Marathon has outlined that at this stage its operations hosted by Compute North will continue to operate as usual, and highlighted an improved BTC mining production in Q3.
Bitcoin Mining News
Bitcoin mining runs Bitcoin’s blockchain. BTC mining is responsible for carrying out transactions, as well as for moving Bitcoin from the asset’s maximum supply into its circulating supply. Bitcoin mining is the peer-to-peer process of adding data onto Bitcoin’s public ledger in order to verify and secure a contract. Groups of recorded transactions are gathered in blocks and then added onto the Bitcoin blockchain.
In short, miners all over the world look to solve complex puzzles on their BTC mining machines in an automated fashion. These machines all compete to find puzzle solutions. When a puzzle is solved, a block is mined and the solver is rewarded a set amount of Bitcoin. A new Bitcoin block is mined every 10 minutes on average. Electrical expenses and other aspects affect Bitcoin mining profitability.
A Bitcoin mining rig is a computer hardware setup designated for BTC mining, whereas a Bitcoin mining farm is a group of mining machines. Mining pools also exist, formed of groups of miners pooling their resources toward a shared mining goal and a shared mining reward.
Grayscale plans to buy mining equipment at discounted prices and offer co-investment opportunities to accredited investors.1207
“We are in a completely different situation in the power market now than when the reduced rate for data centers was introduced in 2016,” said Norway's finance minister.1243
A warehouse in the Netherlands swapped out natural gas for Bitcoin miner heating — saving money, efficiency and the planet.2582
Analysts say Bitcoin miners’ worst days are probably behind them, but the network's soaring hash rate and the uptick in difficulty are weighing on profit margins.3350
The overall security of the Bitcoin protocol, or hash rate, hit a new high of 258 exahash per second despite the price being down over 50% year to date.7265
Bitcoin has plenty of obstacles to weather in the current macro storm as two-year weekly close lows remain inches away.11766
Recent weeks have caused fresh headaches for miners, who at one point were reducing their balances by more than 8,500 BTC per month.3996
Bitcoin mining raises a “set of red flags for any consideration as a sustainable sector,” according to researchers.3133
Some governments can negatively impact Bitcoin's environmental footprint by banning BTC mining, according to new data from Cambridge.3026
Cory Klippsten, the CEO of Swan Bitcoin, shares his views on how "the competition for liquidity" between Bitcoin and Ethereum will play out after the latter's switch to a proof-of-stake system.8353
Iris Energy’s filing suggested the company planned to use proceeds from the sale to fund growth initiatives including purchasing mining hardware and developing data centers.1956
Compute North’s hosting partner Compass Mining has stated that the firm will continue to operate business as usual at this stage.7027
In a recent Twitter Space, Capriole Fund founder Charles Edwards told Cointelegraph that BTC could go lower, but currently reflects “incredible deep value” based on multiple price metrics.6854
A municipality in Norway is using all means necessary to avoid “energy-sucking” Bitcoin miners establishing further operations, citing noise complaints and energy concerns.5354