Report: Corporate Bitcoin Mining Is Threat to Future of BTC
Wall Street funding of public Bitcoin mining companies has affected the incentive structure behind mining activities.
Bitcoin mining hardware producer BitFury raised $20 million in new funding, thus making it the largest investment in the bitcoin industry.
Wall Street funding of public Bitcoin mining companies has affected the incentive structure behind mining activities.
The rise in Bitcoin mining difficulty reflects an influx of new miners joining the network, indicating heightened interest in securing a portion of the remaining unmined BTC from the total supply.
Marathon Digital’s spectacular performance aligns with the broader boom in the Bitcoin mining sector.
Bitcoin mining firms have been racing to expand their businesses ahead of an expected approval of a spot Bitcoin ETF.
If not for anything else, the latest report about clean energy usage could mean a greater move toward the adoption of BTC.
Recent data have left analysts optimistic about what the future holds for Bitcoin and the largest altcoin Ether (ETH).
Recent survey shows that Italy is the most expensive country for mining Bitcoin at $208,560 for each BTC produced.
In response to the bill, three lobbying groups including the Texas Blockchain Council, the Chamber of Digital Commerce, and the Satoshi Action Fund launched an “anti-competitive” campaign called “Don’t Mess With Texas Innovation”.
Amidst its woes Marathon Digital secured a loan from the now defunct Silvergate Bank, a deficit it said it has been able to completely offset.
Marathon Digital has also revealed the nature of its exposure to the now-defunct crypto-focused Silvergate Bank.