Crypto Evening Briefing: Hong Kong Chief Executive Emphasized That the Current Development of Web3.0 Presents a Golden Opportunity
In the face of the trend towards Web3.0, Hong Kong must be brave enough to become leaders in this wave of innovation.
CleanSpark Buys $144.9M of Bitcoin Mining Rigs to Double its Hashrate
CleanSpark, a crypto miner, has acquired 45,000 new Bitmain Antminer S19 XPs for $144.9 million, which will nearly double its current computing power, or hashrate, according to a press release. Once delivered and installed, the Antminers will add over 6.3 exahash/second (EH/s) of computing power to CleanSpark's fleet of 6.7 EH/s. The first batch of 25,000 rigs will be ready for delivery in August, and the rest are scheduled for September. CleanSpark aims to have 16 EH/s of computing power by the end of the year. The acquisition announcement comes as bitcoin crossed $30,000 for the first time in nearly a year.
Bitcoin's Energy Transparency Offers Unique Insight, But Value vs Energy Debate Overlooks Potential Benefits, says Hut 8 CEO
The transparency of Bitcoin's hashrate, which captures the computational force being used across the network, creates a degree of transparency innate to Bitcoin mining, according to Hut 8 CEO Jaime Leverton. This transparency allows for easy tracking of Bitcoin miners' energy usage, unlike the traditional banking system or hard metal mining.
Bitcoin Miner Sphere 3D Sues Partner Gryphon Digital
Bitcoin mining firm Sphere 3D (ANY) is suing its business partner Gryphon Digital Mining for losing $500,000 of its bitcoin in<b> </b>a spoofing attack and failing to act in the best interest of the firms' partnership.
Hut8’s Bitcoin Production Decreased 30% in Q1
Bitcoin miner Hut 8’s mined BTC declined 30% during the first quarter as its production fell to 131 BTC in March from 188 BTC recorded in January.
Bitcoin Miner Revenue Climbed 20% in March
Bitcoin miners notched another month of growing revenue, according to The Block Research.
BTC Miner TeraWulf Grew Revenue Over 140% in Q4’22
Bitcoin mining company TeraWulf has reported 146% revenue growth during Q4 2022 compared to Q3, according to its annual report. The company grew its revenue from $3.9 million to $9.6 million by expanding its mining operations and adding an extra 110 MW of mining infrastructure. TeraWulf plans to add another 50 MW in the next three months to increase its total capacity to 150 MW by the end of Q2 2023.
Bitcoin Miner Stronghold Raises Year-End Hashrate Guidance to 4 EH/s
Stronghold, a Bitcoin mining company, has raised its year-end hashrate guidance to 4 exahashes per second (EH/s). The hashrate refers to the total computing power used to mine Bitcoin and other cryptocurrencies, and is a key metric for measuring the overall strength and security of the network.
Investigating the Cost of Bitcoin Production
The Bitcoin difficulty adjustment is one of the most remarkable of Satoshi's innovations, creating a system that autonomously seeks equilibrium in the mining sector. In this article, we estimate the cost of production, and derive several metrics describing the cyclical nature of the mining market.
Bitcoin Miners' Revenue From Fees Rises Suggesting the Onset of Major Bull Run
Bitcoin's (BTC) 60% year-to-date surge may be only the first milestone in its upward journey, as miner revenues from transaction fees are rising.
