Key Notes Bitcoin mining difficulty has reached an all-time high of 127.6 trillion. Miner earnings hit a post-halving high of $52.63 million per exahash. Miner outflows have dropped nearly 49%, indicating strong holding sentiment. The Bitcoin BTC $114 969 24h volatility: 1.0% Market cap: $2.29 T Vol. 24h: $28.65 B mining difficulty climbed to a record high of 127.6 trillion this week, making it harder than ever to mine new BTC. Miners now need more computing power to solve the puzzles required to validate transactions and earn rewards. However, a…
Tag: Mining
France’s RN Party Pushes Bitcoin Mining With Nuclear Power Surplus
Rassemblement National (RN), a French political party, is reportedly pushing to mine Bitcoin using surplus energy from nuclear power plants, signaling a shift from its leader’s previous anti-crypto stance. French newspaper outlet Le Monde reported last week that RN leader and three-time presidential candidate Marine Le Pen now backs idle nuclear energy for Bitcoin (BTC) mining. She reportedly promoted the plan during a visit to the Flamanville nuclear plant on March 11. The party said the initiative will turn wasted electricity into “secure and extremely profitable” digital assets. According to…
France considers redirecting nuclear surplus to state-backed Bitcoin mining
Members of France’s National Rally have championed Bitcoin mining as a way to monetize France’s surplus nuclear electricity. According to French media outlet Le Monde, far-right lawmakers have positioned Bitcoin mining as a practical solution to longstanding energy and economic… Original
Bitcoin Mining Powers Ethiopia’s $55M Surplus Energy Revenue: Report
Ethiopia’s state utility generated $55 million from bitcoin mining using surplus hydropower, reinvesting profits to accelerate rural electrification projects. Ethiopian Electric Power earned $55 million over 10 months—18% of its annual revenue—by diverting otherwise wasted hydroelectricity to bitcoin mining operations, according to an Ethiopian Tribune report. The revenue funds strategic infrastructure development, expanding transmission lines, […] Original
Mining Crunch? Bitcoin Hashrate Slides Below 900 EH/s
Eight days ago, the network hit a peak of 943 exahash per second (EH/s). Since that high point on July 26, roughly 44.8 EH/s has vanished. Bitcoin Hashprice Falls 11.65% in 30 Days Hashrate has dipped 4.75% over the past eight days, slipping below the 900 EH/s threshold. As of Aug. 3, it’s hovering at […] Original
More Work, Less Reward? Bitcoin Mining Toughens As Price Sinks To $113K
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…
How to become a Mining Engineer in 30 seconda [NSW MINING]
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Honours? He nailed it. 🥇 Meet Adam, one of our new undergrad mining engineers at the DEVELOP Woodlawn Mine. Taking one step on from his dad in studying mining engineering, Adam’s now on site and tackling some real life engineering solutions 👷♂️ – Check out the NSW Mining website here www.nswmining.com.au – Visit us on Facebook for daily NSW Mining updates: www.facebook.com/nswmining – Follow us on Twitter for the latest industry updates: www.twitter.com/nswmining – See what we have been up to on…
Bitcoin Mining Difficulty Hits All-Time High After Sharp Drop-Off
The Bitcoin (BTC) mining difficulty hit an all-time high of 127.6 trillion this week, but is projected to drop during the next difficulty adjustment on August 9. Mining difficulty is expected to fall by about 3% to 123.7 trillion in the next adjustment period, and the current average block time is about 10 minutes and 20 seconds, according to CoinWarz. Data from CryptoQuant shows that the mining difficulty fell in June, with a sharp drop-off at the end of month and the first two weeks of July, when difficulty fell…
Bitcoin mining faces surging power demands and record-low fees
The Bitcoin network is expanding on an industrial scale, with power-hungry mining rigs driving energy consumption to unprecedented highs even as the flow of transactions slows to a trickle. Yet, the network seems to be under tension as rising hashrate… Original
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