Author: Cointelegraph by Vince Quill

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Fractal Bitcoin: good or bad for mining revenues?

August 2024 represented the worst month for Bitcoin mining revenue since September 2023, with $827.56 million in fees generated. Source link

Converting mining sites to AI data centers isn't seamless: Sabre56 CEO

According to CEO Phil Harvey, Bitcoin miners will average roughly $1.50 in revenue per terahash every month during the current market cycle. Source link

Bitfarms responds to Riot Platforms’ proposed board changes

Riot Platforms called the recent board changes at Bitfarms a “step in the right direction,” but stressed that more change is needed. Source link

Bitcoin network hashrate reaches new all-time high 

Bitcoin network difficulty, a closely related yet separate metric, is also at historically high levels and currently sits at 89.4 trillion. Source link

Detained Binance exec posts new bail motion citing worsening health

In June, Nigeria’s Federal Inland Revenue Service dropped charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla. Source link

Scientific paper argues Bitcoin mining can reduce methane emissions

According to a United Nations report, Methane gas runoff is “80 times more harmful than CO2 for 20 years after it is released.” Source link

Bitcoin collateralized loans can accelerate capital velocity: Ledn CEO

Sprawling bureaucracies, inefficient processes, and fax machine-era technology have hampered economic development and capital velocity. Source link

Bitcoin mining CEO eyes hashrate contracts to offset rising costs

The slashing of the Bitcoin block subsidy from 6.25 Bitcoin to 3.125 during the April 2024 halving has placed financial pressure on miners. Source link

BREAKING: French President Macron denies inviting Pavel Durov to France

Macron has faced widespread and international backlash for the arrest of the Telegram founder Source link

Brazil's Supreme Court threatens to suspend X by Aug. 29

The proposed suspension of services came amid an ongoing feud between Elon Musk and Judge Alexandre de Moraes. Source link