ASIC Mining

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Amid Shifts in Bitcoin Mining Economics, Steep Discounts Emerge for Older ASIC Rigs

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According to current metrics, older bitcoin mining rigs are not generating the same revenue as they did before the halving, particularly with the hashprice at approximately $0.056 per terahash per second (TH/s) per day. On April 25, Luxor Technologies reported a significant decline in the prices of application-specific integrated circuit (ASIC) bitcoin mining rigs, highlighting … Read more

Top 10 Bitcoin Mining Rigs of 2024: Leading the Charge in Crypto Earnings

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Over the past month, the valuation of bitcoin has seen a notable increase, leading to significantly enhanced profits for today’s most sophisticated application-specific integrated circuit (ASIC) bitcoin mining devices. As of March 16, 2024, the top ten ASIC miners focused on the SHA256 consensus algorithm are generating daily earnings ranging from $10 to $21, assuming … Read more

These Are the Most Profitable Proof-of-Work Algorithms Since Ethereum Moved to Proof-of-Stake

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Since the transition from proof-of-work (PoW) to proof-of-stake (PoS), ethereum cannot be mined and miners are now dedicating hashrate to different PoW chains. Since ethereum can no longer be mined, the most profitable PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32. Five days ago, before The Merge, the consensus algorithm Ethash was the most profitable, … Read more

Bitcoin Price Holds at $23K, Miners Continue to Capitulate and Sell BTC

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Bitcoin and Ethereum prices continue to trade sideways this weekend after establishing support at the $23k and $1,700 levels, respectively. The global cryptocurrency market cap remains unchanged at the $1.1 trillion level, as we see 24-hour trading volume for BTCUSD drop by 10%, while ETHUSD’s trading volume saw an increase of 4%. The markets will … Read more

Ebang Hopes to Capture a ‘Competitive Edge’ After Developing a Next-Generation 6nm Bitcoin Mining Chip

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The publicly-listed bitcoin mining rig manufacturer Ebang has announced the completion of a new 6nm ASIC mining chip. Ebang believes the next-generation mining chip will give the firm’s ASIC products a “competitive edge” in the ambitious bitcoin mining industry. Mass Production of 6nm Chips to Begin When Market Conditions Become Suitable During the last few … Read more

Publicly-Listed Lottery Company to Buy $14.4M Worth of Bitcoin Mining Machines

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A U.S. listed Chinese sports lottery firm announced that it has entered into a purchase agreement to acquire bitcoin (BTC) mining machines. The deal involves the issuing of $14.4 million worth of 500.com Class A ordinary shares. Models Include S17, T17, M20s and S9 According to the announcement, 500.com Ltd reached an initial agreement to … Read more

Chinese Bitcoin Miners Develop Strong Relationships and Crypto Mining Facilities in Iran

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During the last few months, crypto proponents have focused their attention on Iran. The Iranian President Hassan Rouhani initiated a new mining strategy last May, and the government-licensed 14 bitcoin mining farms in July. According to the Chinese mining operation Lubian, it claims to operate one of these regulated bitcoin mining farms in the oil-rich … Read more

Bitcoin Going Industrial: New York-Based Natural Gas Provider Sells Fully Compliant ‘Hashpower Contract’

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During the first week of March, news.Bitcoin.com reported on a $65 million investment into the ‘behind-the-meter’ bitcoin mining operation, Greenidge Generation LLC in Dresden, New York. The Greenidge plant operates 7,000 bitcoin miners and on April 8, the firm revealed the sale of 106 petahash of hashpower to an undisclosed buyer. The purchase is considered … Read more