News
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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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.
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ABTC shares plunged by more than 50% in early trading as the broader crypto market downturn triggered a sharp repricing of mining and treasury stocks.
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Canaan has been steadily investing in renewable energy projects, with a gas-to-computing pilot in Canada and a deal to deploy miners at a wind-powered data center in Texas.
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Mining revenue hits structural lows as hashprice sinks, costs rise and payback periods stretch past 1,000 days, squeezing even the largest operators.
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Bitcoin miners caught a break on Thursday as difficulty dropped, but the relief may be short-lived if it rises in December, as forecast.
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The fire forced the facility to go offline to maintain safety, but none of the company's mining hardware was damaged in the incident.
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Bitcoin mining faces record competition as solo and hobbyist miners stage a comeback using new mining strategies.
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Turkmenistan has passed a sweeping crypto law that legalizes the industry but tightly controls it through licensing and the potential use of state-run ledgers.
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Bitcoin’s miner margins and NVT metric indicated a bottom range, but a final downside sweep remains possible.
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Mining margins weakened as hash prices declined and rig payback periods stretched, even as listed miners rallied on analyst upgrades and new HPC agreements.
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A solo Bitcoin miner earned 3.146 BTC worth $266,000 with a computing power of only 1.2 TH/s, beating massive odds.
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US authorities are investigating Chinese Bitcoin mining hardware giant Bitmain over potential national security risks tied to alleged remote capabilities, according to Bloomberg.
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Shares in Canaan jumped 20% on Tuesday as the Bitcoin mining hardware maker reported its third-quarter revenues doubled from last year.
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Bitcoin miner Bitfury started up in 2011, but has now pivoted to tech investing and will pour $1 billion into ethical AI and crypto startups.
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HIVE Digital has reported record revenues for its latest quarter, spurred by rising Bitcoin prices and an expansion of its mining fleet.
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