China on the African horizon: Mining giants explore Ethiopia
China on the African horizon: Mining giants explore Ethiopia
2 mining pools control more than 53% of the hashrate of the bitcoin network
On the evening of December 28, 2022, the computing power of the bitcoin network (BTC) increased to 300 Eh/s (hash/sec). Three days before its growth on December 25, the BTC hashrate fell to a minimum of 170 Eh/s, which happened due to a power outage by bitcoin miners from Texas to remove excess load from the network.
Mike Novogratz bought the Helios mining farm because of his faith in Bitcoin
Galaxy Digital CEO Mike Novogratz considers the company's decision to acquire the Helios bitcoin mining enterprise very successful.
Miners have become more likely to turn to "green" initiatives
Crypto miners are often criticized by regulators and activists for non-ecological activities. In this regard, profile manners began to turn more and more often to the so-called "green" initiatives.
Canaan expects a moderate decline in its revenue by the end of 2022
While the price of bitcoin has decreased by 70% since the beginning of the year, the turnover of Canaan is reduced by only 14% in yuan.
Argo Blockchain Sells Helios Facility to Galaxy Digital
To avoid bankruptcy, Argo Blockchain had to sell the Helios facility. The company also received a loan of $ 35 million. After the suspension of trading on NASDAQ, the company announced in a press release that it was selling the Helios facility to Galaxy Digital Holding for $65 million.
Argo Blockchain To Sell Galaxy Digital Mining Center in Texas for $65 Million
Mining company Argo Blockchain has announced strategic deals with Galaxy Digital. As a result, the firm will sell its flagship data center in Texas for $65 million and refinance loans.
Binance Cloud Mining shut down due to weather in the USA
Due to extreme weather conditions in North America, Binance Cloud Mining products have been disabled. It's all about power outages and blackouts. Thus, the administration of Binance announced that it will extend the validity of subscriptions to the Cloud Mining product for three days to compensate its users for losses.
Messari: Public mining companies have sold almost all BTC mined in 2022
Tom Dunleavy, an analyst from the research cryptocurrency company Messari, believes that miners who immediately sell mined bitcoins have a bad effect on the price of BTC.
Argo Blockchain Asked Nasdaq to Suspend Stock Trading
The British mining company Argo Blockchain has asked Nasdaq to suspend trading in shares until the announcement on Wednesday, December 28. The firm will issue a press release before the start of the trading session.
Miner Argo Blockchain suspended trading on Nasdaq
Bitcoin miner Argo Blockchain has demanded to temporarily suspend trading on Nasdaq in anticipation of an announcement to open on Wednesday, trading is expected to resume on Wednesday.
Prices for ASIC miners fluctuate at record lows
ASIC BTC miners (an abbreviation of the English application-specific integrated circuit, "integrated circuit for a specific application") — machines optimized exclusively for bitcoin mining are currently being sold at minimum prices not seen since 2020 and 2021, which is seen as another sign of the deepening of the bear market of cryptocurrencies
Is Cryptozima a time of Opportunity for Miners? We explain how true this is
The protracted bearish trend in the crypto market and the fall in the bitcoin exchange rate, on the one hand, reduced the income of miners, but on the other hand, opened up some opportunities. It is enough to turn to statistics.
Bitcoin hashrate is growing after falling by 38% over the weekend
Last week, the hashrate of bitcoin fell by about 38% due to the massive disconnection of American miners from the network. On December 25, the capacity decreased to 170.6 hashes per second (Eh/s), this is evidenced by the data of the CoinWarz service.
Key mining news from December 19 to December 25, 2022
A journalist from China, Colin Wu, spoke about the main news of cryptomining over the past week, in the period from December 19 to December 25, 2022. He noted: The US National Weather Service reported a snowstorm from the Midwest to the Northeast with a sharp cold snap, which led to negative temperatures in about 80% of the state.
