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Compass Mining Energizes 3,000 Bitcoin Mining Rigs at Iowa Facility

Compass Mining Energizes 3,000 Bitcoin Mining Rigs at Iowa Facility

Compass Mining has powered up 3,000 bitcoin mining machines at its newly partnered hosting facility in Iowa. The company also plans to install 1,00...
Sep, 09, 2024
by Bitcoin News
Bitcoin’s Hashrate Nears All-Time Peak Despite Difficulty Bump and Revenue Loss

Bitcoin’s Hashrate Nears All-Time Peak Despite Difficulty Bump and Revenue Loss

Despite a bump in mining difficulty and a drop in hashprice, Bitcoin’s total hashrate is still on the rise. In fact, on Wednesday it’s just 12 exah...
Sep, 04, 2024
by Bitcoin News
Post-Halving, Bitcoin Difficulty Drops Significantly; Hashrate Dips Below 600 EH/s

Post-Halving, Bitcoin Difficulty Drops Significantly; Hashrate Dips Below 600 EH/s

The Bitcoin network experienced its second difficulty adjustment post-halving and the most significant reduction this year. Additionally, the netwo...
May, 09, 2024
by Bitcoin News
The Halving Effect: Bitcoin Hashrate Decreases as Miners Prepare for Probable Difficulty Drop

The Halving Effect: Bitcoin Hashrate Decreases as Miners Prepare for Probable Difficulty Drop

Just over two weeks have passed since the fourth Bitcoin halving took place. During this period, the network’s hashprice dropped from over $100 per...
May, 05, 2024
by Bitcoin News
Financial Squeeze Tightens for Bitcoin Miners as Earnings Continue to Fall

Financial Squeeze Tightens for Bitcoin Miners as Earnings Continue to Fall

On Friday, Bitcoin’s hashprice was $56.95 per petahash per second (PH/s), but by Sunday, it had dropped to $51.66 per petahash. Over the last 100 b...
Apr, 28, 2024
by Bitcoin News