Bitcoin mining could be one of the most profitable businesses on the planet
Would you believe that Bitcoin mining generates just as much revenue as the age-old pursuit of unearthing gold and silver ore? Right now, minting this most unorthodox asset may also rank as the most profitable major industry on the planet. The entrepreneurs running their towering racks of rigs 24/7 were garnering stupendous margins when prices […]
Minerset is a shareholder in ISW Holdings and has provided miners for their current project in Georgia with Bitmain, A world leading crypto miner manufacturer.
Minerset supplies ISW newest mining operation in George with Bitmain S19. The Agreement will form the structure for the launch of the first phase of the Company’s cryptocurrency hosting and mining operation in Georgia. Additional details related to this Agreement will be discussed in the near future. Irene Gao, Antminer BD Director for Bitmain’s NCSA […]
Marathon Digital expands mining operations with 30.000 new crypto miners
U.S-listed bitcoin mining firm Marathon Digital said it has signed a new purchase order to buy 30,000 units of Bitmain’s flagship bitcoin mining hardware the Bitmain S19j Pro. Marathon’s latest preorder is in addition to the 100,000 Bitmain’s S19 series machines that it already bought since last year that were estimated to be fully delivered […]
ETH trading volume grew faster than Bitcoin in Q1 2021
Ether’s trading volume grew faster than Bitcoin’s in the first half of this year, according to a new report from leading American crypto exchange Coinbase. The Coinbase Institutional “H1 2021 in Review” report, released on Monday, acknowledged that the first half of this year has been one of the most active periods on record for crypto, with […]
Sorare to Raise $532M in Funding, exceeding $3.8 billion valuation
The Paris-based company’s valuation could exceed $3.8 billion, the article said, based on comments from three unnamed sources. The amount would represent the largest capital raise in the history of France’s technology sector, according to the story. In February, the company already raised $50 million in Series A funding round. Now Japanese investment firm SoftBank […]
Crypto mining Hashrate now down 39% from annual peak
the hash-rate has recovered from the peak-trough decline of 55%, to around a 39% decline. Should this level hold and be representative, it would indicate that hash-power equivalent to around ~29% of the affected hash-power has come back online. This could be due to: Miners in China that have successfully relocated hardware, Previously obsolete hardware […]
Henan, Gansu, and Anhui stop crypto mining amid a nationwide crackdown
Three provinces in China have joined a growing list of jurisdictions in the country that have ordered a halt to crypto mining amid a nationwide crackdown on the industry. Heifi Online, a Chinese state-owned website in Anhui, reported Wednesday that the province will “clean up and shut down” crypto mines to avoid an imminent power shortage. Also […]
Ohio and Georgia to pioneer Nuclear-powered bitcoin mining
According to a PR of EnergyHarbor: The bitcoin mining endeavor will commence in December of 2021. Standard Power will convert an abandoned paper mill in Coshocton, Ohio into a mining facility that uses energy from Energy Harbor’s nuclear power plants. Maxim Serezhin, Standard Power’s Chief Executive Officer said: By partnering with Energy Harbor, we have proactively […]
Bitcoin mining: an increasingly sustainable industry
Much has been said about the environmental footprint of Bitcoin, both for energy consumption and carbon emissions. Even weeks after Bitcoin’s genesis block was mined, precursor Hal Finney (1956-2014), the first to run Bitcoin software after Satoshi Nakamoto, posted the following statement on Twitter: “Thinking about how to reduce CO2 from a widespread implementation of […]
More than $1 billion spent on crypto-linked Visa cards
Visa announces it is partnering with 50 of the leading crypto platforms on card programs that make it easy to convert and spend digital currency at 70 million merchants worldwide. With more than $1 billion spent on crypto-linked Visa cards in the first half of 2021, it’s clear that the crypto community sees value in […]
