The recent decline in Bitcoin's price has sent shockwaves throughout the cryptocurrency mining industry, with a new report indicating that only five mining companies are currently operating profitably.
Read MoreThe recent decline in Bitcoin's price has sent shockwaves throughout the cryptocurrency mining industry, with a new report indicating that only five mining companies are currently operating profitably.
Read MoreParaguay's burgeoning Bitcoin mining industry faces a crisis as the National Electricity Administration (ANDE) enacts a 14% electricity price hike specifically targeting crypto mining operations.
Read MoreRecent data reveals a surprising trend in the Bitcoin mining landscape: Chinese mining pools continue to control over 50% of the Bitcoin hashrate, despite China's ban on cryptocurrency mining in 2021.
Read MoreParaguay's booming Bitcoin mining industry is facing a potential roadblock: new energy tariffs proposed by the National Electricity Administration (ANDE). Miners argue these increased costs could cripple their operations and stifle further growth in the sector.
Read MoreThe Bitcoin mining industry is facing a double whammy: a declining hashrate and a persistently bearish market. The hashrate, a measure of the processing power dedicated to securing the Bitcoin network, has plunged to its lowest level since early March, according to on-chain data.
Read MoreThe world of cryptocurrency mining is seeing an interesting shift. Bitcoin miners, the backbone of the Bitcoin network, are increasingly looking beyond just mining Bitcoin. While mining will likely remain a core function, many miners are setting their sights on a new frontier: artificial intelligence (AI) training farms. This foray into AI training stems from several factors.
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