bitcoin mining
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Pickaxe is an open-source software agent developed for use with Foreman.mn, a Bitcoin mining management platform. It serves as the intermediary between ASIC mining hardware and the Foreman dashboard, enabling operators to collect, transmit, and visualize real-time performance data. Running locally on a computer or server within the mining environment, Pickaxe queries miners directly to…
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The Bitcoin Mining Air Coolant Energy Operation Equation offers a simple way for bitcoin mining engineers to translate machine count into megawatts in a language that utility operators and engineers understand. The core idea is that modern air cooled ASIC miners usually draw around 3,000 to 3,500 watts per machine, so a fleet’s IT load…
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DIN EN ISO 12100 is a European machinery-safety standard that establishes the foundational principles for the design, risk assessment, and hazard mitigation of machines and machine assemblies. It defines a machine as an integrated system of connected components, including at least one moving part, powered by a source other than human or animal effort and…
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Mawson Infrastructure Group Inc. (NASDAQ: MIGI) announced two significant corporate developments that signal renewed stability and technological expansion. The U.S. Bankruptcy Court for the District of Delaware has officially dismissed the involuntary Chapter 11 petition previously filed against the company by certain Australian-based entities. The dismissal removes a cloud of legal uncertainty that had surrounded…
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Strategy Inc. (ticker: STRC), a subsidiary of MicroStrategy Incorporated, announced the annual dividend rate on its preferred stock has been raised to 10.25%. The increase follows earlier reports the rate stood at 10% and rises to 10.25% starting with dividends for the period ending October 31. Saylor posted on his X account: “Stretch your income.…
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Bitcoin mining hardware exhibits a relentless pace of technological advancement, where successive generations achieve hashrate increases previously considered unattainable. The chart models four mathematically grounded growth trajectories, demonstrating how rapidly contemporary petahash-scale systems may be superseded. Projections underscore that even conservative pathways suggest today’s performance benchmarks will soon be eclipsed. To quantify the range of…
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The Zyber 8 is a new bitaxe prototype developed by Tiny Chip Hub Sources familiar with the project claim that the Zbyer 8 Supra (blue) can reach 5-7 TH/s and the Zyber 8 Gamma (purple) can reach as high as 13TH/s at about 150W/h. There is also hydro-coolant model in production. All indicators suggest that…
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The Pacific Bitcoin Festival 2023 had a valuable session led by Bitcoin mining industry experts Bob Burnett, Steve Barbour, Taylor Monnig, Matt Lohstroh, and Lauren Lin. The discussion centered on the spectrum of cooling methods, from traditional air and immersion techniques to innovative hydro cooling methods. Air Cooling: The Old Reliable Air cooling is often…
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Esptool.py is a Python-based utility created by Espressif for flashing firmware onto ESP8266 and ESP32 chips. It operates cross-platform—working on Windows, Linux, and macOS—and is executed from the command line using Python. Although its name ends in .py, users interact with it using simple terminal commands, not actual Python code. The command-line arguments passed to…
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Bitmain’s upcoming Antminer S23 Hyd 3U is poised to debut in January 2026, delivering a peak hashrate of 1.16 PH/s for Bitcoin miners using the SHA-256 algorithm. The unit consumes 11020W of power and boasts an energy efficiency of 9.5 J/TH, placing it among the most efficient hydro-cooled models to date. Compact in a 3U…
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In the previous attempt to predict the future Hashrate for ASIC machines, the equation and the numbers were in fat mathematically correct, but we needed to get the most efficient data possible instead of just picking out numbers that were merely anticipated and had no mathematical basis. For the math to make sense, we need…
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Bitcoin mining hardware exhibits a relentless pace of technological advancement, where successive generations achieve hashrate increases previously considered unattainable. The chart models four mathematically grounded growth trajectories, demonstrating how rapidly contemporary petahash-scale systems may be superseded. Projections underscore that even conservative pathways suggest today’s performance benchmarks will soon be eclipsed. To quantify the range of…
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Landauer’s Principle is a fundamental law of physics that establishes the minimum possible amount of energy required to irreversibly change or erase one bit of information in a computational process. This principle is rooted in the second law of thermodynamics, which states that any logically irreversible operation, such as resetting a bit from one state to…
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According to Miningstore.com, U.S. tariffs set to take effect August 1st impose duties of 36% on Thailand‑made ASICs, 32% on those from Indonesia, and 25% on machines from Malaysia and China raising landed costs for new mining hardware. These sharp increases apply to new and replacement ASICs, affecting valuation of both future purchases and existing…
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Ethiopian Electric Power generated approximately $200 million in the first half of 2025 from bitcoin miners, leveraging surplus hydroelectric power from the Grand Ethiopian Renaissance Dam . Annual revenue from bitcoin mining now makes up around 18 percent of total electricity sales for EEP, a jump from $55 million over ten months in late 2024. Over 25 mining firms have signed…
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For the past month or so there were several bitaxe devices at my micro data center that indicated they were in a state of overheating. You will see a tab on your dashboard that says “Bitaxe has overheated – See settings.” It is likely that your machine needs a firmware update. While I did create…
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Eric Trump recently stated, “Bitcoin is leading the way in digital transformation,” during a public appearance, underscoring the Trump family’s increasing involvement in the cryptocurrency sector. Eric Trump and his brother, Donald Trump Jr., have been actively expanding their presence in the crypto industry. They co-founded American Bitcoin, a mining venture in partnership with Hut…
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In a recent CNBC interview, Michael Saylor, Executive Chairman of Strategy, addressed concerns about quantum computing’s potential impact on Bitcoin’s cryptographic security. He acknowledged that if a powerful quantum or supercomputer capable of breaking current cryptographic standards were developed, the Bitcoin protocol could undergo a software update to adopt quantum-resistant cryptographic algorithms. Saylor emphasized that…
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If your SupraHex unit is not appearing on your mining pool dashboard, it’s likely due to outdated or incompatible firmware. To resolve this issue: Check for the latest firmware release by clicking the Check in the settings section of your miners graphical user interface (GUI). After the Download of the “esp-miner.bin” and “www.bin” files upload…
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Bitdeer Technologies Group (NASDAQ: BTDR) has successfully completed testing of its latest Bitcoin mining chip, SEAL03, achieving a power efficiency of 9.7 joules per terahash (J/TH) in ultra power-saving mode. This milestone aligns with the company’s SEALMINER technology roadmap and reflects its commitment to advancing mining performance and energy efficiency. Developed in collaboration with Taiwan…
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According to Reuters, Bitmain, Canaan and MicroBT—together controlling over 90 % of the global Bitcoin mining hardware market—have begun relocating parts of their production to the U.S. in order to avoid escalating tariffs introduced by the Trump administration. Per Reuters, Bitmain initiated U.S. assembly of its mining rigs in December 2024, shortly after Trump regained office.…
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Bitdeer Technologies Group (NASDAQ: BTDR), a leading technology company specializing in blockchain and high-performance computing, has announced plans to expand its Bitcoin mining operations into Ethiopia. The company has signed a Share Purchase Agreement (SPA) and a turnkey agreement to acquire and develop a 50-megawatt (MW) mining data center in the Oromia Region for $7.5…
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Bitmain’s upcoming Antminer S23 Hyd 3U is poised to debut in January 2026, delivering a peak hashrate of 1.16 PH/s for Bitcoin miners using the SHA-256 algorithm. The unit consumes 11020W of power and boasts an energy efficiency of 9.5 J/TH, placing it among the most efficient hydro-cooled models to date. Compact in a 3U…
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The rm command in Linux is used to remove (delete) files and directories from the filesystem. It stands for “remove” and is one of the most powerful and potentially destructive commands if used without care. A basic usage like rm file.txt deletes the specified file permanently — there’s no trash or recycle bin involved. To…
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Kentucky has recently enacted House Bill 701, known as the “Bitcoin Rights” bill, which was signed into law by Governor Andy Beshear on March 24, 2025. This legislation safeguards the rights of individuals to self-custody digital assets, operate blockchain nodes, and engage in digital asset transactions without fear of discrimination. It also prohibits local zoning…
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This report will remain under active revision until December 31, 2025. Content may be added, updated, or refined as additional information becomes available. Findings are subject to change throughout the reporting period. Preface I began exploring scientific theories in middle school – around the sixth or seventh grade – and by my high school years,…
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In The Bitcoin Mining Singularity, I introduced a theoretical convergence point — 1 joule of energy producing 1 terahash per second (1 J/TH) — as a future milestone in Bitcoin mining hardware. The prediction was built on data from real ASIC models, beginning with the Antminer S9 in 2016 (100 J/TH) and accelerating to the…
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In a recent social media post, prominent Bitcoin advocate Max Keiser humorously proposed that the United States could maintain fiscal neutrality by selling its substantial cheese reserves to invest in Bitcoin. Keiser’s comment, shared on X.com, stated, “Selling America’s strategic cheese reserve and buying Bitcoin is budget neutral.” The U.S. government has historically maintained significant…
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In El Salvador, students are engaging with Bitcoin mining technology through hands-on experience with NerdMiner devices. These educational tools simulate the Bitcoin mining process, offering an approachable and captivating learning experience. Recent reports highlight that these students are learning to flash NerdMiner devices and connect to public mining pools, achieving solo mining rates of 77…
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Canaan Inc., a leading cryptocurrency mining hardware manufacturer, has secured up to $200 million in funding through a Series A-1 Preferred Shares financing agreement with an institutional investor. The first tranche of $100 million was completed on March 10, 2025, with the remaining $100 million expected in the near term, subject to certain conditions. The…
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This study proposes a new theoretical framework: the Bitcoin Mining Singularity, defined as the point at which one joule of energy yields one terahash per second (1 J/TH) of cryptographic computation. This convergence of energy efficiency and computational output in Bitcoin mining represents a potential milestone in the global evolution of post-industrial labor, energy monetization,…
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Bitfarms Ltd. has reported a 21% increase in its operational hashrate, reaching 19.5 exahashes per second (EH/s) as of March 31, 2025. This growth contributed to the company’s production of 280 bitcoins (BTC) in March, marking a 31% increase from the previous month. The completion of the acquisition of Stronghold Digital Mining, Inc. in…
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Core Scientific Inc. (NASDAQ: CORZ) announced on May 13, 2025, that Todd Becker has stepped down from its Board of Directors, effective immediately. Becker joined the board in January 2024 and served as Chair of the Audit Committee. During his tenure, he played a pivotal role in overseeing two significant capital raises that materially improved…
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Riot Platforms, Inc. (NASDAQ: RIOT) has finalized the acquisition of Rhodium Encore LLC’s assets at the Rockdale Facility for $185 million. The transaction includes 125 megawatts (MW) of power capacity and all tangible assets, such as ASIC miners, previously under Rhodium’s operation. The acquisition terminates legacy hosting contracts with Rhodium, which generated a gross loss…
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Cango Inc. has finalized a $352 million agreement to divest its Chinese auto-financing business to Ursalpha Digital Limited, a company linked to Bitmain’s affiliate, Antalpha. This transaction marks Cango’s full transition into Bitcoin mining operations. The deal includes an upfront payment of $210.6 million, with the remaining amount contingent upon meeting specific tax obligations and…
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CryptoCloaks, a known vendor of Bitcoin mining accessories, was removed from the official Open Source Miners United (OSMU) seller list due to an alleged failure to meet GitHub repository criteria. CryptoCloaks initially tweeted about being delisted after questioning transparency regarding fees associated with Bitaxe boards sold through OSMU. Public Pool, representing OSMU, responded by stating…
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A Canaan Bitcoin miner experienced a power supply unit (PSU) failure, leading to significant damage. An analysis suggests two primary causes: inadequate power delivery from an extension cord and the use of a non-compliant USB-C cable. Theory 1: Inadequate Power Delivery from Extension Cord The PSU was connected via an extension cord, which may not…
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the People’s Bank of China (PBOC) has referred to Bitcoin as an “investment alternative,” signaling a change from its previous stringent stance on cryptocurrencies. This development was highlighted during the Boao Forum for Asia, where Li Bo, then deputy governor of the PBOC, acknowledged the potential of digital assets in the investment landscape. Historically,…
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Marathon Digital Holdings (NASDAQ: MARA) stands out as the sole U.S.-based Bitcoin mining company operating its own mining pool, known as MARAPool. In contrast, other publicly traded mining companies such as CleanSpark (NASDAQ: CLSK) and Riot Platforms (NASDAQ: RIOT) do not maintain proprietary mining pools. Instead, they allocate their hashing power to external pools…
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Matthan “Bill” Burton, a seasoned engineer and journalist in the Bitcoin mining industry, has formally identified the Avalon Q as the most interesting Bitcoin miner of 2025, citing its strong balance of efficiency, affordability, and flexibility for both industrial and at-home use. “Here’s my official take on bitcoin mining efficiency within the bitcoin mining market.…
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Bitcoin Mining Engineer Matthan “Bill” Burton opens Season 14 of BitcoinVersus.Tech with a candid assessment of the global mining hardware race. In the Season 14 premiere of BitcoinVersus.Tech, engineer and consultant Matthan “Bill” Burton delivered a pointed message about America’s position in the bitcoin mining hardware sector. Burton stated that the dominance of Chinese manufacturers…
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Multiple governments and sovereign wealth funds are exploring the establishment of strategic Bitcoin reserves, influenced by the United States’ recent policy shift under President Donald Trump. In March 2025, Trump signed an executive order creating a Strategic Bitcoin Reserve, utilizing over 200,000 BTC seized by U.S. authorities. This reserve is intended to be held indefinitely…
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An individual from the OSMU Discord community has engineered a NerdOctaxe mining rig achieving a hash rate of 10.8 terahashes per second (TH/s) with a power consumption of 157 watts, resulting in an efficiency of 14.5 joules per terahash (J/TH). The NerdOctaxe project is an open-source initiative aimed at developing efficient cryptocurrency mining hardware. The…
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Esptool.py is a Python-based utility created by Espressif for flashing firmware onto ESP8266 and ESP32 chips. It operates cross-platform—working on Windows, Linux, and macOS—and is executed from the command line using Python. Although its name ends in .py, users interact with it using simple terminal commands, not actual Python code. The command-line arguments passed to…
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Canaan Inc. reported a 9.8% increase in Bitcoin mined for March 2025, totaling 90 BTC. The China-based manufacturer and mining operator continues to strengthen its presence in North America, adding 0.32 exahashes per second (EH/s) to its operational capacity. The company also confirmed plans to deploy an additional 4.7 EH/s in computing power, highlighting a…
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The final part of the “Power is Money” series explores the correlation between physics and economics, emphasizing the principle of conservation of energy and the Kardashev Scale. It discusses the significant role of Bitcoin mining in showing how energy mastery and smart resource management can drive economic growth, positioning Bitcoin as a revolutionary asset in…
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Hut 8 Corp., a prominent energy infrastructure platform, has partnered with Eric Trump and Donald Trump Jr. to establish American Bitcoin Corp., a new subsidiary dedicated to industrial-scale Bitcoin mining and the development of a strategic Bitcoin reserve. In this strategic move, Hut 8 contributed the majority of its ASIC miners to American Data…
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In the Bitcoin mining industry, the notion of pricing land based on a per-megawatt ($X/MW) metric is a misconception. As told by Bitcoin Mining Expert Curtis Harris of Compass Mining, Land transactions are typically valued per unit of area, such as acres, and not by their electrical capacity. For instance, leasing five acres of land…
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In a recent deployment, a 5V 70A power supply unit was successfully configured to power three NerdAxe machines—each consuming between 10 to 20 watts, amounting to roughly 6 to 12 amps of draw collectively. The PSU, delivering a robust 350 watts of potential, operates efficiently within its threshold, making it ideal for compact mining environments…
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Crusoe Energy Systems has secured a $3.4 billion joint venture (JV) with Blue Owl Capital and Primary Digital Infrastructure to develop a 200-megawatt AI data center in Texas. The facility, located at the Lancium Clean Campus in Abilene, will cater to the growing demand for AI computing, housing up to 100,000 GPUs to support high-density…
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Bitcoin mining business development now stretches far beyond just energy costs or hardware deployment. It includes brokering long-term power agreements with utilities, acquiring land with favorable zoning laws, and forming strategic partnerships with ASIC manufacturers, firmware teams, and AI compute providers. Leading mining firms are also building relationships with lawmakers to navigate permitting hurdles, access…
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Canaan Inc., a leading provider of high-performance computing solutions, has unveiled the Avalon Q, a professional-grade Bitcoin mining machine tailored for home users. This announcement was made at Mining Disrupt 2025, a prominent industry conference held in South Florida. The Avalon Q delivers up to 90 terahashes per second (TH/s) of hash power with adjustable…
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In the context of embedded systems and hardware-level communication, UART, or Universal Asynchronous Receiver-Transmitter, is a fundamental protocol for serial data transfer. It allows devices to communicate by transmitting data one bit at a time in a sequential fashion. Unlike synchronous protocols, UART does not rely on a shared clock signal but instead uses a…
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In a recent statement, the U.S. Securities and Exchange Commission (SEC) clarified that Proof-of-Work (PoW) cryptocurrency mining activities, such as those involving Bitcoin, do not fall under federal securities laws. The SEC’s Division of Corporation Finance noted that both solo and pooled mining operations do not meet the criteria of a securities transaction under the…
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The Avalon Nano 3S, developed by Canaan, is a compact Bitcoin miner designed for home use, combining cryptocurrency mining with heating functionality. It offers a hashrate of 6 terahashes per second (TH/s) while consuming a maximum of 140 watts of power. The device operates on an input voltage of 28 volts and supports frequencies of…
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CleanSpark, Inc. (Nasdaq: CLSK), a prominent Bitcoin mining company, is set to join the S&P SmallCap 600 index before the market opens on March 24, 2025. This inclusion signifies a notable milestone for CleanSpark, reflecting its consistent performance and growth within the cryptocurrency mining sector. The S&P SmallCap 600 index measures the small-cap segment of…
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Marathon Digital Holdings (MARA) has significantly expanded its operations by acquiring two operational data centers in Hannibal and Hopedale, Ohio, totaling 222 megawatts (MW) of interconnect-approved capacity. These sites currently operate at 122 MW, with approval to expand by an additional 100 MW. Additionally, MARA is developing a 150 MW facility in Findlay, Ohio, which…
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Data centers, the backbone of our digital world, employ various cooling methods to maintain optimal operating temperatures for their equipment. One such method is immersion cooling, where IT components are submerged in thermally conductive, dielectric liquids. technique allows for efficient heat dissipation, as the liquid directly contacts heat-generating components, reducing the need for traditional air…
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Fred Thiel, CEO of Marathon Digital Holdings (MARA), recently acknowledged the Trump administration’s efforts in promoting cryptocurrency adoption. In an interview with Fox Business, Thiel highlighted how current policies have positioned the United States to become a dominant force in Bitcoin mining and blockchain technology. According to Thiel, Bitcoin miners possess the unique advantage of…
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When your Bitaxe Gamma 601 periodically overheats, you’ll notice an indicator in your firmware UI and a “device overheat” message displayed on the miner’s LED screen. Don’t worry; Resolving it is straightforward. First, open your firmware “settings.” Make sure to reset the frequency and core voltage to the default values recommended for your ASIC chip.…
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Hut 8 launches GPU-as-a-Service, enhancing revenue through AI solutions amid traditional mining challenges.
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Bitdeer Technologies Group has completed a successful test of its SEAL02 Bitcoin mining chip, achieving an impressive power efficiency ratio of 13.5 J/TH. This milestone represents a significant advancement in energy efficiency within the mining industry, placing Bitdeer at the forefront of innovative mining solutions. SEAL02 was developed in partnership with TSMC, one of the…
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Bitdeer Technologies Group (NASDAQ: BTDR) has announced the successful testing of its latest Bitcoin mining chip, SealMiner A3, achieving an exceptional power efficiency of 9.7 joules per terahash (J/TH) in low voltage, ultra power-saving mode. This advancement aligns with the company’s SEALMINER technology roadmap and reflects its commitment to enhancing mining efficiency. Developed in collaboration…
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CleanSpark CEO Zach Bradford forecasts that Bitcoin could reach a peak of nearly $200,000 within the next 18 months. Bradford’s optimism is based on several factors, including Bitcoin’s historical price trends following halving events and the expected market stability after the U.S. presidential election in 2024. He emphasized that while it’s less about who wins…
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Bitcoin’s growth dynamics are governed by power laws, illustrating how its metrics interact over time. The relationship between Bitcoin’s price and addresses demonstrates this, with the number of addresses affecting the price exponentially. The hash rate, reflecting network computing power, follows a power law with a smaller exponent, indicating significant but slower growth. Understanding these…
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Ohio State Senator Niraj Antani has introduced groundbreaking legislation that would allow residents to pay state and local taxes using cryptocurrency, marking a significant step forward in digital currency adoption. If passed, this bill would position Ohio as a leader in cryptocurrency integration within state financial systems. “Cryptocurrency is not just the future — it’s…
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Proto, a hardware team within Block Inc., is actively seeking an ASIC Physical Design Engineer to contribute to the development of next-gen Bitcoin mining Application-Specific Integrated Circuits (ASICs). At Block, Inc., the salary range for an ASIC Physical Design Engineer position is between $178,000 and $297,000 annually, with a median of approximately $238,000 The role…
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In the ever-evolving world of cryptocurrency mining, the Bitmain Antminer S21e XP Hyd 3U emerges as a dominant force, delivering a staggering 860 Th/s on the SHA-256 algorithm, compared to the IceRiver AL3’s modest 15 Th/s on the Blake3 algorithm. The computational power difference is a mind-blowing 5,300%, making Bitmain’s latest machine the clear winner…
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Despite China’s 2021 ban on cryptocurrency mining and trading, the nation continues to dominate Bitcoin mining operations, controlling an estimated 55% of the global Bitcoin hashrate. This ongoing influence highlights the resilience of Chinese miners, who have adapted by either moving their operations underground or relocating to crypto-friendly regions nearby, like Sichuan, which boasts abundant…
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Bitdeer and Taiwan Semiconductor Manufacturing Company (TSMC) are set to launch a new state-of-the-art mining chip. This innovative chip is designed to enhance the efficiency of cryptocurrency mining, promising lower energy consumption and faster processing speeds. After extensive testing, the chip has passed all performance benchmarks, indicating that it is ready for mass production. The…
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The SupraHex is a compact, ESP32-S3-based mining device designed for small-scale, efficient Bitcoin mining. Developed by TinyChipHub and other vendors recognized by OSMU, it operates on AxeOS firmware and supports both solo and pool mining. Unlike traditional ASICs, it is optimized for low-power, cost-effective mining while allowing users to tinker with firmware and system configurations.…
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Bitcoin mining performance can be significantly improved with overclocking, especially during colder seasons like fall and winter, when ambient temperatures help regulate heat output. Overclocking increases a device’s operating frequency and voltage beyond stock settings, enhancing computational power while maintaining safe thermal conditions. In this case, the Bitaxe 601 Gamma default settings of 525 MHz…
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In 1926, the United Kingdom passed the Electricity (Supply) Act, a landmark policy that unified the nation’s fragmented power networks. The legislation established the Central Electricity Board (CEB) and created a standardized national grid, ensuring reliable electricity distribution. By consolidating private and regional infrastructure, Britain modernized its energy sector, laying the foundation for widespread industrial…
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The Zyber 8 is a new bitaxe prototype developed by Tiny Chip Hub Sources familiar with the project claim that the Zbyer 8 Supra (blue) can reach 5-7 TH/s and the Zyber 8 Gamma (purple) can reach as high as 13TH/s at about 150W/h. There is also hydro-coolant model in production. All indicators suggest that…
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KiCad is a powerful open-source software suite used for designing printed circuit boards (PCBs). It offers a comprehensive set of tools for schematic capture, PCB layout, and 3D visualization, making it a go-to choice for both hobbyists and professional engineers. The software supports industry-standard formats and integrates essential features such as Gerber file export and…
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Cryptocurrency mining relies on specific algorithms that ensure the security, decentralization, and integrity of blockchain networks. Each coin uses tailored algorithms like SHA-256, Scrypt, and Ethash, which have unique properties affecting mining efficiency, energy consumption, and security. Understanding these algorithms is essential for effective mining strategy and hardware selection.
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LM Funding America, Inc. has obtained a $5.6 million loan to purchase a Texas-based mining facility with a 72-megawatt capacity. This move is set to enhance their mining operations through immersion mining techniques. They aim to capitalize on the facility’s 55 PH/s capacity, potentially boosting computational power to meet Bitcoin mining demands.
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Bitmain has long held a dominant position in the Bitcoin mining hardware market, controlling over 75% of the global ASIC (Application-Specific Integrated Circuit) market share since launching its first Antminer in 2013. This market power stems from Bitmain’s ability to leverage economies of scale, allowing it to produce hardware at lower costs while securing a…
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Bitmain, the global leader in cryptocurrency mining hardware, has officially revealed its latest large-scale Bitcoin mining operation located in Ethiopia. Known as the Baohui Phase I, the facility boasts a total load of 150 MW, making it one of the most advanced hydrocooling-powered mining farms in Africa. The mining facility taps into Ethiopia’s abundant hydroelectric…
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The SupraHex is an open-source Bitcoin mining machine designed for enthusiasts and developers seeking a hands-on approach to mining hardware. Featuring a modular and compact design, the machine allows easy integration into various setups, making it a practical choice for those interested in optimizing mining performance. The SupraHex Bitaxe supports standalone operation, meaning it can…
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The NerdQAxe+, a cutting-edge Bitcoin ASIC miner sold by SoloSatoshi.com, has garnered significant attention in the cryptocurrency community. Equipped with four BM1368 ASIC chips, the device delivers a hash rate of 2.5 TH/s while maintaining an energy efficiency of approximately 55 watts. This innovative miner is a derivative of the Bitaxe project, originally created by…
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In a significant development for the Bitcoin industry, it was revealed that Bhutan holds $750 million worth of Bitcoin, with these addresses now publicly identified on Arkham, a blockchain intelligence platform. This public disclosure of Bhutan’s Bitcoin holdings marks a new chapter in the government’s ongoing mining operations. Managed through Druk Holdings, Bhutan has been…
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West Data Group has officially released a teaser to attract potential investors for its expanding data center operations. With over 15 years of experience in Ethiopia, the company is a leader in deploying and maintaining Application Specific Integrated Circuits (ASICs) for Bitcoin mining using the SHA-256 proof-of-work protocol. In addition to crypto data services, West…
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Marathon Digital Holdings has introduced the MARA 2PIC system, a two-phase immersion cooling solution designed to enhance data center efficiency and performance. The system submerges mining hardware in a dielectric fluid with a higher boiling point, which absorbs heat and vaporizes. The vapor then rises and condenses upon contacting chilled condenser coils cooled by a…
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Merkle Standard has announced the expansion of its operations to Memphis, Tennessee, with a new 45-megawatt (MW) facility. This move is set to enhance the company’s mining capabilities and contribute to the local economy. The new facility aims to enhance Merkle Standard’s mining efficiency and output, leveraging Memphis’s strategic location and infrastructure. The expansion is…
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On January 19, 2013, Bitcoin mining history was made as Canaan Creative, through its Avalon project, introduced the world’s first consumer application-specific integrated circuit (ASIC) miners. Known as Avalon1, these initial ASIC miners revolutionized the mining landscape by introducing highly efficient and specialized hardware designed solely for Bitcoin’s SHA-256 hashing algorithm, significantly outperforming the general-purpose…
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Bitdeer, a prominent NASDAQ-listed Bitcoin mining giant, is gearing up for a major auction featuring 2,880 used Antminer S19 units. This auction, scheduled for September 24, 2024, in Norway, is part of the company’s strategy to upgrade its fleet ahead of the upcoming Bitcoin halving. The Antminer S19 devices, previously used in Bitdeer’s Norwegian data…
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Solar power has the potential to revolutionize the Bitcoin mining industry, particularly as energy efficiency becomes a critical factor in scaling operations sustainably. With advancements in solar technology and increasing demand for low-cost, renewable energy, leveraging solar power as a primary energy source for Bitcoin mining could significantly reduce operational costs and environmental impact. My…
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Troubleshooting a bricked NerdAxe device can be challenging, especially when a firmware update is interrupted, potentially leading to hardware issues. The NerdAxe, an open-source Bitcoin ASIC miner, utilizes the ESP32-S3 chip as its controller. Firmware updates for the NerdAxe are typically performed remotely via online platforms like Bitronics’ DIY Flasher. Interruptions during this process can…
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OCEAN, a leading Bitcoin mining pool, has recently made headlines for its growing influence over the Bitcoin mining network. In a recent announcement, OCEAN revealed that it now accounts for 56% of unique miners receiving newly generated Bitcoin rewards. This development raises significant concerns about the centralization of Bitcoin mining, a process that was originally…
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In a small Norwegian town, residents have seen their annual power bills rise by approximately $300 after the local Bitcoin mining facility shut down. The mining operation, which had been contributing 20% of the area’s grid fees, acted as a financial subsidy for local electricity consumers. With the closure of the mining site, households now…
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CleanSpark, a leading U.S. Bitcoin mining firm, has announced its acquisition of seven cryptocurrency mining sites in Knoxville, Tennessee. The $27.5 million deal includes the mining facilities and associated land, adding a total power capacity of 85 megawatts (MW). This acquisition will boost CleanSpark’s mining capacity by 5 exahashes per second (EH/s), marking a 22%…
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The evolution of Bitcoin mining hardware has shown a significant shift in both power and efficiency, with each new generation becoming slightly less impactful than the previous one. Early models like the Antminer S1 introduced a massive leap in processing power, but recent iterations reveal diminishing returns in both hashrate and energy efficiency. Blockware Intelligence’s…
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Deutsche Telekom, Europe’s largest telecommunications provider and parent company of T-Mobile, has announced plans to start mining Bitcoin. This development was revealed during the BTC Prague conference, where Dirk Röder, head of Web3 infrastructure and solutions at Deutsche Telekom, shared the company’s intentions to expand its involvement in the blockchain space by mining Bitcoin. Röder,…
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Applied Digital, a leader in bitcoin mining hosting and high-performance computing, has secured $160 million in strategic financing. This funding comes from a group of investors, including the prominent chipmaker NVIDIA. The capital injection is poised to support Applied Digital’s ongoing projects, such as the development of one of the largest data center campuses in…
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Braiins has introduced the BMM 100 Mini Miner, an innovative device allowing Bitcoin enthusiasts to not only mine but also engage in gaming activities. This miner, with a hash rate of 1 terahash per second and a power consumption of just 40 watts, is ideal for home-based miners who want to decentralize the Bitcoin network.…
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HIVE Digital Technologies has announced the purchase of 1,000 Bitmain S21 Pro Antminers, marking a significant upgrade to its mining fleet. This acquisition is expected to increase HIVE’s mining efficiency and capacity as part of its broader strategy to optimize operations. The newly acquired miners will contribute an additional 200 PH/s to HIVE’s hashrate, boosting…
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Bitcoin mining company Marathon Digital Holdings has announced plans to raise $250 million through a debt offering to acquire additional Bitcoin. Marathon already holds over 20,000 BTC on its balance sheet and is continuing to pursue an aggressive strategy of increasing its cryptocurrency reserves. The funds from this convertible note offering will be used primarily…
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As the Bitcoin mining industry faces increasing financial strain due to declining block rewards and rising operational costs, Loka Mining has unveiled a forward-thinking solution. The company’s CEO, Andy Fajar Handika, introduced forward hashrate contracts as a novel way for miners to secure short-term financing by selling their future hashrate. This approach aims to provide…
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The Bitaxe Machine offers open-source Bitcoin mining with customizable hardware and software. The Ultra model incorporates the efficient BM1366 chip, enhancing its power and accessibility. However, it’s important to note that Bitaxe Machines are not compatible with 5G frequency. Each model and version caters to specific needs and technical expertise in the competitive Bitcoin mining…
Bitcoin Versus 