Mining

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It’s happened again, folks. Another crypto hack is in the books. This time, the victim is alleged to be BTC.com, one of the biggest crypto mining pools in the world. BTC.com Hacked; A Lot of Money Gone The mining pool is believed to have lost as much as $3 million at the time of writing, which on paper, doesn’t appear as big as some of the other major hacks and scams that have occurred within the confines of the crypto space in recent years. However, it’s still another...

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The bitcoin mining giant – Argo Blockchain – mined 147 BTC in December, roughly 25% less than the production levels registered in November. The main reason for the decrease was a massive winter storm that hit the US last month and negatively affected the company’s Helios facility in Dickens County, Texas. The Cyclone’s Effect The severe snow blizzard that impacted much of the States around Christmas prompted Argo Blockchain to join other Texas BTC miners in reducing...

The mining data site Hashrate Index has released a report reflecting on the state of the Bitcoin mining industry throughout 2022.  The analysis examines the steep decline in mining profitability in 2022 compared to 2021 amid plummeting Bitcoin prices and a rising hash rate.  The Hardest Hitting Bear Market Per the report published on Wednesday, Bitcoin’s hashprice reached an all-time low of $55.94/PH/day in November of last year. Hashprice is a dollar-denominated measure of...

Another crypto mining firm is in trouble. This time, the alleged victim is Greenidge Generation (GREE), which has hinted that it could file bankruptcy in the coming weeks if its present deal with NYDIG doesn’t work out. Greenidge Generation Could Be the Next to Go The company is struggling to restructure its nearly $75 million debt. By doing this, the company could avoid a long bankruptcy line that initially began last summer with firms like Celsius, though Greenidge is...

Core Scientific – one of the largest digital currency mining firms in the world – has announced it’s filing for chapter 11 bankruptcy protection. The proceedings took place in a federal bankruptcy court in southern Texas. Core Scientific Is Filing Bankruptcy Core Scientific has been hinting at potential bankruptcy for some time. It stated in its official court documents that the declining price of bitcoin, as well as rising electricity prices to run its mining centers...

Following an acute rise of 30% in liquidity mining, HyperWallet Token (HWT) has finally broken the resistance stronghold. It soared to a new height of $0.047, which is 470% of robust appreciation from its official listing on PancakeSwap in less than 2 months. Started from $0.01, it is truly defying the laws of gravity in the awfully cold and brazen “crypto winter” now. Currently hovering above 0.040 at the time of writing, HWT remains bullish, with active trading volume...

Rätselhafte Antennen in Salt Lake City Foto: Salt Lake City Council In den Bergen von Salt Lake City musste die Naturschutzbehörde mehrere seltsame Antennen entfernen. Womöglich besteht ein Zusammenhang zu einem Bitcoin-Projekt. Salt Lake City public lands officials hiked up the snowy Twin Peaks trail today to remove a mysterious device (solar panel, antenna & locked battery box). They're finding more in the foothills, with no explanation as...