10 Predictions for Bitcoin Mining in 2023

Jan 8, 2023 | Knowledge Base, Updates

2023 is here, and the bitcoin mining industry is full of questions about what the new year will bring. Some key topics of interest include the impact of companies that failed in 2022, the fate of nearly bankrupt public miners, and the focus on miners in 2023....

Bitcoin miners produce only 0.08% of global CO2 emissions

Feb 7, 2022 | Updates

Bitcoin miners produce only 0.08% of global CO2 emissions Bitcoin miners and their energy consumption are one of the favorite topics for Bitcoin critics. The network consumes a vast amount of electricity to secure the blockchain. Therefore, they contribute...

Bitcoin network shows enormous strength as miners move to the US

Jan 1, 2022 | Updates

China was the epicenter of bitcoin (BTC) mining for a long time. Mainly, the abundance of cheap energy and the well-developed technology industry were reasons for mining being such a major sector. But after the Chinese government implemented a blanket ban on mining,...

Bitcoin mining boosts the innovation of sustainable energy

Dec 4, 2021 | Updates

Bitcoin mining boosts the innovation of sustainable energy That bitcoin (BTC) mining is a waste of energy is a common argument against Bitcoin. It is true that the network consumes a lot of energy, and you might be shocked when you realize the network uses more...

Bitcoin miner revenues increase by 57% while the network continues recovery

Aug 18, 2021 | Updates

The Bitcoin (BTC) mining hash rate continues to climb while the miner revenues soared during the past couple of weeks. Glassnode, a blockchain research firm, states that bitcoin miners saw their income grow by 57%. The researchers also note a likely reason for the...