Mining BTC

Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt

December 21, 2022 Bitcoin.com

$1-10 billion in assets

On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000 creditors and its estimated assets are worth between $1-10 billion. Core Scientific Voluntarily Files for Chapter […]

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Bank of Russia Dismisses US Asset Confiscation Effects on Russia’s Economic Stability

While Miners Deal With Low BTC Prices, Bitcoin’s Mining Difficulty Target Expected to Increase 3% Higher

December 18, 2022 Bitcoin.com

Bitcoin

Bitcoin’s mining difficulty target is expected to increase on Dec. 19, 2022, after printing the largest reduction recorded in 2022 on Dec. 5, at block height 766,080. During the last 2,016 blocks, Bitcoin’s hashrate has been around 254.3 exahash per second (EH/s), and block intervals have been faster at 9:41 minutes per block. Bitcoin’s Difficulty […]

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Bank of Russia Dismisses US Asset Confiscation Effects on Russia’s Economic Stability

Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022

December 6, 2022 Bitcoin.com

2016 Blocks

On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it will remain at this point for the next two weeks or 2,016 blocks. Bitcoin Miners Catch a Break as the Network’s Difficulty Drops […]

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Bank of Russia Dismisses US Asset Confiscation Effects on Russia’s Economic Stability

Bitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits

December 2, 2022 Bitcoin.com

Bitcoin

While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal since mid-November. Presently, the total hashrate dedicated to the Bitcoin network is coasting along at 236 exahash per second (EH/s) after dropping below the 200 EH/s range six days ago. Bitcoin’s Hashrate Slips Lower […]

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Bank of Russia Dismisses US Asset Confiscation Effects on Russia’s Economic Stability

Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs

November 30, 2022 Bitcoin.com

Antminer S19 Pro+ Hyd.

During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022, statistics show if miners paying for electricity pay roughly $0.12 per kilowatt hour (kWh), only three application-specific integrated circuit (ASIC) […]

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Bank of Russia Dismisses US Asset Confiscation Effects on Russia’s Economic Stability

Bitcoin’s Mining Difficulty Expected to Drop Significantly, Retarget Could Be 2022’s Largest Reduction

November 29, 2022 Bitcoin.com

Bitcoin

Bitcoin miners could catch a break in a week or so, on or around Dec. 5, 2022, as the next difficulty retarget is expected to see a significantly large reduction. Estimates show the next difficulty retarget could drop anywhere between 6.13% and 10% lower. Presently, the difficulty change looks as though it could be 2022’s […]

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Bank of Russia Dismisses US Asset Confiscation Effects on Russia’s Economic Stability

Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value

November 21, 2022 Bitcoin.com

Bitcoin

Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that bitcoin’s average cost of production has been a lot higher than bitcoin’s USD value […]

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Bank of Russia Dismisses US Asset Confiscation Effects on Russia’s Economic Stability

Bitcoin’s Mining Difficulty Taps a Lifetime High, Glassnode Says BTC Miners Remain ‘Under Immense Pressure’

November 21, 2022 Bitcoin.com

2016 Blocks

On Sunday, Nov. 20, 2022, Bitcoin’s difficulty rise erased the recent 0.20% decline recorded two weeks ago, as the difficulty metric rose by 0.51% at block height 764,064. The increase on Sunday has pushed the difficulty rating to another all-time high, from 36.76 trillion to the current 36.95 trillion. Bitcoin Difficulty Reaches All-Time High Nearing […]

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Bank of Russia Dismisses US Asset Confiscation Effects on Russia’s Economic Stability

Bitcoin’s Mining Difficulty Shrinks for the First Time in 4 Weeks

November 7, 2022 Bitcoin.com

0.20% decrease

Bitcoin miners caught a small break late Sunday evening (ET) after the network’s mining difficulty dropped 0.20% lower than the difficulty rating two weeks prior. The drop is the first mining difficulty decrease in four weeks, as the metric changed from 36.84 trillion to 36.76 trillion. Bitcoin Miners Catch a Miniscule Break as the Network’s […]

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Bank of Russia Dismisses US Asset Confiscation Effects on Russia’s Economic Stability

Bitcoin Miner Cleanspark Acquires 3,853 Bitmain-Made BTC Mining Rigs for $5.9 Million

November 1, 2022 Bitcoin.com

240 EH/s

On Nov. 1, 2022, the bitcoin miner Cleanspark revealed it acquired 3,853 Bitmain-brand Antminer S19J Pro mining rigs for $5.9 million. According to Cleanspark, the company has purchased 26,500 bitcoin mining machines since the crypto winter started in June. Cleanspark Purchases 3,853 Antminer S19J Pro Units at $15.50 per Terahash After the bitcoin (BTC) mining […]

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Bank of Russia Dismisses US Asset Confiscation Effects on Russia’s Economic Stability