https://t.me/Mining_Crypto_Miner

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2022-09-29 10:33:02 Bitcoin Mining Difficulty Sees First Decrease in 2 Months

The fall comes amid a drop in Bitcoin price which has hampered the profitability of the mining process. On-chain data shows that Bitcoin’s mining difficulty was lowered to 31.36 trillion hashes at a block height of 756,000. Despite this, the Bitcoin ecosystem is still guarded by the most secure blockchain network.

According to data from BTC.com, the Bitcoin mining difficulty adjustment decreased by approximately 2.3% on September 28th. The latest decline comes two weeks after the figures tapped an all-time high of 32.04 trillion hash after four consecutive increases. The price of the crypto-asset managed to surge past $20,000 yesterday, during which ensued a mass profit-taking session as certain sections of traders resorted to offloading their bags.

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2022-09-28 19:54:02 Nuclear and gas fastest growing energy sources for Bitcoin mining: Data

The electricity mix of Bitcoin (BTC) has drastically changed over the past few years, with nuclear energy and natural gas becoming the fastest growing energy sources powering Bitcoin mining, according to new data. The Cambridge Centre for Alternative Finance (CCAF) on Tuesday released a major update to its Bitcoin mining-dedicated data source.

According to the data from Cambridge, fossil fuels like coal and natural gas made up almost two-thirds of Bitcoin’s total electricity mix as of January 2022, accounting for more than 62%. As such, the share of sustainable energy sources in the BTC energy mix amounted to 38%. The new study suggests that coal alone accounted for nearly 37% of Bitcoin’s total electricity consumption as of early 2022, becoming the largest single energy source for BTC mining.

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2022-09-27 15:30:29 Jihan Wu-Backed Crypto Miner Bitdeer Acquires 'Singapore’s Fort Knox' for $28.4 Million

Sources have disclosed that the digital currency mining operation, Bitdeer Technologies, has purchased a high-security storage and display facility in Singapore called Le Freeport for $28.4 million. Bitdeer’s chairman, Jihan Wu, confirmed the vault acquisition via a text message following the reports that revealed the mining firm purchased Le Freeport.

After the co-founder of Bitmain Technologies Jihan Wu left the company, he co-founded a firm called Matrixport and he’s also the chairman of Bitdeer Technologies. According to a report published by Bloomberg, that cites sources familiar with the matter, Bitdeer paid S$40 million ($28.4 million) for the maximum security vault known as Le Freeport. The vault was originally constructed to be similar to the high-security storage.

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2022-09-26 21:16:02 Compute North Files for Bankruptcy as Crypto-Mining Data Center Owes up to $500M

Compute North, one of the largest operators of crypto-mining data centers, filed for bankruptcy and revealed that its CEO stepped down as the rout in cryptocurrency prices weighs on the industry. The company filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.

Compute North in February announced a capital raise of $385 million, consisting of an $85 million Series C equity round and $300 million in debt financing. But it fell into bankruptcy as miners struggle to survive amid slumping bitcoin (BTC) prices, rising power costs and record difficulty in mining bitcoin. The filing is likely to have negative implications for the industry. Compute North is one of the largest data center providers for miners.

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2022-09-25 17:06:02 Bitcoin Miner Cipher Looks to Sell Up to $250M in Stock

Cipher Mining (CIFR) is looking to sell up to $250 million in stock from time to time in what is known as an "at-the-market” (ATM) offering. Bitcoin miners have been struggling this year as the price of bitcoin has dropped by about 60% and energy prices soar across the world. Despite these headwinds.

Earlier on Friday, miner Iris Energy (IREN) announced a deal with investment bank B. Riley to sell up to $100 million of equity. Investment bank H.C. Wainwright will act as a sales agent for Cipher's stock, according to a Friday filing with the U.S. Securities and Exchange Commission. Cipher Mining's stock was up by about 2% in Friday's trading on the Nasdaq. some of them are back on the market to raise capital needed to fund their development.

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2022-09-24 15:32:02 Bank of Russia, Finance Ministry Agree on Crypto Mining Regulation, Law Expected Soon

The Central Bank of Russia (CBR) and the Ministry of Finance (Minfin) have adopted a joint position on the regulation of crypto mining. The bitcoin-related activity has been expanding in the energy-rich nation, both as a profitable industry and as a source of additional income for many Russians. Anatoly Aksakov, chair of the parliamentary Financial Market Committee.

The Russian lawmaker also gave his own take on the matter. Aksakov believes that cryptocurrency mining should be allowed only in regions with abundant energy resources and prohibited in those that experience shortages. Earlier in September, Prime Minister Mikhail Mishustin asked the CBR, Minfin, Rosfinmonitoring, Russia’s financial watchdog, the Federal Tax Service, and the Federal Security Service to elaborate a common position on draft federal laws regulating the issuance and circulation of digital currencies.

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2022-09-24 09:59:23 Crypto Mining News pinned a photo Open / Comment

2022-09-24 09:59:20 Bitcoin/Crypto Mining News

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2022-09-23 17:15:05 World’s Largest ASIC Producer Bitmain Slashes Antminer Bitcoin Mining Rig Prices

The world’s largest producer of application-specific integrated circuit (ASIC) bitcoin miners, Bitmain Technologies, has revealed the company is offering a discount on Antminer S19 Pro mining rigs. The 100 terahash per second (TH/s) machine is selling for $19 per terahash or $1,900 per unit. The Antminer mining rigs are 80% cheaper than they were five months ago on March 28.

Amid the crypto winter and the crypto economy’s market capitalization hovering around $927.21 billion, Bitmain Technologies has decided to sell its Antminer S19 Pro mining rigs at a discount. At the same time, the price of bitcoin (BTC) is down 5.52% during the last seven days and is currently trading for under $20K per unit. The cryptocurrency network’s mining difficulty is at an all-time high and the network’s hashrate is coasting along today at 223.73 exahash per second (EH/s).

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