Tag Archives: Bitcoin Mining

Nadeam Nahas – a 39-year-old former US state of Massachusetts employee – reportedly faces charges of placing a cryptocurrency mining operation in a remote space at a local school.  Court documents claim he stole nearly $17,500 worth of electricity to power his supercomputers. Revealing the Crime According to recent coverage, Nahas set up his crypto miner in the basement of Cohasset High School. Prosecutors insisted that he vandalized the facility and stole over $17,000 worth...

Crypto mining saw severe losses last year as prices went south. Several notable players in the space slid into bankruptcy, while others had to take cost-cut measures and shut down branches. This was also reflected in the Canadian cryptocurrency miner Hive Blockchain’s revenue, which halved to $14.3 million in Q3 as compared $29.6 million total it made in the previous three-month period. Hive Blockchain’s Q3 Result According to the official report, Hive said hedging its energy...

There has been a tremendous transformation in the Bitcoin mining landscape since. Different countries have become the new harbors of miners. One European country has emerged as the world’s largest hash rate producer per capita. Owing to cheap electricity, Iceland is one of the first countries to see industrial-scale Bitcoin mining. According to Bitcoin mining researcher Jaran Mellerud, the country’s entrepreneurial locals can also be attributed to the growth of the sector....

Bitmain Antminer S19 Pro Das Mining von Bitcoin erfordert eine leistungsstarke Hardware, die komplexe Berechnungen durchführen kann, um neue Blöcke zu erstellen und Bitcoin-Transaktionen zu verifizieren. Es gibt viele Geräte auf dem Markt, die für das Bitcoin Mining verwendet werden können, aber welches ist das Beste? In diesem Artikel werden wir uns das beste Gerät für das Bitcoin Mining genauer ansehen. Zunächst einmal ist es wichtig zu beachten,...

The US-based cryptocurrency miner TeraWulf produced 157 BTC in January, a 25.6% increase compared to December.  Snow blizzards towards the end of 2022 crippled its operations and increased electricity bills. The weather normalized in January, hence the better production results. Expansion Plans for 2023 TeraWulf boosted its mining activities with an increased number of machinery last month. It received 6,100 miners from Bitmain, bringing the total to 18,000. Additional 15,900...

The US-based cryptocurrency miner Riot Blockchain produced 740 BTC last month, a 62% increase compared to January 2022 and a new monthly all-time high for the company. The positive start of the year contrasts the disappointing production levels and shrinking revenue towards the end of 2022. Hitting an ATH Despite experiencing issues with its mining fleet, Riot produced a record amount of bitcoin in January – 740 BTC. CEO Jason Les revealed that the recent winter storms in...

Future Fintech Group Inc. – a developer of blockchain applications and a fintech services provider – has just finished building a new crypto mining center in the South American nation of Paraguay. Future Fintech Group Gives Way to Paraguay Crypto Mining Facility Xu Kai – the vice president of the Future Fintech blockchain division – expressed in an interview: I am very pleased that our FTFT Paraguay cryptocurrency mining farm has successfully deployed its first batch of...

The Congo in Africa has set up its first official bitcoin mining facility. The clincher? It runs entirely on clean energy and seeks to avoid the often atmosphere-polluting methods utilized by former and present enterprises. Mining in the Congo Has Become Possible The mining company has been set up in what’s known as Virunga National Park, which is often used to house endangered mountain gorillas. While these great apes are indeed still prominent in the area, it appears...

Bitcoin miners located in Texas reportedly suffered severe disruption of their operations due to a blizzard that battered the region. The extreme weather conditions prompted them to switch off their machines to preserve the local power grid.  The Cold Winter in Texas Surprised Crypto Miners As reported by Bloomberg, the ice storm that hit “the Lone Star State” damaged some of the equipment of the domestic bitcoin miners. Electricity consumption surged significantly due to the...

Marathon Digital Holdings – one of the leading bitcoin miners – mined 687 BTC in January 2023, a 45% increase compared to the last month of 2022.  However, the company shifted from its non-selling strategy, parting with 1,500 BTC to cover operational expenses. Change of Plans Marathon started the year by producing 687 BTC in January, a significant increase compared to 475 BTC in December 2022. Fred Thiel – Chairman and CEO – explained that the better results resulted from the...