Inside North America's '$8m-a-Month' Bitcoin Mining Operation
In a perfect world where mining difficulty was lower, bitcoin prices were higher and a warehouse full of mining rigs could be run by one man, Dave Carlson, the owner of North America's largest bitcoin mining operation, could be earning $8m a month. However, just like reports of bitcoin's death, reports of Carlson's personal earnings are, unfortunately for him, exaggerated. With the mainstream media continuing to paint bitcoin as a modern-day gold rush, Carlson's rags-to-riches story has been of particular interest, even if it hasn't always been put in the proper context. To be fair,....
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A newly published regional report shows that China’s hashrate has likely dropped to 55% while the U.S. has climbed to 11%. Another study predicts that it’s possible North America could overtake China in terms of hashrate by the end of 2021. Bitcoin Mining Farm Operator Says Mining Industry in North America Is Booming For years now China has been the most dominant region in terms of bitcoin miners worldwide and at one point 65% to 70% of the network hashrate stemmed from the country. In May 2021, the Bitcoin hashrate is significantly higher nearing 200 exahash per second (EH/s)....
Bitcoin mining farm operator Compute North and financial services group Foundry Digital are bringing more hash power to North America. The post Compute North, Foundry Digital Partner To Bring More Bitcoin Mining To North America appeared first on Bitcoin Magazine.
Your guide to the latest trends from North America’s bitcoin mining companies, pools, firmware providers and financial services companies. The post A Hitchhiker’s Guide To Bitcoin Mining In North America appeared first on Bitcoin Magazine.
North America’s bitcoin mining industry is changing the way we use energy. But where exactly are these operations drawing their power from?
The U.S. is slowly increasing its share of the Bitcoin hashrate. Although the majority of Bitcoin mining is still based in China, there are signs it is beginning to shift elsewhere.Chun Wang, the co-founder of one of Bitcoin’s largest mining pools, F2Pool, reported that China represented less than half of its hash rate during April 2020. Wung noted it was the first time the pool had seen Chinese miners represent a minority of hash rate in its eight years of operation. "The shifting is real," he said. Here at @f2pool_official, in April 2021, the first month in our 8 years of operation, we....