Marathon Reports 45% Increase in BTC Production in January
U.S.-based mining company Marathon Digital mined 687 Bitcoin (BTC) and sold 1,500 BTC in January, according to its monthly status report.
Bitcoin Miner Share Prices Soar in January 2023
Cryptoslate has previously analyzed 9 of the top Bitcoin mining companies in terms of the evolution of Bitcoin holdings in 2022.
Bitcoin Miner Greenidge Generation Cuts NYDIG Debt 78% to US$17 Million
Troubled U.S.-based Bitcoin mining firm Greenidge Generation Holdings Inc. has restructured more of its debt to investment management service provider NYDIG and investment bank B. Riley Commercial Capital, the company announced on Tuesday. According to the statement, Greenidge also agreed to restructure another US$11 million owed to B. Riley, reducing its cash obligations to about US$9 million. (forkast)
Bitcoin Mining Advocate Is Going State-to-State To Educate US Lawmakers
Dennis Porter, chief executive officer of the Satoshi Action Fund, is taking the fight for hearts and minds on Bitcoin mining to Washington, D.C. and beyond in an effort to support friendly legislation.
Bitcoin Mining Revenue Surged by 140% Since Christmas
The total bitcoin mining revenue (block rewards plus transaction fees) per day soared by almost 50% since the beginning of the month, tapping almost $24 million.
Bitcoin Mining Difficulty Hits a New All-Time High
Bitcoin’s mining difficulty has hit a new all-time high, rising roughly 4.68% from 37.59 trillion on Sunday to 39.35 trillion at the time of writing.
Bitcoin Mining Revenue Jumps Up 50% to $23M in One Month
As Bitcoin (BTC) shows a minor bull run, the connected sub-ecosystems’ year-long struggle for survival has started to pay off. For starters, the Bitcoin mining community experienced a 50% increase in revenue — through mining rewards and transaction fees — in the first month of 2023.
Bitcoin Mining Difficulty Hits New All-time High with 4.7% Rise
Bitcoin’s mining difficulty level rose 4.68% on Sunday, hitting an all-time high, as the networks’ hashrate also continued to increase. The mining difficulty reading came in at 39.35 trillion at block height 774,144 in Sunday’s biweekly adjustment, following a 10.26% rise in the previous adjustment on Jan. 16, according to data from BTC.com. (forkast)
Data Shows 50% Of Bitcoin Hashrate Controlled By Two Mining Pools
Bitcoin hashrate is becoming highly centralized, with a few mining pools controlling most of the blockchain mining power. The latest data from Mempool indicates that 50% of the total hashrate is held by Foundry USA and Antpool.
Bitcoin Mining Network Hits New Record Hash Rate Above 300 EH/s
According to Bitcoin mining data tracking website MiningPoolStats, Bitcoin’s hash rate hit a new record high earlier this week. According to the website, the network reached the milestone of computing three hundred quintillion (300,000,000,000,000,000,000) hashes per second (300 EH/s).
