Cointime

Download App
iOS & Android

bitcoin mining

mining miner

ALL From bitcoin mining

Marathon Digital Mines Bitcoin Using Methane Gas from Landfill

Marathon Digital has started mining Bitcoin using methane gas extracted from a landfill in Utah. The 280-kW off-grid pilot project is a collaboration between Marathon and Nodal Power, which raised $13 million in a seed round in August to operate two sites, one of which includes a data center. If successful, Marathon plans to expand its footprint in this area and help landfill operators meet their environmental targets. Other Bitcoin miners, such as Genesis Digital Assets Limited, are also seeking new green generating solutions.

Crypto mining company TeraWulf produced 314 Bitcoins in October

Cryptocurrency mining company TeraWulf Inc. (NASDAQ stock code: WULF) has announced production and operation updates for October 2023, with a production output of 314 BTC in October and a total of 2,744 BTC mined so far this year. After a planned interruption in the first week of October, the company achieved over 95% of its self-mining hash rate target. The average electricity cost for producing one bitcoin in October was $10,800, or about $0.034 per kilowatt-hour. Sean Farrell, Senior Vice President of Operations at TeraWulf, said: "Bitcoin production in October was slightly lower than in September, due to unfavorable network factors, including a significant increase of 9.3% in network difficulty compared to the previous month."

Argentine Proposal to Mine Bitcoin with Excess Natural Gas Generates Controversy

Argentine presidential candidate Sergio Massa has received criticism from the country's cryptocurrency community for a proposal to mine Bitcoin using excess natural gas from the Vaca Muerta oil fields. The proposal was presented by computer scientist Santiago Siri and would involve using surplus gas from Vaca Muerta, a major shale oil and gas deposit in western Argentina, to power bitcoin mining operations. While the project has its proponents, Bitcoin miners and advocates have expressed skepticism, arguing that BTC mining is too complex and competitive for the government to get involved. Critics suggest that private-public partnerships may be a better alternative model if the state wishes to participate.

Bitcoin mining company Cipher Mining produced approximately 428 BTC in October, an increase of 3% month-on-month.

Bitcoin mining company Cipher Mining Inc. released its October operational update, with the company producing approximately 428 BTC in October, an increase of about 3% from the previous month. Additionally, the average monthly network hash rate in October increased by about 9% from the previous month. As part of its regular financial management process, Cipher sold approximately 466 BTC in October, with a balance of approximately 516 BTC at the end of the month and a running hash rate of 7.2 EH/s.

Listed mining company Quantum Blockchain completed approximately US$2.4 million in financing

On October 31st, Quantum Blockchain, a mining company listed on the London Stock Exchange, completed a £2 million (approximately $2.4 million) financing through a new share placement. The new funds will be used to advance its research and development plans by increasing recruitment, new hardware, and software development, and may establish cloud service infrastructure in North America.

Marathon Digital launches 200MW Bitcoin mining center in Abu Dhabi

Marathon Digital Holdings announced on X platform that it has launched a 200-megawatt immersive cooling Bitcoin mining center in Masdar City, Abu Dhabi in partnership with Zero Two. The company stated that it will further develop digital asset infrastructure in Abu Dhabi.
Marathon Digital launches 200MW Bitcoin mining center in Abu Dhabi

Listed Mining Companies Stopped Increasing Their Holdings of Bitcoin in May Last Year and Have Reduced Their Holdings by a Total of 11,000 So Far

According to Jaran Mellerud, a mining service analyst at Luxor Technologies, listed mining companies will stop increasing their holdings of Bitcoin in May 2022. Since then, their holdings have decreased from 46,000 coins to 35,000 coins, indicating they have sold more Bitcoin than they have mined during that period.

Swiss hotel company Gabbani is converting excess energy from food production facilities into Bitcoin mining energy

Gabbani, a hotel company headquartered in Lugano, Switzerland, has launched a new project aimed at using excess energy from Gabbani's food production facilities to build the most advanced Bitcoin mining system. This initiative combines sustainable energy practices with cryptocurrency mining and will help elevate Lugano's position as a leading blockchain center in Europe. In addition, Gabbani has also launched the "Banettone" product, which aims to support Plan ₿, a joint initiative between the city of Lugano and Tether aimed at accelerating the use and utilization of Bitcoin technology as the basis for transforming the city's financial infrastructure.

Bitcoin Mining Company Opens 100% Renewable Energy Facility in Paraguay

Bitcoin mining company Sazmining has opened a new facility in Paraguay that will run on 100% renewable energy from the Itaipu Dam. The facility will operate customer-owned Bitcoin mining rigs on their behalf, with Sazmining taking a 15% commission for the service. The cost of energy is an important consideration for Bitcoin mining companies, and Sazmining's new facility will have mining costs of $0.047 per-kilowatt hour, substantially lower than in the United States. While Paraguay's hash rate production is currently only 0.15% of the entire Bitcoin mining network, Sazmining's President sees it as an opportunity for growth.

Pennsylvania House Representative Removes Two-Year Crypto Mining Ban from Energy Conservation Bill Amid Pressure from Trade Unions

A bill to regulate crypto mining's energy consumption in Pennsylvania has had a two-year moratorium on new and renewed permits removed, after a state representative claimed he was pressured by trade labour unions. The Cryptocurrency Energy Conservation Act was passed by the Pennsylvania House Environmental Resources and Energy Committee by a slim margin of 13-12.