2 Cents per Kilowatt Hour: Bitfarms to Launch a 210 MW Bitcoin Mining Operation in Argentina

The Canadian publicly traded bitcoin mining company Bitfarms has announced a deal that will see the company developing a 210 megawatt (MW) mining farm in Argentina. Bitfarms says that the company was able to secure a low electricity rate at $0.02 per kWh during the contractual period. Argentine-Based Bitcoin Mining Facility Aims to Acquire 210 […]

Bitcoin Hashrate Drops Over 45%, Xinjiang Grid Blackouts Blamed, BTC Price Slides 10%

Bitcoin Hashrate Drops Over 45%, Xinjiang Grid Blackouts Blamed, BTC Price Slides 10%Since April 15, the Bitcoin network hashrate has dropped more than 49% after touching an all-time high at 218 exahash per second. Regional reports noted that in China the Xinjiang grid is having blackouts and “safety inspections.” Reports Claim Blackouts in Xinjiang, China Have Pushed Bitcoin’s Hashrate Down 49% At the time of writing, the […]

Bitriver to Sell Tokens Backed by 100 Megawatts of Low-Carbon Siberian Mining Power

Bitriver to Sell Tokens Backed by 100 Megawatts of Low-Carbon Siberian Mining PowerOn April 12, the international provider of colocation services for low-carbon cryptocurrency mining Bitriver announced it is launching a pre-sale of tokens backed by 100 megawatts (MW) of mining power in Siberia. The ERC20 tokens called “bitriver token (BTR)” will represent a single watt-hour (Wh) of Bitriver’s power in Bratsk. A Low-Carbon Crypto Mining Token […]

Online Game Operator The9 Plans to Purchase 2,000 Bitcoin Miners for Over $6 Million

Online Game Operator The9 Plans to Purchase 2,000 Bitcoin Miners for Over $6 MillionThe Shanghai-based online game operator, The9 Limited, has revealed the company is planning to acquire 2,000 Canaan Avalonminers for over $6 million in a stock deal. The9’s binding memorandum of understanding (MOU) explains that the new units will give the company 0.1 exahash of bitcoin hashpower. On April 9, the publicly-listed gaming and internet company […]

Texas Bitcoin Mining Swells- Riot Purchases Mining Site for $650M, Blockcap Establishes HQ in Austin

Texas Bitcoin Mining Swells- Riot Purchases Mining Site for $650M, Blockcap Establishes HQ in AustinThe Lone Star State of Texas is solidifying its role as a bitcoin mining and blockchain hub. This week two major bitcoin mining companies established operations in Texas. The company Riot Blockchain purchased a mining site in Rockdale and the bitcoin mining firm Blockcap announced establishing headquarters in Austin. Blockcap Sets Up Headquarters in Austin, […]

Texas Bitcoin Mining Swells- Riot Purchases Mining Site for $650M, Blockcap Establishes HQ in Austin

Texas Bitcoin Mining Swells- Riot Purchases Mining Site for $650M, Blockcap Establishes HQ in AustinThe Lone Star State of Texas is solidifying its role as a bitcoin mining and blockchain hub. This week two major bitcoin mining companies established operations in Texas. The company Riot Blockchain purchased a mining site in Rockdale and the bitcoin mining firm Blockcap announced establishing headquarters in Austin. Blockcap Sets Up Headquarters in Austin, […]

Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 Million

Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 MillionFollowing the acquisition of the Chinese mining pool Btc.com, the China-based lottery company 500.com revealed the purchase of a bitcoin mining rig manufacturer Bee Computing. The Shenzhen firm purchased the semiconductor and mining device manufacturer for roughly $100 million in a share exchange agreement. 500.com Changes Name to Bit Mining Limited and Acquires Bee Computing […]

Bitcoin Mining Difficulty Sets New Records, BTC Miners Capture $1.5 Billion in Revenue Last Month

Bitcoin Mining Difficulty Sets New Records, BTC Miners Capture $1.5 Billion in Revenue Last MonthOn Friday, April 2, 2021, Bitcoin’s mining difficulty is the highest it has even been in its lifetime but bitcoin miners still captured record revenues last month raking in $1.5 billion in coinbase rewards and transaction fees. Today, the blockchain’s hashrate is around 160 exahash per second (EH/s) with 17 pools dedicating hashpower to the […]

Youtuber Builds a Bitcoin Miner Out of a 31-year old Nintendo Game Boy

On Saturday, a popular Youtuber named Stacksmashing published a video that shows him hacking a 1989 Nintendo Game Boy in order to mine bitcoin. Despite the creativity and the fact that the miner only leverages four double-A batteries, Stacksmashing noted that the 8-bit handheld game console was not nearly as powerful as today’s modern mining […]

DMG and Argo to Launch a Clean Energy-Focused Bitcoin Mining Pool

DMG and Argo to Launch a Clean Energy-Focused Bitcoin Mining PoolThe blockchain and crypto firm DMG Blockchain Solutions has revealed a partnership with the crypto asset mining business Argo Blockchain. The two firms have decided to launch a bitcoin mining pool that’s focused on leveraging clean energy resources. DMG Blockchain Solutions (TSX-V: DMGI) and Argo Blockchain Plc (LSE: ARB) have recently entered into a Memorandum […]