Global #Bitcoin mining

If you were to ask a typical Bitcoin enthusiast about the most influential mining company, Bitmain would likely come up.

In a notable move, Tether, the issuer of the popular stablecoin USDT, has invested $100 million in Bitdeer Technologies Group, a US-listed Bitcoin miner owned by Chinese billionaire Jihan Wu. The deal also includes the option for Tether to acquire an extra $50 million worth of shares within the next year, further solidifying its foothold in the Bitcoin mining industry.

Unlike previous Bitcoin halving events, the fourth halving saw a distinct change. While miners now receive reduced block subsidy rewards from 6.25 BTC to 3.125 BTC, they still earn additional rewards from transaction fees per block.

Two Estonian nationals, Sergei Potapenko and Ivan Turõgin, aged 39, appeared in court for the first time following their arrest in Tallinn, Estonia in November 2022. They are accused of multiple criminal charges linked to their alleged involvement in a large-scale cryptocurrency fraud.

In a surprising development within the Bitcoin mining realm, a notable decrease in Bitcoin's mining difficulty has opened doors for more cost-effective miners to secure a greater share of the market.

Despite the prolonged duration of this process, even the most vocal critics of the cryptocurrency market have begun to participate, especially during the 'crypto winter'. However, 2024 has emerged as the year of institutional adoption of cryptocurrencies.

According to Reuters, El Salvador has utilized the geothermal energy from the Tecapa volcano to mine 473.5 Bitcoin (BTC) over the past three years.

Marathon Digital, a Bitcoin mining firm, encountered operational hurdles but managed to achieve record financial results in the first quarter of 2024.

The recent adjustment occurred at block height 842,688, resulting in a 5.63% decrease in Bitcoin mining difficulty, bringing it down to 83.15 T.

Recent discoveries are challenging the longstanding notion that Bitcoin mining predominantly has negative environmental impacts.

Yesterday, reports emerged indicating that a Bitcoin wallet dating back to the "Satoshi Nakamoto era" had been activated. Satoshi Nakamoto is the pseudonymous individual credited with creating Bitcoin, who mysteriously disappeared in 2011.

Marathon Digital (MARA), a Bitcoin mining firm, is enjoying a positive week marked by significant developments. Its stock price has seen a notable surge following its inclusion in the esteemed S&P SmallCap 600 index and the unveiling of a performance-driven executive incentive program.