Tag: Mining

Iranian Government Slams Crypto Mining for 15-20% of Power Deficit Crisis

Key Notes Cryptocurrency mining operations in Iran now consume approximately 2,000 megawatts of electrical power daily. Illegal mining activities dropped consumption by 2,400 MW during recent internet outages, revealing massive scale. Authorities seized over 240,000 mining devices and offer rewards up to $2,300 for reporting illegal operations. Currently, Iran is experiencing frequent power cuts due to its summer season and has a significant electricity deficit. Mohammad Allahdad, deputy director of Iranโ€™s national power company Tavanir, said on July 29 that cryptocurrency mining is responsible for 15โ€“20% of the countryโ€™s current…

Bitcoin Mining Giant Mara Completes $950M Deal to Buy More BTC

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The worldโ€™s largest publicly-traded bitcoin miner is also the worldโ€™s second-largest bitcoin holder among publicly listed companies. Mara Secures $950M Funding to Expand Bitcoin Holdings Bitcoin mining firm Mara Holdings (Nasdaq: MARA) has raised $950 million by issuing interest-free senior convertible notes to private qualified investors, according to a Monday press release. The funds will […] Original

Binance Cloud Mining Results 90 Days #crypto #bitcoin

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Hey! In this #shorts video I show you what is Binance Cloud Mining in 2023. I use 90 days cloud mining plan and here is a results. Thank you for watching. Our Discord – #crypto #viral #binance #btc #mining #investing #usdt โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Youtube version

Bitcoin BULL vs. BEAR: Will It Crash or Hit $150K?

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Bitcoin is back in the spotlight after smashing through a new all-time high. But is this the beginning of a massive breakout or the top of the cycle? To find out, we sat down with two Bitcoin OG’s: Scott Melker, the bull, and Mike McGlone, the bear. From ETFs and macro signals to policy and price action, they break down the forces behind this rally and what’s coming next. Spoiler: they completely disagree. Follow COINTELEGRAPH: Website: Telegram: Facebook: Twitter: Mobile app: Cointelegraph…

Bitcoin Miners Are Earning More from AI Than Mining: Hereโ€™s How

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Why Bitcoiners turned to AI The 2024 Bitcoin halving reduced block rewards to 3.125 BTC, cutting minersโ€™ income in half. This change, combined with higher electricity costs, expensive equipment maintenance and increased competition, made traditional mining less profitable. Many mining companies struggled to maintain their profit margins and began exploring other revenue sources. Although Bitcoin mining relies on devices called ASICs, mining companies have access to energy-dense data centers and power infrastructure. As demand for AI compute skyrockets, many miners are repurposing or upgrading their facilities with GPUs to support…

Antminer L9 24GH Overclock๐Ÿ”ฅCrypto Mining India๐Ÿ‡ฎ๐Ÿ‡ณ #cryptomining #antminer #bitcoinmining #vnish

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