Fractal Bitcoin: good or bad for mining revenues?
August 2024 represented the worst month for Bitcoin mining revenue since September 2023, with $827.56 million in fees generated. Go to Source
Bitcoin Mining
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Bitcoin Miner Iris Energy Increases Mining Output by 10%
Iris Energy has reported a 10% increase in bitcoin production during August 2024, with the company mining 245 bitcoin. The improvement is attributed to higher operational efficiency and reduced electricity costs following the company’s transition to spot pricing. Iris Energy’s Bitcoin Mining Efficiency Leads to Output Growth In its August 2024 investor update, Iris Energy … Read more
Converting mining sites to AI data centers isn’t seamless: Sabre56 CEO
According to CEO Phil Harvey, Bitcoin miners will average roughly $1.50 in revenue per terahash every month during the current market cycle. Go to Source
US regulator again delays decision on eco-friendly Bitcoin ETF
The carbon-offset Bitcoin ETF has been waiting on regulators since December 2023. Go to Source
Bitfarms responds to Riot Platforms’ proposed board changes
Riot Platforms called the recent board changes at Bitfarms a “step in the right direction,” but stressed that more change is needed. Go to Source
Bitcoin network hashrate reaches new all-time high
Bitcoin network difficulty, a closely related yet separate metric, is also at historically high levels and currently sits at 89.4 trillion. Go to Source
Academic Paper Demonstrates Bitcoin Mining’s Potential to Mitigate Methane Emissions
Researchers Murray A. Rudd, Matthew Jones, Daniel Sechrest, Daniel Batten, and Dennis Porter have unveiled a new study showcasing a cutting-edge framework that fuses landfill gas-to-energy (LFGTE) systems with bitcoin mining. This innovative strategy is designed not only to combat methane emissions but also to unlock new economic opportunities. Study Merges Landfill Gas-to-Energy Systems With … Read more
Riot Platforms urges Bitfarms board changes ahead of crucial October meeting
Riot Platforms urges further changes to Bitfarms’ board, proposing two independent directors ahead of the Special Meeting. Go to Source
Bitcoin miner revenues dwindle as halving erodes mining volumes: Bitbo
Mining revenues hit 12-month lows in August, according to Bitbo. Go to Source
Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Year’s Low
Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023. Onchain fees collected in August also dipped, reaching a low not seen since last year, with a $4.14 million drop compared to July. August Bitcoin Mining Revenue Drops $99.75M Lower Than July The ongoing effects … Read more
