Bitmain and BTC Digital signed a purchase agreement for 2,000 T21 mining machines, with a total amount of US$5.32 million.
Bitmain has signed an agreement with Bitcoin mining company BTC Digital to sell 2,000 T21 mining machines for a total of $5.32 million. The related equipment is expected to be delivered and put into operation in the first half of 2024. It is reported that BTC Digital plans to deploy these high-performance mining machines in the United States. After the deployment is completed, the company will have a total of 4,174 mining machines and a total computing power of 614PH/s.
Cipher Mining mined 465 BTC in December, sold approximately 228 BTC
Bitcoin mining company Cipher Mining Inc. released unaudited production and operation updates for December 2023 today. Cipher produced approximately 465 BTC in December, an increase of about 7.4% from the previous month. Cipher sold about 228 BTC in December, with a balance of approximately 796 BTC at the end of the month.
Bitfarms mined 446 BTC in December and 4,928 BTC for the year
Bitfarms Ltd., a Bitcoin mining company, released updates for the month and year ending December 31, 2023. The production in December was 446 BTC, an increase of 13.8% from November. The total amount of BTC mined in 2023 was 4,928.
Bitcoin Computing Power Hits Record High, Reaching 455 EH/S
Bitcoin's computing power broke the previous record on October 12, 2023. Measured by the 7-day simple moving average (SMA), it has soared to 455 exahashes per second (EH/s), which is impressive. From this perspective, on January 1, 2023, the computing power hovered around 261 EH/s. This means that in less than a year, it has leaped by 194 EH/s.
Samsung Is Already Using the 3nm Process to Manufacture Cryptocurrency Mining Chips
South Korean IC design company ADTechnology has announced that Samsung Foundry has received an order to manufacture server CPUs for an unnamed overseas company using 3nm process GAA transistor architecture. According to Samsung's product roadmap, there are at least three types of 3nm process (SF3E, SF3, SF3P) that use GAA transistor architecture.
Kentucky Approves $4 Million in Electricity Discounts for Bitcoin Mining Company Bitiki-KY
The Public Service Commission of Kentucky has approved over $4 million worth of electricity discounts for local mining company Bitiki-KY, making the state a more attractive destination for bitcoin miners seeking affordable energy options. Bitiki agreed to invest $25 million in its facilities and create five new jobs in exchange for the discounts, which will be allocated for the first five years of the contract. <br>
Bitcoin Block Space Demand Decreases, Affecting Miners' Revenue
Bitcoin miners are experiencing a decrease in revenue due to a decline in demand for block space. Glassnode's block size chart shows a surge in size in February, but this was short-lived and followed by a decline. The introduction of inscriptions through Bitcoin Ordinals initially increased block size and fees, but a subsequent reduction in inscription volume has led to a more subdued state for block space and miner earnings.
Bitcoin Miners' Position Changes and Their Impact on Market Dynamics
Bitcoin miners hold significant power in the cryptocurrency market as their decisions to hold or sell Bitcoin can impact supply and demand. Recent data shows that miners have been increasing their Bitcoin positions, indicating a positive outlook. However, it remains to be seen how negative position changes will affect price volatility. In July, a sudden accumulation of over 451 BTC within four days could provide insight into this question.
MIT Researchers Argue Bitcoin Mining Needs More Studies to Avoid Greenwashing
According to a new research paper from MIT, claims by Bitcoin miners that they provide a net benefit to the power grid and use renewable energy should be examined more closely. The paper cites an agreement between large flexible load operators in Texas and the state’s energy operator, ERCOT.
Bitcoin Miners Hold onto Coins as Transaction Fees Drop, Accumulating Assets Instead
Bitcoin miners are holding onto their coins despite a drop in the percentage of miner revenue derived from fees to a three-month low. Although there has been an increase in transaction volume on the Layer 1 network, total fees paid to process transactions on the Bitcoin network have fallen by 38% since March to reach their lowest point in four months. The mean fee paid per transaction on the Bitcoin network reached a high of $30.36 on 8 May due to an uptick in trading volume, but has since dipped as transaction activity returned to normal after the hype around Ordinals NFTs collection faded. A code using the adpushup library triggers ads on different platforms such as desktop, mobile, and tablet, with each platform having a unique ad ID assigned to it.
