Behalf of Employees One of the world’s largest producers of devices

The post China Fines Bitmain $3.6 Million for Tax Violations, Report appeared first on BTC Ethereum Crypto Currency Blog.

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Deutsche Telekom ventures into Bitcoin mining with renewable energy

Europes biggest telecommunications provider plans to mine Bitcoin using surplus energy from renewable sources that would otherwise go unused.

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Bitcoin Mining Difficulty Set to Surge: Record-Breaking Increase Looms, Erasing Recent Reduction

According to data recorded on July 9, 2023, Bitcoin’s next difficulty adjustment is estimated to rise between 4.74% and 7.7%, erasing the 3.26% reduction that occurred on June 28. Moreover, the total network hashrate achieved a 24-hour all-time high on July 8, reaching 538 exahash per second (EH/s) at block height 797,733. Record-Breaking Bitcoin Difficulty [...]

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