Bitcoin Hashrate Hits One Zetahash: A Leap in Network Security
TL;DR Bitcoin’s hashrate surpassed one zetahash per second for the first time on January 2, 2025, marking a significant leap in network security and resilience....
Tag : Mining
The Growth of Cryptocurrency Mining and Artificial Intelligence Puts North America’s Power Grids at Risk
by federico
TL;DR Cryptocurrency mining and AI data centers are driving a significant increase in electricity demand across North America, especially in Texas. NERC warns that this...
CleanSpark Hits Milestone as Hashrate Exceeds 37 EH/s
by jose
TL;DR CleanSpark has surpassed its 2024 operating hashrate target, achieving 37.5 exahashes per second (EH/s), driven by newly energized sites. The company plans to continue...
Hut8 to Raise $500M for Bitcoin Reserve
by jose
TL;DR Hut 8 is raising $500 million through an at-the-market offering program to bolster its Bitcoin reserves, expand mining operations, and invest in digital infrastructure....
AI Integration and Acquisitions Reshape the Bitcoin Mining Industry
by jose
TL;DR The Bitcoin mining industry is adapting to rising operational costs and the impact of the April 2024 halving, with the average cost to produce...
Bitcoin Miners Face Challenging October: Only Riot, Galaxy, and Core Scientific Post Gains
by jose
TL;DR Challenging Month for Bitcoin Miners: October was tough for Bitcoin miners, with many struggling to stay profitable despite a modest 4.5% drop in Bitcoin’s...
Bitcoin Hashrate Hits All-Time High Amid Bearish Market Conditions
by jose
TL;DR Record-Breaking Hashrate: The Bitcoin network’s hashrate hit an all-time high of over 742 exahashes per second on September 11, showcasing increased computational power despite...
IMF Proposes Electricity Tax to Curb Carbon Emissions from Crypto Mining and Data Centers
TL;DR Cryptocurrency mining and data centers account for 2% of global electricity consumption and nearly 1% of carbon emissions. These figures are expected to rise...
Bitcoin Miners Navigate Post-Halving Landscape: Accumulation vs. Liquidation
by jose
TL;DR Halving Impact: The recent Bitcoin halving event in April reduced mining rewards from 6.25 BTC to 3.125 BTC, creating operational challenges. Smaller miners, with...
Bitcoin Production Costs Surge Post-Halving: Concerns Rise Over Network Centralization
TL;DR The increase in Bitcoin production costs post-halving is causing concern among the mining community and investors. The average production cost of one BTC exceeds...
