Coinatory

Major Bitcoin Miners Fund $2M Pro-Crypto Campaign to Influence Key Swing States Riot Platforms, Marathon Digital, and CleanSpark, three of the largest Bitcoin mining companies in the U.S., have jointly funded a political action committee (PAC) aimed at supporting pro-crypto candidates in crucial swing states. This new PAC, called the Bitcoin Voter PAC, has launched a $2 million digital advertising campaign targeting voters in Pennsylvania and Texas, according to Fox Business. The PAC's mission is to advocate for candidat... Coinatory cryptonews

Riot Platforms Acquires Block Mining for $92.5M to Boost Bitcoin Mining Capacity Riot Platforms, a prominent Bitcoin mining company based in Colorado, has announced the acquisition of Block Mining, a Kentucky-based competitor, for $92.5 million. This strategic purchase aims to enhance Riot's operational capacity by 16 exahashes per second (EH/s). The acquisition deal includes an $18.5 million cash payment and $74 million in Riot common stock, as detailed in a press release dated July 24. The transaction immediately boosts... Coinatory

Texas Bitcoin Mining Sparks Health Concerns Texas is rapidly emerging as a Bitcoin mining hub, but residents in local towns are experiencing hearing issues, headaches, dizziness, and sleep disturbances. The escalating conflict between the economic interests of Bitcoin (BTC) mining and the quality of life of Texas residents underscores the need for comprehensive policy solutions. Texas is home to 10 out of the 34 major Bitcoin mines in the United States. In 2021, after China’s crackdown... Texas Bitcoin Mining Sparks Health Concerns Coinatory

The National Development and Reform Commission of China (NDRC) wants to ban bitcoin mining. The corresponding document appeared on the website of the organization. How will it possibly influence bitcoin? Well, let"s figure out what possible outcome this decision might give to bitcoin network - this will reduce the hashpower of the network, blocks will be harder to be confirmed, it will take longer to calculate one block. This situation might look as a disaster, considering the fact that by some calculations, up to 60% of the hashpower of the entire network is currently located in China. According to the logic of an average human-being, we imagine a huge factory with some production lines that are constantly printing bitcoins as the ... Read more about " What if China bans bitcoin mining? " on coinatory.com

Miners seem to have recovered from the losses incurred due to the collapse of the cryptocurrency market in 2018, and increased productivity by more than 30%. Bitcoin hashrate network has been steadily increasing since the end of last year, which indicates the activation of mining pools. Miners worked hard even when the price of the main cryptocurrency fell. The corresponding post on Twitter posted analytics service DRIVE Markets. They emphasized: https://twitter.com/DriveMarkets/status/1085345397025910784 It is quite possible that bitcoin mining has once again become profitable, since during the period of the fall of the crypto-market many mining pools reduced mining of coins or stopped it altogether. Those miners" teams ... Read more about " The activity of bitcoin miners has increased by more than 30% since the end of 2018 " on coinatory.com

The American IT giant Intel has received a patent for the launch of a new cryptocurrency mining technology. The corporation received this patent last Tuesday from the US Patent and Trademark Office. In the explanatory note, it is noted that the new technology is designed to reduce energy consumption for Bitcoin mining. For the first time, the company announced the need to reduce energy costs during mining in March of this year. Then the corresponding application was sent to the Patent and Trademark Office to launch a new product. The company"s specialists suggest using the technology of the SHA-256 algorithm, which is used by the main cryptocurrency, for Bitcoin mining. Miners will receive a reward in the form of charging a ... Read more about " Intel received a patent for the energy-saving bitcoin mining technology " on coinatory.com

The Chinese mining giant Bitmain has introduced a new firmware for Antminer s9, which activates the AsicBoost cryptocurrency mining optimization algorithm. In addition, a week later the company will make the same update to other models based on the BM1387 chips: Antminer R4, S9i, S9j, T9 and T9 +. Reportedly, this step “will increase the effectiveness of several Antminer models and will create a context for the development of a serious network with long-term plans.” https://twitter.com/BITMAINtech/status/1054329450018435074 Bitmain exp ... Read more about " Updated firmware Antminer s9 from Bitmain activates AsicBoost " on coinatory.com

Canadian company Hut 8, engaged in bitcoin mining, in its press release announced the completion of construction of its second mining division in Medicine Hat, which was completed ahead of schedule, set in September. The new mining area is ready to begin work together with the facility, which is located in Drumheller. Thus, the total capacity of both mining facilities is 487.5 petahashes per second (PH / s), which makes Hut 8 the world"s largest miner, listed on the stock exchange. The launch of the new mining site was carried out jointly ... Read more about " Hut 8 the world"s largest miner listed on the stock exchange " on coinatory.com

TGE Company has developed and launched the serial production of the "Reactor" mining platform, which can significantly improve the economic effect of the industrial development of cryptocurrencies. TGE President, Ilya Rashkin, believes that Russia now has all chances to become a global player in securing the world"s blockchain network by developing and manufacturing the first Russian mining equipment. It should be noted that, at the moment, China is the absolute leader in creating infrastructure for mining, and Russia accounts for only 2% of ... Read more about " TGE launched production of industrial miner "Reactor" " on coinatory.com

Warren Buffett is in focus of the cryptocurrency community. After the world-famous investor has repeatedly allowed himself to criticize Bitcoin and cryptocurrencies, without being shy in expressions, the cloud mining company Genesis Mining did not miss the opportunity to publicly tease the investor by placing a billboard next to his office with the question: Warren, you said you were wrong about Google and Amazon. Maybe you"re wrong about Bitcoin? The appearance of the shield became known when the co-founder of the Icelandic ... Read more about " Genesis Mining tease Warren Buffett " on coinatory.com