Bitcoin Mining

Chinese police bust $1.9B USDT underground banking racket

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Chinese police bust $1.9B USDT underground banking racket 2024-05-16 at 12:01 By Cointelegraph by Prashant Jha The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations. This article is an excerpt from Cointelegraph.com News View Original Source React […]

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El Salvador mines 474 Bitcoin using geothermal volcanic energy

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El Salvador mines 474 Bitcoin using geothermal volcanic energy 2024-05-15 at 12:01 By Cointelegraph by Prashant Jha El Salvador currently holds 5,750 BTC worth $354 million, accumulated over three years. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Galaxy Digital’s revenue soars with mining, fees at record levels

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Galaxy Digital’s revenue soars with mining, fees at record levels 2024-05-14 at 23:02 By Cointelegraph by Ana Paula Pereira Galaxy Digital’s net income climbed 40% in the first quarter of 2024, buoyed by record-breaking revenue from mining operations and management fees. This article is an excerpt from Cointelegraph.com News View Original Source React to this

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Bitcoin hash rate dips as miners turn off unprofitable ASICs post-halving

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Bitcoin hash rate dips as miners turn off unprofitable ASICs post-halving 2024-05-14 at 13:02 By Cointelegraph by Zoltan Vardai Despite the recent block reward halving, only the profitability of Bitcoin miners with less efficient mining rigs is endangered, according to Terawulf’s Nazar Khan. This article is an excerpt from Cointelegraph.com News View Original Source React

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Biden orders removal of Chinese-owned crypto miner near missile base

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Biden orders removal of Chinese-owned crypto miner near missile base 2024-05-14 at 09:03 By Cointelegraph by Martin Young Entities owned by Chinese nationals “might take action that threatens to impair the national security of the United States,” said President Biden. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Marathon Digital misses Q1 estimates on bad weather, utility failures

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Marathon Digital misses Q1 estimates on bad weather, utility failures 2024-05-10 at 05:01 By Cointelegraph by Jesse Coghlan The Bitcoin miner’s top line came below expectations due to “unexpected equipment failures” and worse-than-predicted weather at multiple mining sites. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Core Scientific sees revenue surge in 1Q24 after emerging from bankruptcy

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Core Scientific sees revenue surge in 1Q24 after emerging from bankruptcy 2024-05-09 at 01:01 By Cointelegraph by Ana Paula Pereira Bitcoin miner Core Scientific has posted $150 million in revenue from digital asset mining in the first quarter of 2024, boosting its gross margin to 46% from 26% in the previous year. This article is

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‘No signs’ of Bitcoin miner capitulation despite plummeting revenue

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‘No signs’ of Bitcoin miner capitulation despite plummeting revenue 2024-05-01 at 06:02 By Cointelegraph by Tom Mitchelhill CryptoQuant CEO Ki Young Ji said that despite a drop in Bitcoin mining revenues since the halving, Bitcoin miners haven’t shown any signs of capitulation. This article is an excerpt from Cointelegraph.com News View Original Source React to

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Runes are offering a significant lifeline for Bitcoin miners: TeraWulf CEO

Bitcoin Halving, Bitcoin Mining, transaction fees /

Runes are offering a significant lifeline for Bitcoin miners: TeraWulf CEO 2024-04-26 at 13:05 By Cointelegraph by Zoltan Vardai The transaction fees are the “wild card” for Bitcoin miners, with the current increase representing a crucial revenue boost for BTC miners, according to TeraWulf’s CEO, Nazar Khan. This article is an excerpt from Cointelegraph.com News

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Bitcoin miner profits get squeezed as hash price drops to lowest since October 2023

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Bitcoin miner profits get squeezed as hash price drops to lowest since October 2023 2024-04-24 at 21:03 By Cointelegraph by Ana Paula Pereira After enjoying record profits during Bitcoin’s recent halving, miners now face a sharp decline in hash prices. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Jack Dorsey’s Block announces development of ‘full Bitcoin mining system’

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Jack Dorsey’s Block announces development of ‘full Bitcoin mining system’ 2024-04-23 at 23:04 By Cointelegraph by Turner Wright The Block — then Square — CEO initially suggested the idea of a collaborative approach to decentralize Bitcoin mining in October 2021. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Finland’s households turn to Bitcoin mining to heat homes

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Finland’s households turn to Bitcoin mining to heat homes 2024-04-23 at 15:03 By Cointelegraph by Helen Partz Bitcoin enthusiasts in Finland have integrated two Bitcoin mines with district heating facilities enabling heating homes while mining BTC. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Hut 8 ‘self-mining plans’ make it competitive post-halving: Benchmark

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Hut 8 ‘self-mining plans’ make it competitive post-halving: Benchmark 2024-04-23 at 06:01 By Cointelegraph by Tom Mitchelhill Analysts from investing banking firm Benchmark initiated coverage on Hut 8, issuing a “buy” rating and setting a $12 target for the firm’s share price. This article is an excerpt from Cointelegraph.com News View Original Source React to

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Crypto miners face energy refusal, restriction in Canadian provinces

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Crypto miners face energy refusal, restriction in Canadian provinces 2024-04-23 at 01:02 By Cointelegraph by Derek Andersen Manitoba is extending a moratorium on new power connections, and British Columbia is introducing legislation that could prohibit the provision of power to new miners. This article is an excerpt from Cointelegraph.com News View Original Source React to

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Bitcoin mining revenue peaked at $107M on BTC halving day

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Bitcoin mining revenue peaked at $107M on BTC halving day 2024-04-22 at 12:02 By Cointelegraph by Arijit Sarkar More than 3,000 investors wanting to be a part of Bitcoin’s history spent 37.7 BTC (worth $2.4 million) in fees alone to nab their share of limited space on the Bitcoin block 840,000. This article is an

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Arkansas house passes bills restricting crypto mining

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Arkansas house passes bills restricting crypto mining 2024-04-18 at 12:01 By Cointelegraph by Amaka Nwaokocha Much of the debate surrounds whether Act 851 should be changed and how specific those changes should be. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Top five BTC miners not selling despite Bitcoin halving

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Top five BTC miners not selling despite Bitcoin halving 2024-04-17 at 17:01 By Cointelegraph by Zoltan Vardai The five largest Bitcoin mining firms are not selling in anticipation of the Bitcoin halving, despite historical data suggesting a significant post-halving drop in BTC mining revenue. This article is an excerpt from Cointelegraph.com News View Original Source

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Bitcoin miner stocks drop on ‘unsubstantiated’ post-halving profit fears: Analyst

Bitcoin Mining, Bitdeer Technologies, Blockware Solutions, CleanSpark, halving, Iris Energy, Marathon Digital Holdings, Mitchell Askew, Profitability, Riot Platforms, share price /

Bitcoin miner stocks drop on ‘unsubstantiated’ post-halving profit fears: Analyst 2024-04-17 at 07:01 By Cointelegraph by Brayden Lindrea Blockware Solutions analyst Mitchell Askew says fears around post-halving Bitcoin mining profitability are baseless as crypto miner stock prices have tumbled. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Bitcoin halving supply shock set to shake up mining sector

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Bitcoin halving supply shock set to shake up mining sector 2024-04-16 at 20:01 By Cointelegraph by Daniel Ramirez-Escudero The halving could impact the number of daily available BTC by reducing the miner rewards by 50%. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Bitcoin halving will lead to more sustainable BTC mining: Report

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Bitcoin halving will lead to more sustainable BTC mining: Report 2024-04-16 at 14:02 By Cointelegraph by Zoltan Vardai The block reward halving’s impact on mining profitability could prompt Bitcoin miners to look for more sustainable energy sources, turning the grid more sustainable. This article is an excerpt from Cointelegraph.com News View Original Source React to

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