Gomining Launches Foundation to Drive Innovation in Bitcoin L1 and L2 Projects

October 1, 2024 Bitcoin.com

Bitcoin

The GoBTC Foundation, established by Gomining, has been officially launched to strengthen Bitcoin’s onchain ecosystem. The foundation’s creation aims to support initiatives that foster greater transaction activity and ecosystem growth. Foundation Established to Foster Bitcoin’s Infrastructure Growth Gomining states that the GoBTC Foundation operates as a vertically integrated entity, focusing on Bitcoin’s layer one (L1) […]

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September Slump: Bitcoin Miners See 2024’s Lowest Revenue

October 1, 2024 Bitcoin.com

Bitcoin Miners

According to the latest data, bitcoin miners pulled in $815.7 million from rewards and fees in September, marking their lowest earnings month of 2024, with $35.66 million less than August’s haul. Bitcoin Miners Earn $815.7M in September, Lowest Monthly Total of 2024 September was a tough month for bitcoin miners, who saw their lowest revenue […]

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Hashprice Gains Give Bitcoin Miners a Much-Needed Boost After Sluggish Month

September 30, 2024 Bitcoin.com

Bitcoin mining

Bitcoin miners are finally catching a break after a sluggish September, with hashprice climbing 10.33% in the past 30 days. A solid 8.93% of that bump came within the last four days alone. Hashprice Jumps Nearly 9% in 4 Days: Bitcoin Miners Catch a Break as September Nears End On Aug. 29, 2024, mining revenues […]

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Swan Bitcoin Alleges Ex-Employees Conspired to Steal Mining Business

September 28, 2024 Bitcoin.com

Bitcoin mining

A newly filed lawsuit claims that Swan Bitcoin, a financial services company focused on bitcoin, is accusing former employees of trying to hijack its “billion-dollar bitcoin mining business.” According to the suit, Swan’s subsidiary Electric Solidus alleges that Proton Management dubbed a “copycat company” in the filing, stole trade secrets from their mining operations. Swan […]

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Hut 8 Launches GPU-as-a-Service Vertical, Deploys 1,000 Nvidia GPUs

September 26, 2024 Bitcoin.com

AI cloud

Hut 8 Corp. has officially launched its GPU-as-a-service vertical, marking a significant step in the company’s diversification efforts. The deployment includes 1,000 Nvidia H100 graphics processing units (GPUs), hosted in a Chicago-based tier-three data center, for an artificial intelligence (AI) cloud developer. Hut 8 Deploys 1,000 Nvidia GPUs The new GPU cluster, designed and configured […]

FIFA, Mythical Games collaborate to launch blockchain game FIFA Rivals

China still controls 55% of Bitcoin hashrate despite crypto ban

September 23, 2024 Coin Telegraph

Bitcoin

China remains a major player in the Bitcoin mining industry despite imposing a blanket ban on cryptocurrencies in 2021.

Chinese Bitcoin miners still control the lion’s share of the global network despite the country’s ban on cryptocurrencies.

Over 55% of the Bitcoin (BTC) mining network is still controlled by Chinese mining pools, according to Ki Young Ju, founder and CEO of CryptoQuant.

However, Bitcoin mining dominance is slowly shifting to US mining firms. Ju wrote in a Sept. 23 X post:

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Bitcoin Miners Riot and Bitfarms Reach Settlement Ahead of Shareholder Meeting

September 23, 2024 Bitcoin.com

Amy Freedman

Riot Platforms and Bitfarms have resolved their dispute following a settlement agreement detailed in a joint announcement on Sept. 23, 2024. The agreement, which was filed with the U.S. Securities and Exchange Commission (SEC), comes ahead of Bitfarms’ special shareholder meeting on Nov. 6, 2024. Riot Withdraws Bid to Restructure Bitfarms’ Board in Settlement Deal […]

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Hashpower Evolution: Bitmain’s New ASIC Packs 477,677% More Power than the 2013 S1

September 21, 2024 Bitcoin.com

Antminer

This week, Bitmain introduced its latest bitcoin mining machine, which packs an impressive punch with a reported output of 860 terahash per second (TH/s). To put that in perspective, this new rig churns out 81.81% more hashpower than its predecessor, the Antminer S21 XP Hydro. And if we go way back, it’s a mind-blowing 477,677% […]

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Bhutan’s $750M revenue from Bitcoin mining sets model for developing nations

September 20, 2024 Coin Telegraph

Bhutan’s 0M revenue from Bitcoin mining sets model for developing nations

Asia

Bhutan’s experience with mining Bitcoin could serve as a powerful example for other developing nations that seek to improve their economies.

The East Himalayan Kingdom of Bhutan is showcasing a powerful example of how developing nations could leverage Bitcoin mining to improve their economies and achieve economic growth.

On Sept. 16, onchain analytics platform Arkham Intelligence claimed it had detected and identified the first Bitcoin (BTC) address of Bhutan’s investment arm, Druk Holding and Investments. According to Arkham, DHI holds 13,029 BTC, 656 Ether (ETH) and some BNB (BNB) and Polygon (MATIC), amounting to approximately $780 million in total crypto holdings.

Despite Bukele’s bold efforts, Bhutan has discreetly gathered over twice as much Bitcoin as El Salvador by mining the cryptocurrency.

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860 Terahash — Hut 8 and Bitmain Partner to Launch New Direct Liquid-to-Chip ASIC Miner

September 19, 2024 Bitcoin.com

AI Infrastructure

Hut 8 Corp. has announced an expanded partnership with Bitmain Technologies, unveiling the U3S21EXPH, a next-generation ASIC miner. The launch represents a significant milestone, with plans for deployment in Q2 2025 and a potential transition to self-mining through a purchase option. Hut 8 and Bitmain Partner on Innovative Miner to Boost Bitcoin Mining Infrastructure The […]

Bitcoin mining

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