News
Bitcoin Core developer Jimmy Song said the Taproot upgrade hasn’t lived up to the hype, claiming it has failed to deliver on promised privacy and security features.
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Bitcoin Mining News
Bitcoin mining involves solving complex mathematical puzzles, validating transactions and securing the network. Miners compete to find the correct hash, adding new blocks to the blockchain and earning rewards in the form of newly minted Bitcoin (BTC). Notably, a new Bitcoin block is mined every 10 minutes on average.
Bitcoin mining has undergone a significant evolution since its early days. Initially, miners utilized CPUs and GPUs for mining. As demand increased, specialized hardware called ASICs (application-specific integrated circuits) emerged, drastically enhancing mining efficiency. In recent years, a noteworthy trend has been the shift toward renewable energy sources for mining operations. Miners are increasingly adopting eco-friendly solutions, minimizing the environmental impact of energy-intensive mining processes.
Mining can be done individually (solo mining) or collaboratively in groups (mining pools). Solo miners solve blocks independently, receiving the entire reward. In contrast, mining pools combine computational power, share profits and increase the chances of earning rewards collectively. This collaborative approach has become popular due to its steadier income stream.
- Market Analysis
Bitcoin miners’ current rate of accumulation mirrors a pattern that fueled a 48% rally in 2023, but macroeconomic risks could cap BTC’s gains.
9250 - Explained
A solo miner struck gold with a $373,000 Bitcoin block. With persistence and a stroke of luck, the miner got ahead of millions of competing miners.
- News
The Bitcoin network mining difficulty continues its long-term upward trend, hitting an all-time high of 134.7 trillion on Friday.
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The Eric and Donald Trump Jr.-backed American Bitcoin finished trading at a gain on Wednesday after a turbulent first day on the Nasdaq.
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The Bitcoin miners grew BTC output in August while expanding their operational hash rates more than 100% year-over-year.
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Trading of ABTC was halted five times on Wednesday amid heightened price volatility, with the share pricing surging by 85% intraday.
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KuCoin’s new cloud-mining platform is aiming to control 10% of Dogecoin mining capacity, while offering investors new opportunities to invest in hashrate.
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Gryphon Digital Mining shareholders approve the merger with Trump family-linked American Bitcoin, paving the way for Nasdaq debut under ticker ABTC.
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IREN posted record quarterly revenue of $187.3 million and swung back to profitability, while ramping up GPU capacity through a new Nvidia partnership to fuel AI growth.
5925 - Market Analysis
OG whales have been selling, and Bitcoin miners started selling too. Is the $485 million in BTC sold by miners a red flag or just standard profit-taking?
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Gryphon’s rising share price comes as more crypto companies go public and digital asset regulation in the United States has progressed.
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Labeled for “energy-intensive use cases,” the facilities in Texas, Louisiana and Illinois could support both Bitcoin mining and artificial intelligence workloads.
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UAE’s holdings were previously speculated to be as much as 420,000 Bitcoin from sources such as criminal seizures. The new figures are far less impressive.
14094 - Newsletter
Tariffs slam US Bitcoin miners with nine-figure bills, Polkadot courts Wall Street, SharpLink loads up on ETH and Beijing hints at a yuan-backed stablecoin pivot.
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