Bitcoin mining

International payments giant PayPal plans to reward Bitcoin (BTC) mining companies that make their operations more eco-friendly. According to an April 22 blog post, in collaboration with Energy Web and DMG Blockchain Solutions, PayPal’s Blockchain Research Group has proposed using “cryptoeconomic incentives” to encourage BTC miners to use low-carbon energy sources.  PayPal believes these experimental […]

A Bitcoin-focused financial services firm, Swan Bitcoin, recently launched its BTC mining unit, Swan Mining. According to CEO Cory Klippsten, Swan has been operating a mining arm since July last year that’s now coming out of “stealth mode.” Klippsten stated: “Swan Mining is a great example of our company thesis playing out. With our exclusive focus […]

A recent working paper challenges claims by anti-crypto politicians, asserting Bitcoin mining aids clean energy and grid stability. Authored by Bitcoin advocates and ERCOT’s former president, the paper underscores Bitcoin mining’s adaptability and rapid response. It emphasizes its role in enhancing grid flexibility for integrating renewable energy. The paper, “Leveraging Bitcoin Miners as Flexible Load […]

On Nov. 12, the Bitcoin mining community recorded its annual all-time high (ATH), earning more than $44 million in block rewards and transaction fees. This achievement indicates the recovery and resilience of the mining sector, which has experienced many challenges in the past months. Bitcoin miners generate most of their revenue from rewards for confirming […]

Data from CompaniesMarketCap shows that 16 publicly traded Bitcoin mining firms have experienced a loss of over $4.47 billion in the last 12 months (TTM). The Bitcoin mining industry faces many hurdles as BTC continues to experience a bear market. The leading cryptocurrency has seen its value fall from a one-time high of $69,000 to […]

In the sizzling summer of 2023, the Bitcoin mining industry witnessed both meteoric rises and unwavering resilience. Marathon Digital Holdings and Riot Platforms, Inc. unveiled their July production figures, offering insights into the dynamic landscape of cryptocurrency mining. Navigating Bitcoin’s Frontier: Challenges & Commitment Marathon, a North American powerhouse in Bitcoin mining, boasted a staggering […]

Bitcoin miners saw a significant surge in earnings during Q2 2023, with transaction fees alone reaching a staggering $184 million, marking a remarkable 270% increase compared to Q1 and surpassing the total revenue generated in 2022. Such unpre­cedented growth can be­ attributed mainly to the re­cent upswing in Bitcoin’s value and the thriving marke­t for […]