2024 Bitcoin Mining: Key Industry Developments Revealed (Report)
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Prominent Bitcoin mining pool Foundry Digital reportedly slashed 27% of its workforce this week. The layoffs, which affected 74 employees, reflect a strategic shift to prioritize core operations, including its Bitcoin mining pool and site operations. This decision follows an internal restructuring within the Digital Currency Group (DCG), Foundry’s parent company. CEO Mike Coyler stated
Bitcoin hash rate continues to chart astounding record highs just weeks before the fourth halving. Meanwhile, critics worry Bitcoin mining could be hazardous to the environment. That hasn’t stopped the price from soaring to a multi-year record high of $46,670, 67% of its historical all-time high price of $69,000 in November 2021. However, according to
How Bitcoin Mining Could Actually Make The Earth Greener (Opinion) Read More »
Last updated: January 23, 2024 22:18 EST | 3 min read X Mining is a hot new cloud mining platform designed to revolutionize how individuals engage with Bitcoin mining in 2024. By integrating the convenience of tokenized staking with the reliability of blockchain, X Mining is set to democratize access to Bitcoin mining, making it
Last updated: January 22, 2024 00:22 EST | 2 min read Source: PixabayB.Riley, an investment firm that has backed numerous Bitcoin mining projects, is allegedly involved in a probe brought forth by the United States Securities and Exchange Commission (SEC), according to a new report from Bloomberg. B.Riley’s deals in question following business with alleged
Crypto Mining Investor B.Riley Facing SEC Probe Read More »
Last updated: January 17, 2024 20:36 EST | 2 min read Sustainable energy use for Bitcoin (BTC) mining reached an all-time high of 54.5% in 2023, a 3.6% increase throughout the calendar year. The analysis, conducted by The Bitcoin ESG Forecast, compared Bitcoin’s sustainable energy mix to other industries using publicly available data over the
Bitcoin Mining Using Sustainable Energy With a Record High of 54.5% in 2023 Read More »