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Mining
Bitcoin Advocate Says ASIC Devices’ Inflexibility Makes AI Involvement Unlikely for Bitcoin Miners
According to Joe Downie, the chief marketing officer at Nicehash, bitcoin miners struggling to stay afloat after the halving are unlikely to support or become involved with artificial intelligence…
Bitcoin Miner Marathon Digital Misses Q1 Revenue Expectation On Operational Challenges
Marathon Digital (MARA), one of the largest bitcoin miners, missed consensus first-quarter revenue expectations due to operational challenges it faced during the quarter. The company mined just 2,811…
Bitcoin Mining Difficulty Is Plummeting—Here’s Why
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Post-Halving, Bitcoin Difficulty Drops Significantly; Hashrate Dips Below 600 EH/s
The Bitcoin network experienced its second difficulty adjustment post-halving and the most significant reduction this year. Additionally, the network’s total hashrate fell below the 600 exahash per…
Canaan Inc. Releases Avalon A15 Series A1566 Model, Redefining Bitcoin Mining
Canaan Inc. announces the release of the new Avalon A15 series A1566 model, a technical breakthrough in Bitcoin mining. The revamped features and upgraded performance of the A1566 model machine will…
Argentina Energy Provider Seals New Bitcoin Mining Deal
Argentina’s state-run energy provider has completed a new Bitcoin (BTC) mining deal that will see the firm use associated gas to power 1,200 ASIC mining rigs in Patagonia. Per the Spanish-language…
Hut 8’s Bitcoin Mining Output Drops 36% to 148 BTC in April
North American bitcoin miner, Hut 8, said it mined 148 bitcoins, or 36% coins less in April than it did in March. Hut 8 primarily attributes the decrease in the number of mined bitcoins to the…
Tether partners with Swan to expand Bitcoin mining operations
Ad Stablecoin issuer Tether has expanded its mining endeavors by collaborating with Swan’s Managed Bitcoin Mining service. According to the press statement, the firm has dedicated an undisclosed…
Bitcoin-based Apps Contributing Significant Portion of Miners’ Income
The fourth Bitcoin halving event has significantly cut down miners’ rewards by 50%. However, the surge in the dApp activity on the Bitcoin blockchain has provided miners enough relief in terms of…