mining

Bitcoin Mining Difficulty Plummets: What Does It Mean For You?

Bitcoin Mining Difficulty Plummets: What Does It Mean For You?

The Bitcoin network evolves in real-time to ensure the viability and protection of its ecosystem. One of the most important mechanisms to do so is the mining difficulty adjustment. For the first time in two years, Bitcoin’s mining difficulty just saw a big decrease. This article will break down what...

Bitcoin Mining Difficulty Plunges Amidst Summer Heatwaves

Bitcoin Mining Difficulty Plunges Amidst Summer Heatwaves

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...

$41K Bitcoin? IREN's Mining Costs Expose Industry's Hidden Risks

$41K Bitcoin? IREN's Mining Costs Expose Industry's Hidden Risks

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's Bitcoin Blitz: 50 EH/s & $41K Cost – How They Did It

IREN's Bitcoin Blitz: 50 EH/s & $41K Cost – How They Did It

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...

IREN Achieves 50 EH/s Bitcoin Mining Milestone, Expands into AI Infrastructure

IREN Achieves 50 EH/s Bitcoin Mining Milestone, Expands into AI Infrastructure

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...

Mining Dogecoin? 3 Harsh Realities You Need To Know Now

Mining Dogecoin? 3 Harsh Realities You Need To Know Now

So, you're thinking about mining Dogecoin, huh? You’ve read the memes, perhaps even dreamed about hitting it big on the blockchain. I get it. The promise of “easy money” is always enticing, and that’s certainly the case in the crypto space. But before you boot up your laptop to enlist...

Dogecoin Mining is the Future & Here's Why You're Missing Out

Dogecoin Mining is the Future & Here's Why You're Missing Out

Okay, let's be real. You've heard about Dogecoin. Perhaps you found humor in the Shiba Inu meme, perhaps you even purchased some. But have you considered mining it? If not, you’re missing out on some major fun and profit potential. And I'm here to tell you why.Missed the Bitcoin Boat?...

Dogecoin Mining Insights Profitability, Hardware, and Community

Dogecoin Mining Insights Profitability, Hardware, and Community

With a friendly and welcoming community, Dogecoin has a unique origin story rooted in memes and fun, making it an exciting cryptocurrency to mine for profit. Originally limited to 100 billion coins total, Dogecoin’s entire supply was mined by mid-2015. Since then, the network has functioned under a stable emission...

Dogecoin Mining: Is It Still Worth It in 2024?

Dogecoin Mining: Is It Still Worth It in 2024?

To anyone who has made crypto their life’s work, the allure of the mine runs strong. This process consists of confirming transactions and creating new blocks to a blockchain. With so many cryptocurrencies available, KnowingCoin.com helps its readers navigate the complexities of the digital currency landscape, offering insights and tools...

Is Bitcoin Mining Poisoning Our Lakes? The Greenridge Scandal Explained

Is Bitcoin Mining Poisoning Our Lakes? The Greenridge Scandal Explained

(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...