Bitcoin Mining News

Court sides with Grayscale over the SEC in crypto ETF case After the Securities and Exchange Commission was found to have erred in denying cryptocurrency investment firm Grayscale permission to transform its well-known bitcoin trust into an ETF, the price of bitcoin increased on Tuesday. Following the decision, Bitcoin increased by around 5.9% to $27,523.61, according to Coin Metrics. The action increased the value of cryptocurrencies in general and of cryptocurrency stocks. Investors and other industry participants have been keenly following Grayscale's action against the SEC as a potential catalyst to jolt a market plagued by low volatility and liquidity. Early this month, the volatility of bitcoin trading reached its lowest point in more than four years as investors waited impatiently for further legal certainty on cryptocurrency activity, whether in the form of new legislation from Congress or the possibility to introduce a spot bitcoin ETF. Already, a number of bitcoin futures...

A world's first! Eureka Digital Mining Inc. and the Intelliflex team are so excited to receive the VERY first M56S++ from our friends and trusted partners at MicroBT. This latest gen, immersion specific miner is 254TH at 22W/TH stock and a whopping 330TH in hi-performance mode.  How does 1/4 Exahash per IMDC6.0 module sound!!?? Meet Bryan and the Intelliflex team in person July 25-27, 2023 in Miami at Mining Disrupt and cool off with exotic ice cream while touring their ground breaking immersion module. Join thousands of investors, Bitcoin B2B and Institutional at the World's Largest Bitcoin Mining Conference & Expo- Mining Disrupt July 25-27, 2023 in Miami. Get your Tickets now at  https://miningdisrupt.com Chat, Network and Connect with many thousands of Miners and Professionals on the official Mining Disrupt Telegram Group:  https://t.me/MiningDisruptOfficial Mining Disrupt email: conference@miningdisrupt.com

Collaboration for Hashing Systems between Chain Reaction and ePIC Blockchain Today, ePIC Blockchain, a pioneer in Bitcoin mining systems, and Chain Reaction, a semiconductor firm focused on innovative blockchain and privacy hardware, announced their partnership to develop ePIC's next-generation hashing systems for mining Bitcoin. The systems will be built on EL3CTRUM ASICs from Chain Reaction, with delivery anticipated for late 2023. As the computing speed of the Bitcoin network approaches one zettahash per second, more advanced technologies must be adopted. Additionally, Bitcoin miners are anxiously locating and securing hardware that can give ever-increasing efficiency as the anticipated halving in mid-2024 draws near. Chain Reaction and ePIC Blockchain are partnering to utilize their knowledge in ASICs, GPUs, network architecture, and system domains to create high-performance and effective solutions for the Bitcoin proof-of-work problem. Scalability will be made possible through...

Another World First from Alpha Miner Oops, they did it again. Now officially, another World First from Alpha Miner team. Successful testing is finished, and orders are now taken. A universal power supply, replacing every version of APW121215 with a single SKU - A, B, C, D, E, F, G, we cover them all! Comes in 4200W orignal PSU replacement, 5600W air overclock, and special designed 5600W, 7200W, 9500W immersion models.  • cTUVus (UL), FCC, CE certified.  • Customized to your particular requirements • Real warranty, provided by one of the best in business HM Tech • Real support, including online • 180-300V input • Every possible protection for the PSU and miner • Improved harmonics Want to see it first hand and learn more? Join us  at the World's Largest Bitcoin Mining Conference & Expo- Mining Disrupt July 25-27, 2023 in Miami. Get your Tickets now at  https://miningdisrupt.com Chat, Network and Connect with many thousands of Miners and Professionals ...

A Joint Venture Between Atlas Power and Giga Energy Will Use Stranded and Flare Gas for Bitcoin Mining A ground-breaking joint venture to use stranded and flared gas for Bitcoin mining operations has been announced by Atlas Power, a leading provider of Bitcoin mining infrastructure led by CEO Kevin Washington and COO Jeff Young, and Giga Energy, a pioneer in cutting-edge gas-to-energy solutions founded by Brent Whitehead and Matt Lohstroh. This alliance hopes to capitalize on the rising demand for eco-friendly and effective Bitcoin mining solutions while addressing environmental issues related to gas flaring. In the joint venture, Atlas Power will supply cutting-edge Bitcoin mining equipment, and Giga Energy will offer its knowledge in capturing and converting flare gas into power. Through their cooperation, the businesses are able to conserve a resource that would otherwise be wasted, lower their greenhouse gas emissions, and profit from the energy-intensive Bitcoin mining process. Th...

For the first time in years, Ordinals upend Bitcoin mining by pushing transaction fees above the mining reward. A potentially positive development following the recent setback the industry has experienced is that some bitcoin (BTC) miners are now being paid more to process transactions on the blockchain than they are for creating new BTC for the first time since 2017. The two major ways that bitcoin miners generate revenue are by processing network transactions and creating new bitcoins by crunching numbers. The first has intentionally become less profitable over time; the payout is occasionally slashed in half. This payment is presently 6.25 BTC and will decrease once more in 2019. Therefore, there raises the possibility of an existential threat to the long-term viability of mining: once all of BTC has been mined, the mining reward will eventually disappear (presumably in more than 100 years). Therefore, the sharp increase in transaction processing earnings over the past few months ma...