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Bitmain, the largest manufacturer of Bitcoin (BTC) mining ASICs, has shared news that its Ant miner T21, an air-cooled miner , would begin shipping as early as January 2024. The Oct. 26 announcement goes on to highlight that the hardware can operate even in harsh conditions, with the ability to withstand 45 degrees Celsius, or 113 degrees Fahrenheit. Latest advancements in mining technology The global launch of the Ant miner T21 took place during the Blockchain Life 2023 Forum in Dubai, where Bitmain proudly held the position of a “diamond sponsor” as part of a larger reveal of the latest advancements in Bitcoin mining technology. World Premiere of T21 in @BlLife_Forum Thanks for the support — XmeiLin (@xmei_lin) October 25, 2023 In a follow-up post on X dated Oct. 25, Bitmain’s Head of Marketing, Xmei Lin, expressed the company’s enthusiasm for the release of the Ant miner T21, emphasizing its global significance within the cryptocurrency i...

Bitcoin has undergone a profound change in its issuance rate that makes it a very different asset than what most people think of it, according to crypto influencer Stack Hodler. In a tweet yesterday, Stack Hodler explained that 93 percent of Bitcoin’s total supply has already been issued in the first 14 years of its existence. During this time, new Bitcoins were flooding the market as rewards for miners. However, Stack Hodler argues that in the next 14 years and beyond, new issuance will slow to a trickle — estimated to be less than half a percent of total supply after 2037. This drastically increased scarcity makes Bitcoin a completely different asset. What you think of as “Bitcoin” is what you have experienced as 93 percent of all Bitcoin that will ever exist was dumped onto the market. […] Bitcoin’s true scarcity hasn’t even kicked in yet. Stack Hodler You might also like: Bitcoin faces selling pressure as whale activity hikes Stac...

MicroStrategy the largest Bitcoin-holding public company saw its unrealized gains on its BTC investment reach near the $1B mark as the company’s stocks gained nearly 9% on the day. The Bitcoin (BTC) price surge on Monday has now catapulted Bitcoin-related stocks to surge to new highs with the likes of Coinbase and Microstrategy posting new multi-week highs. Bitcoin mining stocks saw significant gains amid the BTC price momentum with the likes of United States-listed Riot Blockchain recording an 11.69% surge followed by Marathon Digital Holdings at a 14.6% increase. Another factor that played a key role in the mining stocks surge is the upcoming halving event that will cut the Bitcoin mining reward from 6.25 BTC to 3.125 BTC per block. Marathon Digital stock price chart. Source: TradingView Bitcoin mining stocks not only outperformed Bitcoin in terms of daily price rally but also in terms of year-to-date gains. Cipher Mining Inc. has seen an increase of 356% YTD compared to Bitcoin’s ...

El Salvador’s ambitious renewable energy Bitcoin mining operation welcomes its first mining pool as Volcano Energy partners with Luxor. El Salvador officially launched its first local Bitcoin (BTC) mining pool as the Volcano Energy project begins mining blocks through Lava Pool in partners hip with Luxor Technology. The Bitcoin-friendly country’s $1 billion renewable energy project made headlines earlier in 2023, with stablecoin issuer Tether among companies investing in the project that plans to generate electricity from renewable sources in El Salvador to power future Bitcoin mining operations in the country. Volcano Energy is tapping into Luxor’s experience in providing Bitcoin mining software and services. The project will also use Luxor’s Hashrate Forward Marketplace to mitigate market volatility through automated risk management strategies used by other major Bitcoin mining operators. Bitcoin has the potential to pay off its climate debt much sooner than solar energy, and, t...

Bitcoin mining is becoming harder — which means miners will have to spend more to receive fewer rewards. But there are still ways to be profitable. Only seven months remain before the next Bitcoin (BTC) halving in April 2024. It happens approximately every four years and is a deflationary process that cuts the production of new coins by 50%. Bitcoin's halving is a high-profile event for crypto investors, and has historically led to an increase in Bitcoin's price. However, its impact on the mining industry is a more complex issue. It reduces block rewards,  one of the primary revenue streams for miners. The 2024 halving will reduce it from 6.25 BTC to 3.125 BTC. That’s why miners must adapt their strategies to compensate for the reduced rewards resulting from the halving. Let’s explore the strategies and alternative income sources that may help Bitcoin miners amid hostile market conditions. Changing mindsets Bitcoin mining involves a competitive process where miners vie for ...

This week’s episode of Market Talks discusses the future of BTC mining and how miners can maximize profits, as well as the upcoming Bitcoin halving and its impact on the mining industry. On the latest episode of Cointelegraph’s Market Talks , host Ray Salmond spoke with Dan Rosen, associate director of derivatives at Luxor, a United States-based Bitcoin (BTC) mining pool, research hub and service provider. The show touched on a number of broad topics, including Rosen’s view on how the upcoming Bitcoin halving will impact BTC price, why Bitcoin’s volatility is set to remain in the double-digits for years to come, and miners’ ability to hedge their operations via hash rate derivatives. According to Rosen: “Any maturing asset goes through experiences of high volatility when it first launches, and if you compare Bitcoin to the tech stocks of the early 90s, like Apple and Google, their volatility was astronomical. Bitcoin has also touched crazy high levels of volatility in the 70% to 100...

Marathon Digital also noted that the decrease in transaction fees for June was not a cause for concern, highlighting that Bitcoin Ordinals had provided a boost in the previous month. Bitcoin mining company Marathon Digital has linked the recent slump in its total amount of Bitcoin's (BTC) mined in June to the weather conditions in Texas and a drop in transaction fees. According to a July 5 statement, Marathon Digital experienced a “21%" decline in June for the total amount of Bitcoin mined compared to the previous month of May.  The primary reason cited for the decline of production in June – which saw 979 Bitcoin produced throughout the month – was the impact of the weather conditions in Texas, where Marathon's main operations are located.  It's worth noting that June marks the transition from spring to summer in Texas. “The decreased production relative to last month was due to weather-related curtailment in Texas and a significant decrease in transaction fees.” ...

Bitcoin miners have been selling BTC since the start of June, potentially adding further pressure to the BTC price. Bitcoin’s on -chain data provides evidence that Bitcoin miners are offloading their holdings. The factors influencing the selling pressure could be reduced earnings from a cooldown in Ordinals activity as well as mining difficulty and hash rate reaching an all-time high.  According to on -chain analytics firm Glassnode, “Miners have been sending a significant amount of coins to exchanges.” Glassnode data shows Bitcoin (BTC) miners’ inflows to exchanges spiked to a three-year high on June 3 to levels last seen during the bull market of early 2021. Across the past week, #Bitcoin Miners have been sending a significant amount of coins to Exchanges, with the largest inflow equal to $70.8M. This is the 3rd largest inflow on record, -$30.2M less than the peak inflow of $101M recorded during the primary bull market of 2021. pic.twitter.com/w4fNFMcxr4 — glassnode (@glassnode...

Bitcoin miners appeared to be the model consumers for the ancillary services in the state. During the winter storm in Texas in December 2022, Bitcoin (BTC) mining operators returned up to 1,500 megawatts of energy to the distressed local grid. It became possible due to the flexibility of mining operations and the ancillary services, provided by the state authorities.  In his commentary to Satoshi Action Fund, Texas Blockchain Council president Lee Bratcher stated that miners returned up to 1,500 megawatts to the Texas grid. This amount of Energy would be enough to heat “over 1.5 million small homes or keep 300 large hospitals fully operational,” according to the calculations from the Bitcoin advocacy group. While there’s no specification regarding the exact time period in which miners have accumulated such an amount of power, the global Bitcoin mining hashrate dropped by 30% on Dec. 24-25, 2022. Miners appeared to be the model participants of ancillary services in the state, which...