While to the greater Bitcoin culture, Bitcoin halvings are seen as a celebratory event, for miners, things tend to be a tad stressful. As Bitcoiners around the world gather to celebrate block 840,000, miners are hunkering down and preparing for their reward for mining blocks to decrease by 50%, while the cost of their operations remains the same. With the next bitcoin halving scheduled to occur on April 19, one might imagine that Fred Thiel, CEO of Marathon Digital Holdings, the largest publicly-traded Bitcoin mining company in the world, might be worried. But after sitting down with Thiel jus ..read more

Publicly-traded bitcoin mining company Gryphon Digital Mining (“Gryphon”) is currently mining bitcoin with 100% renewable energy, according to a third-party audit the company has made public. Gryphon is taking a bold step in #ESG leadership by publishing its #carbonemissions data publicly. Insight into our 100% renewable status is available here: https://t.co/1DV7bCYIp1 $GRYP #GryphonDigital pic.twitter.com/69jT2nCjWw — Gryphon Digital Mining (@GryphonMining) March 26, 2024 Gryphon Digital Mining uses CarbonChain, an organization that monitors corporate carbon emissions, to track its carbon f ..read more

Today, one of the largest bitcoin mining companies in the world in terms of hash rate, Genesis Digital Assets (GDA), announced that it will gain access to 36 MW of power from the Tarbush data center in West Texas, adding 1 EH/s to its total hash rate capacity. GDA, which was founded in 2013 and operates 19 mining facilities across North America, Europe and Central Asia, has entered into a strategic hosting arrangement with Lonestar Dream, developer of immersion cooling systems for bitcoin mining devices, to run the Tarbush operation. “This hosting agreement is an important milestone for us as ..read more

The Stratum Reference Implementation (SRI) team has unveiled SRI 1.0.0, a new milestone in their journey to decentralize and optimize bitcoin mining, according to a press release sent to Bitcoin Magazine. This latest release is now available for immediate testing and seamless integration. Some key highlights of SRI 1.0.0 include: Miners can connect to SV2 pools without upgrading existing SV1 firmware through Translation Proxy or directly using an SV2 firmware device like BraiinsOS. Miners have the flexibility to run their bitcoin nodes, construct templates, and declare them to the S ..read more

The Biden Administration has intensified oversight on the U.S. bitcoin mining sector through an Energy Information Agency (EIA) emergency survey, portraying electricity usage by miners as a significant threat to national grid stability. This move, which demands detailed disclosures from miners, mirrors actions in Venezuela that led to mining confiscations, signaling a concerning trend towards a full registry of mining activities. The article advocates for the bitcoin mining community to unite against this overreach, emphasizing the positive impact miners have on grid stability through demand r ..read more

In mid-January, a massive winter storm swept across the United States, dropping temperatures in Central Texas into the low 20s and causing Texans to huddle indoors with their heaters running full blast. The Texas power grid creaks and groans when it’s put to the test during extreme weather events and sometimes it goes down leaving citizens out in the cold. However this time the power stayed on and it was in large part due to an unexpected recent phenomenon: Bitcoin Mining. Bitcoin miners turned their operations off to redirect power back to critical infrastructure & reduce stress on the Te ..read more

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin miners have not been operating under normal circumstances for the past several months. Bitcoin’s blockchain has seen a particularly intense degree of demand over the past several months, and it looks like BRC-20s, and to a lesser extent, image inscriptions, all made possible by the Ordinals protocol, bear a great deal of responsibility. Esse ..read more

Traditionally, the mining industry has been vilified for its environmental impact and energy use. This article describes the industry where mining can have an immediate positive impact – fossil fuel operations. Background The run-up to November 2023 COP28 in Dubai has seen a flurry of activity from the world’s three largest economies on the question of energy sector methane. That month, China published its long-awaited Methane Emissions Control Action Plan, followed by the China-US Sunnylands Statement on Enhancing Cooperation to Address the Climate Crisis and the European Council and Parliame ..read more

Blockstream, a global leader in Bitcoin infrastructure, has announced the Series 2 launch for its Bitcoin-denominated investment vehicle, the Blockstream ASIC (BASIC) Note, according to a press release sent to Bitcoin Magazine. This follows the success of Series 1, which witnessed investor demand exceeding expectations. The Series 1 phase, initiated in September 2023, saw Blockstream allocate a total of $4.876 million towards procuring Antminer S19k Pro ASIC miners, substantially surpassing the anticipated $5 million target. The choice of these miners, renowned for their efficiency b ..read more

SunnySide Digital, a global distributor of enterprise data center infrastructure, has announced a new partnership with Rosseau, to offer high-performance computing (HPC) and bitcoin mining clients immersion cooling technology. This collaboration promises to enhance power density by up to 100%, surpassing alternative immersion cooling systems currently available in the market, according to a press release sent to Bitcoin Magazine. "I have witnessed firsthand the caliber of execution and the exceptional business relationships SunnySide Digital has cultivated with bitcoin miners," said Karth ..read more