Bitcoin: The Reduced Role of Miners and the Rise of Institutional Actors in Energizing the Market
By combining bitcoin mining and AI data centers, miners are preparing for a future where bitcoin and AI coexist harmoniously.
Reducing mining rewards is causing bitcoin miners to capitulate, signaling a potential price floor and future rebound.
Bitcoin, often perceived as an environmental scourge due to its energy consumption, could actually be an unsuspected ally in the fight against climate change. Margot Paez, an environmental activist and researcher at the Bitcoin Policy Institute, presents a bold and counterintuitive vision: Bitcoin could replace the traditional financial system and reduce the abusive exploitation of natural resources. This revolutionary perspective invites a reconsideration of established truths about crypto and its potential role in preserving our planet.
Bitcoin is now at the center of an environmental controversy. Greenpeace points out the harmful impact of BTC mining. Even more worrying, the NGO accuses Wall Street of financing this polluting industry.
The Chinese manufacturer of bitcoin miners is accused of deliberately causing some of its antminer models to produce more empty blocks.
El Salvador is the only country along with Bhutan to have the bright idea of mining bitcoins. Its harvest now reaches nearly 500 BTC.
PayPal is committed to an ecological approach by offering rewards to Bitcoin miners promoting responsible practices.
A killer bill for the American bitcoin industry has made its way to the US Congress. Are we on the brink of a new exodus?
Bitcoin is as decentralized as its least decentralized gear. The pools, along with ASIC manufacturers, are a weak link.
Amazon, the tech giant, has set its sights on Solana, promising a revolution in cloud technology and offering a launchpad to uncharted heights for blockchain. Meanwhile, a lone miner defies the odds by hitting the jackpot. Since NFTs made their way to Bitcoin, there's been a frenzy that's unsettling purists and pragmatists alike. Elon Musk clarifies his vision of Twitter without crypto, while Vitalik Buterin alerts us to the hidden risks of second-layer solutions. In the background, Tether swells its coffers and reaches peaks that challenge traditional institutions. Beyond the fray, Bitcoin and Ethereum outperform gold and traditional assets in 2023.
Although criticized for its carbon footprint, crypto mining, and bitcoin mining in particular, is a profitable business. It is dominated by large, financially powerful companies. But the operation remains accessible to a handful of independents, some of whom are renowned for their efficiency.
Lugano, 17 October 2023 – Gabbani, the esteemed Lugano-based hospitality company, is unveiling a new project that will help propel Lugano’s status as the leading European blockchain hub. This initiative combines sustainable energy practices with cryptocurrency mining and aims to harness the excess energy from Gabbani’s food production facilities for a…
About 6 months from now, the Bitcoin halving, which is the 'halving' of rewards given to miners working with the Bitcoin protocol, is set to take place. The Bitcoin halving has been the subject of various speculations and analyses, with discussions ranging from the potential price increase of BTC to the challenges miners might face, as well as systemic effects. JP Morgan predicts that this event will have a negative impact on the profitability of mining operations.
Between China and the United States, the hatchet has never been buried. The trade war initiated by the two superpowers in 2018 took on a different form a year later. Since 2019, analysts have renamed this Sino-American antagonism the 'technology war.' It began with a decree banning Chinese technologies meant for equipping American 5G companies. Packs of sanctions followed this restriction, unfortunately creating a boomerang effect. Electronic giants specializing in bitcoin mining chips like Intel and Nvidia are suffering.
An unexpected event has shaken the very foundations of Bitcoin, the most famous and valuable digital currency. Marathon Digital, one of the most technologically advanced mining companies, recently mined an invalid block. But what does this mean for the network and all of us?
Bitmain will supply Core Scientific with 27,000 latest generation bitcoin miners and signs new hosting agreement
Things are looking up for the American miner Core Scientific, which has been on the brink of bankruptcy for a year.
The Terra storm heavily impacted the Bitcoin price and several crypto projects, including Celsius Network. In July 2022, the crypto lender formerly led by Alex Mashinsky declared bankruptcy, with a balance sheet burdened by over $4.7 billion in debt to its users. However, the Celsius team remained resilient during these challenging times. Recently, the bankruptcy court gave the green light for the execution of the financial restructuring plan for this crypto company. To top it off, Celsius acquired a Bitcoin mining site in Texas.
MIAMI (BUSINESS WIRE) - U.S. Data Mining Group, Inc. dba US Bitcoin Corp (“USBTC” or “the Company”), a leading operator of large-scale data centers for new-age workloads such as digital asset mining, is thrilled to announce that it has secured a deal with Celsius Network LLC (“Celsius”) to host an initial 8,500 miners with an estimated sticker hashrate of 820 petahash (PH) at the USBTC Alpha Site. This significant agreement represents a robust advancement in the Bitcoin mining industry and continues the strong collaboration between USBTC, and Celsius, with support from the Fahrenheit, LLC coalition (“Fahrenheit”) which includes USBTC, Arrington Capital, Proof Group Capital Management, Steven Kokinos, and Ravi Kaza.
After El Salvador, Bhutan and Russia, the Sultanate of Oman is now rolling out the red carpet for bitcoin miners.
Dropbox n’est pas une entreprise crypto en tant que telle. Il s’agit d’une plateforme qui propose à ses utilisateurs, des services de stockage et de partage en ligne de données en temps réel. Une offre qui semble détournée de son objectif initial.
While Bitcoin continues to demonstrate its resilience, the scientific community is making revelations that are highly agitating the quantum threat. Researchers in South Korea and China have reportedly discovered an extraordinary superconductor called LK-99, a material that could be used to create quantum laptops capable of breaking BTC private keys very easily. If confirmed, this discovery could open a new page in the history of cryptography and sound the death knell for the world's most powerful cryptocurrency. Should this superconductor be considered a threat to cryptography? Answer.
What is the probability of winning 6.25 bitcoins by mining alone, i.e. without using a pool?
A solo miner defies the odds and hits the jackpot! With a one in 5,500 chance, this independent miner struck gold by solving a Bitcoin block worth 6 BTC, approximately $160,000. What makes this remarkable feat even more impressive is that it was achieved using mining hardware that is six years old.
Every four years, the Bitcoin protocol experiences an event known as the Halving. It is undoubtedly one of the most significant events in the network. This highly anticipated event involves a change in the protocol's monetary policy by halving block rewards. In April 2024, the block reward will drop to 3.125 BTC. With this crucial deadline approaching, how can you best prepare?
Two Bitcoin developers are stepping up to the plate to criticize the increased transaction fees caused by BRC-20.
The hashrate of Bitcoin broke its record on Tuesday, May 2. How can we explain such a sudden increase?
The Russian mining industry is experiencing strong growth, with BitRiver leading the way, propelling Russia into the top 3 globally.
Just one year after its debut, Intel is ending its production of ASICs dedicated to bitcoin mining.