Report: Paraguayan Bitcoin Mining Industry Provides Fewer Than 400 Jobs

Report: Paraguayan Bitcoin Mining Industry Provides Fewer Than 400 Jobs   news.bitcoin.com  + 1 more 29 August 2024 22:40, UTC A report presented to the Paraguayan Congress highlights the low level of employment associated with the country’s bitcoin mining activity. According to data from the Social Care Institute, the entire bitcoin mining industry is responsible…

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Leading Bitcoin Miner GDA Plans Mining Expansion to 400 MV Leveraging Renewables

Leading Bitcoin Miner GDA Plans Mining Expansion to 400 MV Leveraging Renewables   bitcoinmagazine.com 29 August 2024 13:53, UTC Genesis Digital Assets (GDA), one of the world’s largest Bitcoin mining companies, has announced plans to expand its recently launched Texas data centre to 400 megawatts. The ambitious phase two scaling highlights GDA’s commitment to Texas…

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Bitcoin Miners Are Still Buying New Hardware Despite Headwinds—Here’s Why

Bitcoin Miners Are Still Buying New Hardware Despite Headwinds—Here’s Why   decrypt.co  + 1 more 11 September 2024 23:15, UTC In the midst of shrinking revenues and rising operational costs, industry experts tell Decrypt that Bitcoin miners are continuing to invest in new, specialized hardware, displaying strong confidence in the future of the leading crypto…

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Troubling new Bitcoin research into Bitmain mining proxies

Troubling new Bitcoin research into Bitmain mining proxies   protos.com 16 September 2024 18:59, UTC In April, pseudonymous researchers Mononaut and 0xB10C confirmed a long-held suspicion that Bitmain influenced a concerning percentage of the bitcoin mining network. Today, follow-up research confirms the sway of Bitmain over ‘proxy’ mining pools. Although bitcoin miners are technically able…

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