Bitfarms (BITF), the Canadian bitcoin miner, has doubled its mining power over the last eight months, the company said in a statement on Monday.The company has increased its hashrate to 2 EH/s at the same time when the Bitcoin network has grown about 12%, allowing it to gain a larger share of the network hashrate.“As we continue to execute on our expansion plans, we expect to … [Read more...] about Bitfarms Doubles Hash Rate to More Than 2 Exahash per Second
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Mining software appears to have cracked Nvidia’s Lite Hash Rate algorithm
The team behind mining software NBMiner claim to have partially cracked Nvidia’s anti-mining limitations.Back in June Nvidia implemented an algorithm called Lite Hash Rate, or LHR, on all graphics cards from its RTX 30 series in an attempt to curb crypto mining. The limiter works on both the BIOS and driver level detecting mining algorithms and drastically reducing its mining … [Read more...] about Mining software appears to have cracked Nvidia’s Lite Hash Rate algorithm
China’s Bitcoin hash power fell before the crackdown: Cambridge data
China’s crackdown on Bitcoin (BTC) mining due to energy consumption concerns is widely regarded as the trigger for the miners’ exodus from Asia to Western countries. But new research by the Cambridge Centre for Alternative Finance suggests that the shift in mining power started before China’s renewed scrutiny.Reuters reported that China’s total computing power connected to the … [Read more...] about China’s Bitcoin hash power fell before the crackdown: Cambridge data
Bitcoin’s Hash Rate Originating From China Falls Below 50%
Bitcoin miners based in China now control less than 50% of the total BTC hash rate Hash rate originating within China is dropping as the government continues to crack down on Bitcoin mining The United States is the biggest beneficiary of the migration of mining away from China Bitcoin’s hash rate has also started to rebound after the massive dip due to China reiterating its ban … [Read more...] about Bitcoin’s Hash Rate Originating From China Falls Below 50%
Blockware Mining raises $25 million to triple hash rate from Kentucky facility
Blockware announced Thursday that they have raised $25M in a second oversubscribed fundraising round.They plan to use the funds to expand their bitcoin mining operations in Kentucky, and will also install 8,000 more bitcoin mining rigs on its Paducah campus, where it recently purchased 5 acres of land.The company has already purchased the necessary rigs, and 6,000 more that it … [Read more...] about Blockware Mining raises $25 million to triple hash rate from Kentucky facility