Bitcoin miners embrace efficiency and renewable energy

Bitcoin mining is at the heart of the digital gold rush and it is a critical process that underpins the entire cryptocurrency ecosystem. Bitcoin miners validate transactions, secure the network, and, in the process, earn newly minted Bitcoin. The World Digital Mining Summit (WDMS) stands as a beacon of innovation and collaboration within this dynamic […]

Why are Bitcoin miners struggling so much? Core Scientific file for bankruptcy

Key Takeaways Core Scientific was worth over $4 billion last summer, but is down 985 form all-time highs Rising electricity costs are hiking costs with falling Bitcoin prices hurting revenue With hash rate near all-time highs, the entire mining industry is struggling The crypto winter continues to take victims. The latest to succumb to Chapter […]

Are Bitcoin miners about to capitulate?

Something which is always interesting is assessing the mining activity on Bitcoin, especially in conjunction with what is happening the price and the wider market. After all, miners are the group who receive those freshly minted bitcoins as the blockchain continues to grow. Receiving this revenue in the native coin of the network means their […]