Bitcoin Mining Rig Prices up 35% Since Start of November — Shortages Force Miners to Turn to Secondary Market

Bitcoin Mining Rig Prices up 35% Since Start of November — Shortages Force Miners to Turn to Secondary MarketThe prices of the latest generation mining rigs have gone up 35% since the beginning of November, according to Hashr8. The observed price increase comes as Bitmain and Microbt are reportedly sold out until May 2021. As a consequence of the supply of mining rigs failing to meet the demand, some miners are now forced […]

The post Bitcoin Mining Rig Prices up 35% Since Start of November — Shortages Force Miners to Turn to Secondary Market appeared first on Bitcoin News.

Continue reading

Marathon Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Montana Facility

On December 9, the Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, announced the firm is purchasing 10,000 Antminer S-19j Pro units from the Chinese mining manufacturer Bitmain. According to Marathon, after the acquisition of next-generation bitcoin miners, the company will have an aggregate total of 33,560 ASIC miners with up to 3.56 exahash (EH/s) of […]

The post Marathon Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Montana Facility appeared first on Bitcoin News.

Continue reading

Marathon Buys Additional 10,000 Antminers to Become Largest US Bitcoin Miner

Marathon Buys Additional 10,000 Antminers to Become Largest US Bitcoin MinerNasdaq-listed Marathon Patent Group is buying 10,000 of the more efficient Antminer S19 Pro bitcoin miners from Bitmain in a deal worth millions of dollars. ▪ Marathon said the deal would boost the company’s operations to 23,560 next-generation miners, “making it the largest self-miner in North America”. ▪ When fully installed, the new machines will […]

The post Marathon Buys Additional 10,000 Antminers to Become Largest US Bitcoin Miner appeared first on Bitcoin News.

Continue reading

Bitcoin Miner Marathon Agrees to Deal That Cuts Electricity Costs by 38% With US Power Company

Bitcoin Miner Marathon Agrees to Deal That Cuts Electricity Costs by 38% With US Power CompanyNasdaq-listed Marathon Patent Group has agreed to a joint venture deal with U.S. independent power producer Beowulf Energy to deliver cheap electricity for its bitcoin mining operations in the country’s north. In a statement on Tuesday, Marathon said that it will co-locate a bitcoin mining facility within Beowulf’s Big Horn Data Hub at its 105-megawatt […]

The post Bitcoin Miner Marathon Agrees to Deal That Cuts Electricity Costs by 38% With US Power Company appeared first on Bitcoin News.

Continue reading

Bitcoin Hashrate Ramps to 130 Exahash Amid Next-Generation Miner Shortage

Regional reports from China have highlighted that a number of major Chinese ASIC mining rig manufacturers have sold out of their next-generation model stock. The shrinking supply of high-performance machines may be due to the shortage of 7nm and 8nm chips from TSMC and Samsung. Bitcoin miners are finding it difficult to obtain next-generation application-specific […]

The post Bitcoin Hashrate Ramps to 130 Exahash Amid Next-Generation Miner Shortage appeared first on Bitcoin News.

Continue reading