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Pierre Rochard said that Bitcoin is the best digital money network and everything else is worse. Cointelegraph's Joseph Hall interviewed Bitcoin (BTC) advocates Pierre Rochard and Morgen Rochard, the hosts of the Bitcoin for Advisors podcast at the Surfin’ Bitcoin 2022 Event held in France. The group talked about how France can attract more miners, where Bitcoin comes in in terms of financial planning and the difference between Bitcoin and other cryptos.  According to Pierre Rochard, who also works at the mining firm Riot Blockchain, there are two ways for France to attract large-scale Bitcoin miners. The first is to provide assurances in terms of policies on Bitcoin mining. In addition to this, the country should provide a power grid that is favorable for miners. He explained:  “We're seeing Japan is now opening up or changing policies on nuclear power, and I think that France should reinvest in its nuclear power and really they should be able to attract Bitcoin miners mor...

Bitcoin miner CleanSpark entered into a definitive agreement to purchase two turnkey mining campuses in the U.S. state of Georgia. Crypto mining firm CleanSpark is moving forward with its aggressive infrastructure expansion in the United States by acquiring two Bitcoin (BTC) mining facilities in a $9.3 million cash deal.  According to a June 21 announcement, CleanSpark entered into a definitive agreement to purchase two turnkey Bitcoin mining campuses in Dalton, Georgia. In turnkey Bitcoin mining , users can buy an assembled, configured, and optimized Bitcoin mining rig to use on mining farms. The facilities will host over 6,000 Antminer S19 XPs and S19J Pro+s, which are expected to add about 1 exahash per second (EH/s) to CleanSpark’s hashrate after the deal. According to Zach Bradford, CEO of CleanSpark, the newly acquired infrastructure will enable the company to reach its target of 16EH/s by the end of the year. The purchase follows several acquisitions by CleanSpark in rec...

The first subpoena was given to Marathon in the third quarter of 2021, concerning whether it may have violated federal securities laws relating to its data center in Hardin. Bitcoin (BTC) miner Marathon Digital has disclosed that it received another subpoena from the United States Securities and Exchange Commission (SEC) relating to its 100-megawatt data center in Hardin, Montana. According to Marathon’s quarterly report filed May 10, it received the subpoena on April 10 “relating to, among other things, transactions with related parties” that occurred while it was creating the facility in Montana, adding: “We understand that the SEC may be investigating whether or not there may have been any violations of the federal securities law. We are cooperating with the SEC” The subpoena is the second one received by Marathon regarding the facility, as it also received one late in the third quarter of 2021 in which the SEC ordered the firm to produce a number of related documents and commun...

They may have seen some hard times, but overall, estimates conclude that Bitcoin miners are up 37% from their activities. Bitcoin (BTC) miner s have profited roughly 37% from mining Bitcoin since its inception, new data reveals. Calculations from on-chain analytics firm Glassnode suggest that since 2010, fees and block reward subsidies have netted miner s over $50 billion. Bitcoin miner revenue passes $50 billion mark Amid an ongoing debate over miner costs and susceptibility to Bitcoin price dips, new figures suggest that miners are firmly in the black in the long term. According to Glassnode, miners’ total all-time income is almost 40% higher than their estimated costs, coming in at $50.2 billion versus $36.6 billion, respectively. Bitcoin miner thermocap vs. cumulative production cost annotated chart. Source: Glassnode/ Twitter Researchers generated the numbers using two metrics: thermocap and transaction fees, which are “the cumulative sum of issuance multiplied by spot price in...

A Bitcoin mining project in a remote corner of Malawi, a landlocked country in southeastern Africa, connects more families to the grid while delivering economic empowerment to an impoverished region. A Bitcoin (BTC) mining project that taps into clean, stranded and excess hydro energy in Malawi has picked up steam. The company behind the project, Gridless, shared that there are now “1600 families connected to this remote hydro mini-grid in the mountains of southern Malawi.” 1600 families connected to this remote hydro minigrid in the mountains of southern Malawi. They have 50kW of stranded energy that we are testing out as a new Bitcoin mining site. Videos for context. Still working on venting, wiring, etc. pic.twitter.com/Sxf8ABGPWH — Gridless (@GridlessCompute) January 21, 2023 The project exploits 50 Kilowatt (kW) of stranded energy to test out as a new Bitcoin mining site. Erik Hersman, CEO and co-founder of Gridless, told Cointelegraph that while it’s a brand new mining...