Bitcoin Mining Revenue Surges after Increased Interest in Memecoins and NFTs on Blockchain

Ordinals have triggered a frenzy in memecoins and NFTs on the Bitcoin network, with mining revenue riding high.  The explosive popularity of memecoins and non-fungible tokens (NFTs) on the Bitcoin (BTC) network has induced a surge in mining revenue. However, how long this positive development will last remains to be seen. Memecoin market value was … Read more

Biden Administration Seeks to Impose 30% Tax on Crypto Mining

The White House Council of Economic Activities (CEA) is looking to penalize the crypto mining sector stating that the high energy consumption by crypto miners have spillover effects on the environment and quality of life. In a major move, the Biden administration is looking to impose a major tax on the crypto mining activities taking place … Read more

Jack Dorsey’s Block Unveils Plans for Its DIY Bitcoin Mining Development Kit

The MDK would be useful for integrating Bitcoin mining into multiple use cases such as heating solutions, off-grid mining, home mining, or intermittent power applications Jack Dorsey‘s Block Inc has been on a mission to democratize the Bitcoin mining industry and reduce the barrier to entry for new individuals joining the space. On Tuesday, March 7, … Read more

TeraWulf Kickstarts Bitcoin Mining at Nautilus Cryptomine Facility with 8,000 Rigs

TeraWulf is currently on an aggressive expansion and is planning to have a total operational capacity of 50,000 miners (5.5 EH/s) in early Q2 2023, which is nearly 160MW of power demand. US-based Bitcoin mining firm TeraWulf recently inaugurated a new crypto-mining facility in Pennsylvania that solely runs through on-site nuclear power generated. In a … Read more