Cryptocurrency Mining | ForkLog

ForkLog 15 22.10.2024

Bitcoin Whale from Satoshi Era Sells $9.6 Million Worth of BTC

A Bitcoin whale, who mined the first coins on January 13, 2009, has sold part of his holdings. This was reported by analysts at Arkham Intelligence. ??????: ??????? ???? ????? ???? $?.??? ??????? We’ve been tracking an ancient Bitcoin whale who mined thousands of BTC, starting only 5 days after the first block in 2009. […]

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ForkLog 9 22.10.2024

Northern Data to Divest Mining Business and Focus on AI

The German public mining company Northern Data is considering the sale of its bitcoin mining division, Peak Mining. According to a press release, the potential transaction would strengthen the firm’s position as a specialist in artificial intelligence solutions. The company referred to its third-quarter financial results, which showed consistent growth in its cloud AI computing […]

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ForkLog 56 21.10.2024

Public Miners’ Share of Bitcoin Hashrate Reaches Record 28.9%

The hashrate of fourteen US-listed mining companies reached 28.9% of the total in October, according to data from JPMorgan, as reported by CoinDesk. Since the beginning of the year, firms tracked by the bank have increased this metric by approximately 70% annually, from 114 EH/s to 194 EH/s, while the overall computational power grew by […]

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ForkLog 17 18.10.2024

Miners Face Tight Deadline for Lucrative AI Deals

Miners have approximately nine months to secure advantageous deals with major cloud providers and AI firms for data center services and high-performance computing. This perspective was shared by JPMorgan analysts, as reported by The Block. “[…] Some miners have about nine months to sign lucrative deals with several well-funded hyperscalers/AI startups, while data center applications […]

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ForkLog 7 15.10.2024

Russian Miners Advocate for Stock Market Access

The legalisation of mining in Russia could enable major industry players to go public. This perspective was shared by Intelion Data Systems CEO Timofey Semenov at the Mining.ru forum, reports RBC. Going public would serve as a tool for attracting financing, a resource the industry currently lacks, the expert noted. On July 30, the State […]

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ForkLog 34 11.10.2024

BitRiver Converts Over 150 Million Cubic Meters of Associated Gas for Bitcoin Mining

In collaboration with oil and gas companies, BitRiver has converted over 150 million cubic meters of associated gas into electricity for bitcoin mining, according to its Chief Financial and Investment Officer, Alexander Volkov. This was reported by Prime. The firm processed this volume from January 2023 to early October 2024. BitRiver is confident in Russia’s […]

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ForkLog 17 10.10.2024

Bitmain Expands Antminer S21 Series with Two New Bitcoin Miners

At the Bitcoin Amsterdam 2024 forum, Bitmain unveiled two new modifications of its Antminer S21 series for bitcoin mining. ?? Bitcoin Amsterdam?ANTMINER S21+ Hyd.& S21+ Newly Launched ?S21+ Hyd. ❗ 319T ❗ 15.0J/T ?S21+❗ 216T ❗ 16.5J/T? Allow the exchange on a 1:1 hashrate basis?Shipping from 2025 Q1 to Q2 pic.twitter.com/eYpK73X5V9 — BITMAIN (@BITMAINtech) October […]

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ForkLog 7 08.10.2024

Matrixport Highlights Growth Potential for Mining Stocks

Shares of mining companies may see an increase in value due to the stabilization of their revenue declines and their lag behind Bitcoin’s performance, according to Matrixport. #Matrixport Today ? — Oct 8: #Bitcoin Mining Stocks Poised for Rebound as Revenues Stabilize Post-Halving#cryptomarket #MarketTrends #MarketInsights #BTC #miningevent pic.twitter.com/sK7oxvBnhU — Matrixport Official English (the only official […]

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ForkLog 15 08.10.2024

Texans File Lawsuit Against Noisy MARA Mining Facility

A lawsuit has been filed against the mining company MARA (formerly Marathon Digital) due to noise from its facility near Granbury, Texas. More than twenty residents have claimed that the cryptocurrency mining farm is a “nuisance” causing “extreme discomfort and irritation.” The plaintiffs complain of “sensory, emotional, psychological impact, and health effects” due to the […]

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ForkLog 8 05.10.2024

Bitcoin Decentralization: A Matter of US National Security

Maximizing the decentralization of the first cryptocurrency across the entire stack is a matter of US national security, according to Auradine CEO Rajeev Khemani in a comment to Cointelegraph. He suggests that third-party firmware, which updates and changes over time, could theoretically be used to compromise the energy system or launch a 51% attack on […]

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ForkLog 7 04.10.2024

TeraWulf Sells Stake in Nuclear Bitcoin Mine to Fund AI Expansion

Bitcoin miner TeraWulf sold a 25% stake in the Nautilus Cryptomine venture, located near the Susquehanna nuclear power plant in Pennsylvania, USA. The transaction amounted to $92 million. The buyer was TeraWulf’s partner, a subsidiary of Talen Energy Corporation. The proceeds will be used to expand hosting services for high-performance computing and data centers designed […]

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ForkLog 8 02.10.2024

Bitcoin Miners’ Revenue Hits Annual Low in September

In September, miners of the leading cryptocurrency earned a total revenue of $815.7 million. This marks the lowest figure since the beginning of the year, according to data from The Block. Source: The Block. The amount of fees in miners’ revenue amounted to $13.86 million — the lowest since the BRC-20 standard emerged in March […]

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