Bitcoin Mining Difficulty Hits New All-time High with 4.7% Rise
Bitcoin’s mining difficulty level rose 4.68% on Sunday, hitting an all-time high, as the networks’ hashrate also continued to increase. The mining difficulty reading came in at 39.35 trillion at block height 774,144 in Sunday’s biweekly adjustment, following a 10.26% rise in the previous adjustment on Jan. 16, according to data from BTC.com. (forkast)
Data Shows 50% Of Bitcoin Hashrate Controlled By Two Mining Pools
Bitcoin hashrate is becoming highly centralized, with a few mining pools controlling most of the blockchain mining power. The latest data from Mempool indicates that 50% of the total hashrate is held by Foundry USA and Antpool.
Bitcoin Mining Network Hits New Record Hash Rate Above 300 EH/s
According to Bitcoin mining data tracking website MiningPoolStats, Bitcoin’s hash rate hit a new record high earlier this week. According to the website, the network reached the milestone of computing three hundred quintillion (300,000,000,000,000,000,000) hashes per second (300 EH/s).
Marathon Forms Abu Dhabi Bitcoin Mining JV; Initial Project of 250MW
Crypto miner Marathon Digital is forming a joint venture with FS Innovation in Abu Dhabi to create and operate mining facilities.
New York Bitcoin Mining Facility Slapped With $10,000 per Day Fine
US Bitcoin Corp – a North American Bitcoin mining firm – has been ordered to cease operations by a State Supreme Court Justice, or face penalties of $10,000 per day.
U.S.’ First Nuclear-Powered Bitcoin Mining Center To Open in Q1
The U.S. will open its first nuclear-powered data center offering Bitcoin mining in the first quarter of the year. The Cumulus Susquehanna data center in Pennsylvania has been completed by Cumulus Data, a subsidiary of independent power producer Talen Energy.
Mississippi and Missouri Introduce Bills for Bitcoin Mining and Node Protection
Mississippi and Missouri state legislators have submitted bills that aim to formally safeguard the rights of citizens to mine Bitcoin and operate Bitcoin nodes.
Bitcoin Hash Rate at Near All-Time High despite Rising Mining Difficulty
The Bitcoin hash rate is trending at near all-time highs, per on-chain data on January 20, 2023.
Bitcoin Mining Council Q4 2022 Briefing Shows a Drop in Sustainable Energy Usage
The Bitcoin Mining Council (BMC) recently released its Q4 2022 briefing, showing a current sustainable energy mix of 58.9% – a half percent decrease from the previous quarter’s 59.4% figure. The BMC was formed in May 2021 in response to Tesla’s U-turn on accepting Bitcoin for payment over claims the network is powered mainly by coal. Tesla CEO Elon Musk had deemed coal the most polluting of all fossil fuels, triggering his decision. In response to the snub, Bitcoin’s price sunk 48%, bottoming at $30,200 two weeks later, highlighting the severity of the incident. Further, public backlash against Musk heightened, with many blaming him for the sharp price correction. (cryptoslate)
Bitcoin Miner GRIID’s NYSE Arrival Delayed Again
The merger between Bitcoin mining firm GRIID and a blank-check company has been delayed again.
