Northern Data, a German data center company, is considering selling its crypto mining arm, Peak Mining Frankfurt, to focus on its growing AI business. This move comes as crypto miners continue to struggle with reduced Bitcoin rewards. If the sale goes through, Northern Data plans to use the proceeds to fund the expansion its AI […] Source CryptoX Portal
Bitcoin miners and artificial intelligence (AI) cloud providers, along with high-performance computing (HPC) operators, share an unexpected bond in their quest for computing muscle. As the cryptocurrency scene shifts, some bitcoin mining setups are finding fresh purpose in the fast-growing fields of generative AI and large language models (LLMs). A Closer Look at the Unseen […] Source CryptoX Portal
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The cloud mining market is booming, driven by demand for efficient and sustainable solutions, with BitconeMine offering users an easy way to earn passive income through mining. The cloud mining platform market shows promising prospects amid the expanding crypto landscape and blockchain technology adoption. Key drivers include the increasing demand for cloud-based solutions that provide mining resources, hardware, and software without the need for significant infrastructure investments. Optimization of…
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