Tag: Mining

Kaspa (KAS) Climbs 18% As Bitcoin Mining Giant Goes All In

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Marathon Makes A Move Into The Kaspaverse On Wednesday, June 26th, Marathon Digital, a behemoth in Bitcoin mining, sent ripples through the crypto market by revealing they had begun mining Kaspa. This strategic move signifies a potential diversification of their revenue stream, venturing beyond the well-trodden path of Bitcoin. Kaspa, a fellow proof-of-work cryptocurrency, boasts a unique advantage: speed. With a current value of a little over $15 million, Marathon has mined close to 94 million KAS thus far. #Kaspa has clearly broken through the 18 cent barrier and is…

How Canaan Researches and Develops Green Bitcoin Mining Technology – Tony Li, VP of Canaan

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Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Mr. Zhibing (Tony) Li is the Vice President of Canaan Inc. He recently joined the Bitcoin.com News Podcast to talk about the company’s technology R&D roadmap and […] Original

Foundry Unveils New Hardware Suite Targeting Institutional Bitcoin Mining

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Foundry Digital LLC has launched a new suite of products aimed at enhancing institutional bitcoin mining operations. Dubbed Foundry Hardware, this initiative introduces specialized equipment designed to improve mining system efficiencies and reliability. Foundry’s New Suite Aims to Optimize Institutional Cryptocurrency Mining Foundry Hardware‘s offerings include power supply units, immersion optimization kits, and control boards […] Original

Bitcoin Mining Made Easy: How GoMining Leads the BTC Adoption Through Redefining the Industry’s Accessibility

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As Bitcoin enters a new cycle following the halving event in April 2024, the landscape of Bitcoin mining continues to evolve. Mining plays a crucial role in maintaining the sustainability of the Bitcoin ecosystem, yet the industry has transformed significantly over the years. Dominated by large-scale players, the barriers to entry for individual miners have […] Original

Bitmain’s New S21 Bitcoin Mining Rigs Debut With up to 473 TH/s of Hashpower

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At the World Digital Mining Summit in Las Vegas, Bitmain, a leading manufacturer of application-specific integrated circuit (ASIC) bitcoin mining rigs, introduced two new mining machines. Both models—one air-cooled and one hydro-cooled—boast an efficiency rating of under 14 joules per terahash. Bitmain Introduces S21 XP and S21 XP Hydro Bitmain’s new Antminer S21 series mining […] Original

Bitcoin (BTC) Price Bounces to $67K with Mining Stocks HIVE, WULF, CAN Rallying; XRP Leads Altcoins

Bitcoin has been chopping sideways in a tight range below its all-time record prices since March, flushing out excess leverage in liquidation cascades, and surely causing some impatience from market participants, particularly the “number go up” crowd. Underscoring the boring price action, bitcoin’s 30-day realized volatility has dropped to near historic low levels, Alex Thorn, research head of digital asset investment firm Galaxy, pointed out in an X post. Source

Bitcoin mining companies are hiding energy data, Wall Street is responsible

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In a new report filed by Greenpeace, the climate group called for Wall Street accountability in crypto mining, and it correlated bitcoin mining to excessive global energy usage. Greenpeace claimed that Bitcoin (BTC) mining has evolved into a significant industry dominated by traditional financial companies that are buying up and operating large-scale facilities, using lots of energy. In 2023, global Bitcoin mining used approximately 121 TWh of electricity, comparable to the entire gold mining industry or a country like Poland. This resulted in significant carbon emissions, the report contended, as…