Riot Platforms Adds 33,000 Bitcoin Miners to its Facility
Riot Platforms, one of the world’s largest Bitcoin mining companies, has spent $162.9 million on 33,280 “next-generation” Bitcoin miners for its Texas facility ahead of the 2024 Bitcoin halving. The mining rigs, sourced from manufacturer MicroBT, will increase the company’s self-mining capacity by 7.6 exahashes per second (EH/s) and arrive “in advance” of Bitcoin’s next […]
Norwegian town wants to get rid of “noisy” bitcoin miners
A Norwegian town is using whatever means to prevent “energy-sucking” Bitcoin miners from expanding, citing noise and energy concerns. Noise is the latest form of energy FUD surrounding Bitcoin (BTC). Locals in the Norwegian municipality of Sortland are fighting back against the spread of Bitcoin miners. The loudness of proof-of-work (PoW) mining is their most […]
Bitcoin Miners Under Pressure As Mining Revenue Plummets By 56%
Bitcoin miners are under pressure as revenue continues to decline while production costs have been increasing. Also, the crypto market remains bearish and long-term investors lose money. according to a newsletter by On-chain Analytics platform Glassnode. Are Bitcoin miners Aggravating selling pressure? Glassnode seeks to estimate the market’s value from a miner’s perspective by using […]
Malaysian Police destroy 1,773 Bitcoin ASIC miners
According to a report in the local newspaper Sinar Harian, Malaysian police have destroyed 1,773 Bitcoin ASIC miners associated with illegal mining. Aside from mining devices, the authorities disposed of laptops, modems, desktop switches and routers, and surveillance cameras. The items were seized as a consequence of 38 searches in the Kota Setar District . […]
McDonald’s China celebrates 31st anniversary with 188 NFTs
On October 8, fast-food giant McDonald’s China issued a batch of 188 nonfungible tokens (NFT) to commemorate its 31st anniversary in the Chinese market. The NFTs , dubbed “Big Mac Rubik’s Cube,” will be handed to workers and customers as part of the promotion. The Big Mac Rubik’s Cube NFTs are modelled on the three-dimensional […]