The miner earned $263,000 with a relatively simple Bitaxe mining machine A solo Bitcoin miner has recently achieved a remarkable feat by using a basic mining rig to capture a full mining reward worth $263,000. This miner, who used a small, affordable 480-gigahash per second (GH/s) Bitaxe machine, solved a block in the blockchain and
A new Texas Blockchain Council report suggests crypto mining brought 31,000 new jobs to the US The Bitcoin mining industry has become a significant contributor to job creation in the US, providing thousands of positions both directly and indirectly. A recent report by the Perryman Group, published by the Texas Blockchain Council and The Digital
Tensions between China and the US may have the company eyeing major changes Bitmain, a leading manufacturer of Bitcoin mining equipment, has announced plans to expand its production capabilities to the US. This move comes as trade tensions between the US and China escalate, prompting companies to seek solutions to ensure supply chain stability and
The tech giant teamed up with Atom Computing to create the next level of computing Microsoft and Atom Computing have announced a breakthrough in quantum computing that could reshape blockchain mining, particularly in proof-of-work systems. The collaboration has resulted in the development of a quantum computing system with 24 entangled logical qubits, achieved using just
Several Bitcoin miners have received huge payouts for their dedication A Bitcoin miner has recently secured a not-so-common and significant payday of around $180,000 after successfully mining a block on their own. On September 10, the miner solved block number 860749, which included 5,935 transactions. The reward for mining the block totaled 3.169 Bitcoin, valued
The company has failed to recover from a long string of poor decisions Rhodium Enterprises, a prominent Bitcoin mining firm, has filed for Chapter 11 bankruptcy in the US Bankruptcy Court for the Southern District of Texas. The filing, which was submitted on August 24, 2024, indicates that the company is facing significant financial challenges,
The company was attracting investments on the basis of lies and scams The Texas State Securities Board recently issued a cease-and-desist order against Arkbit Capital, which is accused of committing fraud while conducting cryptocurrency cloud mining operations. The order states that Texas State Securities Board Financial Examiner Alexis Cantrell uncovered evidence that Arkbit Capital and
The miner was the only one to validate the block, leading to the reward Against all odds, a lone Bitcoin miner has successfully solved a Bitcoin block, earning the entire block reward of 3.125 Bitcoin. At today’s price, that’s around $196,000. Congratulations to miner 365ughTgK9Q7rXXTM7vubqy1awZ2AZJijP for solving the 282nd solo block solved at https://t.co/UWgBvLkDqc with a
President Biden has once again submitted his crypto mining tax increase in a budget proposal President Joe Biden has resurrected the concept of a 30% tax on electricity used by cryptocurrency miners in his 2025 budget proposal. It’s not the first time it has come up, but could find more support in an election year.
Legislation in the state would give protections to those who mine and trade cryptocurrency Nebraska State Senator Eliot Bostar introduced a bill in the legislature on January 5 to establish basic crypto benchmarks in the state. Bill 911 seeks to adopt the Blockchain Basics Act, which aims to specify regulations promoting safe and legal cryptocurrency
Bitcoin’s birth is celebrated in October, but January marks its true introduction The original cryptocurrency has battled detractors, haters, and troublemakers since the first block of Bitcoin was mined fifteen years ago. It is now ranked as one of the top ten most valuable assets worldwide. Many celebrate the release of Bitcoin’s white paper on
The merger creates a US-based crypto mining powerhouse that could change the market Cryptocurrency mining firms Hut 8 Mining Corporation and US Bitcoin Corporation (USBTC) are uniting operations in an all-stock merger to create a new US-focused company named Hut 8 Corp (New Hut). Canadian-based Hut 8 revealed the culmination of the merger on November
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