Track Bitcoin mining news, hash rate, public miners, energy policy, hardware trends, and network economics.
Carbon free mining company Sphere 3D's Bitcoin production remained flat in July as their new installations were delayed by U.S. customs, and the current winter market still goes hard on crypto miners.
Zeynep Geylan 3 min read 
The mining firm also increased its Bitcoin production by 111% month-over-month in July, while its mining power remained constant.
Hash ribbons, miner balances, mining difficulty, and the Puell Multiple all show that Bitcoin reached its bottom and could be recovering.
At its core, the paper highlights an issue where miners can change the timestamp related to a mined block to avoid increased difficulty on the network.
Vitalik Buterin believes a proof-of-work hard fork of Ethereum is being pushed by "people who own exchanges trying to make a quick buck."
Riot Blockchain mined around 28% less Bitcoins in July 2022 compared to July 2021 but gained an estimated $9.5 million in power credits.
Bitcoin mining is coming under increasing fire for ecological reasons, however, data shows its environmental impact is less than that of the gold and banking sectors.
Rio de Janeiro secretary of finance and planning is looking to allocate a percentage of the city's treasury into Bitcoin while also providing crypto investors with tax breaks.
Based on a Q2 2022 BMC survey, the efficiency of miners has increased by 46% year-on-year and by 5,814% compared to 8 years ago.
