Mining

Only five miners remain profitable after bitcoin dropped to prices below $54,000, said f2pool, a crypto mining firm.  “With #Bitcoin trading below $58k, what is the current profitability for mining? At a rate of $0.08/kWh, ASICs less efficient than 23 W/T operate at a loss,” the miner said in an X post. The same post displayed a graph showing profitable miners at this price range. Source: f2pool on X At asset prices below $54,000, only four of Antminer’s rigs and one of Avalon’s remain...

On July 5th, Bitcoin fell below $54,000, experiencing a decline of over 6% in the past 24 hours due to increasing bearish pressure. The market downturn intensified after Mt. Gox, an early cryptocurrency exchange that went bankrupt over a decade ago, started to repay its customers following a lengthy bankruptcy process. The latest downturn has rendered several Bitcoin mining machines unprofitable. According to the latest data from f2pool, only six mining machines remain...

[PRESS RELEASE – Road Town, Tortola, British Virgin Islands, July 5th, 2024] GoMining, a premier Bitcoin mining operator redefining the industry’s accessibility through their innovative NFTs, each backed with a real share of BTC hashrate, has revealed the upcoming listing of the GOMINING token on the HTX crypto exchange. GOMINING, the utility token of the GoMining platform, will be listed on the HTX crypto exchange on Monday, July 8, according to a joint statement made by HTX...

[PRESS RELEASE – HK, HongKong, July 4th, 2024] ASIC MARKETPLACE is celebrating 3 remarkable years of leading the industry as the most reliable Asic sourcing platform, serving robust ASIC Miners across the world, marking phenomenal achievement and growth in the mining landscape. ASIC marketplace has been in the industry since 2021, where it has performed as a pioneer in reselling the 12800+ ASIC Mining Hardware successfully to date across 80+ countries. marketplace calls...

Crypto mining firm Genesis Digital Assets – backed by Sam Bankman-Fried’s fallen hedge fund, is reportedly mulling over an initial public offering (IPO) in the US as the crypto sector gains steam. According to Bloomberg sources, Genesis Digital Assets is currently consulting advisers on a possible listing. The mining company intends to initiate a pre-IPO funding round, which is expected to begin in the coming weeks, as per an anonymous source. Genesis Digital Assets Considers...

A Bitcoin whale deposited around $61 million worth of bitcoins to their Coinbase Pro account on Friday for liquidation, according to Arkham Intelligence. The wallet 12EMDoUhaNCuWZeeT6ey61AkjKyzmjV2m3 moved close to 1,000 bitcoins that laid dormant for six years. A Bitcoin whale represents a wallet that holds no less than 1,000 bitcoins. Over the past few weeks, whales have liquidated large amounts of bitcoin to realize profits as the asset’s price has risen tremendously. On Thursday, a...

[PRESS RELEASE – Road Town, Tortola, British Virgin Islands, July 1st, 2024] GoMining, a premier Bitcoin mining company operating nine data centers worldwide, has announced the next step of their integration with The Open Network (TON). The utility token of the GoMining ecosystem, GOMINING, is now available on the TON blockchain. According to the company’s statement, 20,000,000 ERC-20 GOMINING tokens have been burned to issue an equal amount of GOMINING jettons (a digital...

Marathon Digital Holdings, a global crypto-focused platform, announced that its mining operations for Kaspa have yielded approximately $15 million worth of KAS since they commenced last September. The company states that the decision to mine Kaspa was part of its strategy to diversify its mining operations. Marathon Mining Kapsa In the statement released on Wednesday, Marathon Digital mentioned that since the dawn of their Kaspa mining operations, they have already mined...

A Satoshi-era Bitcoin wallet came out of its 14-year slumber to move 50 bitcoins to Binance. Moving funds to a centralized exchange often means the one controlling the wallet is cashing out on their holdings. Knowing that, it is safe to assume the holder liquidated their bitcoins for just over $3 million, marking gigantic profits as those 50 bitcoins entered their wallet when the asset was just $0.05 a pop. The $25 they held in 2010 has now turned into $3 million. And how did they come into...

CleanSpark, one of the biggest Bitcoin miners in the US, has acquired GRIID Infrastructure, another Bitcoin miner, through a $155 million transaction. The merger comes as CleanSpark expands its foothold over the Bitcoin mining space by acquiring data centers and other miners. This way, the firm gets to channel more power to increase the number of bitcoins it mines and drive up profits by providing processing power to meet the computational requirements of AI companies. It recently acquired...