CleanSpark’s CEO Zach Bradford said his firm was setting its sights on increasing future hash rate instead of branching out to alternative revenue streams.
Read moreBitcoin hash rate dips as miners turn off unprofitable ASICs post-halving
Despite the recent block reward halving, only the profitability of Bitcoin miners with less efficient mining rigs is endangered, according to Terawulf’s Nazar Khan.
Read moreBitmain Sets Release for L9 Miner, Promising ‘Unchallenged’ Efficiency in Scrypt Mining
According to the application-specific integrated circuit (ASIC) mining rig manufacturer Bitmain, the firm is gearing up to introduce its latest Scrypt miner. The L9, which
Read moreBitcoin Mining Difficulty Dips 2.65%; Network Clocks Modest Uptick in Hash Price
On Tuesday, September 5, 2023, Bitcoin’s mining difficulty experienced a 2.65% dip at block height 806,400, offering a slight reprieve for miners. This marks the
Read moreRiot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving
The new rigs will add 7.6 EH/s to the firm’s self-mining capacity, but won’t be installed until the first quarter of 2024.
Read moreBitcoin ASIC miner prices hovering at lows not seen in years
ASIC miners’ price per terahash has fallen more than 80% from its peak in 2021 as Bitcoin mining machines continue to flood the marketplace.
Read more