bitcoin mining

Protecting Bitcoin Mining, Self Custody is Paramount – Messari CEO | Coingape

Ryan Selkis, the Chief Executive Officer (CEO) of blockchain market intelligence provider Messari declared in his 11-thread tweet that self custody amongst other factors, is crucial to protecting Bitcoin (BTC) mining. To put it in perspective, Selkis stated that,  “Bitcoin is 50% of the non-stablecoin market. Protecting bitcoin mining, self-custody, development, and surrounding infrastructure is The post Protecting Bitcoin Mining, Self Custody is Paramount – Messari CEO appeared first on CoinGa

Ordinals and BRC-20 will disappear in a matter of months, JAN3 CEO says

The hype around Bitcoin Ordinals and BRC-20 tokens is unsustainable and will fade away in a matter of months, according to JAN3 CEO Samson Mow. The latest hype around Bitcoin (BTC) Ordinals and BRC-20 tokens is unsustainable and will fade away in a matter of months, according to JAN3 CEO Samson Mow. “These guys are basically paying massive amounts of fees that go directly to Bitcoin miners, and there is no way this can be sustained," Mow said in an exclusive interview with C

Bitcoin miner Riot sues Rhodium Enterprises for unpaid fees worth $26 million

Bitcoin miner Riot Platforms is suing another miner, Rhodium Enterprises for alleged unpaid feed in $26 million.

Large Immersion Cooled Crypto Mining Farms to Extract Bitcoin in Middle East Desert

A project to build two large-scale facilities for cryptocurrency mining is underway in the United Arab Emirates (UAE). The high-tech data centers will rely on a full immersion solution to cool the power-hungry miners as the desert climate renders air-cooled mining infeasible, participants said. Advanced Crypto Mining Facilities in Abu Dhabi to Defy Cooling Challenges […]

Bitcoin Miner Marathon Receives Second SEC Subpoena in Connection to Montana Mining Facility Investigation

Marathon Digital Holdings, a publicly-listed bitcoin mining company, has recently revealed that it was served with a subpoena by the U.S. Securities and Exchange Commission (SEC) in relation to an investigation concerning the firm’s Montana mining facility. The SEC is reportedly looking into potential violations of federal securities law. Marathon’s Montana Mining Facility Under SEC […]

Marathon Digital announces immersion crypto mining operations in Abu Dhabi

The mining firm expects the two facilities to be online by 2024 and produce a combined hash rate of roughly 7 EH/s. Crypto mining firm Marathon Digital Holdings has announced it partnered with digital assets infrastructure company Zero Two to create a large-scale immersion Bitcoin mining facility in Abu Dhabi.In a May 9 notice, Marathon Digital said the joint venture will be based in Mina Zayed and Masdar City in the United Arab Emirates, comprising two mining sites with a co

Core Scientific objects to $4.7 million claim from Celsius Network

Core has claimed that the outstanding dues exceed the alleged administrative claim put forward by Celsius.

Is Bitcoin Undervalued?

It’s become a tradition throughout the cyclical Bitcoin boom and bust market cycle, that while Bitcoin is bearish, the builders will simply continue to build. It’s this ethos which has sustained Bitcoin’s first mover advantage, throughout the first 3 Bitcoin halvings, seeing it emerge as... The post Is Bitcoin Undervalued? appeared first on Bitfinex blog.

Montana ‘right to mine’ crypto bill passes the House

The legislation has already passed through Senate voting in February and will now make it to the table of Governor Greg Gianforte. The bill, seeking to enshrine crypto miners’ rights in Montana, United States, successfully passed the third reading in the state’s House of Representatives. Now, the only thing that is required for it to become law is the Governor’s signature. Bill number 178, prohibiting local authorities from obstructing the crypto mining operations, was voted

Cleanspark Purchases 45,000 Bitcoin Mining Devices, Adding 6.3 EH/s to Current Fleet

On Tuesday, the bitcoin mining company Cleanspark announced that it had purchased 45,000 Antminer S19 XP bitcoin mining devices for a total price of $144.9 million. Cleanspark stated that the new fleet would add 6.3 exahash per second (EH/s) of computational power to the company’s current 6.7 EH/s. Cleanspark Acquires 45,000 Bitmain Antminers for $144.9 […]

The Cosmic Consequences of Bitcoin Mining: Tensions With the Quest for Alien Life

Explore the unforeseen consequences of Bitcoin mining on SETI research and the pursuit of extraterrestrial life, as GPU shortages create challenges for scientists and other industries. The post The Cosmic Consequences of Bitcoin Mining: Tensions With the Quest for Alien Life appeared first on BeInCrypto.

China fines Bitcoin mining firm Bitmain over tax violations

According to a recent report from a local news agency Sina Finance, China has sanctioned the Bitcoin mining company Bitmain Technologies for alleged tax violations. Bitmain has been fined by the Beijing Municipal Office of the State Administration of Taxation, as per the aforementioned news report. The Beijing regulator has fined Bitmain approximately 25 million […]

Bitcoin: Here’s why this update could make a difference in the current state of BTC

New Arkansas bill seeks to protect miner interests especially from government overreach. BTC miners incentived to sell some of their holdings as the market slows down. Not so long ago, U.S regulators attempted make it seem like they were embracing Bitcoin [BTC] and altcoins. Only for them to switch up and ban banking access to […]

Bitmain Crypto Mining Company Faces $3.5M Fine for Tax Violations in China

The Bitcoin mining-focused manufacturer Bitmain is facing a fine of $3.5 million for unpaid income taxes in Beijing, China. The post Bitmain Crypto Mining Company Faces $3.5M Fine for Tax Violations in China appeared first on BeInCrypto.

Texas’ gold-backed digital currency project: Law Decoded, April 3–10

While Ted Cruz and Ron DeSantis attack the idea of American CBDC, Texan lawmakers propose to create a statewide one. The topic of central bank digital currencies is in the crossfire of United States politicians, with figures like Ron DeSantis and Ted Cruz trying to prevent them from existing. But what about a statewide digital currency? The first of its kind, a gold-backed state-based digital currency project has appeared in Texas. On the same day, two Texan lawmakers introd

Bitcoin Proponents Accuse the New York Times of Publishing One-Sided ‘Hit Piece’ on Bitcoin Mining

After the New York Times was accused of writing favorable pieces about disgraced FTX co-founder Sam Bankman-Fried and inviting him to speak at the news outlet’s Dealbook Summit, it is once again being criticized for publishing a “hit piece” about bitcoin mining. The article’s authors claim that bitcoin mining is harmful to the environment, while […]

'Don't Mess with Texas Innovation' — advocates criticize bill removing crypto mining incentives

Lawmakers in a Texas Senate committee moved forward on Senate Bill 1751 on April 4, paving the way for a floor vote for the legislation some have labeled as against crypto miners. Three crypto advocacy groups have launched a campaign in response to proposed legislation that would remove many incentives for miners operating in Texas.In an April 10 announcement, the Texas Blockchain Council, Chamber of Digital Commerce, and Satoshi Action Fund called on Texas residents to reach

Bitcoin proponents respond to New York Times' BTC mining report

Bitcoin proponents accused New York Times of overstating emissions by mining companies and omitting the facts about the growing adoption of renewable energy sources for BTC mining. New York Times's latest report on Bitcoin (BTC) mining, titled “The Real-World Costs of the Digital Race for Bitcoin,” has irked many BTC proponents. A number of Bitcoin proponents took to Twitter to call out certain aspects of the report calling it "cheery picking data."The NYT article calls Bitc

Crypto Community Criticizes New York Times Bitcoin Mining Article for Fabricating Data

Riot Platforms Vice President Pierre Rochard laid into The New York Times on April 10 over a piece on Bitcoin mining. The post Crypto Community Criticizes New York Times Bitcoin Mining Article for Fabricating Data appeared first on BeInCrypto.

Is Russia About to Overtake USA as Largest Bitcoin Miner?

Russia has risen up the ranks to become the second with the second largest Bitcoin mining sector in the world after the USA. Will it close the gap with the frontrunner? The post Is Russia About to Overtake USA as Largest Bitcoin Miner? appeared first on BeInCrypto.