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2022-10-29 12:18:02 Bitcoin Miner Compass to Host 27MW Worth of Mining Rigs at Solar-Powered Startup

Bitcoin mining hosting and brokerage services firm Compass Mining will place 27 megawatts (MW) worth of bitcoin miners at the Texas facility of solar-powered mining startup, Aspen Creek Digital Corp. (ACDC).

Compass will host about 9,000 Antminer S19 XP and S19j Pro units at the facility on behalf of its clients starting in the fourth quarter of this year, according to a statement. Aspen Creek’s Texas facility has a total of 30MW worth of mining capacity, making Compass the largest hosting client for the start-up miner. Hosting is a service that data centers provide to crypto miners so that customers can store their mining rigs and mine digital assets for a fee

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2022-10-28 14:17:02 Aspen Creek Digital and Compass Mining to Host Thousands of Bitcoin Mining Rigs at Texas Solar Farm

On October 26, the bitcoin mining operator Aspen Creek Digital Corporation (ACDC) announced that the company has commenced operations at its solar farm-powered high performance computing center (HPCC) in Texas. ACDC further detailed that the company inked a deal with the firm Compass Mining in order to host 27 megawatts.

According to the bitcoin mining company Aspen Creek Digital Corporation (ACDC), the firm’s second HPCC has started operations in Texas. ACDC and Compass will be collaborating at the facility, as Compass plans to host 27 MW of capacity or about 9,000 Bitmain-crafted application-specific integrated circuit (ASIC) bitcoin miners. The Texas-based HPCC is ACDC’s second bitcoin mining data center, as it operates a 6 MW facility tied to a solar farm in west Colorado.

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2022-10-27 18:56:02 Bitcoin Miner Cleanspark Raises Year-End Outlook by 10%, Firm's Hashpower Surpasses 5 EH/s

On October 25, the bitcoin mining operation Cleanspark announced that the firm’s hashrate now exceeds 5 exahash per second (EH/s), a milestone achieved more than two months ahead of the company’s original year-end goals. Cleanspark says it now aims to surpass 5.5 EH/s by the year’s end by increasing the miner’s hashrate goal by 10%.

Cleanspark (Nasdaq: CLSK) announced on Tuesday that the bitcoin miner has surpassed its year-end goal to maintain 5,000 petahash per second (PH/s), which equates to 5 EH/s. The company intended on meeting the 5 EH/s goal by the end of 2022, and now it plans to add an additional 10% of hashrate to the year-end guidance. The news follows the company completing the acquisition of Mawson Infrastructure Group’s Georgia-based bitcoin mining facility, a data center that came with 6,500 mining rigs.

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2022-10-26 14:39:02 Bitcoin’s Mining Difficulty Jumps 3.44% Higher Reaching Another Lifetime High

Bitcoin recorded another mining difficulty rise on Sunday, October 23, 2022, at block height 760,032 rising 3.44% higher. This means that not only is it 3.44% harder to find a bitcoin block subsidy, the network’s mining difficulty has also reached another all-time high (ATH) by tapping 36.84 trillion.

The rise on Sunday follows the 13.55% increase Bitcoin’s difficulty recorded on October 10, 2022, at block height 758,016. The 13.55% increase was 2022’s largest Bitcoin difficulty rise, and it took place as BTC’s total hashrate reached an ATH on October 11, 2022, at block height 758,138. The network’s difficulty has reached a lifetime high at 36.84 trillion, following the 3.44% shift on Sunday evening (ET).

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2022-10-25 04:13:02 Mining data center developer Soluna to raise $2 million in equity as shares fall 40%

Crypto mining data center developer Soluna Holdings has seen its stock drop more than 40% since Friday when it put forward an equity capital raise. The deal is priced at $1.44 per share, with the 1,388,889 shares totaling $2 million, the company said Monday.

The new capital will be put towards the "acquisition, development and growth of data centers, including cryptocurrency mining processors," including its site in Texas. The company is currently developing a 50-megawatt data center connected to a wind farm in that state, which is expected to go online in the last quarter of 2022, the company said on its website.

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2022-10-24 09:46:02 Low hash price, soaring energy costs spell tough Q3 for Bitcoin miners

The third quarter of 2022 has not been any kinder to Bitcoin mining operators in North America and Europe.Energy problems in North America and Europe and prevailing market conditions have spelled another bleak quarter for Bitcoin mining operators on both continents.

Hash price is the measurement used by the industry to determine the market value per unit of hashing power. This is measured by dividing the dollar per terahash per second per day and is influenced by changes in mining difficulty and the price of BTC.As Hashrate Index reports, Bitcoin’s hash price was afforded some reprieve in the middle of Q3 as heat waves during the American summer led to a drop in hash rate, which corresponded with a slight BTC price recovery.

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2022-10-23 14:35:04 Bitcoin Mining Revenue in Russia Grew 18 Times in 4 Years Before ‘Worst Quarter’

Russian revenues from the minting of bitcoin saw a multifold increase in the past few years before declining significantly since this past spring. The findings come from a new study which also established that the sector was growing during both ups and downs in the crypto market.

The revenue from bitcoin mining in Russia has increased 18 times between 2017 and 2021, according to a new report by computing hardware distributer Intelion Data Systems, quoted by RBC Crypto. During the period, the total grew from 7 billion rubles in first studied year (below $114 million, at current exchange rates) to 128 billion rubles in the last (over $2 billion).

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2022-10-22 21:36:02 Argentina Dismantles Illegal Crypto Mining Operation, Apprehends 40

Argentina’s tax collection agency (AFIP), together with the government of Buenos Aires province, arrested 40 people after 70 raids that took down an illegal crypto mining operation, the government announced Thursday. The AFIP located a shed allegedly used for crypto mining.

The AFIP located a shed allegedly used for crypto mining, “with a large number of video boards along with racks and sources required for their connection,” the agency said, adding that it seized “significant amounts of cash and crypto mining equipment.” In September, AFIP started carrying out inspection and control tasks against the crypto industry for the first time.

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2022-10-21 13:18:02 Bitcoin mining remained unprofitable throughout Q3

Bitcoin (BTC) miners had a rough third quarter, with the cost of mining increasing, although BTC’s price continued to fall, according to the Hashrate Index report.According to the report, the rate at which public miners sold mined BTC dropped for the first time since May.

The best sign of how unprofitable the quarter was is the hashprice. This is revenue that miners make per unit of hashing power, and it has been in free fall since the year began. The hashprice of Bitcoin continued to fall after Bitcoin price dropped below $20,000 again. With the mining difficulty rising, hashprice slipped in the third quarter, dropping 5% from $79.60/PH/day to $83.30/PH/day. The hash price has fallen by 73% on an annual basis to $79.60/TH/day n the third quarter from $290.40/PH/day a year ago.

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2022-10-20 15:06:02 EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy

Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been trying to lower. New energy efficiency labeling is to address the growing electricity usage in the crypto sector.

The European Union plans to introduce a label for energy efficiency in efforts to counter the growing electricity consumption in data centers such as those mining cryptocurrencies. According to Bloomberg, the EU will also urge member states to target crypto miners’ energy usage as it seeks to navigate the winter with far less Russian gas and other energy than before the sanctions imposed over the war in Ukraine.

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