Hive Blockchain Buys, Deploys 1,240 Bitcoin Mining Machines, Nearly Doubling Hash Power
The Vancouver firm is targeting 1,000 PH/s in the next 12 months. Source
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Mining
Russian Hydropower Giant Opens Bitcoin Mining Farm
En+, one of the largest aluminium and power producers in the world, is venturing into crypto mining. En+ decided to enter the crypto space after some experimentation in the field, the firm’s chief financial officer, Mikhail Khardikov, told CryptoX via a spokesperson. Three years ago the company got mining firm BitRiver
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Bitcoin’s Mining Difficulty Sees Largest Percentage Drop in 9 Years
Bitcoin’s mining difficulty just recorded its largest percentage decrease since the advent of ASIC mining machines in late 2012, dropping by just over 16% and giving miners a reason to celebrate as their profitability is set to increase significantly.Difficulty dropped to 16.787 trillion at around 9:00 UTC on Tuesday, its
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US Bitcoin Mining Firm Layer1 in Legal Tussle Over Power Plant Ownership
Bitcoin miner Layer1 Technologies has been dragged into a lawsuit from a co-founder who claims he invested millions of dollars and was then forced out of the firm.In a complaint filed in the District Court in the Western District of Texas Pecos Division, the plaintiff, Jakov Dolic, sets out that
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Bitcoin Mining Firm Hut 8 Appoints Jaime Leverton as CEO
Interim CEO Jimmy Vaiopoulos will return to his role as CFO. Source
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‘ASIC Financing’ Is Driving Down Bitcoin Mining Profitability
Bitcoin mining profitability is in the basement, seeing all-time lows in 2020.Conversely, Bitcoin's hashrate has surged throughout 2020, propelled in part by mining farms financing new hardware to boost their operations.Bitcoin's hashrate has taken a dip as China's wet season comes to an end, but mining professionals predict this will
Read MoreHow to build a crypto mining rig in 2020 to earn Bitcoin and Ether
In a time of global crisis, a pandemic, and a generally unstable political and social environment, cryptocurrencies have shown remarkable stability. Moreover, the pandemic-induced economic downturn played into the hands of the industry by not only attracting professional cryptocurrency traders but also reviving mining as a way of generating passive
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New Firm Plans Largest Bitcoin Mining Firm in Russia
MineSpot, a company previously unknown in the crypto mining industry, said it is opening a 160-megawatt mining venue in the middle of Siberia that would be the largest mining farm in Russia.The venue is located near the Boguchany Dam in East Siberia, in the town of Kodinsk. It will occupy
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New Service Matches Solo Bitcoin Miners With Mining Farms
A first-of-its kind service wants to play matchmaker between big-scale mining facilities and individual miners looking for a hosting setup.Bitcoin mining company HASHR8 just launched its Compass platform, a search engine of sorts for individual miners to shop for a hosting facility to operate their mining hardware for them. While
Read MoreAlarming growth of difficult-to-detect ‘Lemon Duck’ crypto mining botnet
Since the end of August, cybersecurity researchers have identified increased activity on a crypto mining botnet called “Lemon Duck”.The botnet has been around since December 2018, however a big jump in activity over the past six weeks suggests that the malware has infiltrated many more machines in order to harness
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