Mining

One transaction = a day and a half of your household running By Maggie Q. Thompson, 1:29PM, Tue. Jul. 9, 2024 Bitcoin consumes a lot of energy (Photo by Getty Images / Maggie Q. Thompson) Last month, the Electric Reliability…

Marks first transaction to convert from Hut 8’s previously announced development pipeline of 1,100 megawatts of energy capacity under exclusivityExpands Hut 8’s energy infrastructure platform to approximately 1.3 gigawatts across…

Recent data shows that the Bitcoin mining difficulty is on the decline and has hit its lowest since May. This is significant considering what this could mean for the Bitcoin ecosystem, specifically Bitcoin’s price. Bitcoin Mining…

After a difficult May that saw profitability plummet in the wake of the Bitcoin halving, June offered a sigh of relief for Bitcoin miners. A confluence of factors — now perceivably temporary — including a rising Bitcoin price and…

HIVE Digital Technologies announced its unaudited production figures for June 2024. The company mined 119 Bitcoin, boosting its total holdings by 2% to 2,496 Bitcoin. HIVE maintained…

Bitcoin (BTC) mining firm TeraWulf says it would consider a merger if there’s an opportunity to widen profit margins—but not if it’s merely for “empire building,” according to its chief strategist. It comes amid expectations of more …

Bitcoin is the flagship cryptocurrency, and it has become very popular due to its surge in value and huge price swings since its creation in 2009. As Bitcoin and cryptocurrency prices have surged in recent years, it is understandable…

Article contentCanadians have used an enormous amount of electricity for Bitcoin mining this year, placing additional strain on the country’s power grid.A recent study on the cryptocurrency’s global energy consumption found that the…

On July 5, Bitcoin’s mining difficulty experienced a decline, dropping by over 5% to 79.50 terahashes (79.5T), the lowest in this quarter of the year and the largest since March when the difficulty briefly fell below 80 terahashes…

The cost of producing a Bitcoin is taking a toll on Bitcoin miners whose machines are struggling to yield profits due to the flagship digital asset’s price difficulties. According to data platform MacroMicro, the average cost of mining…