Foundry USA Pool – the largest Bitcoin mining pool by hash rate – recently took action to return an 8.18 BTC transaction …
Mining
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According to data provided by CoinWarz, Bitcoin mining difficulty has reached a new record high of 109.78 trillion. The latest positive difficulty …
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Mining
Bitcoin Breaks Barriers: Network Hashrate Smashes 800 EH/s as BTC Eyes New Price Highs
by shayaanby shayaanAccording to the latest stats, Bitcoin’s network hashrate has soared past the 800 exahash per second (EH/s) mark, based on the seven-day …
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Though the month isn’t quite over yet, bitcoin miners have already outperformed their November earnings, amassing $1.33 billion in December with two …
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Mining
Today’s PoW Mining Marvels: Scrypt Takes the Throne as 2024’s Top Algorithm
by shayaanby shayaanDuring the opening week of the year, the Kheavyhash algorithm—used for mining kaspa (KAS)—topped the profitability charts among proof-of-work (PoW) algorithms. Fast …
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Bitcoin miner Hut 8 has unveiled a $500 million equity offering to bolster its operations and create a Bitcoin (BTC) strategic reserve. …
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Mining
Kyrgyzstan crypto mining tax collection falls 50% year-over-year in 2024
by shayaanby shayaanA report on the 2024 Kyrgyz government revealed crypto mining taxes contributed only around $535,000. This value dropped by nearly half compared …
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Mining
Coin Metrics: New Tech Reshapes Bitcoin Mining Landscape Amid Post-Halving Hangover
by shayaanby shayaanThe 2024 bitcoin halving event sparked major changes in the mining scene, according to the latest “State of the Network” report by …
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Donald Trump’s “Made in USA” Bitcoin pledge is hitting the hard wall of blockchain reality. Back in June, the ‘crypto president’ posted …
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Mining
Ethiopia’s Bitcoin mining surge now accounts for 2.5% of global hash rate
by shayaanby shayaanEthiopia is emerging as a significant player in Bitcoin mining, with local operations now accounting for 2.5% of the global hash rate. …