crypto mining
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Bitcoin miner Hut 8 takes stoush with Ontario power supplier to court
- January 27, 2023
- Posted by: Bogdan
- Category: bitcoin, BTC mining, Canada, Court, crypto miner, crypto mining, Hut 8, Lawsuit, legal action, north bay, ontario, power supply, Validus power
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Canada-based Bitcoin (BTC) miner Hut 8 Mining Corporation has ramped up its ongoing fight with its power supplier for one of its mining sites, filing a lawsuit in a Canadian court. Hut 8 said on Jan. 26 it filed a Statement of Claim in the Superior Court of Justice of Ontario against Validus Power, an
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Bitcoin Mining Stocks In Solid Gains As Crypto Market Rallies
- January 13, 2023
- Posted by: Bogdan
- Category: bitcoin, Bitcoin Mining, crypto market, crypto mining, Cryptocurrency news, mining
Following the ongoing rally in the crypto market, the stocks of the top five leading Bitcoin mining companies have surged in value, amassing solid gains. Major crypto stocks are also rising and have recorded massive gains in recent weeks. Though investors are still skeptical if this is genuinely the real bull run they have been
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Further BTC mining consolidation as Crusoe acquires peer mining firm
- October 13, 2022
- Posted by: Bogdan
- Category: acquisition, bitcoin, Bitcoin Industry, Bitcoin Mining, BTC, btc miner, cleanspark, consolidation, crusoe, crypto industry, crypto mining, great american mining, hashrate, Merger, mining, US miners
Crusoe Energy Systems has just acquired the operating assets of Great American Mining, a sign that further consolidation could be ahead. Amid soaring Bitcoin (BTC) mining difficulty and sinking mining profitability, Colorado-based Bitcoin miner Crusoe Energy Systems has announced the acquisition of the operating assets of portable BTC mining operator Great American Mining (GAM). The
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Marathon reports $80M exposure to bankrupt mining firm
- October 7, 2022
- Posted by: Bogdan
- Category: Bankruptcy, Bitcoin Mining, Chapter 11, Compute North, crypto mining, Marthon Digital Holdings
Marathon has outlined that at this stage its operations hosted by Compute North will continue to operate as usual, and highlighted an improved BTC mining production in Q3. Bitcoin (BTC) miner Marathon Digital Holdings has revealed $81.3 million worth of exposure to recently bankrupted mining hosting provider Compute North. Marathon provided a breakdown of its
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Ethereum miners dump 30K ETH, stonewalling ‘ultra sound money’ deflation narrative
- September 20, 2022
- Posted by: Bogdan
- Category: Analysis, crypto mining, ETH USD, Ether Price, ethereum, Proof-of-Stake, The Merge
Ethereum’s switch to proof-of-stake (PoS) on Sep. 15 failed to extend Ether’s (ETH) upside momentum as ETH miners added sell-pressure to the market. On the daily chart, ETH price declined from around $1,650 on Sep. 15 to around $1,350 on Sep. 20, an almost 16% drop. The ETH/USD pair dropped in sync with other top
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Sneaky fake Google Translate app installs crypto miner on 112,000 PCs
- September 1, 2022
- Posted by: Bogdan
- Category: crypto mining, Malware, Scam
Crypto mining malware has been sneakily invading hundreds of thousands of computers around the world since 2019, often masquerading as legitimate programs, such as Google Translate, new research has found. In an Aug. 29 report by Check Point Research (CPR), a research team for American-Israeli cybersecurity provider, Check Point Software Technologies, the malware has been
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What Would Be The Ethereum Merge Impact On Cryptocurrency Miners
- August 7, 2022
- Posted by: Bogdan
- Category: BTC, Chandler Guo, crypto mining, ethereum, ETHUSDT
Miners of both Bitcoin and Ethereum are still thriving regardless of the crypto winter. The revenue generated by Ethereum miners surpasses that of Bitcoin miners, according to the 2022 record. The growth of the miners is quite surprising given the increase in the cost of electricity. But all that might come crashing down very soon.
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Compass Mining loses facility after allegedly failing to pay power bill
- June 28, 2022
- Posted by: Bogdan
- Category: ASIC miner, bitcoin, Bitcoin Mining, BTC, Compass Mining, crypto mining, crypto mining hosting, Dynamics Mining, energy bill, Maine, mining facility, mining profitability, power bill, twitter
Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, claiming Compass failed to pay the required bills. Dynamics posted on Twitter late on June 26 a letter it sent to Compass Mining which stated as
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Bitcoin Miners Have Begun Dumping Their Holdings
- June 2, 2022
- Posted by: Bogdan
- Category: bitcoin, Bitcoin Mining, bitcoin mining companies, bitcoin mining profitability, BTC, BTC mining, btcusd, crypto mining, Mining companies, mining profitability
For the longest time, bitcoin miners have held on to the spoils of their activities. That is when the profitability of mining the cryptocurrency was still high. Due to a high cash flow, these miners could afford to hold on to a good portion of their rewards while being able to still carry out their
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OpenEthereum support ends with the Merge fast approaching
- May 25, 2022
- Posted by: Bogdan
- Category: blockchain infastructure, blockchain upgrade, crypto mining, ETH, ethereum client, Ethereum Merge, ethereum node, Ethereum upgrade, openethereum, Proof of Stake, proof of work, The Merge
One of the most popular Ethereum (ETH) clients, OpenEthereum has ended support for its software in preparation for the upcoming Ethereum Merge. OpenEthereum creates “clients” or software used to interact with the Ethereum network allowing anyone to create an Ethereum node to mine the cryptocurrency which is currently using a proof-of-work (PoW) consensus mechanism. In
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