Hut 8 shuts down Alberta site amid surging power costs
Hut 8 cited rising electricity costs and constant power disruptions as reasons for the closure, relocating its rigs to another site in Medicine Hat, Canada.
Hut 8 cited rising electricity costs and constant power disruptions as reasons for the closure, relocating its rigs to another site in Medicine Hat, Canada.
In this article, sCrypt shares how Proof of Work (PoW) works in Bitcoin, explaining that its core process involves finding a hash below a target value set by the network.
Ethiopian Investment Holdings has signed the deal with Hong Kong’s West Data Group for data mining and AI, but an insider revealed that it involved BTC mining.
Ethiopia is close to completing the construction of Africa’s largest dam, making power cheaper than ever, and Chinese miners are already setting up operations.
The time to consider upgrading your mining hardware is now. The S21 and S19 K Pro Antminers offer an opportunity to stay ahead in the Bitcoin mining space.
A report from a short-selling firm claims Hut 8 is setting its investors up for a pump-and-dump event, which the block reward miner slammed as "false and misleading characterizations" of its business.
Should Senate Bill 339 become law, digital asset miners in Virginia would no longer need to obtain money transmitter permits to conduct block reward mining and would be entitled to incentives.
As Bitcoin evolves, it is crucial that we reflect on its initial vision—an open financial system where each participant has an equal opportunity to be a user and even to attempt to compete for blocks.
The Blockchain Basics Act, sponsored by State Senator Eliot Bostar, protects every Nebraska residents’ right to mine ‘crypto’ at home without the need for a license.
In this latest ebook, authors Bryan Daugherty, Greg Ward, and Kurt Wuckert Jr. delve into the economics of Bitcoin mining, its misconceptions, and how to maintain a responsible blockchain network.
The new site in Cedarvale, Texas, will host 66,000 mining rigs, with construction set to start in a few weeks; Hut 8 will provide end-to-end developmental services.
The fate of block reward mining hangs in the balance following the European Commission methodology tender's conclusion, which seemingly hints at a ban, a move decried by pro-BTC miners.