比特币挖矿
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⚙️ Chinese car dealer Cango Inc. invests $256 million in Bitcoin mining
Shanghai's car dealer Cango Inc. announced an investment of $256 million into the Bitcoin mining sector, having directly purchased 32 EH/s of Bitcoin mining hash rate from Bitmain Technologies, making them a new player in the global mining scene.
As early as November, Cango showcased their strength by mining 363 Bitcoins, valued at approximately $36 million. This significantly elevated their position in the global mining community, making them one of the top participants worldwide.
Cango's rapid growth in mining business is mainly due to their strategic acquisitions. The mining machines purchased from Bitmain are hosted in Georgia, USA, and they have signed an 18-month hosting contract. This way, they don’t have to worry about maintaining the data center and can focus on mining.
Although China banned cryptocurrency mining in May 2021, some experts estimate that Chinese mining pools still control 55% of the global Bitcoin hash rate.
Cango also plans to buy another 18 EH/s of computing power from Golden TechGen by the end of March 2025, which could bring their total hash rate to 50 EH/s, potentially allowing them to compete on equal footing with industry giants like Marathon Digital Holdings.
There is speculation that the hardware Cango purchased may be Bitmain's Antminer S19X, which is competitively priced at $8 per TH/s.
With Bitcoin prices hovering around $100,000, Cango's timing in entering the cryptocurrency field seems well-timed. Although this is a far cry from their original identity as an automotive trading service provider, it is indeed proof of their continuous self-reinvention.
Cango's stock price also surged significantly due to this news, rising from $3.41 to $6.91, with market capitalization increasing to $500 million. It seems that their Bitcoin mining business may become a major source of income in the short term.
💬 Do you think Cango's entry into Bitcoin mining is a wise move or a speculative risk? Leave your thoughts and opinions in the comments!
#比特币挖矿 #Cango #加密货币投资
Shanghai's car dealer Cango Inc. announced an investment of $256 million into the Bitcoin mining sector, having directly purchased 32 EH/s of Bitcoin mining hash rate from Bitmain Technologies, making them a new player in the global mining scene.
As early as November, Cango showcased their strength by mining 363 Bitcoins, valued at approximately $36 million. This significantly elevated their position in the global mining community, making them one of the top participants worldwide.
Cango's rapid growth in mining business is mainly due to their strategic acquisitions. The mining machines purchased from Bitmain are hosted in Georgia, USA, and they have signed an 18-month hosting contract. This way, they don’t have to worry about maintaining the data center and can focus on mining.
Although China banned cryptocurrency mining in May 2021, some experts estimate that Chinese mining pools still control 55% of the global Bitcoin hash rate.
Cango also plans to buy another 18 EH/s of computing power from Golden TechGen by the end of March 2025, which could bring their total hash rate to 50 EH/s, potentially allowing them to compete on equal footing with industry giants like Marathon Digital Holdings.
There is speculation that the hardware Cango purchased may be Bitmain's Antminer S19X, which is competitively priced at $8 per TH/s.
With Bitcoin prices hovering around $100,000, Cango's timing in entering the cryptocurrency field seems well-timed. Although this is a far cry from their original identity as an automotive trading service provider, it is indeed proof of their continuous self-reinvention.
Cango's stock price also surged significantly due to this news, rising from $3.41 to $6.91, with market capitalization increasing to $500 million. It seems that their Bitcoin mining business may become a major source of income in the short term.
💬 Do you think Cango's entry into Bitcoin mining is a wise move or a speculative risk? Leave your thoughts and opinions in the comments!
#比特币挖矿 #Cango #加密货币投资
虚拟币小魔王:
等于基本不花钱，还不好？
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Bitcoin Mining: Texas Freeze Slows Mining, Affects 34% of Hashrate
The Bitcoin mining industry in Texas has been hit hard as it deals with extreme weather conditions. Falling temperatures prevent mining centers from using enough electricity to achieve high hashrate levels.
Bitcoin mining slows in Texas due to power shortage
Due to the sudden freeze in Texas, Bitcoin’s hash rate dropped significantly, forcing miners there to reduce activity to maintain the state’s power infrastructure.
According to a CoinMarketCap report, the Bitcoin network’s total hash rate dropped by 34% from January 11 to January 15. The decline was from 629 EH/s per second on January 11 to approximately 415 EH/s on January 11. January 15th. On January 16, when temperatures in Austin briefly reached above freezing, the hashrate partially rebounded to over 454 EH/s.
Bitcoin mining slows in Texas due to power shortage
Due to the sudden freeze in Texas, Bitcoin’s hash rate dropped significantly, forcing miners there to reduce activity to maintain the state’s power infrastructure.
According to a CoinMarketCap report, the Bitcoin network’s total hash rate dropped by 34% from January 11 to January 15. The decline was from 629 EH/s per second on January 11 to approximately 415 EH/s on January 11. January 15th. On January 16, when temperatures in Austin briefly reached above freezing, the hashrate partially rebounded to over 454 EH/s.
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Biden administration halts infamous Bitcoin mining investigation amid legal backlash
The U.S. Energy Information Administration (EIA) has agreed to destroy data collected so far to end a lawsuit filed by several industry players, including Riot Platforms and the Texas Blockchain Commission.
The U.S. Energy Information Administration (EIA) has agreed to halt an emergency investigation into Bitcoin miners as part of a deal to end a lawsuit filed by several industry players, including the Texas Blockchain Commission.
According to a March 1 court filing, the EIA must destroy any investigative information it has received as well as information it has not yet received. It must also quarantine or keep the data confidential before it is destroyed.
The U.S. Energy Information Administration (EIA) has agreed to halt an emergency investigation into Bitcoin miners as part of a deal to end a lawsuit filed by several industry players, including the Texas Blockchain Commission.
According to a March 1 court filing, the EIA must destroy any investigative information it has received as well as information it has not yet received. It must also quarantine or keep the data confidential before it is destroyed.
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🌟 Why do American Bitcoin miners have inherent unique advantages?
🌐 In the global Bitcoin mining landscape, American miners seem to have mastered some special advantages that miners in other countries do not have. This makes us curious, what exactly makes American miners occupy an advantageous position in this global mining competition? Let's take a look at it next!
🏦 Strong financial background and convenient financing advantages:
💼 First, American Bitcoin miners have a strong financial background foundation, which makes it easier for them to obtain more investment resources. For example, they may use financial reports to attract the public to raise more free funds to achieve the necessary capital turnover.
🔄 Secondly, companies listed in the United States can gain additional competitive advantages. For example, for listed companies like Marathon Digital or Riot Platform, they can even obtain more funds by issuing additional shares to stabilize their capital flow to support their mining business in a healthier direction.
📈We know that the mining market itself is very volatile, especially Bitcoin mining. Miners not only have to face huge operating costs, but also have to deal with the risk of halving their income due to events such as Bitcoin halving, which puts them under tremendous financial pressure.
💰 Advantages of convenient financing: However, Bitcoin miners in the United States can borrow funds more easily through financing to help their business run smoothly.
🇺🇸 Strict taxation but strong capital liquidity: Although the United States is stricter in taxation and has a higher tax rate, the advantage is that they can more easily obtain capital liquidity through the US capital market.
🚀 Comprehensive comments, the author of the article believes that despite the heavy tax burden, the capital liquidity advantages obtained by US miners through the capital market far exceed those of Bitcoin miners outside the United States.
💬 Do you agree with the author's point of view? Do you think these advantages of US miners are enough to offset the burden of high taxes? In the global mining competition, how will these advantages affect the development of the entire crypto industry?Share your thoughts in the comments!
#比特币挖矿 #美国矿工 #资本市场优势
🌐 In the global Bitcoin mining landscape, American miners seem to have mastered some special advantages that miners in other countries do not have. This makes us curious, what exactly makes American miners occupy an advantageous position in this global mining competition? Let's take a look at it next!
🏦 Strong financial background and convenient financing advantages:
💼 First, American Bitcoin miners have a strong financial background foundation, which makes it easier for them to obtain more investment resources. For example, they may use financial reports to attract the public to raise more free funds to achieve the necessary capital turnover.
🔄 Secondly, companies listed in the United States can gain additional competitive advantages. For example, for listed companies like Marathon Digital or Riot Platform, they can even obtain more funds by issuing additional shares to stabilize their capital flow to support their mining business in a healthier direction.
📈We know that the mining market itself is very volatile, especially Bitcoin mining. Miners not only have to face huge operating costs, but also have to deal with the risk of halving their income due to events such as Bitcoin halving, which puts them under tremendous financial pressure.
💰 Advantages of convenient financing: However, Bitcoin miners in the United States can borrow funds more easily through financing to help their business run smoothly.
🇺🇸 Strict taxation but strong capital liquidity: Although the United States is stricter in taxation and has a higher tax rate, the advantage is that they can more easily obtain capital liquidity through the US capital market.
🚀 Comprehensive comments, the author of the article believes that despite the heavy tax burden, the capital liquidity advantages obtained by US miners through the capital market far exceed those of Bitcoin miners outside the United States.
💬 Do you agree with the author's point of view? Do you think these advantages of US miners are enough to offset the burden of high taxes? In the global mining competition, how will these advantages affect the development of the entire crypto industry?Share your thoughts in the comments!
#比特币挖矿 #美国矿工 #资本市场优势
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💸The Bhutanese government transfers $40 million in Bitcoin to QCP Capital, is this a new round of selling?
On December 9, the Bhutanese government transferred 402 Bitcoins to QCP Capital, with a total value reaching $38.98 million. This action is the latest move in the Bhutanese government's active reduction of its Bitcoin reserves since October last year.
Although Bhutan is a small country, it has made significant strides in the field of cryptocurrency. Their Bitcoin reserves account for nearly 27% of the country's GDP, ranking among the top in the world.
According to data from blockchain analysis platform SpotOnChain, since the surge in Bitcoin prices at the end of October, the Bhutanese government has sold 1,696 Bitcoins worth $139 million through Binance and QCP Capital, with an average selling price of $81,999 per BTC.
This is already the third large-scale transfer of Bitcoin by the Bhutanese government this year. In October, they transferred 929 Bitcoins worth $66.16 million to Binance and QCP Capital through two transactions, with an average selling price of $81,999 per BTC.
Bhutan has a total of seven known wallets holding approximately 11,700 Bitcoins, with a total value of $1.13 billion, making it the fourth-largest government holder of Bitcoin in the world. These Bitcoins are managed by the national investment agency Druk Holding & Investments (DHI).
Unlike other countries, Bhutan's Bitcoin reserves are not obtained through criminal asset seizures, but rather they are mined using their abundant hydropower resources.
Officials confirmed that Bhutan's mining activities began in April 2019, when the price of Bitcoin was only $5,000. According to World Bank data, by 2023, Bhutan's Bitcoin reserves are expected to account for 26.9% of the country's $2.9 billion GDP.
Bhutan has also partnered with Bitdeer Technologies Group to launch a $500 million fund to promote domestic Bitcoin mining. They plan to expand their mining capacity to 500 megawatts by mid-2025, with a total capacity of 600 megawatts.
In addition to mining, Bhutan has also innovated in the digital finance sector. In 2021, they collaborated with Ripple to develop a digital version of the national currency, aimed at enhancing digital and cross-border payments and promoting financial inclusion.
What are your thoughts on Bhutan's series of actions? Leave your views and opinions in the comments section!
#不丹政府 #比特币减持 #加密货币经济 #比特币挖矿
On December 9, the Bhutanese government transferred 402 Bitcoins to QCP Capital, with a total value reaching $38.98 million. This action is the latest move in the Bhutanese government's active reduction of its Bitcoin reserves since October last year.
Although Bhutan is a small country, it has made significant strides in the field of cryptocurrency. Their Bitcoin reserves account for nearly 27% of the country's GDP, ranking among the top in the world.
According to data from blockchain analysis platform SpotOnChain, since the surge in Bitcoin prices at the end of October, the Bhutanese government has sold 1,696 Bitcoins worth $139 million through Binance and QCP Capital, with an average selling price of $81,999 per BTC.
This is already the third large-scale transfer of Bitcoin by the Bhutanese government this year. In October, they transferred 929 Bitcoins worth $66.16 million to Binance and QCP Capital through two transactions, with an average selling price of $81,999 per BTC.
Bhutan has a total of seven known wallets holding approximately 11,700 Bitcoins, with a total value of $1.13 billion, making it the fourth-largest government holder of Bitcoin in the world. These Bitcoins are managed by the national investment agency Druk Holding & Investments (DHI).
Unlike other countries, Bhutan's Bitcoin reserves are not obtained through criminal asset seizures, but rather they are mined using their abundant hydropower resources.
Officials confirmed that Bhutan's mining activities began in April 2019, when the price of Bitcoin was only $5,000. According to World Bank data, by 2023, Bhutan's Bitcoin reserves are expected to account for 26.9% of the country's $2.9 billion GDP.
Bhutan has also partnered with Bitdeer Technologies Group to launch a $500 million fund to promote domestic Bitcoin mining. They plan to expand their mining capacity to 500 megawatts by mid-2025, with a total capacity of 600 megawatts.
In addition to mining, Bhutan has also innovated in the digital finance sector. In 2021, they collaborated with Ripple to develop a digital version of the national currency, aimed at enhancing digital and cross-border payments and promoting financial inclusion.
What are your thoughts on Bhutan's series of actions? Leave your views and opinions in the comments section!
#不丹政府 #比特币减持 #加密货币经济 #比特币挖矿
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Report: Riot platform Bitcoin mining output surges 19% in 2023
Bitcoin mining company Riot Platforms reports that Bitcoin production will grow by 19% in 2023, with a total of 6,626 Bitcoins mined.
After taking into account the electricity credits allocated to self-mining, the cost of mining Bitcoin in 2023 will average $7,539 per Bitcoin. That’s down 33% from the 2022 average of $11,225.
Riot platform revenue surges
Riot Platforms CEO Jason Les unveiled the company’s stellar results for 2023, highlighting it as another major milestone in the company’s journey as a vertically integrated Bitcoin ( BTC ) miner.
After taking into account the electricity credits allocated to self-mining, the cost of mining Bitcoin in 2023 will average $7,539 per Bitcoin. That’s down 33% from the 2022 average of $11,225.
Riot platform revenue surges
Riot Platforms CEO Jason Les unveiled the company’s stellar results for 2023, highlighting it as another major milestone in the company’s journey as a vertically integrated Bitcoin ( BTC ) miner.
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🌿 Bitcoin environmental controversy: Daniel Batten fights back against IMF carbon emissions report!
🔊 Recently, the International Monetary Fund (IMF) released a report that put Bitcoin mining and artificial intelligence at the forefront, saying that they could cause carbon emissions to soar. But Bitcoin advocate Daniel Batten stood up to refute that the data used in the report is unreliable and the comparison method is problematic.
💼 The IMF report suggests that regulators can impose a "crypto carbon" tax on Bitcoin mining. But Batten thinks this is unfair. He said that Bitcoin mining actually has a net decarbonization effect on the power grid, which is different from artificial intelligence data centers.
📈 Batten also criticized the sources and models used by the IMF for being unreliable, saying that they exaggerate the impact of Bitcoin mining on the environment. He also mentioned that independent data shows that by 2027, Bitcoin's share of global electricity use and carbon dioxide emissions will decrease over time.
🗣️ Meanwhile, Batten also called on Twitter to conduct more honest and accurate research, saying that the benefits of Bitcoin mining to the environment are recognized by more and more scientists. Therefore, the IMF report may mislead policymakers and should not be used as a reliable resource for policy making. 💭 The view is that the controversy caused by the IMF report highlights the complex relationship between cryptocurrency mining and environmental issues. Daniel Batten believes that Bitcoin mining may have a positive effect on the energy grid, rather than just a burden. Therefore, before formulating policies and tax measures, it is necessary to comprehensively evaluate the environmental impact of cryptocurrency mining, and it is even more necessary to balance the impact of economic benefits and environmental responsibilities in the development of new technologies. 👇 What do you think of the IMF report and Daniel Batten's rebuttal? Which side's view is more convincing? What key factors should we pay attention to in the environmental impact assessment of cryptocurrency mining? For Bitcoin mining, how do you think we should balance regulatory needs and technological innovation? 🔍 Share your views in the comment section, let us discuss the impact of Bitcoin mining on the environment and possible future development trends. #比特币挖矿 #环境影响 #IMF报告 #技术创新 #环保讨论
🔊 Recently, the International Monetary Fund (IMF) released a report that put Bitcoin mining and artificial intelligence at the forefront, saying that they could cause carbon emissions to soar. But Bitcoin advocate Daniel Batten stood up to refute that the data used in the report is unreliable and the comparison method is problematic.
💼 The IMF report suggests that regulators can impose a "crypto carbon" tax on Bitcoin mining. But Batten thinks this is unfair. He said that Bitcoin mining actually has a net decarbonization effect on the power grid, which is different from artificial intelligence data centers.
📈 Batten also criticized the sources and models used by the IMF for being unreliable, saying that they exaggerate the impact of Bitcoin mining on the environment. He also mentioned that independent data shows that by 2027, Bitcoin's share of global electricity use and carbon dioxide emissions will decrease over time.
🗣️ Meanwhile, Batten also called on Twitter to conduct more honest and accurate research, saying that the benefits of Bitcoin mining to the environment are recognized by more and more scientists. Therefore, the IMF report may mislead policymakers and should not be used as a reliable resource for policy making. 💭 The view is that the controversy caused by the IMF report highlights the complex relationship between cryptocurrency mining and environmental issues. Daniel Batten believes that Bitcoin mining may have a positive effect on the energy grid, rather than just a burden. Therefore, before formulating policies and tax measures, it is necessary to comprehensively evaluate the environmental impact of cryptocurrency mining, and it is even more necessary to balance the impact of economic benefits and environmental responsibilities in the development of new technologies. 👇 What do you think of the IMF report and Daniel Batten's rebuttal? Which side's view is more convincing? What key factors should we pay attention to in the environmental impact assessment of cryptocurrency mining? For Bitcoin mining, how do you think we should balance regulatory needs and technological innovation? 🔍 Share your views in the comment section, let us discuss the impact of Bitcoin mining on the environment and possible future development trends. #比特币挖矿 #环境影响 #IMF报告 #技术创新 #环保讨论
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The chance is only 0.0000000738%! Adventuring into the mining sea, one person snatched $220,000 Bitcoin! Are you feeling sour about this luck?
Imagine this: you are just an ordinary miner, struggling alone in the vast blockchain world, when suddenly, with a huge bang, you mine a Bitcoin block worth $220,000! It sounds like a fairy tale, but on October 24, such a miracle really happened! According to on-chain data platform Mempool, this lucky miner is from the cryptocurrency mining pool Solo CKPool, and his chance of mining block 867118 was only 0.0000000738%! Are you starting to feel a bit sour about this luck?
Since July, this is already the 4th time a miner has enjoyed a hefty block reward alone. The first time was on July 24, when the Bitaxe series mining machines from Altair Technology mined Bitcoin worth about $210,000 through Solo CKPool. At that time, the price of this mining machine was only $135 to $265, which was simply a windfall from the sky!
Since July, this is already the 4th time a miner has enjoyed a hefty block reward alone. The first time was on July 24, when the Bitaxe series mining machines from Altair Technology mined Bitcoin worth about $210,000 through Solo CKPool. At that time, the price of this mining machine was only $135 to $265, which was simply a windfall from the sky!
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🌟 Russia opens ban on cryptocurrencies: A new era of global asset trading has officially begun?
Cryptocurrency enthusiasts, here are the latest developments! 🌟 Russia passed two major bills yesterday to give cryptocurrency a fair name, which is big news!
🏭 Bill 1: Russia agrees to open up cryptocurrency mining in its territory, announcing that mining activities will be completely legal from November 1, 2024. Remember that not long ago, Russia also banned Bitcoin mining, but now it has made a 180-degree turn, reopening and requiring all mining income to be declared.
💼 Bill 2: Even more impressive is that Russia allows companies authorized by the central bank to use digital currencies for cross-border settlement and foreign exchange transactions. This means that from September 1 this year, Russia will officially use Bitcoin and other cryptocurrencies for international trade.
🔄 The passage of these two bills marks that Russia will not only give cryptocurrency a fair name domestically, but also use them as a medium of exchange on the international stage. This is not only an affirmation of the legitimacy of cryptocurrency, but also a sign that cryptocurrency is becoming increasingly important in the global financial system.
🤔 It is believed that this move by Russia could trigger a global chain reaction, prompting other countries to reconsider their stance on cryptocurrencies. This is not only a shot in the arm for the cryptocurrency market, but also a strong proof of Bitcoin's future potential.
💬 So, the question is: what do you think of these two new Russian bills? What far-reaching impact will this have on the global cryptocurrency market? Share your thoughts in the comments section, and let's discuss this potentially game-changing move together!
#俄罗斯加密货币法案 #加密货币合法化 #比特币挖矿 #数字货币跨境交易
Cryptocurrency enthusiasts, here are the latest developments! 🌟 Russia passed two major bills yesterday to give cryptocurrency a fair name, which is big news!
🏭 Bill 1: Russia agrees to open up cryptocurrency mining in its territory, announcing that mining activities will be completely legal from November 1, 2024. Remember that not long ago, Russia also banned Bitcoin mining, but now it has made a 180-degree turn, reopening and requiring all mining income to be declared.
💼 Bill 2: Even more impressive is that Russia allows companies authorized by the central bank to use digital currencies for cross-border settlement and foreign exchange transactions. This means that from September 1 this year, Russia will officially use Bitcoin and other cryptocurrencies for international trade.
🔄 The passage of these two bills marks that Russia will not only give cryptocurrency a fair name domestically, but also use them as a medium of exchange on the international stage. This is not only an affirmation of the legitimacy of cryptocurrency, but also a sign that cryptocurrency is becoming increasingly important in the global financial system.
🤔 It is believed that this move by Russia could trigger a global chain reaction, prompting other countries to reconsider their stance on cryptocurrencies. This is not only a shot in the arm for the cryptocurrency market, but also a strong proof of Bitcoin's future potential.
💬 So, the question is: what do you think of these two new Russian bills? What far-reaching impact will this have on the global cryptocurrency market? Share your thoughts in the comments section, and let's discuss this potentially game-changing move together!
#俄罗斯加密货币法案 #加密货币合法化 #比特币挖矿 #数字货币跨境交易
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How much does it cost for miners to mine one Bitcoin?
Three factors determine the final cost: electricity price, mining machine, time
Currently, it takes 1250000 T to mine 1 BTC
If it is 0.4 yuan/kWh, if you want to get it within 1 day, you need to invest 6579 T21, the machine cost is 144 million, and the electricity cost is 230,000
If it is 0.4 yuan/kWh, if you want to get it within 1 month, you need to invest 219 T21, the machine cost is 4.81 million, and the electricity cost is 230,000
#比特币挖矿 #矿工
Three factors determine the final cost: electricity price, mining machine, time
Currently, it takes 1250000 T to mine 1 BTC
If it is 0.4 yuan/kWh, if you want to get it within 1 day, you need to invest 6579 T21, the machine cost is 144 million, and the electricity cost is 230,000
If it is 0.4 yuan/kWh, if you want to get it within 1 month, you need to invest 219 T21, the machine cost is 4.81 million, and the electricity cost is 230,000
#比特币挖矿 #矿工
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🌟 Russian industrial giants quietly mined $3 billion worth of Bitcoin, but is legal regulation still a challenge?
🏭️ Russia's cryptocurrency mining industry is booming! As of last year, the country's industrial miners have mined about 54,000 Bitcoins, with a total value of up to $3 billion. Russia is consolidating its position as the world's second largest cryptocurrency mining country after the United States.
🔍 There are several reasons behind Russia's mining boom. First, Russia's low electricity costs are very attractive to miners looking to maximize profits. In addition, Russia's vast territory and cold climate also help reduce the cooling costs of mining machines. According to analysis, more than 95% of Russian miners are focused on Bitcoin mining.
🏛️ Although Russia's regulatory policy is still unclear, Russian President Putin recently signed a law officially allowing cryptocurrency mining. The law provides a clearer definition for this emerging industry and clarifies the rights and obligations of miners. While individual miners can mine without registration, large-scale mining farms will face stricter regulation.
🌐 The Financial Action Task Force (FATF) has expressed concerns about Russia's failure to meet international anti-money laundering standards, which could affect Russia's position in the global cryptocurrency market. Despite the government's efforts to regulate, how to find a balance between growth and control remains a challenge.
🚀 Looking ahead, experts predict that Russia's cryptocurrency mining industry could grow by 20% to 40% by 2024. This optimism stems from the continued demand for Bitcoin and advances in mining technology. However, the industry must deal with an evolving regulatory environment.
🤔 The future of cryptocurrency mining in Russia is full of uncertainty as the government considers new regulations. While an open mining policy heralds great growth potential, the risk of over-regulation could also limit the industry's potential development.
💬 What do you think about the future development of Russia's cryptocurrency mining industry? How do you think the government can find a balance between regulation and innovation? Leave your views in the comments section!
#俄罗斯 #比特币挖矿 #加密货币 #监管环境 #市场动态
🏭️ Russia's cryptocurrency mining industry is booming! As of last year, the country's industrial miners have mined about 54,000 Bitcoins, with a total value of up to $3 billion. Russia is consolidating its position as the world's second largest cryptocurrency mining country after the United States.
🔍 There are several reasons behind Russia's mining boom. First, Russia's low electricity costs are very attractive to miners looking to maximize profits. In addition, Russia's vast territory and cold climate also help reduce the cooling costs of mining machines. According to analysis, more than 95% of Russian miners are focused on Bitcoin mining.
🏛️ Although Russia's regulatory policy is still unclear, Russian President Putin recently signed a law officially allowing cryptocurrency mining. The law provides a clearer definition for this emerging industry and clarifies the rights and obligations of miners. While individual miners can mine without registration, large-scale mining farms will face stricter regulation.
🌐 The Financial Action Task Force (FATF) has expressed concerns about Russia's failure to meet international anti-money laundering standards, which could affect Russia's position in the global cryptocurrency market. Despite the government's efforts to regulate, how to find a balance between growth and control remains a challenge.
🚀 Looking ahead, experts predict that Russia's cryptocurrency mining industry could grow by 20% to 40% by 2024. This optimism stems from the continued demand for Bitcoin and advances in mining technology. However, the industry must deal with an evolving regulatory environment.
🤔 The future of cryptocurrency mining in Russia is full of uncertainty as the government considers new regulations. While an open mining policy heralds great growth potential, the risk of over-regulation could also limit the industry's potential development.
💬 What do you think about the future development of Russia's cryptocurrency mining industry? How do you think the government can find a balance between regulation and innovation? Leave your views in the comments section!
#俄罗斯 #比特币挖矿 #加密货币 #监管环境 #市场动态
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Deutsche Telekom explores Bitcoin pilot project, leading a new revolution in renewable energy mining
Deutsche Telekom (the largest telecommunications provider in Europe) has announced an innovative pilot project to utilize surplus renewable energy to operate Bitcoin mining infrastructure.
This plan is being implemented jointly by Deutsche Telekom's subsidiary MMS and Bankhaus Metzler, aiming to utilize surplus electricity that has not been used due to grid restrictions or lack of storage solutions.
Deutsche Telekom launches Bitcoin mining.
As renewable energy sources such as wind and solar power continue to integrate into the grid, the irregularity of electricity supply also poses challenges to grid stability.
To address this issue, Deutsche Telekom is attempting to convert underutilized energy into digital assets, especially in the energy-intensive field of Bitcoin mining.
This plan is being implemented jointly by Deutsche Telekom's subsidiary MMS and Bankhaus Metzler, aiming to utilize surplus electricity that has not been used due to grid restrictions or lack of storage solutions.
Deutsche Telekom launches Bitcoin mining.
As renewable energy sources such as wind and solar power continue to integrate into the grid, the irregularity of electricity supply also poses challenges to grid stability.
To address this issue, Deutsche Telekom is attempting to convert underutilized energy into digital assets, especially in the energy-intensive field of Bitcoin mining.
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Bitcoin ecosystem explodes?
Bitcoin dual mining is in progress! ! !
#分形比特幣 #分形比特币 #比特币挖矿 #比特币政策 #fractalbitcoin
Bitcoin dual mining is in progress! ! !
#分形比特幣 #分形比特币 #比特币挖矿 #比特币政策 #fractalbitcoin
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US cryptocurrency regulations tighten as Joe Biden blocks Chinese-owned mining farms
On May 13, U.S. President Joe Biden issued a directive prohibiting MineOne from acquiring real estate near a strategic missile base. The U.S. government discovered that MineOne, which is primarily owned by Chinese citizens, planned to use the property for cryptocurrency mining.
The decision stems from national security concerns because of the site's proximity to Francis E. Warren Air Force Base, which is home to Minuteman III intercontinental ballistic missiles.
National security concerns prompt U.S. president to act
The directive issued by U.S. President Joe Biden mentioned that MineOne, a cryptocurrency mining company mainly owned by Chinese citizens, posed a national security risk because the real estate it planned to purchase was close to a U.S. strategic missile base, which is a key element of the U.S. nuclear triad.
The decision stems from national security concerns because of the site's proximity to Francis E. Warren Air Force Base, which is home to Minuteman III intercontinental ballistic missiles.
National security concerns prompt U.S. president to act
The directive issued by U.S. President Joe Biden mentioned that MineOne, a cryptocurrency mining company mainly owned by Chinese citizens, posed a national security risk because the real estate it planned to purchase was close to a U.S. strategic missile base, which is a key element of the U.S. nuclear triad.
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Trump proposes mining remaining Bitcoins across the U.S. to compete for energy dominance
Former U.S. President Donald Trump has adopted a new strategy in the cryptocurrency space to appeal to the growing community of cryptocurrency enthusiasts.
In a meeting with representatives of several bitcoin mining companies, Trump announced his ambitious goal to push for all remaining bitcoins to be mined in the United States, not only in Washington, D.C., but also internationally.
He believes this will not only help protect Bitcoin mining from external influences, but also strengthen the United States' global leadership in the energy sector.
Trump’s Cryptocurrency Campaign
Industry insiders who attended the meeting included Salman Khan of Marathon Digital, S Matthew Schultz and Jason Les of CleanSpark, and Brian Morgenstern of Riot Platforms. In addition, Amanda Fabiano, former head of mining at Galaxy and director of Bitcoin mining at Fidelity, also attended the meeting.
In a meeting with representatives of several bitcoin mining companies, Trump announced his ambitious goal to push for all remaining bitcoins to be mined in the United States, not only in Washington, D.C., but also internationally.
He believes this will not only help protect Bitcoin mining from external influences, but also strengthen the United States' global leadership in the energy sector.
Trump’s Cryptocurrency Campaign
Industry insiders who attended the meeting included Salman Khan of Marathon Digital, S Matthew Schultz and Jason Les of CleanSpark, and Brian Morgenstern of Riot Platforms. In addition, Amanda Fabiano, former head of mining at Galaxy and director of Bitcoin mining at Fidelity, also attended the meeting.
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CleanSpark reached an agreement to purchase 160,000 Bitmain S21 miners before starting internal trading
CleanSpark’s initial agreement involves the acquisition of 60,000 mining rigs, while it has an option to purchase an additional 100,000 mining rigs in 2024.
Nasdaq-listed Bitcoin miner CleanSpark Inc. has reached an agreement to purchase up to 160,000 Bitmain S21 mining rigs. The company noted in a press release on Monday that the acquisition could boost CleanSpark’s computing power to 50 EH/s.
A few days ago, CleanSpark revealed plans to build an in-house trading platform this year to improve returns on its large Bitcoin holdings.
CleanSpark preliminary agreement to purchase 60,000 units
Nasdaq-listed Bitcoin miner CleanSpark Inc. has reached an agreement to purchase up to 160,000 Bitmain S21 mining rigs. The company noted in a press release on Monday that the acquisition could boost CleanSpark’s computing power to 50 EH/s.
A few days ago, CleanSpark revealed plans to build an in-house trading platform this year to improve returns on its large Bitcoin holdings.
CleanSpark preliminary agreement to purchase 60,000 units
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Hello everyone, I'm A10JQK! Today we're going to talk about Russia's new trends in the Bitcoin mining industry. This is a good hand! ♠️♥️♣️♦️
♠️ Russia played this card beautifully! Putin the Great revealed the trump card at the Eastern Economic Forum: Russia has become one of the global leaders in Bitcoin mining! It seems that it is going to dominate this digital gold rush!
♥️ But Putin did not forget to play a moderate card: Although mining has brought energy dividends to Siberia and other regions, mining activities cannot become a stumbling block to local development. This move is really interesting!
♣️ Let's take a look at the specific data. This is the real big card:
• In 2023, Russia mined 54,000 bitcoins
• Contributed more than $550 million in taxes to the country
This is not a small amount. Russia really made a lot of money by playing this card!
♦️ Bezdlov, chairman of the Industrial Mining Association, also predicted that this number will continue to grow as the new cryptocurrency mining law is implemented and new investors pour in. It seems that Russia still has a trick up its sleeve!
In general, Russia has won a great victory in the global Bitcoin mining game with its abundant energy resources and low-cost advantages. The perfect regulatory environment and the addition of new players make people look forward to the future.
Dear card friends, do you think Russia can continue to win this hand? Welcome to express your views in the comment area! ♠️♥️♣️♦️
#美国大选如何影响加密产业？ #以太坊基金会
#比特币挖矿 #全球竞争力
$BTC $ORDI $1000SATS
♠️ Russia played this card beautifully! Putin the Great revealed the trump card at the Eastern Economic Forum: Russia has become one of the global leaders in Bitcoin mining! It seems that it is going to dominate this digital gold rush!
♥️ But Putin did not forget to play a moderate card: Although mining has brought energy dividends to Siberia and other regions, mining activities cannot become a stumbling block to local development. This move is really interesting!
♣️ Let's take a look at the specific data. This is the real big card:
• In 2023, Russia mined 54,000 bitcoins
• Contributed more than $550 million in taxes to the country
This is not a small amount. Russia really made a lot of money by playing this card!
♦️ Bezdlov, chairman of the Industrial Mining Association, also predicted that this number will continue to grow as the new cryptocurrency mining law is implemented and new investors pour in. It seems that Russia still has a trick up its sleeve!
In general, Russia has won a great victory in the global Bitcoin mining game with its abundant energy resources and low-cost advantages. The perfect regulatory environment and the addition of new players make people look forward to the future.
Dear card friends, do you think Russia can continue to win this hand? Welcome to express your views in the comment area! ♠️♥️♣️♦️
#美国大选如何影响加密产业？ #以太坊基金会
#比特币挖矿 #全球竞争力
$BTC $ORDI $1000SATS
See original
🌟 TeraWulf mining output declined, but revenue exceeded expectations! 📊
🔍 TeraWulf's second-quarter earnings report was released, and the results were mixed. Although their Bitcoin production fell 21% from last year, with only 699 BTC mined, revenue was slightly higher than the expected $35.4 million, reaching $35.6 million.
📉 Although the financial report showed a small profit, mining costs also rose. The company soared from $668 per Bitcoin in the second quarter of 2023 to $22,954 in the same period of 2024. The main reason for the analysis was the increase in mining difficulty and the impact of Bitcoin halving.
👉 Even so, Chief Financial Officer Patrick Fleury was quite satisfied with the company's financial performance. He said that despite the challenging environment after the Bitcoin halving, the company is still operating steadily, and their balance sheet is healthy, cash is sufficient, debt is cleared, and they are ready for future growth.
🚀 Now, TeraWulf is busy doing big things. They are advancing the high-performance computing (HPC) and AI projects at the Lake Mariner Facility. 2 megawatts of electricity have been allocated for this project, and a 128-GPU cluster has been obtained from NVIDIA.
💡 At the same time, in order to support the AI project, TeraWulf upgraded the Internet connection, installed a closed-loop liquid cooling system, and ensured the full reliability of the power supply.
💭 Viewpoint:
🌐The sharp increase in mining costs and the halving of Bitcoin have posed challenges to miners' earnings, but TeraWulf has demonstrated its ability to adapt to market changes and seek new growth points through technology upgrades and business diversification.
At the same time, the solid balance sheet and cash position provide TeraWulf with expansion opportunities in the fields of high-performance computing and artificial intelligence, which may bring new revenue sources to the company and enhance its market position.
From an investor's perspective, TeraWulf may be optimistic about TeraWulf's long-term strategy and business diversification, especially against the backdrop of pressure on Bitcoin mining earnings.
💬 What do you think of this report from TeraWulf and their future plans? Do you think they can make breakthroughs in HPC and AI?
Tell me your opinions and prospects for the Bitcoin mining industry in the comments!
#TeraWulf #比特币挖矿 #财报 #挖矿成本
🔍 TeraWulf's second-quarter earnings report was released, and the results were mixed. Although their Bitcoin production fell 21% from last year, with only 699 BTC mined, revenue was slightly higher than the expected $35.4 million, reaching $35.6 million.
📉 Although the financial report showed a small profit, mining costs also rose. The company soared from $668 per Bitcoin in the second quarter of 2023 to $22,954 in the same period of 2024. The main reason for the analysis was the increase in mining difficulty and the impact of Bitcoin halving.
👉 Even so, Chief Financial Officer Patrick Fleury was quite satisfied with the company's financial performance. He said that despite the challenging environment after the Bitcoin halving, the company is still operating steadily, and their balance sheet is healthy, cash is sufficient, debt is cleared, and they are ready for future growth.
🚀 Now, TeraWulf is busy doing big things. They are advancing the high-performance computing (HPC) and AI projects at the Lake Mariner Facility. 2 megawatts of electricity have been allocated for this project, and a 128-GPU cluster has been obtained from NVIDIA.
💡 At the same time, in order to support the AI project, TeraWulf upgraded the Internet connection, installed a closed-loop liquid cooling system, and ensured the full reliability of the power supply.
💭 Viewpoint:
🌐The sharp increase in mining costs and the halving of Bitcoin have posed challenges to miners' earnings, but TeraWulf has demonstrated its ability to adapt to market changes and seek new growth points through technology upgrades and business diversification.
At the same time, the solid balance sheet and cash position provide TeraWulf with expansion opportunities in the fields of high-performance computing and artificial intelligence, which may bring new revenue sources to the company and enhance its market position.
From an investor's perspective, TeraWulf may be optimistic about TeraWulf's long-term strategy and business diversification, especially against the backdrop of pressure on Bitcoin mining earnings.
💬 What do you think of this report from TeraWulf and their future plans? Do you think they can make breakthroughs in HPC and AI?
Tell me your opinions and prospects for the Bitcoin mining industry in the comments!
#TeraWulf #比特币挖矿 #财报 #挖矿成本
See original
Bitcoin mining companies ship equipment overseas ahead of halving
In anticipation of the upcoming Bitcoin (BTC) halving event, thousands of outdated Bitcoin mining machines in the United States are being prepared to be shipped overseas.
SunnySide Digital, a wholesaler in the cryptocurrency mining industry, is shipping approximately 6,000 older Bitcoin mining machines to a warehouse it operates in Colorado Springs, Bloomberg reported.
The company plans to refurbish and resell the machines to overseas buyers, particularly in areas with lower energy costs.
SunnySide Digital CEO Taras Kulyk said the decision was a natural reaction to the halving event. Buyers are looking for places where electricity bills are minimized. Countries such as Ethiopia, Tanzania, Paraguay and Uruguay are becoming key players in the global mining landscape due to their favorable energy costs.
SunnySide Digital, a wholesaler in the cryptocurrency mining industry, is shipping approximately 6,000 older Bitcoin mining machines to a warehouse it operates in Colorado Springs, Bloomberg reported.
The company plans to refurbish and resell the machines to overseas buyers, particularly in areas with lower energy costs.
SunnySide Digital CEO Taras Kulyk said the decision was a natural reaction to the halving event. Buyers are looking for places where electricity bills are minimized. Countries such as Ethiopia, Tanzania, Paraguay and Uruguay are becoming key players in the global mining landscape due to their favorable energy costs.