Showing posts with label bitcoin mining. Show all posts
Showing posts with label bitcoin mining. Show all posts

Miners Kick Off the Year STRONG - Bitcoin Mining Profits UP by Nearly 50% So Far in 2023...

Bitcoin mining 2023

These highs have not been witnessed since early November of last year, just before the FTX meltdown and accompanying drop in bitcoin's price.

Based on data from the blockchain explorer, miners were making about $16.1 million per day at the start of the year. In the meantime, as of 30 January 2023, the amount is $23.8 million daily. In this light, January's growth rate stands at 48%.

Because miners are paid in BTC, the value of Bitcoin has major significance. On that note, after beginning the month at around  $16,500, January ended around $23,000.

The mining profitability increase began to stand out about halfway through January, when profitability for miners hit USD 77 PH/day, signaling a clear upward trend in miner performance metrics.

After a depressing 2022 characterized by a significant bear market and a 65% loss in BTC's market value, miners are optimistic about 2023 with their surprisingly strong start. 

Author: Adam Lee 
Asia News Desk Breaking Crypto News

Celsius Sold Over 22,000 Bitcoin Mining Rigs at 50% Discount ( $60+ MILLION Under-value) to Raise Funds FAST...

Empty bitcoin mining racks

This information was confirmed via a source close to or within the company, who will remain unnamed.

Most people were unaware the recently bankrupt crypto lender Celsius was also mining Bitcoin at a fairly large scale- running more than 22,000 ASIC mining devices.  

We say 'more than 22,000' because towards the end of 2021 Celsius said the were expanding their mining operation, and at that point they said they already had 22,000 rigs.

We never heard how many more were added, assuming they followed through with their plans to expand at the time.

Then Market PANIC Triggered a Sell-Off of their Miners - at a HUGE Discount...

Through online auction sites Celsius sold at the mining rigs HALF PRICE of their current value, which highlights just how desperate the company had become. 

It appears they used primarily Antminer S19 Pro models, which you can buy from the manufacture Bitmain at today at $5,940 - but they sold each unit between $2,400 and $3,000.

Sticking with the low estimate of 22,000 mining rigs, it appears Celsius sold their mining rigs at a total discount of over $63 Million.

Taking a $63 Million Loss, to Avoid a $4 BILLION One...

While it sounds insane now, at the time the threat of liquidation was becoming more likely every day - their assets were over leveraged, and as Bitcoin's price dropped they were coming closer to losing everything. 

Raising these funds fast and paying down some of their debt helped them avoid losing all $4.7 billion!

Next time I think I'm having a stressful day at work, I'll think of the decisions the Celsius guys have had to make over these last few weeks. 

Author: Mark Pippen
London News Desk 
Breaking Crypto News

ECOSAC is Taking BTC Mining to 100% Carbonless Emission...

2 Companies are participating at the same time in a DUO SACRIFICE PHASE. Sacrifice to show your voice  that the World needs ecofriendly BTC mining going forward. By 2024 BTC mining will use as much electricity as the country of Australia, according to some reports.

Change can happen but only if voiced together through a Sacrifice. Once the sacrifice phase is over, the total sacrifice points for each sacrifice’s address's points are totaled up. This creates a list of Sacrificees ranked by total points from largest to smallest. 

Minimum Sacrifice set to 100 points for which every Sacrificees receives the following products and services as long as the minimum Sacrificed amount is $4million USD or more: 

- Company A points (1 for 1)
- Company B points (1 for 1)
- Bonus Coin points (1/4 to 1)
- Frega points (5% of Sac amount 1 for 1)
- Potential Gifting Pooling Participation Program

In addition to the 100 points for 250 – 499 Sacrifice points includes:

- EcoSac Dryfit long sleeve Shirt
- Safepal S1 Hardwallet with leather case

In addition to the 100 & 250 points for 500 - 999 Sacrifice points includes:

- 500 2D LE NFT for Sacrificees 501 to 999 on Day 1
- All other Day 1 Sacrificees will receive a # 2D NFT
- For day 2-14 non-LE 2D NFT sequenced # largest to smallest by sac amount
- Crypto tax software for 1 year

In addition to the 100, 250, & 500 points for 1,000 or more Sacrifice points or more includes:

- 500 3D NFT LE for the 1st 500 Sacrificees on Day 1
- EcoSac watch or flash drive subject to availability
- Five random wallet addresses will be chosen via an aggregate to be awarded:
- Tesla Model 3 Long Range (Tax liabilities will be covered by the Sacrificee or wallet holder)

Those who cant afford the tax liability will have the option to have STM auction the vehicle to the highest  Sacrificee and receive the amount in BTC in lieu of the vehicle.

Five random wallet addresses for Full Bridge Implant Giveaway that includes: 

1. All extractions as needed.
2. All bone grafts except sinus lifts.
3. Premium Neodent Aqua implants which offer one of the fastest healing times for implants in the world.
4. Zirconia Pro - Upper/lower zirconia teeth featuring Prettau 2 Dispersive Zirconia from Zirkonzahn one of the world’s most stunning aesthetics
5. Available in BL1 shade
6. Unconditional 5 year warranty. No exclusions. No deductibles.
7. Performed by or potentially at a location  closest to you

This is truly the opportunity of a lifetime! 

*All Sacrificees whom are wanting the procedure will need to be a candidate of which ONLY the Doctor can make that  determination as STM or those involved with the Sacrifice cannot give any medical opinions nor will do so at any time. 

**All candidates will need to have xrays taken at their expense for the initial consult in order to be considered  for the procedure 

***subject to change at any time 

Leaderboard Bonuses: 

-  In addition to the 100, 250, & 500, & 1,000 points for the Top 14 (less the top 6) Sacrifice point totals includes: ecofriendly Bicycle or Scooter (when available by Company B) 

-  In addition to the 100, 250, 500, & 1,000 points for the Top 5 (less the Top 1) in Sacrifice points will receive 1  Whale pass (if available otherwise an additional ticket) + 1 ticket to BTC 2022 in Miami 

-  In addition to the 100, 250, 500, & 1000 points for the Top Sacrificee will receive an all-expense paid trip to  include Hotel and Air plus transfers from their home area to London for London2049 in Oct 2022 or a Bitcoin  conference of their choice. 

Everyone’s points supply increases with the amount sacrificed. The sacrifice will create 1 free dual point per  sacrifice point. Meaning, 1 sacrifice point earns 1 point in Company A and 1 point in Company B plus 25% of a  point in the Bonus Coin, plus 5% of every sacrifice into Frega points, and a depending on the Sac amounts  additional products or services can be obtained such as a Hard wallet, NFT either 2D or 3D, Tesla, London  conference, passes to Bitcoin 2022 in Miami, etc. The USD value of sacrifice's are estimated using 60-minute  time weighted average prices as needed. At some future date in 2022 Company A, B, and Bonus point totals be  exchanged for three different coins whereas the coins when launched on various exchanges will start at zero  value. 

Point Bonus 

Those with the largest voice and sacrifice the largest points will be in the front. The next largest follows and so  forth all the way to the minimum of 100 points sacrificed. Upon sacrificing, a volume bonus will now be added  to the point total from the largest receiving 3X and every bonus thereafter being slightly less until it reaches just  a bit above 1x. The difference between each point bonus is minimum but it’s a difference.  

At the end, all the sacrifice addresses are taken with point totals plus the bonus added from largest to smallest in  order. The first address at 3x bonus to the last slightly above 1x. Now everyone has received their bonus that is  well deserved for speaking out on ecofriendly electricity usage. This now can be seen on a linear bonding curve  from 1x+ to 3x. 

The largest point total is in the beginning. The next highest Sacrificees point total is next, and so forth. Days 1  and 2 will have the max bonus allowed starting at 3x; day 3 will start at 2.5x; and days 12-14 have a flat bonus  of 1.25x. 

Dual Company Goals:

- Decrease BTC Mining Electricity Usage worldwide
- Using total off grid power sources.
- See you in Miami for BTC 2022
- Using other renewable power sources
- Wind, solar, hydro, wave, and flare capping gases to reduce the environmental impact of BTC mining.
- Environment voice campaigning to maintain it for generations to come.
- Reduce Emissions
- 100% carbonless emission via MPGS (magnetic power generating system)
-  Be a Voice for Eco Friendly BTC!

Time to Sacrifice!

BIG Disruption Looming Ahead with Ground Breaking All-In One Decentralized Technology that is Launching Q1 2022

Soft Launch 12/14/21 12am UTC 

Hard Launch 1/4/22 12am UTC  

For More Info:

Information Provided via Press Release
Distributed by Global Crypto Press Association
Breaking Crypto News

A Rare Look Inside America's Largest Bitcoin Mine...

Bitcoin hitting 1 trillion market cap this year inspired some bitcoin operations to expand. Plus, ban on mining in China has triggered a mass exodus, with some mining operations moving their facilities to the United States. The largest in the US currently can be found in Rockland Texas, and is operated by a company called Whinstone US.

Video courtesy of Wired

China's Bitcoin Mining Dominance Will Soon Take A Hit, As Australian/US Company Orders Over 11,000 New Rigs...

Bitcoin Miners

According to the University of Cambridge, China currently accounts for 65% of the processing power of the Bitcoin network, something that critics say could be used against other nations if China were to 'weaponize' the miners, a law instantly banning their use would cause network congestion, which would cause and a price drop.

But it's worth pointing out, those pushing this theory hardest are typically connected to companies selling gold as an investment, and the theory doesn't explain the damage China would do to itself, as many of their citizens hold bitcoin as well.

Mawson Infrastructure Group is a company operating in Australia and the US, and they've just ordered 11,760 bitcoin miners to be manufactured by Chinese company Canaan.

But A Bulk Order Of Bitcoin Mining Machines Headed To The US And Australia Will Help Even Things Out...

"Our contract with Mawson is a strong validation of our product quality, technology superiority, and supply reliability. We look forward to forging a long-term relationship with Mawson and supporting the growth of its bitcoin mining operations around the world." says Nangeng Zhang, Chairman and Chief Executive Officer of Canaan.

But these bitcoin mining machines won't stay in China, the contract includes shipping and installing them in their US/Australia facilities.  One user in a Bitcoin mining forum estimated this could swing things '5% to 10% away from China's total'.

Total costs were not made public, but at the price of $8,000 per A1246 Avalon Miner, the total would be $94 million.  Of course, it's safe to assume a large bulk order discount was part of the deal. 

Author: Adam Lee
Asia News Desk Breaking Crypto News

NUCLEAR Powered Cryptocurrency Miners?! Russian Power Company Opens First Of 4 Sites That Will Rent Out Space On-Site...

Nuclear powered bitcoin and cryptocurrency mining
Russian based Rosatom State Atomic Energy Corporation spotted a market in need of what they sell - power!

But there's one major difference between them and some of the other hydroelectric, wind, of geothermal based power companies around the world that have embraced electricity-hungry cryptocurrency miners- they're NUCLEAR.

Sergei Nemchenkov, director of the information says the company does not plan to mine, but will "take advantage of the opportunity to sell additional energy to heavy users and rent space for their equipment".

It won't be a huge leap for the power company, they already rent out similar space for businesses with web servers/data centers.

The company says the first location, their power plant in Udomlya (about 200 miles outside of Moscow) is ready to go, and claims they spent 4.8 million building the on-site facilities for miners to rent out.

This is the first of 4 nuclear powered locations they aim to launch this year.

Author: Mark Pippen
London News Desk