Bitcoin Mining – Bold Players

Russia eyes crypto mining legalization by 2024 with specialized authorized mining organizations

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…

Tether expands into Bitcoin mining

Canaan’s mining revenue rises 3.3% in Q1 while overall revenue declines

Bitcoin (BTC) miner Canaan reported a 3.3% increase in its mining revenue for the first quarter, according to a May 26 statement. Mining revenue According to Canaan, it generated $11.1 million in mining revenue between January 1 and March 31. This represents a 3.3% increase from the $10.7 million it raised during the fourth quarter…

Inside Bhutan’s secretive Bitcoin mining operation

Senator Warren Bitcoin mining tweet called ‘disinformation’ by crypto community

Bitcoin’s net emissions are down for 3rd month in a row

Ad The environmental impact of Bitcoin mining has been a hot topic in the past year, especially in the U.S. Following the coveted mining ban in China, a huge number of large mining operations set up shop in the U.S., taking advantage of loose regulation and low energy prices. The influx of mining companies to…

BTC hashrate hits ATH second time in 7 days, difficulty expected to grow 9%

Bitcoin (BTC) hashrate rose 20% to a new all-time high on Jan. 12 — the second time the hashrate increased to a new ATH in the last seven days. It has since retraced to 251.79 EH/s as of press time. Source: Glassnode Crypto investor Asher Hopp pointed out that Bitcoin’s hashrate rose to an all-time…

The centralization of Bitcoin: Behind the two mining pools controlling 51% of the global hash rate

While most of the market focuses on Bitcoin’s price volatility, a much bigger problem seems to go unnoticed. The centralization of Ethereum has been one of the hottest topics in the crypto industry since the network’s switch to Proof-of-Stake, with many critics warning about the dangers of such a high market cap cryptocurrency relying on…

Research: The Antminer profitability crisis

Bitcoin’s fall from its all-time high to a low of $15,700 has been one of the most dominating narratives this year. Bitcoin lost 75% of its value since Nov. 10, 2020, and over 65% since the beginning of the year. However, a much more remarkable story than Bitcoin’s volatility is the divergence between its price…

Bitcoin miner Core Scientific files for bankruptcy, has over $1B in liabilities

Publicly traded crypto miner Core Scientific filed for Chapter 11 bankruptcy protection on Dec. 21 at the Southern District of Texas bankruptcy court. According to court documents, the miner has liabilities between $1 billion- $10 billion. It has over 1,000 creditors, with the largest unsecured claim owed to B. Riley Financial –the bankrupt firm owes…