China News Daily Official TheBitTimes.com

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Bitcoin (BTC) is the leading cryptocurrency whose core value lies in being secure and uncensorable money powered by a decentralized network of miners, reaching consensus over its users’ transactions. However, experts have challenged Bitcoin’s long-term security model and decentralization status over the years, warning of gradual proof-of-work centralization. A study published by pseudonymous analyst b10c (@0xb10c, on X) suggests that mining operations centralization could be worse than ever. The analyst shared insights on April 17 that point to Bitmain dominating Bitcoin mining operations among multiple pools, raising concerns. Picks for you AI predicts Cardano price for July 31, 2024 29 mins ago Logan Paul's net wor...

Hive Digital Technologies has acquired land and a data center to expand its operations in Sweden, house generation ASIC servers, and increase Bitcoin production. The cryptocurrency mining company Hive Digital Technologies revealed plans to expand its global presence through a new acquisition of property and a data center in Boden, Sweden. On Nov. 27, the company announced that it's entered a property transfer agreement with Turis AB to take over the property of a data center previously constructed as a part of the EU Horizon 2020 project. Hive said this new property is in “close vicinity” to its existing data center in Sweden and it plans to further develop the facility in its portfolio. It says the property will also house its incoming generation ASIC servers and increase its Bitcoin (BTC) production. Johanna Thornblad, Hive's country president for Sweden, said that “The new data center will enable HIVE to grow its regional footprint while further demonstrating its commi...

Texas Bitcoin miners have cut back 90% of their operations during the energy crisis after the state offered $31.7 million in energy credits.  Amid an escalating power crisis driven by extreme weather conditions, Texas has turned to an unlikely ally for energy conservation: Riot Platforms, a major Bitcoin (BTC) mining firm. The state’s power grid operator has awarded Riot Platforms $31.7 million in energy credits for reducing electricity consumption during the ongoing heat wave. The sum eclipses the $9.7 million worth of Bitcoin the company mined in the same period. The credits are commissioned by the Electric Reliability Council of Texas (ERCOT), and it will alleviate immediate stress on the grid while simultaneously lowering Riot’s operational costs.  Riot Produces 333 Bitcoin While Realizing Expanded Benefits of Power Strategy. “August was a landmark month for Riot in showcasing the benefits of our unique power strategy,” said @JasonLes_ , CEO of Riot. ...

The surge in crypto mining stocks came as a relief for the industry after a crippling last year, where in public crypto miners incurred $4 billion in liabilities. The Bitcoin (BTC) price rebound to a multi-month high has rubbed onto the mining stocks as well. Many of these crypto-mining stocks recorded their best monthly performance in a year. The surge in mining stocks also came as a relief for the troubled miners who had to sell a significant chunk of their mined coins to boost liquidity last year. Bitfarms, one of the top BTC Mining firms registered a 140% surge in the first two weeks of January followed by Marathon Digital Holdings Inc. with a 120% surge . Hive Blockchain Technologies Ltd. saw its stock value nearly double in the same period while MVIS Global Digital Assets Mining Index is up by 64% in the first month as well. The Luxor Hashprice Index, which aims to quantify how much a miner might make from the processing power used by the Bitcoin network, has increased by 21%...