Tag: mining

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Bitcoin

This Crypto Firm Returns 27,000 Mining Rigs To Pay Off Loan

During the 2021 crypto bull, lenders issued over $4 billion in loans collateralized by Bitcoin mining hardware. These financial instruments backfired on BTC...
Crypto Mining

Core Scientific offloads 27,000 mining rigs to NYDIG to cover $38M loan

Bankrupt crypto miner Core Scientific would transfer its ownership of 27,403 mining machines to crypto lender NYDIG to pay off a $38.6 million...
Bitcoin

🔴Bitcoin Mining Goes Nuclear | This Week in Crypto – Jan 30, 2023

https://www.youtube.com/watch?v=loiAxzq-8CoBinance admits mixing client funds with reserves, Robinhood’s Twitter account gets hacked and the first nuclear-powered Bitcoin mining rigs are closer than you...
Crypto Mining

Bitcoin Difficulty Surges 4.68%, Taps New All-Time High; Metric Set to Surpass 40 Trillion – Mining Bitcoin News

The Bitcoin blockchain recorded another difficulty increase on Sunday, Jan. 29, 2023, at block height 774,144. The network’s difficulty increased by 4.68%, from...
Crypto Mining

Ban on Crypto Mining in Residential Areas Proposed in Russia – Mining Bitcoin News

Advisors to the Kremlin have suggested that home crypto mining should be banned in Russia, or in some of its regions. The stated...
Bitcoin

Bitcoin Difficulty Set to Rise 3.82% to All-Time High of 39 Trillion Following Recent Increase – Mining Bitcoin News

The Bitcoin network is set to record another meaningful difficulty increase on Sunday, Jan. 29, 2023, as current estimates expect it to rise...
Crypto Mining

Paraguayan Bitcoin Mining Companies Hurt by Power Rate Hikes of Over 50% – Mining Bitcoin News

Paraguayan mining companies are taking a hit to their profitability due to the steep power fee hikes the government has established for cryptocurrency...
Crypto Mining

The Latest lolMiner 1.66 Adds support for NEXA Mining as Well

26 Jan 2023 The just updated lolMiner 1.66 has also introduced support for the nexapow algorithm used by the NEXA project, something we kind of...
Harmony Chain

Blockstream Raises $125 Million to Expand Institutional Bitcoin Mining Services

Blockstream, a leading bitcoin infrastructure provider, announced on January 24 that it had raised $125 million in funding to expand its institutional bitcoin...
Bitcoin

Blockstream Raises $125 Million For Bitcoin Mining – Bitcoin Magazine

Blockstream has announced they’ve raised $125 million in convertible note and secured loan financing with the aim of expanding their institutional bitcoin mining...
Avalanche Network

Bankrupt BlockFi to Sell $160M in Bitcoin Mining Hardware Loans: Report

The embattled crypto company has around $160 million in loans backed by 68,000 Bitcoin mining rigs which it needs to sell. The New Jersey-based...
Crypto Mining

Bitcoin mining council Q4 2022 briefing shows a drop in sustainable energy usage

The Bitcoin Mining Council (BMC) recently released its Q4 2022 briefing, showing a current sustainable energy mix of 58.9% – a half percent...
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