Tag: Bitcoin Mining

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Bitcoin hashrate hits all-time high as Bitcoin holds above $20k

According to Glassnode data, Bitcoin hashrate has reached a new all-time high of 331EH/s. Historically, there has been a shaky relationship between hashrate and Bitcoin...

CleanSpark gets thousands of miners amid ‘distressed markets’

CleanSpark, a Bitcoin (BTC) mining company focused on sustainability, has acquired another 3,843 cryptocurrency miners amid mining industry consolidation. The company announced a $5.9 million...

Core Scientific Again Raises Bitcoin Mining Hosting Rates

Core Scientific (CORZ), the world's largest bitcoin miner, has raised its rates for hosting other companies' machines to just under 10 cents per kilowatt...

Bitcoin Fails to Produce 1 Block for Over an Hour

On Monday, the mining of a single block of bitcoin (BTC) took longer than an hour, which caused thousands of transactions to remain in...

Binance Pool’s $500M Bitcoin Mining Industry Initiative

Binance, a well-known cryptocurrency exchange, has been navigating the bear market with a variety of its activities. The exchange has again again made the...

Bitcoin miners will start paying taxes formally in 2024: Kazakhstan

Kazakhstan's propensity toward cryptocurrencies was made clear by the country's multiple partnerships with Binance, the world's largest crypto exchange. In light of the government's...

Bitcoin mining difficulty hits ATH: highest since May 2021

In the past week, the Bitcoin mining hashrate has reached a new record high, surpassing the 300 EH/s threshold. An increase in mining difficulty...