mining

  • Rumor has it that Dogecoin could shift to proof-of-stake — What does that mean for miners?

    • January 31, 2023
    • Posted by: Bogdan
    • Category: Antminer, ASIC, Bitmain, Cryptocurrencies, Decentralization, Dogecoin, ESG, Litecoin, Markets, mining, Mining Pools, PoW, Proof-of-Stake, Proof-of-Work, Scrypt Miner
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    There are rumors that Dogecoin could switch from proof-of-work to proof-of-stake (PoS).  Do I know if Dogecoin is switching to PoS? No. Do I think it’s going to PoS? Probably not. But I love the “what if” game. As a person who works in the crypto mining industry, I do my best to gauge where

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  • Bitcoin miner Greenidge cuts NYDIG debt from $72M to $17M

    • January 31, 2023
    • Posted by: Bogdan
    • Category: Bitcoin Mining, Cryptocurrencies, mining
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    Bitcoin (BTC) mining company Greenidge Generation has significantly reduced its debt with the investment management firm, New York Digital Investment Group (NYDIG). On Jan. 30, Greenidge entered into several agreements associated with its secured debt with NYDIG, transferring ownership of Bitcoin mining hardware and certain credits to NYDIG. The transaction reduced the principal and accrued

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  • How Bitcoin mining saved Africa’s oldest national park from bankruptcy

    • January 30, 2023
    • Posted by: Bogdan
    • Category: Africa, Bitcoin Mining, Environment, Funding, mining
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    Virunga National Park in the Democratic Republic of the Congo has become the first national park in the world to run a Bitcoin (BTC) mine in an effort to protect its forests and wildlife. Cointelegraph spoke with Sébastien Gouspillou, CEO of Big Block Green Services, and the man who introduced Bitcoin mining to the park. 

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  • Bitcoin mining revenue jumps up 50% to $23M in one month

    • January 30, 2023
    • Posted by: Bogdan
    • Category: Bitcoin Mining, Dollar, Hash Rate, income, mining
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    As Bitcoin (BTC) shows a minor bull run, the connected sub-ecosystems’ year-long struggle for survival has started to pay off. For starters, the Bitcoin mining community experienced a 50% increase in revenue — through mining rewards and transaction fees — in the first month of 2023. On Dec. 28, 2022, Bitcoin mining revenue dipped to

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  • Core Scientific files motion to sell over $6M in Bitmain coupons

    • January 28, 2023
    • Posted by: Bogdan
    • Category: Bitcoin Mining, Bitmain, mining
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    Bankrupt Bitcoin (BTC) mining firm Core Scientific filed on Jan. 25 an emergency motion seeking to sell Bitmain coupons worth $6.6 million, according to court records. As per the filing, some conditions applied to the coupons make them useless for Core Scientific’s business. Specifically, the coupons can “only be used to pay 30% of any

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  • Bitcoin hash rate taps new milestone with miner hodling at 1-year low

    • January 26, 2023
    • Posted by: Bogdan
    • Category: bitcoin, btc price, Hash Rate, mining
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    Bitcoin (BTC) is seeing new records in network activity as volatility sends BTC price action to fresh five-month highs. Data from resources including MiningPoolStats confirms that Bitcoin’s hash rate hit new all-time highs on Jan. 26. Hash rate passes 300 EH/s threshold In another example of Bitcoin’s blitz recovery from the pits of post-FTX woes,

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  • Blockstream raises $125M to finance expanded Bitcoin mining operations

    • January 24, 2023
    • Posted by: Bogdan
    • Category: Bitcoin Mining, bitcoin price, Funding, mining
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    Digital asset infrastructure company Blockstream has raised $125 million to finance its Bitcoin (BTC) mining colocation services, underscoring heightened demand for its institutional hosting services amid the bear market.  The $125 million raise was financed by convertible note and a secured loan, Blockstream announced on Jan. 24. Venture capital firm Kingsway Capital led the convertible

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  • Bitcoin miner Argo regains compliance with Nasdaq minimum bid price rule

    • January 23, 2023
    • Posted by: Bogdan
    • Category: mining, NASDAQ, stocks
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    Amid bullish action on cryptocurrency markets, Bitcoin (BTC) mining firm Argo Blockchain has regained stock listing compliance with Nasdaq. Argo officially announced on Jan. 23 that the company regained compliance with Nasdaq’s minimum bid price rule amid the share price recovery.  The Nasdaq stock market listing qualifications department has informed Argo that it successfully met

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  • BTC metrics exit capitulation — 5 things to know in Bitcoin this week

    • January 23, 2023
    • Posted by: Bogdan
    • Category: bitcoin, BTC price today, Difficulty, Hash Rate, inflation, Interest Rates, mining, World Economic Forum
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    Bitcoin (BTC) starts the last week of January in fine form after sealing its highest weekly close in five months.  Despite opposition, the largest cryptocurrency is holding on to its newfound strength and continues to surprise market participants. This is no mean feat — market sentiment has plenty to spook it and initiate a rethink

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  • Bitcoin mining in a university dorm: A cooler BTC story

    • January 20, 2023
    • Posted by: Bogdan
    • Category: ASIC ANTMINER S9, Bitcoin Mining, Home Mining, mining, Universities
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    The humble university dorm is a place for students taking their undergraduate degrees to study, rest, make new friends, host wild dorm parties and, of course, mine Bitcoin (BTC).  A master’s student in market research and self-described “data guy,” Blake Kaufman, has hooked up an S9 Bitcoin miner to the Bitcoin network. He won the

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