Tag Archives: Bitcoin Mining

AntPool – a prominent Bitcoin mining pool – has announced its decision to refund the staggering $3 million transaction fee that made headlines last week. The incident occurred when a user mistakenly submitted an 83 BTC gas fee, prompting AntPool’s risk control system to temporarily freeze the transaction during packaging. AntPool to Reimburse 83 BTC Gas Fee According to an update on November 30th, AntPool has set a deadline for the original owner to verify their identity...

Bitcoiners are blasting the British Broadcasting Corporation (BBC) following the outlet’s recent article discussing the blockchain network’s energy consumption. The public broadcaster cited a study claiming that every Bitcoin transaction consumes “a back yard swimming pool” worth of water, though critics say that the claim is based on “junk science.” Does Bitcoin Use Too Much Water? As published on Wednesday, the BBC’s article claimed that Bitcoin’s water consumption relates...

Der grösste Stablecoin-Emittent Tether diversifiziert seine Einnahmequellen weiter, indem er Bitcoin-Mining-Anlagen in Uruguay, Paraguay und El Salvador baut und in bestehende Anlagen investiert. Mit einer Leistung von 40 bis 70 Megawatt pro Anlage strebt Tether an, in Zukunft für 1 Prozent der Rechenleistung des gesamten Bitcoin-Netzwerks verantwortlich zu sei. Um die Erfolgsquote dieses Vorhabens zu beurteilen, müssen wir Vergleiche mit den...

A fundamental aspect of Bitcoin’s appeal lies in its status as a form of currency resistant to censorship and immune to arbitrary regulations. The principle is that anyone with the means to cover network fees should be able to engage in transactions without requiring permission. However, a new report suggests that a major Bitcoin mining pool filtered transactions based on sanctions imposed by the US Office of Foreign Assets Control (OFAC). Asian-Based Bitcoin Mining Pool...

An unknown Bitcoin (BTC) user paid an 83.6 BTC ($3,136,058) transaction fee while moving his coins on Thursday, marking the largest transaction fee the network has ever recorded in dollar terms. The total size of the transaction was 139 BTC ($5,198,720.84), meaning less than half of the transfer (55.7 BTC) actually reached the recipient. Another Costly Transaction Mistake The costly transaction was sent from wallet address bc1qn3d…wekrnl to address bc1qyf…km36t4 on November...

The 2023 Miss Universe pageant’s preliminary costume contest kicked off on Thursday – and Miss El Salvador’s outfit proved to be a hometown hit. The contestant donned a “volcanic empowerment costume” reminiscent of the nation’s signature volcanoes, which are being leveraged by the government to mine Bitcoin (BTC). El Salvador and Volcanic Empowerment As she took the stage, this year’s Miss El Salvador – Isabella García-Manzo – was welcomed by the San Salvador crowd with...

The Bitcoin (BTC) mining community achieved an annual all-time high (ATH) on November 12, amassing $44 million in combined block rewards and transaction fees. This milestone, the highest for the year, marks a resurgence for Bitcoin miners who weathered a challenging period between April 2022 and November 2023. 2023 Marks a Turnaround for Bitcoin Miners According to data from Blockchain.com, the Bitcoin (BTC) mining community achieved a significant milestone on November 12. It...

Bitcoin mining firm Core Scientific filed a disclosure statement for its third-amended bankruptcy recovery plan on Monday, which incorporates key terms from its Restructuring Term Sheet filed in late October. The new filing features a concrete timeline for how the firm will gain support for the plan from key stakeholders and emerge from bankruptcy before January 15. Final Stages of Bankruptcy Per the Monday filing, the debtors plan to “move forward expeditiously” with...

Bitcoin-Miner haben nach einer längeren Periode gedämpfter On-Chain-Aktivitäten einen deutlichen Aufschwung ihrer Einnahmen erlebt. Im zweiten Quartal des laufenden Jahres haben die Miner beeindruckende 184 Millionen Dollar aus Transaktionsgebühren im Bitcoin-Netzwerk eingenommen, was einen Anstieg von 270 Prozent im Vergleich zum ersten Quartal bedeutet. Während der Anstieg der Gebühren teilweise auf Ordinals und Smart-Contract-Innovationen zurückgeführt werden kann, spielte der Preisanstieg...

Bitcoin miner Marathon Digital has continued its international expansion by launching a 27-megawatt Bitcoin mining project powered by renewable hydro energy near Paraguay’s Itaipu Dam. According to a press release, Marathon Digital launched the project in partnership with Penguin Infrastructure Holding, which aims to transform energy into human potential in Paraguay. The project’s first miners are already on site and are being prepared for installation and energization....