Bitcoin mining difficulty just had a major 7.5% drop on Sunday — the biggest negative adjustment since July 2021. This decline occurred at block height 903,168. This was largely due to mining sites throughout the U.S.—especially in Texas—suspending operations because of early summer heatwaves. This change comes on the heels...
No one is doubting that IREN hitting 50 EH/s is an impressive accomplishment. Their reported $41,000 all-in cost per Bitcoin? Eye-catching. But hold on, before we all start popping the champagne. That number can start to look like a badge of honor. Instead, it shows the extent of existing vulnerabilities...
IREN Limited surpassed 50 EH/s mining capacity recently, an incredible milestone in and of itself. 50x growth in 30 months? In fact, that’s not merely a climb, it’s a freakin’ rocket launch. They’re even getting it mostly right, claiming very low production costs of only $41,000 to produce each Bitcoin....
The Bitcoin mining landscape is a razor thin competitive arena where efficiency, scale, and real cost management are key. Today, IREN is the driving force of the Congolese mining industry. To date, they have built out a remarkable 50 EH/s of mining capacity, with an equally impressive $41,000 Bitcoin production...
As a vertically diversified data center company, IREN seems to have made it to a critical inflection point. Their mission is to sustainably power Bitcoin mining, AI, and other high-performance computing applications with 100% renewable energy. The company’s techno-economic based Bitcoin mining strategy saw it achieve a sizable enterprise capacity...
(Insert compelling image here: Juxtapose a beautiful shot of Seneca Lake with a grimmer image of the Greenridge facility. Imagine a two-minute video capturing the beauty of the lake, and interviewing residents worried about their drinking water.Picture this—having to turn on your tap, only to not know if the water...
Residents around Seneca Lake have been sounding the alarm for their drinking water. Their worries follow an explosion and fire at the Greenridge Generation bitcoin mining facility. The bitcoin mining facility in the former coal power plant. It may be a small facility, but it’s located just outside of Dresden...
Then I think of Sarah, a barista at my neighborhood coffee shop. Always hustling, always talking about wanting more. A year ago, she was only buying Dogecoin with her pocket change, chuckling at the memes. Now? She's seriously looking into Bitcoin mining. It's a wild jump, right? From meme currency...
An oil spill has recently been reported at the Greenridge Generation bitcoin mining facility on the shores of Seneca Lake. Local residents are concerned about potential drinking water contamination from new industrial activity and are demanding better transparency and regulatory oversight. This incident, coupled with the anniversary of a previously...
Greenidge Generation fossil-fueled Bitcoin mining operation, Yates County, New York. Yet the damage it has caused to Seneca Lake’s environment has become the focus of an extreme controversy. Local residents, environmental advocates and state officials have long trumpeted the operations of the plant as detrimental. Some of these operations even...
