Nicehash Partners With Marathon to Launch Custom Firmware for ASIC Bitcoin Miners

June 15, 2024 Bitcoin.com

ASIC miners

The bitcoin hashing power marketplace, Nicehash, has launched custom software for ASIC miners optimized for its mining platform. The firmware is designed to help miners drive greater efficiency from ASIC devices and increase revenue. Nicehash CEO said the collaboration with Marathon will strengthen its market position and enable miners globally to attain unparalleled efficiency and […]

HashKey set to airdrop HSK tokens this June

Mining execs establish organization to influence US crypto voters

June 14, 2024 Coin Telegraph

Bitcoin

A board member of the Bitcoin Voter Project described the group as nonpartisan and planned to take a different approach than initiatives like Stand With Crypto.

Three executives representing some of the largest cryptocurrency mining companies in the United States have helped launch a nonprofit organization to educate voters on Bitcoin (BTC).

Jayson Browder, the senior vice president of government affairs at mining firm Marathon Digital Holdings, told Cointelegraph that he and two executives from Riot Platforms and CleanSpark formed the board members of the Bitcoin Voter Project. Browder said the group was registered as a 501(c)(4) in the United States.

In contrast to a political action committee (PAC), organizations registered under a 501(c)(4) cannot primarily support one candidate or political party. The launch of the voting project came less than 24 hours after different representatives from Marathon, CleanSpark, TeraWulf and Riot met with former U.S. President Donald Trump, which led to the recently convicted felon wanting “all the remaining Bitcoin mining to be made in the USA.”

HashKey set to airdrop HSK tokens this June

Crypto Biz: Riot Platforms and Bitfarms dispute escalates

June 14, 2024 Coin Telegraph

Bitcoin mining

This week’s Crypto Biz explores the corporate battle between Riot Platforms and Bitfarms, Tether’s $1 billion budget for startups, Ripple Labs’ new custodian deal, and more.

The corporate dispute between crypto miners Riot Platforms and Bitfarms has recently intensified.

On June 11, Riot Platforms disclosed a significant increase in its stake in Bitfarms, acquiring roughly six million shares worth over $111 million and bringing its total holding from 9.25% to 13.1%.

The move came just a day after Bitfarms suggested a “poison pill” defense strategy to prevent Riot from increasing its stake to 15% or more. The defense mechanism is designed to dilute the value of shares and hinder Riot’s takeover plans.

HashKey set to airdrop HSK tokens this June

Bitcoin breaks 18-month hashrate uptrend: Are BTC miners capitulating?

June 14, 2024 Coin Telegraph

Bitcoin

Despite the drop in hashrate, Bitcoin miner selling isn’t correlated with the BTC price drop from $71,100 to $66,000.

Bitcoin’s hashrate has broken down from an 18-month uptrend, suggesting the start of a potential Bitcoin miner capitulation.

Following an 18-month uptrend, Bitcoin’s true hashrate fell to around 600 exahashes per second (EH/s). The hashrate is used to measure how difficult it is for miners to mine Bitcoin (BTC).

The breakdown from the uptrend could signal that some Bitcoin mining firms are selling their BTC, according to Ki Young Ju, the founder and CEO of CryptoQuant. He wrote in a June 13 X post:

HashKey set to airdrop HSK tokens this June

Competitive Pressure Builds for Bitcoin Miners as Hashprice Swings

June 13, 2024 Bitcoin.com

Bitcoin

Bitcoin’s hashrate experienced an uptick this week, briefly surpassing 600 exahash per second (EH/s) and currently stabilizing at 598 EH/s. The hashprice, which represents the expected value of 1 petahash per second (PH/s) of hashing power per day, is about $57 per petahash. Mining Centralization Grows as Bitcoin Hashrate and Revenues Shift As of June […]

HashKey set to airdrop HSK tokens this June

Donald Trump Pledges to Champion Bitcoin Mining in Historic Meeting With Industry Leaders

June 13, 2024 Bitcoin.com

Bitcoin

Former U.S. President and presidential candidate Donald Trump has engaged with leaders in the bitcoin mining sector, expressing his support for the industry. Trump stressed that bitcoin mining “may be our last line of defense” against a central bank digital currency (CBDC). He emphasized the importance of producing the remaining bitcoin in the U.S., suggesting […]

HashKey set to airdrop HSK tokens this June

Russia Set to Recognize Bitcoin Mining as Economic Activity

June 10, 2024 Bitcoin.com

Bitcoin (BTC)

According to Osman Kabaloev, the Deputy Director of the Financial Policy Department at Russia’s Ministry of Finance, the recognition of Bitcoin mining as an official economic activity is set to happen soon. Following the approval of a law regulating cryptocurrency mining, this activity would be assigned an OKVED code, which classifies company activities for licensing […]

HashKey set to airdrop HSK tokens this June

Paraguayan Minister Unveils Future Economic Strategy Centered on Bitcoin Mining for Industrial Transition

June 10, 2024 Bitcoin.com

Bitcoin

Javier Gimenez, from the Paraguayan Ministry of Industry and Commerce, revealed that the government plans to take advantage of the energy sold to legal bitcoin mining operations. Gimenez stated that selling Paraguay’s energy to bitcoin mining companies is part of the government’s strategy, which seeks to rebuild its industry in three years as part of […]

HashKey set to airdrop HSK tokens this June

Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining

June 9, 2024 Bitcoin.com

Bitcoin (BTC)

David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part of its new cryptocurrency-friendly policy. He revealed that big miners from the U.S. would be present at the event without disclosing the list of assistants. […]

HashKey set to airdrop HSK tokens this June

Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice

June 9, 2024 Bitcoin.com

Bitcoin

Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in onchain fees. However, by the following day, bitcoin fees had substantially decreased, causing the hashprice to […]

Mining

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