North American listed mining companies mined a larger share of bitcoin in September than August, and comprised 22.2% of the total network, up from 19.9% in August, the report said. This was driven in part by better uptime for these firms who benefitted from lower temperatures. Original
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Explore 5 promising free crypto cloud mining platforms of 2024, offering accessible options for mining Bitcoin, Ethereum, and more—ideal for beginners and experienced miners. Using cloud mining allows people to quickly mine Bitcoin, Ethereum, Litecoin, Dogecoin, and more. If users lack professional equipment and mining-related knowledge, they might want to try cloud mining. Whether users are a beginner, an experienced miner, or a cryptocurrency investment enthusiast, they can receive…
Ethiopia has rapidly expanded its electricity allocation to Bitcoin mining, making it one of the world’s fastest-growing markets for this activity. The country plans to further increase its capacity this year. Many of the miners are using mid-generation machines due to their low power consumption. Ethiopia to Expand Bitcoin Mining Power Allocation Ethiopia has reportedly […] Original
Bitcoin mining rig manufacturer Bitmain has just rolled out two new rigs, boasting a hashrate of up to 216 terahash per second (TH/s) for their air-cooled model and 319 TH/s for the hydro-cooled version. Bitmain Releases New Air and Hydro-Cooled Bitcoin Mining Rigs The Chinese application-specific integrated circuit (ASIC) producing giant, Bitmain, has debuted its […] Original
Compass Mining has announced a partnership with Mindshift, a licensed digital asset service provider in South Korea, to extend bitcoin mining services to the region. The collaboration aims to address challenges like high electricity costs while making bitcoin mining more accessible to South Korean residents. Compass Mining Collaborates With Mindshift The partnership between Compass Mining, […] Original
Ethiopia is emerging as a fast-growing Bitcoin mining hub, with local miners already consuming 600MW of power and more capacity expected to come online this year. Ethiopia’s Bitcoin (BTC) mining industry is gaining momentum, with crypto miners currently consuming 600MW of power, Ethan Vera, the co-founder and COO of Luxor Mining, said in an X thread, citing data from Ethiopian Electric Power. The country, which has approximately 5,200 MW of installed generation capacity, predominantly from hydropower, with wind and thermal sources making up the remainder, is expected to add several…
MARA, one of the largest bitcoin miners in the public market, has kicked off an exciting new pilot program aimed at powering its operations with excess natural gas from U.S. shale, as noted in a report from Reuters. This initiative emerges amidst an ongoing battle for electricity between artificial intelligence (AI) data centers and bitcoin […] Original
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. It’s time to start learning Dzongkha. That’s the language of Bhutan, a South Asian country on the Himalayas’ eastern edge that is one of two confirmed nation-states mining Bitcoin (BTC) today (the other being El Salvador). Bhutan made the fateful decision to build out a world-class hydroelectric power production infrastructure in order to leverage one of the largest water reserves in the world, as well as the…
Crypto mining giant Marathon Digital has been sued by residents of Granbury, Texas, over noise pollution, which locals claim harms their health and disrupts their daily lives. A group of Grabury community members filed a lawsuit with the Texas State Court, Hood County, against Marathon Digital Holdings, Inc., alleging that the mining giant’s Bitcoin mine is causing “serious health and quality of life impacts” for those living nearby. According to the nonprofit environmental law firm Earthjustice, which represents the concerned citizens, at least two dozen locals have faced serious health…
Igor Runets, owner and CEO of Bitriver, commented on the growth potential of the Russian bitcoin mining industry following the approval of the mining law in the country. Runets stated that, due to the several advantages provided by the law, the Russian bitcoin mining industry could reach parity with the U.S. in two to three […] Original