$100 Million Loss: Malaysian Electric Company Hit Hard By Illegal Bitcoin Mining

Bitcoin mining, a complex activity that requires adding data to the blockchain, has been the subject of complaints. While it’s arguably a lucrative trade for some, it impacts the local electricity grid.

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Swan Bitcoin Sues Ex-Employees Over Alleged Mining Business Heist

Swan Bitcoin has sued Proton Management Ltd. and six former employees accusing them of a coordinated theft of its billion-dollar bitcoin mining technology with alleged assistance from Tether.

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Swan Bitcoin sues ex-staff over ‘rain and hellfire’ plan to steal mining biz

Swan Bitcoin has accused several former employees of “stealing the crown jewels” from its Bitcoin mining business to create a “counterfeit competitor.”

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China Remains The World’s Largest Bitcoin Mining Hub Despite Crypto Ban

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Cathedra Bitcoin cools off mining to tap MicroStrategy playbook

Cathedra Bitcoin said Bitcoin mining simply hasn’t provided enough shareholder value on a Bitcoin basis over the last three years, which prompted a change in strategy.

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Another Bitcoin Miner Adopts MicroStrategy's Playbook of Buying BTC in Open Market

Cathedra Bitcoin will move away from mining business and will develop data center instead.

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Bitcoin Mining Halt Triggers 20% Electricity Price Surge in Norwegian City

Experts argue that this rise in energy bills highlights how Bitcoin mining can contribute to lower overall energy costs by distributing fixed grid expenses across a broader user base. The post Bitcoin Mining Halt Triggers 20% Electricity Price Surge in Norwegian City appeared first on BeInCrypto.

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Bitcoin mining CEOs agree on $250k price target for 2028 halving

Bitcoin mining executives from top firms gathered at the HC Wainwright Bitcoin Mining Panel on Sept. 10 to discuss industry trends, challenges, and the future of Bitcoin. The panel, moderated by Anthony Scaramucci of SkyBridge Capital, featured CEOs from prominent mining companies, including Bit Digital, Bitfarms, CleanSpark, Core Scientific, and Marathon Digital Holdings.

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Bitcoin Mining Difficulty Returns to Peak Levels

Bitcoin mining breaks new all-time high

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Bitcoin Mining Emissions – Surprise New Research Findings

As the need to be more eco-friendly becomes ever more apparent, cryptocurrencies have often been sharply criticized for their environmental impact. Being the most well-known of them, Bitcoin has inevitably become tainted with a reputation for the high resource usage required for Bitcoin mining, However, newly released research might paint a slightly different picture and could start changing perceptions around these issues.

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Bitcoin Skyrockets to New All-Time High in Mining Difficulty Amid Largest Increase Ever

Bitcoin just hit record high in mining difficulty, with the largest increase in history

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Bitcoin mining bill advances in Russia, awaits State Duma vote in late July

Russia's regulatory framework for Bitcoin mining could significantly impact the global crypto market and local economic activities. The post Bitcoin mining bill advances in Russia, awaits State Duma vote in late July appeared first on Crypto Briefing.

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Bitcoin mining causing health issues in Texas residents

Texas is rapidly becoming a Bitcoin mining hub, butresidents of local towns are experiencing hearing issues, headaches, dizziness, and sleep disturbance.  The conflict between the economic interests of Bitcoin (BTC) mining in Texas and the quality of life of its…

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Bitcoin’s Tightrope: Lower Mining Rewards And Fees Threaten Market Stability — Kaiko

Recent developments in the Bitcoin mining industry suggest a significant financial squeeze due to decreased network fees and halved block rewards. These factors are shaping the economic space for companies validating Bitcoin transactions and could potentially force some into selling their digital assets prematurely to remain solvent, according to Kaiko Research. Related Reading: Germany Shakes […]

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Marathon’s BTC mining is heating an entire town in Finland

Selling excess heat from Bitcoin mining could be another financial lifeline for miners after the 2024 Bitcoin halving.

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Bitdeer unveils new chip for low-power Bitcoin mining

Bitdeer Technologies announces the development of the SEAL04 chip, an energy-efficient solution for Bitcoin mining expected to achieve a power efficiency of 5J/TH by Q2 2025. The post Bitdeer unveils new chip for low-power Bitcoin mining appeared first on Crypto Briefing.

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Bitcoin cloud mining platform, AST Mining, offers program for earning Bitcoin

The crypto world is exploding! Since Bitcoin and Ethereum ETFs got the green light, everyone's looking for ways to get involved.  Forget just buying crypto - imagine earning it passively!  AST MininThe post Bitcoin cloud mining platform, AST Mining, offers program for earning Bitcoin appeared first on AMBCrypto.

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Riot Platforms Is Best Suited to Consolidate Bitcoin Mining Sector: Bernstein

The company has the financial capacity to consolidate the bitcoin mining space, the report said.

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It Just Got Easier to Mine Single Bitcoin (BTC), Here's Reason

Bitcoin mining difficulty just plunged by over 5%

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Is Bitcoin Mining ‘Dangerously Centralised’? What New Research Shows

Recent findings from BitMEX Research have reignited concerns about the centralization of Bitcoin mining. Their study, which cites insights from Bitcoin analyst Alex Bergeron, points out that a single entity now controls the Coinbase outputs for approximately 47% of the network hashrate—a significant concentration that suggests a shift toward oligopolistic tendencies within the Bitcoin mining […]

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Bitcoin’s Profit Crunch: Hash Price Hits Record Low Post-Halving—What’s Next For Miners?

In Bitcoin mining, the activity’s profitability is significantly influenced by a metric known as the ‘hash price. ’ This metric has recently plummeted to unprecedented levels, causing concerns within the mining community.

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Crypto Biz: X payment system, Block moves into Bitcoin mining, and more

This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more.

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Crypto Biz: X payment system, Block moves into Bitcoin mining and more

This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more.

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PayPal Proposes Crypto Rewards to Accelerate Sustainable Bitcoin Mining

PayPal is incentivizing green Bitcoin mining practices by rewarding miners who use renewable energy. This move aims to reduce Bitcoin’s environmental footprint, alongside significant changes to NFT policies and a partnership with Triple-A.

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Bitcoin mining stocks continue to slump ahead of halving

Bitcoin mining companies are facing a notable decrease in stock value in anticipation of the upcoming halving.

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Publicly-Traded Bitcoin Miner Runs on 100% Renewable Energy, Audit Confirms

A report from CarbonChain shows that Gryphon Digital Assets is mining bitcoin with hydroelectric power, producing zero carbon emissions.

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Bitmain Launches Antminer S21 Pro, Its Most Advanced Bitcoin Miner

Prominent Bitcoin mining hardware manufacturer announces the Antminer S21 Pro, a new iteration of its most efficient mining device.

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The future of Bitcoin mining post-halving, according to GoMining

The phenomenon of the Bitcoin halving is a cornerstone event in the crypto world, fundamentally altering the economic landscape for miners and investors alike. Occurring approximately every four years, this event reduces the reward for mining new Bitcoin blocks by half, a mechanism designed to control the supply of Bitcoin and mimic the scarcity-driven value […] The post The future of Bitcoin mining post-halving, according to GoMining appeared first on CryptoSlate.

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From Missouri to Texas: Southern US Becomes Bitcoin Mining Hotspot

Missouri is gunning to become a hub for Bitcoin mining, thanks to a new bill by State Rep. Phil Christofanelli. This legislation, aiming to integrate cryptocurrency miners into the energy economy, joins CleanSpark's expansion in Mississippi and Riot's massive investment in Texas, signaling a significant shift in the Southern US towards embracing digital asset ventures.

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Rethinking Bitcoin Mining: Scholar Critiques Flawed Assumptions in UN Study

The Bitcoin Policy Institute's Margot Paez challenges the UN study on bitcoin mining, highlighting its reliance on outdated sources and flawed methodologies. Her critique emphasizes the evolving sustainability of bitcoin mining and its potential in renewable energy integration and grid management.

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Bitcoin Community Accuses BBC Of Sensationalism In Controversial Mining Article

A recent article published by the BBC has sparked a heated debate among cryptocurrency enthusiasts and critics regarding the environmental impact of Bitcoin (BTC) mining.   The piece, titled “Every Bitcoin payment ‘uses a swimming pool of water,’” raised concerns about the water consumption associated with the mining process.

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AntPool surpasses Foundry as top Bitcoin miner

AntPool, a mining pool linked to Bitmain, overtakes Foundry USA as the leading Bitcoin mining pool, for the first time since January 2022.

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Decentralized mining pool OCEAN by Jack Dorsey joins Bitcoin hash rate surge

Quick Take The Bitcoin mining hash rate continues to experience a significant upturn. The decentralized Bitcoin mining pool, OCEAN, spearheaded by Jack Dorsey, is noteworthy. It has recently commenced operations, reaching an impressive 126 ph/s, or approximately 0.

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Twitter Founder Dorsey Invests Millions in Decentralized Bitcoin (BTC) Mining

Twitter and Block founder Jack Dorsey dives into decentralized Bitcoin mining industry, steering multimillion dollar investment into OCEAN

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Bitfarms secures $44m from U.S. investors to boost Bitcoin mining ops

Bitfarms announces a $44 million private placement with U.S. investors to expand its Bitcoin mining infrastructure and strengthen its working capital.

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Luxor Starts New Business to Make Shipping of Bitcoin Mining Rigs Faster

The bitcoin mining services firm has previously shipped over $245 million worth of equipment to more than 30 countries.

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Tether to Invest $500 Million in Bitcoin Mining

Tether, expanding beyond its USDT stablecoin roots, announces a major foray into Bitcoin mining. The firm plans to invest $500 million in this energy-intensive sector, signaling a significant shift in its business model and potential impact on the Bitcoin mining landscape.

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Bitcoin and mining ETF pathways diverge, reflecting shift in investor strategies

Quick Take The correlation between Bitcoin and the Bitcoin mining ETF, WGMI, although strong through much of 2022 and 2023, has seen significant divergence since July 2023. Despite Bitcoin carving a year-to-date high north of $37,000, mining stocks represented by WGMI trailed, continuing to close lower.

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Bitcoin (BTC) Halving Mining Frenzy Pushes Hashrate to Record High

Bitcoin miners buy Bitcoin mining rigs to boost margins ahead of the halving.

The post Bitcoin (BTC) Halving Mining Frenzy Pushes Hashrate to Record High appeared first on BeInCrypto.

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Bitcoin Mining Potential Highlighted In Top Science Journal

A new peer-reviewed research paper has emerged, shedding light on the potential symbiosis between Bitcoin mining and renewable energy initiatives. Dennis Porter, CEO and co-founder of Satoshi Act Fund, a non-profit educational organization dedicated to informing policymakers and regulators about Bitcoin mining’s benefits, and president of Satoshi Educate, shared his insights via X, underscoring the […]

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Marathon Digital harnesses landfill methane for Bitcoin mining pilot in Utah

Marathon Digital, a Bitcoin (BTC) miner, has teamed up with renewable energy asset manager Nodal Power to test a 280 kW Bitcoin mining project in Utah

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This New Bitcoin Mining Token Has Raised $1 Million on Presale – Here’s Why Traders Think It Could Explode

Bitcoin Minetrix (BTCMTX) has raised $1 million in a presale due to its unique approach to Bitcoin mining. The stake-to-mine mechanism allows users to participate in Bitcoin mining by staking BTCMTX tokens.

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El Salvador’s Latest Initiative Reiterates Country’s Commitment To Its Bitcoin Strategy

El Salvador, a leader in embracing Bitcoin (BTC) as a legal tender, has taken a significant step forward in launching its first local Bitcoin mining pool “Lava Pool”. This step marks a pivotal landmark for the country, in its ambitions to harness renewable energy sources for cryptocurrency mining.

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Is Bitcoin Network Sufficiently Decentralized? Here’s What The Data Says

Is the Bitcoin mining network decentralized enough? Or do the big miners control a significant part of it? Here’s what the latest data says. Public Bitcoin Miners Control Around 28% Of The Total Hashrate In a new post on X, Bloomberg Intelligence market analyst Jamie Coutts discussed how the mining industry has evolved. The first […]

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Bitcoin Mining Hashrate Sets New All-Time High, Difficulty Up 5.5% In Response

Data shows the Bitcoin mining hashrate has set a new all-time high recently, forcing the network to up its difficulty by about 5.5%. Bitcoin Mining Hashrate Has Observed A Strong Surge Recently The “mining hashrate” refers to the total amount of computing power that the Bitcoin miners have connected to the network. This value can […]

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US Senator Applauds Bitcoin Mining’s Role In Bolstering The Economy And Grid

In an interview with Forbes, Texas Senator Ted Cruz voiced support for Bitcoin mining and affirmed that mining operations benefit the Texas economy and grid. Cruz admired the decentralized nature of cryptocurrency technology and talked about the financial freedom achieved through the uncontrollable nature of Bitcoin.

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Beyond Bitcoin ETF: Inside BlackRock Bitcoin (BTC) Mining Strategy

BlackRock, one of largest investing conglomerates in world, expands its presence in Bitcoin (BTC) mining segment

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AI mining method for Bitcoin increases reward chance 260% by calculating future blocks

In a notable breakthrough in Bitcoin mining, UK-based Quantum Blockchain Technologies (QBT) has developed a highly promising computing method, the Message Scheduling For Cryptographic Hashing (MSFCA), designed to make Bitcoin mining significantly more efficient.

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Winds Of Change: Bitcoin Miner Riot Sees Substantial Increase In BTC Holdings

Bitcoin mining has been up by a considerable fraction this year, as the blockchain network recorded a new all-time high in hash rate in the second quarter of the year. Mining revenue is also up, as the bitcoin Bitcoin recorded a spike in transaction volume.

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