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Here’s the new geography of the bitcoin mining industry

July 31, 2021 Bitcoin, Bitcoin mining, Mining Eddy 0

Quick Take Now that China has cracked down on bitcoin mining, a new era is dawning for the global mining industry. Mining firms outside of China are poised to capture much of the market share that Chinese miners have lost. We mapped out the new ecosystem and categorized the new players by capacity, planned capacity, […]

Bitcoin Mining Operation Reveals Plans to Convert Coal Ash Landfill Into Solar Farm

July 29, 2021 143-acre site, 5MW, Bitcoin, Bitcoin (BTC), Bitcoin mining, BTC Mining, Carbon Neutral, CEO of Greenidge, Coal, combustion residuals, crypto mining, Dale Irwin, Dresden, Energy, environment, EZ Blockchain, Finger Lakes, Greenidge, Greenidge Generation Holdings, Jeff Kirt, Lockwood Hills landfill, Mining, mining company, new york, Renewable Energy, Solar, Solar Farm, Stronghold, waste Eddy 0

Following the announcement from Greenidge Generation Holdings that detailed the company would be promoting a carbon-neutral stance, and the firm’s recent partnership with Foundry, Greenidge revealed on Thursday it is investing profits into a renewable energy investment program. The company is in the midst of expediting the closure of a coal ash landfill in order […]

Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan

July 29, 2021 Bit Mining, Bitcoin Miners, central asia, China, crypto miners, cryptocurrency miners, data centers, deployment, Kazakhstan, Miners, Mining, mining company, Mining Devices, mining enterprise, mining firm, mining machines, Purchases, Shipping Eddy 0

Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an estimated 165 petahashes per second. Bit Mining Buys New Cryptocurrency Miners for Data Centers in Kazakhstan […]

Bitcoin, Ethereum hash rate starts recovering as Chinese miners redeploy overseas

July 29, 2021 Bit Mining, Bitcoin, Bitcoin mining, Ethereum, Ethereum mining, Mining Eddy 0

The hashing power securing the world’s two largest blockchains is on track of a slow recovery, as some Chinese miners have gradually completed their relocation after the crackdown. Based on The Block’s Dashboard, the seven-day moving average of Bitcoin’s hash rate has slowly climbed up to and remained at the 100 exahashes per second (EH/s) […]

BIT Mining Acquires 2,500 Additional Bitcoin Mining Machines

July 28, 2021 Bitcoin Mining Firm, Mining, News Eddy 0

BIT Mining Limited has just disclosed its additional purchase of 2,500 new bitcoin mining machines for a total of roughly $6.6 million. The company estimated that the new machines would increase its maximum total hash rate capacity by approximately 165 PH/s once they are deployed. The mining machines are expected to be delivered in a […]

Iran Raises Alarm Over Potential Influx of Miners From China

July 28, 2021 beijing, China, chinese, consumption, Crackdown, crypto, crypto miners, crypto mining, Cryptocurrency, Electricity, Energy, Flood, influx, Iran, Iranian, Iranians, Islamic republic, Migration, Miners, Mining, Mining Devices, smuggling, tehran Eddy 0

With the government in Beijing cracking down on their operations, Chinese miners have been on the lookout for other jurisdictions. Providing low-cost energy, Iran has emerged as a prospective destination. However, the country’s state-owned power utility has expressed concerns over a possible influx of miners and illegal imports of mining hardware from China. Tavanir Warns […]

Bitcoin mining firm Stronghold files for $100 million IPO

July 28, 2021 Bitcoin, Capital Markets, Mining Eddy 0

Stronghold Mining, a bitcoin mining firm based in the U.S. state of Pennsylvania, is seeking to raise $100 million in an initial public offering, according to regulatory documents made public on Tuesday. The planned IPO follows a $105 million funding round that drew from a range of family offices, as The Block previously reported. The […]

Bitcoin Mining Difficulty Parameter Set to Increase for the First Time in 8 Weeks

July 27, 2021 16% drop, 2011, 2020, 27% drop, 4 times, 8 times, Block time, BTC difficulty, BTC.com, chinese miners, difficulty, Exahash, Hahspower, Hashpower, Hashrate, largest drop, Largest Drop in History, Mempool, Mining, Mining Operations, Mining Pools, network difficulty, Overall Hashrate, SHA256 Hashrate Eddy 0

Bitcoin’s hashrate has slowly crept back up between 85 exahash per second (EH/s) to 125 EH/s on July 14. The increase in hashpower has made it so the next mining difficulty change will increase for the first time in eight weeks. The four consecutive difficulty drops turned out to be the largest slide in Bitcoin’s […]

Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges

July 27, 2021 accounts, bank accounts, Banks, crypto, crypto companies, crypto exchanges, crypto trading, Cryptocurrencies, Cryptocurrency, Exchanges, Investors, kazakh, Kazakhs, Kazakhstan, Miners, Mining, pilot project, project, Regulation, Traders, Trading Eddy 0

Companies providing trading services for digital assets will be able to open accounts with banks in Kazakhstan, local media reported, quoting the country’s crypto industry association. The service should allow Kazakhs to legally invest in cryptocurrencies and cash out their profits. Crypto Exchanges in Kazakhstan to Be Offered Banking Services Kazakh banks will be permitted […]

Bitmain spins off Antpool to focus on bitcoin mining hardware design

July 27, 2021 Antpool, Bitcoin, Bitcoin mining, Bitmain, Hardware, Mining Eddy 0

Bitcoin mining hardware manufacturing giant Bitmain has practically finished spinning off Antpool, currently the largest bitcoin mining pool by hash rate. Bitmain said in a blog post on Tuesday that it hosted an interim shareholder meeting on July 26 and reported on the progress of divesting the Antpool mining pool business. “All of the legal […]

Tag: Mining