The economics of Bitcoin mining
BSV blockchain transactions have BTC and then reach 10-100X as of March 2023, and if this trend continues, BSV miners will enjoy the growth of revenue from network fees.
Latest block reward mining News
‘Bitcoin economy is welcome in Texas,’ new proposal states
State Rep. Cody Harris wants Texas lawmakers to pledge to welcome miners and investors in the state and to protect Bitcoin owners including from unreasonable seizure.
BTC miner Marathon Digital records $686M loss in 2022, revenue down 58%
Marathon Digital was dealt a blow by the BTC price decline towards the end of 2022, with an impairment charge on the carrying value of its mining rigs hitting $332 million.
US Senate hearing on block reward mining bill praises proof-of-stake and calls for reporting of carbon emissions
A Senate hearing focusing on block reward mining in the U.S. debated the benefits of increased disclosures for miners while witnesses pointed to the real-world impacts of mining operations.
Canaan Q4 revenue drops 80% as demand for block reward miners dips
Canaan saw its total computing power sold dip 75% from Q4 2021, with revenue taking a similar dip, but its mining revenue shot up 360% from the previous year.
Kurt Wuckert Jr: Think of Bitcoin mining as financial self-discipline
On this episode of CoinGeek Conversations, Kurt Wuckert Jr. explains why he believes mining is a better option—it forces a kind of self-discipline, making you, effectively, invest regularly and reaping the occasional reward when the pool wins a block.
Police search for Massachusetts man linked to illegal block reward mining under school crawl space
Nadeam Nahas is facing charges of allegedly operating an illegal block reward mining scheme in a remote crawl space at the Cohasset Middle/High School in December 2021.
Bankrupt Compute North gets court approval for liquidation plan
Compute North has reportedly eliminated $250 million from its $400 million loan burden with the likes of Marathon Digital, Generate Capital, Foundry, and U.S. Bitcoin Corp.
Kazakhstan’s new laws limit BTC miners’ energy use, forces them to sell 75% of mined assets
The new law aims to reduce the impact of miners on the national grid, only allowing them to tap the grid when there’s a surplus or import their own energy.
Bitriver to open 100 MW mining facility following subsidy from Russia
Russia is capitalizing on most countries’ anti-mining stance and is directly supporting the construction of a $12.3 million mining facility in Siberia.
Mississippi Senate passes new bill seeking to protect block reward miners from discrimination
Under the proposed legislation, miners in Mississippi would be allowed to operate in residential areas so long as they comply with existing noise limits and avoid changing zones without consent.
BTC miner Hut 8 merges with US Bitcoin Corp. to weather brutal bear market
The two companies will now be subsidiaries under Hut 8 Corp., or New Hut, with USBTC benefiting from a strong balance sheet while Hut 8 accesses cheap power.