Mining Operations

ESG Analyst Daniel Batten Reveals Dynamic Charts Showing Bitcoin’s 52.6% Sustainable Energy Use

March 9, 2023 Bitcoin.com

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Alex de Vries

Environmental, social, and governance (ESG) analyst Daniel Batten said Tuesday that the computational backbone of the Bitcoin network now uses 52.6% sustainable energy. Batten and onchain analyst Willy Woo created Dynamic Bitcoin ESG Charts to showcase the protocol’s progress. Contrary to Cambridge University Data, Analyst Says Bitcoin Mining Uses 52.6% Sustainable Energy These days, there […]

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Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade

Terawulf Energizes First Nuclear-Powered Bitcoin Mining Facility in the US, Plans to Expand Operations

March 6, 2023 Bitcoin.com

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ASIC mining rigs

Terawulf, a bitcoin mining operation, has announced that it has energized the first nuclear-powered bitcoin mining facility in the United States at the company’s Nautilus Facility in Pennsylvania. According to the company, approximately 1 exahash per second (EH/s) or close to 8,000 application-specific integrated circuit (ASIC) bitcoin miners are now online, and another 8,000 mining […]

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Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade

Mawson Infrastructure Group Launches Bitcoin Mining Operation in Pennsylvania, Exits Australia

February 27, 2023 Bitcoin.com

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ASIC

The bitcoin mining operation, Mawson Infrastructure Group, Inc., announced that the firm has broken ground at a new site in Sharon, Pennsylvania. Reports detail that Mawson has delivered six modular production units capable of housing 3,528 application-specific integrated circuit (ASIC) bitcoin miners, or approximately 12 megawatts (MW) of capacity. The new Mawson site is capable […]

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Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade

Cleanspark Boosts Bitcoin Mining Capacity With Acquisition of 20,000 Bitmain Rigs

February 17, 2023 Bitcoin.com

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Antminer S19j Pro

Bitcoin mining operation Cleanspark has acquired 20,000 brand-new Bitmain mining rigs for $43.6 million, the company reported. Once installed, Cleanspark expects to increase its capacity by 37% by adding roughly 2.44 exahash per second (EH/s) to the firm’s fleet. Cleanspark CEO Says Proprietary Mining Model Gives Company Greater Control and Efficiency Cleanspark, the publicly listed […]

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Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade

Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current Prices

December 31, 2022 Bitcoin.com

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Antminer

Bitcoin miners have had a challenging year as the network’s mining difficulty reached an all-time high and the spot market price of bitcoin dropped below the cost of production. Currently, with electricity costs at $0.07 per kilowatt-hour (kWh), only 18 application-specific integrated circuit (ASIC) bitcoin mining rigs are able to turn a profit at current […]

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Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade

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

December 18, 2022 Bitcoin.com

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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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Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners to Report Greenhouse Gas Emissions

December 9, 2022 Bitcoin.com

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Bitcoin

On Dec. 8, 2022, three Democratic politicians from Massachusetts, Oregon, and California revealed legislation aimed at combatting “energy-intensive” cryptocurrency mining operations. The bill introduced by senator Ed Markey (D-MA) alleges that crypto mining “strains the grid” and the industry “undermines U.S. climate goals.” 3 U.S. Bureaucrats Believe Crypto Miners Need to Report Carbon Emissions and […]

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

December 3, 2022 Bitcoin.com

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$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 […]

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

December 2, 2022 Bitcoin.com

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

November 29, 2022 Bitcoin.com

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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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Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade