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Tag Archives: Mine Bitcoin

Are Bitcoin Miners Making a Comeback?

Recent technical signals suggest bitcoin could be due for a breakout soon, something that’s sure to make investors everywhere squeal with joy. Bitcoin Might Be Coming Back Soon The crypto space has been doing rather poorly as of late, with bitcoin – the world’s number one digital currency by market cap – leading the way into the doldrums. BTC has crashed by more than 60 percent from its November 2021 all-time high of $68,000, and the crypto space has lost more than $2...

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Stronghold Digital Forced to Sell Many Mining Rigs

The world of bitcoin mining has taken some serious blows, and it doesn’t look like the space is going to be recovering anytime soon. With prices falling to such drastic lows, it appears that many miners are either having to leave the space altogether or take drastic measures to ensure their money stays in place, as is the situation with firms like Stronghold Digital Mining. Stronghold Digital Had Too Much Debt As one of the biggest and most stable digital currency mining...

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Riot Blockchain Earns a Lot of Money for Scaling Back Crypto Mining Energy Use

Riot Blockchain, Inc. is a company that both hosts and mines bitcoin units. In a recent announcement, the company said it received more than $9 million from the Texas state power grid manager to cut back on its mining efforts and give the state a break as it reached peak energy demand from residents and businesses alike. Riot Blockchain Is Willing to Compromise Riot Blockchain is one of the largest, most well-known crypto mining facilities in the world. In a recent...

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Lake Parime Is Establishing New Crypto Mining Repair Center

Lake Parime – a manufacturer of portable data centers utilized for mining digital assets – is opening a new repair and manufacturing facility in the city of Jacksonville, Florida. Lake Parime Is Building a Crypto Mining Repair Facility Mining is very important for the crypto industry. It’s how new units of crypto are extracted from various blockchains and placed in circulation. However, one must remember that like all things, mining equipment can break down or suffer due...

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Crypto Miner Core Scientific Forced to Release Staff

Crypto mining company Core Scientific has announced it is reducing its staff by roughly ten percent and that it’s devaluing the value of its assets as the crypto space continues to suffer at press time. Core Scientific Forced to Lay Off Staff This has been a common theme in the crypto space as of late. Many companies, including big-name exchanges like Gemini in New York and Coinbase have been forced to make serious cutbacks and lay off several staff members so they can...

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Vespene Energy Will Use Methane to Safely Extract BTC

A Berkeley-based startup known as Vespene Energy announced that it’s going to use the methane gas emitted by landfills to power bitcoin mining rigs, thus adding more units to the blockchain through greener and more eco-friendly means. Vespene Has Big Bitcoin Plans The world of bitcoin and crypto mining has taken a lot of flak in recent years. There are many reports that digital currency mining uses more energy than several countries, while others claim it’s likely to...

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China Remains a Big Player in Crypto Mining

Despite what appears to be an ongoing hatred for bitcoin and endless attempts to rid itself of the world’s number one digital currency by market cap, China still holds a rather strong position in the crypto market. China Still Hosts a Lot of Mining Just over a year ago, China shocked the world by announcing that it was going to end all bitcoin and crypto mining operations within its borders and it declared the process of extracting units from the blockchain illegal. The...

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Clean Spark Garners More than 1,000 Crypto Mining Machines

Sustainable bitcoin mining and energy company Clean Spark, Inc. has announced a new acquisition that has garnered the firm an additional 1,061 Whatsminer machines ready to extract new BTC units from the blockchain. Clean Spark Is Building Its Mining Capabilities The machines are located at a mining plant hosted by Coin Mint. They will give Clean Spark an additional 93 peta-hashes per second of computing power, thus boosting the firm’s abilities tenfold. Zach Bradford –...

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Heatwave Causes Texas BTC Miners to Slow Down

There is a rapid heatwave spreading through the state of Texas. This means everybody’s air conditioning units are going to be on, and electricity is going to be short. As a result, crypto miners in the Lone Star state are expected to shut down here and there to at least calm their operations for a while. Texas Is the Crypto Mining Hotspot Texas, for the past several months, has caught the eye of crypto miners across the globe. Not only does the region offer vast amounts...

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Crypto Miners Have Seen Their Profits Plunge

The crypto winter is really wreaking havoc on crypto miners everywhere. While large scale miners are still doing “ok” in the general scope of things, those who have simply made mining a hobby and who are doing it from home have either been forced to leave the industry completely or really scale back so they can save money on their operations. Crypto Miners Have Seen Profits Really Fall Many of the at-home crypto miners to emerge in recent years say they have seen their...

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