Category: Bitcoin mining

An In-Depth Analysis of 7 Advanced Bitcoin Miners From Bitmain, Canaan, and Microbt

October 27, 2023 Caden

Recently, the top three bitcoin mining rig manufacturers unveiled a group of next-generation products with efficiency ratings of less than 20 joules per terahash (J/T) and powerful hashrates. In total, Bitmain, Canaan, and Microbt released seven new devices. The following provides a look at the machines’ current profitability using prevailing BTC exchange rates. A Look…

Bitcoin (BTC), Bitcoin mining, Bitmain, Canaan, Crypto, Cryptocurrency, Microbt, Mining

Stop the Presses: Criticism Against the New York Times Mounts as Newspaper Is Accused of Killing 59 Million Trees Annually

April 19, 2023 Caden

After the New York Times (NYT) published an editorial about bitcoin mining, claiming the industry is harmful to the environment, an organization called Stop the Presses took issue with the Times’ paper usage. Stop the Presses launched a social media campaign against the NYT’s newspaper production. The organization’s website, nytimesup.org, alleges that the company “kills…

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Following BTC’s Price Drop, Bitcoin Miners Benefit From a 2.35% Difficulty Reduction

June 21, 2022January 27, 2023 Caden

During the past week, Bitcoin’s hashrate has dropped a few percentages after reaching 288 exahash per second (EH/s) on June 8, 2022. Bitcoin miners, however, got a break on Wednesday, June 22, as the mining difficulty dropped by 2.35% making it easier for miners to find blocks. The 2.35% drop brings the difficulty down to…

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