Mining

Marathon Digital, a Bitcoin mining firm, signed an $80 million agreement with Kenya’s Ministry of Energy and Petroleum to boost the country’s renewable energy infrastructure. Market observers explained that the partnership supports Marathon’s strategy to diversify its operations as mining difficulty increases. Marathon to Build Green Data Centers in Kenya Marathon Digital plans to invest over $80 million in developing renewable energy data centers. Kenya’s energy grid is approximately 80% renewable, leveraging wind, solar, hydroelectric, and geothermal sources, with geothermal…

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The post From Bitcoin to CoNET: Pioneering a Privacy-Centric, Reward-Driven Blockchain Network With Mining Open for Everyone appeared first on Coinpedia Fintech News In the electronic age, privacy is indispensable for an open society. Privacy is something someone doesn’t want to make public, unlike a secret, which is something someone doesn’t want anyone to know. Privacy is a form of power, that allows someone to decide what to make public and what to keep private. — “The Crypto Anarchist Manifesto”So…

Bitcoin mining difficulty has adjusted upwards by nearly 2%, reaching over 84.4 trillion, as the network’s average hash rate surged past 600 EH/s. This increase comes amid growing optimism in the crypto market, particularly due to speculation about the potential approval of spot Ethereum ETFs in the United States. Notably, Bitcoin mining difficulty measures how difficult it is to find a hash below a given target. The Bitcoin network has a global block difficulty that adjusts every 2,016 blocks (roughly every…

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Venezuela’s National Power Ministry has cracked down on Bitcoin mining farms, disconnecting them from the country’s electricity grid and seizing over 11,000 Bitcoin miners. The crackdown is part of the Venezuelan government’s efforts to reduce the power consumption of Bitcoin mining farms, which have been siphoning energy from the country’s power grid.  Venezuelan Authorities Crack Down On Crypto Mining  According to the country’s power ministry, it was executing an operation to supervise the activities of high-powered customers connected to the…

Concerns about Bitcoin mining centralization have resurfaced following a notable event involving AntPool, the second-largest BTC mining pool On May 17, AntPool mined seven consecutive blocks between block heights 843,893 and 843,904 in one hour and thirty-eight minutes. AntPool Mines 7 Consecutive Blocks During this period, the mining pool confirmed over 20,000 transactions and earned 23 BTC—21.875 BTC in mining rewards and 1.283 BTC in fees. AntPool 7 Consecutive Mined Blocks. Source: Mempool.space This impressive streak caught the crypto community’s…

Singapore, Singapore, May 17th, 2024, Chainwire Mining Now, a trusted and reputable real-time crypto-mining insights provider company, is thrilled to announce the launch of its versatile platform that attempts to give unbiased insights associated with crypto mining as well as real-time Asic profitability tracking where people can analyze and compare the crypto mining hardwares to draw well-informed inferences. It is designed to bridge the gap between miners around the world and the crypto landscape with Mining Now’s user-friendly interface intending…

Bitcoin price is in rebound mode after slightly impressive US Inflation – CPI data. Impact of general market trend and Bitcoin halving on miners explored by analysts. The selling pressure for Bitcoin (BTC) is projected to ease following the release of April’s Consumer Price Index (CPI). At the same time, prominent crypto analysts highlight a potential consolidation phase for Bitcoin miner revenue. Bitcoin’s Reaction to CPI Data Following information from the United States Bureau of Labor Statistics (BLS) showing that…