Bitcoin Miner Terawulf Offloads 25% Stake in Equity to Bolster AI and HPC Operations

October 4, 2024 Bitcoin.com

AI and HPC

Bitcoin miner Terawulf Inc. has completed the sale of its 25% stake in the Nautilus Cryptomine joint venture for approximately $92 million. The company said this week that it intends to use the proceeds to expand its high-performance computing (HPC) and artificial intelligence (AI) infrastructure at its Lake Mariner facility. Crypto Mining Firm Terawulf Sells […]

<div>Bitcoin 'Santa rally' buyers step in to drive BTC price to K</div>

Bitcoin ‘Santa rally’ buyers step in to drive BTC price to $98K

Bitdeer Completes Testing of SEAL02 Bitcoin Mining Chip

September 27, 2024 Bitcoin.com

Bitcoin

Bitdeer Technologies Group has successfully completed prototype testing for its SEAL02 bitcoin mining chip, marking a pivotal advancement in the company’s technological development. The chip exhibited a power efficiency ratio of 13.5 joules per terahash (J/T) when operated in low-voltage mode, a key achievement in Bitdeer’s roadmap. Bitdeer’s SEAL02 Chip Achieves 13.5 J/T Efficiency in […]

Bitcoin ‘Santa rally’ buyers step in to drive BTC price to $98K

Bitfarms mined 21% more Bitcoin in June amid Riot takeover attempts

July 1, 2024 Coin Telegraph

bitcoin production

Bitfarms increased its online hashrate to 10.4 exahashes per second in June, marking a 39% month-on-month increase.

Bitcoin miner Bitfarms upped its month-on-month Bitcoin (BTC) production by 21% in June whilst fending off attempts of a company takeover by Riot Platforms, one of its biggest competitors.

Bitfarms mined 189 Bitcoin in the month and sold 134 of those Bitcoins for $8.8 million, the firm revealed in a July 1 statement. It now holds 905 Bitcoin, worth $57 million, in its treasury.

However, its Bitcoin production fell 51% compared to June, 2023, due to the latest halving event slicing the block subsidy by 50%.

Bitcoin ‘Santa rally’ buyers step in to drive BTC price to $98K

Bitmain Launches Antminer L9 With Enhanced 16 GH/s Capacity for Scrypt-Based Coins

June 2, 2024 Bitcoin.com

Antminer L9

Bitmain has announced the release of the Antminer L9, an application-specific integrated circuit (ASIC) miner tailored for coins that use the Scrypt algorithm, such as litecoin and dogecoin. The company reports that this new model provides 16 gigahash per second (GH/s) in hashing power and achieves an energy efficiency of 210 joules per gigahash (J/G). […]

Bitcoin ‘Santa rally’ buyers step in to drive BTC price to $98K

Shifting Sands of Bitcoin Mining: How Hydro-Cooling Tech is Leading the Charge Post-Halving

May 25, 2024 Bitcoin.com

ASIC miners

Now that the halving has occurred and fees are at a six-month low, the profitability of application-specific integrated circuit (ASIC) mining rigs has shifted significantly. It is now essential to ensure electricity is inexpensive and machines are efficient in terms of joules per terahash. The following is an examination of today’s top six ASIC miners […]

Bitcoin ‘Santa rally’ buyers step in to drive BTC price to $98K

Applied Direct Response — ERCOT Study Shows Bitcoin Mining Is Beneficial to the Texas Grid

December 3, 2022 Bitcoin.com

$POWER

On Nov. 29, 2022, The Electric Reliability Council of Texas (ERCOT) published a report on seasonal assessment and resource adequacy for the ERCOT region. ERCOT’s study indicates that bitcoin mining operations are flexible operations that can be beneficial to the Texas grid during the upcoming winter and extreme peak load times. ERCOT Report Says Texas […]

Bitcoin ‘Santa rally’ buyers step in to drive BTC price to $98K

Analyst Says Duke Energy Corporation Is Studying Bitcoin Mining Applied to Demand Response

July 4, 2022 Bitcoin.com

91 terawatt-hours

According to the lead rates and regulatory strategy analyst at Duke Energy Corporation, the second-largest U.S. energy corporation is currently studying bitcoin mining. Lead analyst Justin Orkney said that a bitcoin demand response (DR) study was being worked on and the energy firm is partnered with bitcoin miners that are enrolled in Duke’s DR programs. […]

Bitcoin ‘Santa rally’ buyers step in to drive BTC price to $98K

Internet Service Company Cloudflare to Run Ethereum Validator Nodes as Part of Its Web3 Focus

May 18, 2022 Bitcoin.com

Bitcoin

Cloudflare, an internet services and DDoS protection company, has announced a new strategy regarding its Web3 experiments. The company revealed it will run Ethereum validator nodes as part of its commitment to help to scale the internet by using proof-of-stake (PoS) consensus technologies. This will ostensibly allow the company to access the energy efficiency and […]

Bitcoin ‘Santa rally’ buyers step in to drive BTC price to $98K

Solana Co-Founder Believes Bitcoin Needs to Change to Proof-of-Stake Consensus to Remain Relevant

May 1, 2022 Bitcoin.com

Altcoins

Anatoly Yakovenko, one of the co-founders of Solana, the proof-of-stake based, smart contracts enabled blockchain, issued a series of statements criticizing bitcoin’s consensus algorithm. In an interview on CNBC, Yakovenko stated that bitcoin might lose adoption if it doesn’t change to a proof-of-stake (PoS) consensus algorithm. Other organizations have also attacked bitcoin, hinting at this […]

Energy efficiency