The top 14 crypto mining companies hold a total of 38,903 Bitcoins, and their total holdings are far less than MicroStrategy
According to a report released by CoinGecko, as of November 1, 2023, the top 14 listed Bitcoin mining companies held a total of 38,903 BTC, which accounted for 0.18% of the BTC supply, much lower than MicroStrategy's 152,333 BTC holdings.
Currently, the top 14 Bitcoin mining companies hold a total of 38,903 BTC. However, this only accounts for 0.18% of the maximum Bitcoin supply (21 million), far lower than MicroStrategy's 152,333 BTC holdings.
Marathon Digital, Hut 8 Mining Corp, and Riot Platforms are the top three listed Bitcoin mining companies with the most Bitcoin holdings. These three companies collectively hold 30,401 BTC, accounting for 78% of the total BTC holdings of leading mining companies.
The top three Bitcoin mining companies each hold more than 3,000 BTC. In contrast, the remaining 11 companies each hold less than 3,000 BTC, with a total of 8,502 BTC.
On-chain perpetual contract protocol Equation launches position mining
According to official sources, on November 6th, the on-chain perpetual contract protocol Equation will officially launch position mining at 6:00 PM (UTC+8). Users who hold contract positions on Equation will receive Equation's ecosystem token EQU as a position mining reward. The specific reward amount will be positively influenced by the position size and holding time. Currently, the daily release amount of EQU is 10,000, of which 50% will be allocated to position mining, and other mining categories will be proportionally diluted. <br>
Bitcoin mining giant Riot Platforms faces boycott in Texas
Riot Platforms, a Bitcoin mining giant listed on Nasdaq, has been opposed by local grassroots organization "Texas Coalition Against Blockchain Mining" and non-profit organization Greenpeace in Texas. Riot Platforms had originally planned to establish a large-scale mining facility in the area, which is said to cover 265 acres and go live in the fourth quarter of this year. It is currently unclear whether this opposition will affect Riot Platforms' scheduled launch.
40+ Crypto Mining Companies Lobby U.S. Lawmakers to Clear Up Environmental Misconceptions
Executives and lobbyists representing more than 40 cryptocurrency mining companies visited dozens of offices in the US House of Representatives, mainly members of the Energy and Commerce Committee. The aim was to lobby US lawmakers to eliminate environmental "misconceptions", steer policy narratives away from negative environmental claims, and see mining as beneficial to the economy and security.
Perianne Boring, CEO of the Chamber of Digital Commerce, said: "The core message we conveyed to congressional offices today is that bitcoin mining is helping to achieve and advance US energy security and national security."
Amanda Fabiano, former head of mining at Galaxy Digital, pointed out that the arguments that resonated with lawmakers included job creation from mining and progress in US innovation.
Mining machine manufacturer Shenma released new product Shenma M60 series at the Dubai Blockchain Summit
On October 25th, cryptocurrency mining machine manufacturer Shenma released its new product, the Shenma M60 series, at the Dubai Blockchain Summit. According to Kevin Zhang, Vice President of Cryptocurrency Mining Company Foundry, the various models and computing power data of the latest Shenma M60 series are as follows:
M60 150-172T 19.9J/T;
M63 334-366T 19.9J/T;
M66 240-276T 19.9J/T;
M60S 170-186T 18.5J/T;
M63S 360-390T 18.5J/T;
M66S 270-298T 18.5J/T.
Pennsylvania House Representative Removes Two-Year Crypto Mining Ban from Energy Conservation Bill Amid Pressure from Trade Unions
A bill to regulate crypto mining's energy consumption in Pennsylvania has had a two-year moratorium on new and renewed permits removed, after a state representative claimed he was pressured by trade labour unions. The Cryptocurrency Energy Conservation Act was passed by the Pennsylvania House Environmental Resources and Energy Committee by a slim margin of 13-12.
Hut 8 Produced 116 Bitcoins in July, With a Total Holding of 9,152
On August 12th, Hut 8 Mining, which is listed on Bitcoin, produced 116 bitcoins from mining in July, and the current total holding of bitcoins has reached 9152. In addition, Hut 8 sold 50 bitcoins in June and July, earning a total of $3.9 million in revenue.
Bitcoin Network's Energy Efficiency Improves Dramatically, Study Finds
Bitcoin's energy efficiency has long been a concern due to the high energy consumption of mining activities. However, a new report by Coinmetrics shows that Bitcoin's energy efficiency has improved significantly in the past five years. The report also reveals that three mining rig models, including Antminer S19j Pro, Antminer S19 XP, and Antminer A19, account for 76% of the Bitcoin network's computing power. Additionally, the report notes that Bitcoin miners are increasingly turning to renewable energy sources, with 74.1% of Bitcoin mining power coming from renewable energy, according to a study by CoinShares.
WOW EARN Launches Multi-Chain Crypto Wallet with NFT Integration and Enhanced Security Services
WOW EARN, a new DeFi platform for mining, has launched a multi-chain crypto wallet for smartphones that has been downloaded over 300,000 times since its release on May 29th. The WOW EARN Wallet supports over 100 payment methods in more than 150 countries and regions, and currently supports 13 public chains and over 80 digital assets.
Canadian Lawmakers Recognize Blockchain and Crypto as Innovative Industries in Need of Better Regulation
June 29 (Cointime) - Canadian lawmakers have recognized blockchain, crypto, and mining as innovative industries with significant long-term potential, but in need of better regulation. The Canadian House of Commons Parliamentary Standing Committee on Industry and Technology completed a comprehensive study that examined blockchain and crypto use cases in the country, holding five meetings, hearing 31 witnesses, and receiving six briefs.
