{"id":4096,"date":"2024-09-28T07:18:37","date_gmt":"2024-09-28T07:18:37","guid":{"rendered":"https:\/\/bedk0.myrdbx.io\/?p=4096"},"modified":"2024-09-29T01:07:38","modified_gmt":"2024-09-29T01:07:38","slug":"mining-industry-recap-episode-4","status":"publish","type":"post","link":"https:\/\/blog.infinity-hash.io\/ar\/mining-recap\/mining-industry-recap-episode-4\/","title":{"rendered":"Mining Industry Recap, Episode 4"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 ez-toc-wrap-right counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Contents<\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blog.infinity-hash.io\/ar\/mining-recap\/mining-industry-recap-episode-4\/#Network_Overview\" >Network Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blog.infinity-hash.io\/ar\/mining-recap\/mining-industry-recap-episode-4\/#Minnesota_Bitcoin_Mining_Plans_Cancelled_Over_Noise_and_Energy_Concerns\" >Minnesota Bitcoin Mining Plans Cancelled Over Noise and Energy Concerns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blog.infinity-hash.io\/ar\/mining-recap\/mining-industry-recap-episode-4\/#Bitdeer_Successfully_Tests_SEAL02_Mining_Chip_Achieves_Major_Efficiency_Milestone\" >Bitdeer Successfully Tests SEAL02 Mining Chip, Achieves Major Efficiency Milestone<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/blog.infinity-hash.io\/ar\/mining-recap\/mining-industry-recap-episode-4\/#Bill_Maher_Slams_Cryptocurrency_Mining_for_Undermining_Green_Energy_Progress\" >Bill Maher Slams Cryptocurrency Mining for Undermining Green Energy Progress<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/blog.infinity-hash.io\/ar\/mining-recap\/mining-industry-recap-episode-4\/#Underground_Crypto_Mining_Thrives_in_Russias_Dagestan_Despite_National_Push_for_Regulation\" >Underground Crypto Mining Thrives in Russia\u2019s Dagestan Despite National Push for Regulation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/blog.infinity-hash.io\/ar\/mining-recap\/mining-industry-recap-episode-4\/#Marathon_Digital_CEO_Predicts_Energy_Market_Disruption_as_AI_and_Data_Centers_Drive_Innovation\" >Marathon Digital CEO Predicts Energy Market Disruption as AI and Data Centers Drive Innovation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/blog.infinity-hash.io\/ar\/mining-recap\/mining-industry-recap-episode-4\/#BTCcom_Rebrands_as_CloverPool_Expands_into_Hardware_Trading_Services\" >BTC.com Rebrands as CloverPool, Expands into Hardware Trading Services<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/blog.infinity-hash.io\/ar\/mining-recap\/mining-industry-recap-episode-4\/#Riot_Platforms_Withdraws_Bitfarms_Acquisition_Bid_Following_Settlement_Agreement\" >Riot Platforms Withdraws Bitfarms Acquisition Bid Following Settlement Agreement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/blog.infinity-hash.io\/ar\/mining-recap\/mining-industry-recap-episode-4\/#Fractal_Bitcoin_Captures_226_EHs_of_Bitcoins_Hashrate_but_FB_Token_Drops_61_from_All-Time_High\" >Fractal Bitcoin Captures 226 EH\/s of Bitcoin\u2019s Hashrate, but FB Token Drops 61% from All-Time High<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/blog.infinity-hash.io\/ar\/mining-recap\/mining-industry-recap-episode-4\/#Bitcoin_Mining_Race_Heats_Up_Between_US_and_China_as_AntPool_Gains_Ground\" >Bitcoin Mining Race Heats Up Between U.S. and China as AntPool Gains Ground<\/a><\/li><\/ul><\/nav><\/div>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Network_Overview\"><\/span>Network Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This week, the Bitcoin network experienced a slight recovery, with the hashrate increasing by 1.60%, bringing it to 571 EH\/s. This modest rise might reflect miners resuming operations as Bitcoin\u2019s profitability improves. However, mining difficulty continued its downward correction, dropping by 4.61% to 88.404 T. This adjustment is likely in response to the lower hashrate over recent weeks.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"e3eeeb\" data-has-transparency=\"false\" style=\"--dominant-color: #e3eeeb;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"631\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/recap_episode_4-1024x631.png\" alt=\"\" class=\"wp-image-4097 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_4-1024x631.png 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_4-300x185.png 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_4-768x474.png 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_4-18x12.png 18w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_4.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Bitcoin&#8217;s price climbed further this week, rising by 2.36% to $63,138, and continues to go up today. This price increase, combined with a significant rise in transaction fees\u2014up by 27.80% to $1.77\u2014helped drive miner daily revenues higher. The total mempool size shrank by 16.12%, while the estimated daily transaction value also saw a notable decrease. This is usually a sign of reduced blockchain activity. Overall, while miner profitability is up, the dynamics of the network continue to adjust following the recent market downturn.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Minnesota_Bitcoin_Mining_Plans_Cancelled_Over_Noise_and_Energy_Concerns\"><\/span>Minnesota Bitcoin Mining Plans Cancelled Over Noise and Energy Concerns<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Plans for a Bitcoin mining facility in Windom, Minnesota, have been withdrawn by Revolve Labs due to concerns about potential noise pollution. The mining operation, which promised to generate $35,000 in monthly service fees for the town and stabilize energy rates for the next three years, faced strong opposition from residents worried about noise and the impact on property values. Despite efforts by Revolve to address these concerns, particularly regarding noise from cooling fans, local opposition remained firm. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"707f84\" data-has-transparency=\"false\" style=\"--dominant-color: #707f84;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"681\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/closed-1024x681.avif\" alt=\"\" class=\"wp-image-4100 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/closed-1024x681.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/closed-300x200.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/closed-768x511.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/closed-18x12.avif 18w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/closed-jpg.avif 1228w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>While critics emphasize the environmental and noise pollution associated with mining operations, proponents argue that Bitcoin miners can contribute to energy stability by utilizing excess energy and balancing the grid, particularly in areas with stranded or surplus power. The situation in Windom reflects a growing tension between the economic benefits of hosting Bitcoin mining facilities and the quality-of-life concerns from residents, many of whom question whether the advantages outweigh the drawbacks.<\/p>\n\n\n\n<p><strong>Source:\u00a0<a href=\"https:\/\/www.theblock.co\/post\/318327\/minnesota-bitcoin-mine\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Theblock.co<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bitdeer_Successfully_Tests_SEAL02_Mining_Chip_Achieves_Major_Efficiency_Milestone\"><\/span>Bitdeer Successfully Tests SEAL02 Mining Chip, Achieves Major Efficiency Milestone<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Bitdeer Technologies Group announced the successful testing of its latest Bitcoin mining chip, the SEAL02, which promises great increases in mining efficiency. Developed in partnership with semiconductor giant TSMC, the SEAL02 chip achieved a power efficiency of 13.5 joules per terahash (J\/TH). This achievement is part of Bitdeer\u2019s SEALMINER technology roadmap, with the SEAL02 chip set to be integrated into the company\u2019s upcoming SEALMINER A2 machines, expected to enter mass production in November 2024.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"cf7882\" data-has-transparency=\"false\" style=\"--dominant-color: #cf7882;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/chip-1024x683.avif\" alt=\"\" class=\"wp-image-4101 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/chip-1024x683.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/chip-300x200.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/chip-768x512.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/chip-18x12.avif 18w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/chip-jpg.avif 1147w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The SEAL02 chip\u2019s success comes amid Bitdeer\u2019s broader push to advance Bitcoin mining technology and improve operational efficiency. The company, which has seen an <strong>8% increase in stock value<\/strong> following the announcement, is also working on the development of its next mining chip, SEAL03. <\/p>\n\n\n\n<p><strong>Source:\u00a0<a href=\"https:\/\/crypto.news\/bitdeer-completes-testing-of-seal02-mining-chip\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Crypto.news<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bill_Maher_Slams_Cryptocurrency_Mining_for_Undermining_Green_Energy_Progress\"><\/span>Bill Maher Slams Cryptocurrency Mining for Undermining Green Energy Progress<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Prominent American television host Bill Maher recently criticized the environmental impact of cryptocurrency mining during an episode of his show &#8220;Real Time with Bill Maher.&#8221; He claimed that cryptocurrency mining consumes a significant portion of global electricity\u2014around 8%\u2014and likened its energy use to putting <strong>15.7 million gas-powered cars<\/strong> back on the road. Maher expressed frustration, arguing that cryptocurrency mining undermines efforts to transition to green energy, stating, &#8220;All the progress we&#8217;re making with green energy is being sucked away by crypto.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"227c82\" data-has-transparency=\"false\" style=\"--dominant-color: #227c82;\" loading=\"lazy\" decoding=\"async\" width=\"880\" height=\"830\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/billmaher-jpg.avif\" alt=\"\" class=\"wp-image-4102 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/billmaher-jpg.avif 880w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/billmaher-300x283.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/billmaher-768x724.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/billmaher-13x12.avif 13w\" sizes=\"auto, (max-width: 880px) 100vw, 880px\" \/><figcaption class=\"wp-element-caption\">Image ref 138829664. Copyright Shutterstock No reproduction without permission. See www.shutterstock.com\/license for more information.<\/figcaption><\/figure>\n\n\n\n<p>Maher\u2019s criticism comes amid ongoing debates about the environmental consequences of Bitcoin and other cryptocurrencies. While environmental activists often highlight the large electricity consumption of crypto mining, proponents argue that mining operations are increasingly relying on renewable energy, positioning the industry as a potential driver of sustainable power. This isn\u2019t the first time Maher has voiced his distaste for crypto, having previously mocked both its investors and its environmental footprint.<\/p>\n\n\n\n<p><strong>Source:\u00a0<a href=\"https:\/\/u.today\/bill-maher-exposes-cryptos-dirty-secret\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">U.today<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Underground_Crypto_Mining_Thrives_in_Russias_Dagestan_Despite_National_Push_for_Regulation\"><\/span>Underground Crypto Mining Thrives in Russia\u2019s Dagestan Despite National Push for Regulation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Despite Russia&#8217;s recent embrace of cryptocurrency at the governmental level, illicit and unregulated mining operations continue to thrive underground\u2014quite literally. A recent report revealed a hidden cryptocurrency mining facility, dug into the ground in the Republic of Dagestan. This unorthodox method comes as scrutiny over energy usage intensifies, with operations needing to comply with government regulations and registrations. In Dagestan, crypto miners have already been blamed for energy grid instability and even a substantiation fire in the capital, Makhachkala, prompting calls from the region\u2019s Prime Minister for tighter control over such activities.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"2a7487\" data-has-transparency=\"false\" style=\"--dominant-color: #2a7487;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"684\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/undeground-1024x684.avif\" alt=\"\" class=\"wp-image-4099 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/undeground-1024x684.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/undeground-300x200.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/undeground-768x513.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/undeground-18x12.avif 18w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/undeground-jpg.avif 1228w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>While these underground operations are not tolerated, the Russian Federation as a whole has moved toward more favourable policies on cryptocurrency. In July 2024, the Russian Parliament approved the use of digital assets for international trade, a move seen by many as part of the country\u2019s strategy to circumvent international sanctions. However, even as Russia shows growing institutional support for crypto, the high costs of mining\u2014exacerbated by the recent Bitcoin halving\u2014continue to put pressure on miners. With profitability margins already slim, a market downturn could have significant consequences for mining operations.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/finbold.com\/underground-crypto-mining-farms-uncovered-in-russias-dagestan\/?utm_source=CryptoNews&amp;utm_medium=app\" rel=\"nofollow noopener\" target=\"_blank\">Source:\u00a0Finbold.com<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Marathon_Digital_CEO_Predicts_Energy_Market_Disruption_as_AI_and_Data_Centers_Drive_Innovation\"><\/span>Marathon Digital CEO Predicts Energy Market Disruption as AI and Data Centers Drive Innovation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Fred Thiel, CEO of Marathon Digital, has predicted significant disruption in energy markets, driven by the increasing involvement of AI and data center companies in energy generation. Thiel points to the revival of older energy sources, including nuclear plants, as data centers seek energy self-sovereignty. He specifically referenced the recent announcement of the Three Mile Island nuclear plant&#8217;s return to operation in 2028, spurred by a deal with Microsoft to fuel its AI data centers. Thiel believes this shift will bring positive changes to energy markets, benefiting consumers by encouraging innovation and investment in new energy generation projects.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"377e80\" data-has-transparency=\"false\" style=\"--dominant-color: #377e80;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"358\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/datacenter-1024x358.avif\" alt=\"\" class=\"wp-image-4103 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/datacenter-1024x358.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/datacenter-300x105.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/datacenter-768x269.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/datacenter-18x6.avif 18w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/datacenter-jpg.avif 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Amid the declining profitability of Bitcoin mining following the latest halving, companies like Marathon Digital have shifted strategies to boost revenue. In August, Marathon followed MicroStrategy\u2019s lead by issuing convertible notes to purchase Bitcoin instead of investing in more mining equipment. This move reflects the challenging environment for miners as reduced rewards pressure profit margins. While Marathon\u2019s share price is down over 30% year-to-date, the company believes buying Bitcoin directly offers more value to shareholders than expanding mining operations in the current climate.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/u.today\/ceo-of-bitcoin-mining-giant-marathon-predicts-energy-market-disruption\" rel=\"nofollow\">Source:\u00a0U.Today<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"BTCcom_Rebrands_as_CloverPool_Expands_into_Hardware_Trading_Services\"><\/span>BTC.com Rebrands as CloverPool, Expands into Hardware Trading Services<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>BTC.com, a prominent blockchain and mining pool service provider, has announced a significant brand upgrade and rebranding under the name <strong>CloverPool<\/strong>. Set to launch this September, the rebrand includes a new look, logo, and website, and will gradually unify all services under the new CloverPool identity. In addition to its rebranding, CloverPool plans to introduce hardware trading services, allowing users to buy, sell, or trade mining equipment, including power supplies and ASIC miner GPUs. This expansion aims to grow CloverPool\u2019s user base and provide miners with access to the latest hardware.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"2c3315\" data-has-transparency=\"true\" style=\"--dominant-color: #2c3315;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"686\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/clover-1024x686.png\" alt=\"\" class=\"wp-image-4104 has-transparency\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/clover-1024x686.png 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/clover-300x201.png 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/clover-768x514.png 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/clover-18x12.png 18w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/clover.png 1178w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Founded in 2015, BTC.com has long offered a range of services, including a multi-currency mining pool, block explorer, and data services. With the rebrand, CloverPool hopes to further streamline its services and address the challenges faced by the mining industry, providing up-to-date equipment that enhances sustainability and security for miners. As the new identity rolls out, CloverPool seeks to maintain its standing as a leading mining pool while offering new tools to support the mining community.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.cryptonewsz.com\/btc-com-to-rebrand-itself-as-cloverpool\/\" rel=\"nofollow noopener\" target=\"_blank\">Source:\u00a0Cryptonewz.com<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Riot_Platforms_Withdraws_Bitfarms_Acquisition_Bid_Following_Settlement_Agreement\"><\/span>Riot Platforms Withdraws Bitfarms Acquisition Bid Following Settlement Agreement<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Riot Platforms and Bitfarms have reached a settlement agreement, ending Riot&#8217;s bid to acquire the cryptocurrency mining company. As part of the deal, Riot has withdrawn its request for a special shareholder meeting and maintains its 19.9% stake in Bitfarms, which consists of over 90 million common shares. The settlement also led to changes in Bitfarms\u2019 leadership, with the resignation of Andr\u00e9s Finkielsztain from the Board of Directors and the appointment of Amy Freedman. Freedman, with 25 years of experience in corporate governance and public capital markets, will join the board and several key committees.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"487f80\" data-has-transparency=\"false\" style=\"--dominant-color: #487f80;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/agreement-1024x682.avif\" alt=\"\" class=\"wp-image-4105 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/agreement-1024x682.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/agreement-300x200.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/agreement-768x512.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/agreement-1536x1024.avif 1536w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/agreement-18x12.avif 18w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/agreement-jpg.avif 1670w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The agreement concludes Riot\u2019s months-long attempts to take over Bitfarms, which had included a $950 million acquisition offer earlier in 2024. Bitfarms had resisted Riot\u2019s takeover efforts by planning to sell discounted shares to shareholders and calling a special meeting to address the situation. With the settlement in place, the two companies have avoided further conflict, but Riot Platforms has stated it will continue to evaluate its investment in Bitfarms based on market conditions and other opportunities.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/cryptobriefing.com\/riot-bitfarms-settlement-agreement\/\" rel=\"nofollow noopener\" target=\"_blank\">Source:\u00a0Cryptobriefing.com<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fractal_Bitcoin_Captures_226_EHs_of_Bitcoins_Hashrate_but_FB_Token_Drops_61_from_All-Time_High\"><\/span>Fractal Bitcoin Captures 226 EH\/s of Bitcoin\u2019s Hashrate, but FB Token Drops 61% from All-Time High<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Fractal Bitcoin continues to harness around <strong>226 EH\/s<\/strong> of Bitcoin\u2019s hashrate via merged mining, alongside an additional <strong>18.1 EH\/s<\/strong> of permissionless mining supporting the network. As a result, mining pools like Antpool, F2pool, and Spiderpool are reaping extra rewards by mining Fractal Bitcoin alongside Bitcoin. So far, over <strong>40,000 blocks<\/strong> have been mined on the Fractal Bitcoin network, producing <strong>2 million FB tokens<\/strong> currently valued at <strong>$12.91<\/strong> per token, giving the asset a total market cap of <strong>$26.8 million<\/strong>. Despite these metrics, the FB token experienced a sharp drop of <strong>61.9%<\/strong> just six days after hitting an all-time high of <strong>$38.80<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"1a788e\" data-has-transparency=\"false\" style=\"--dominant-color: #1a788e;\" loading=\"lazy\" decoding=\"async\" width=\"712\" height=\"1024\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/fractal-3-712x1024.avif\" alt=\"\" class=\"wp-image-4106 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/fractal-3-712x1024.avif 712w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/fractal-3-209x300.avif 209w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/fractal-3-768x1104.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/fractal-3-1069x1536.avif 1069w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/fractal-3-8x12.avif 8w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/fractal-3-jpg.avif 1200w\" sizes=\"auto, (max-width: 712px) 100vw, 712px\" \/><\/figure>\n\n\n\n<p>While mining pools are earning extra income through Fractal Bitcoin, the distribution of FB tokens shows a high level of concentration. The top five wallets control <strong>32.3%<\/strong> of the circulating supply, with the largest wallet alone holding <strong>15.7%<\/strong>. This added income has been a welcome boost for miners as BTC mining profitability remains challenging. With Fractal Bitcoin&#8217;s block rewards currently ranging between <strong>32 and 34.5 FB<\/strong>, miners can earn just under <strong>$495 per block<\/strong>. Despite the recent volatility in FB\u2019s price, the sidechain continues to offer a lucrative opportunity for miners as the supply of FB gradually increases toward its max cap of <strong>200 million<\/strong> tokens.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/cryptobriefing.com\/riot-bitfarms-settlement-agreement\/\" rel=\"nofollow noopener\" target=\"_blank\">\u0627\u0644\u0645\u0635\u062f\u0631<\/a><a href=\"https:\/\/news.bitcoin.com\/btc-miners-increase-earnings-with-fractal-bitcoin-mining\/\" rel=\"nofollow noopener\" target=\"_blank\">:\u00a0News.Bitcoin.com<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bitcoin_Mining_Race_Heats_Up_Between_US_and_China_as_AntPool_Gains_Ground\"><\/span>Bitcoin Mining Race Heats Up Between U.S. and China as AntPool Gains Ground<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The competition between China and the United States for dominance in Bitcoin mining has intensified, with China&#8217;s AntPool recently taking the lead. On September 22, AntPool mined nearly a third of all newly issued BTC within 24 hours, producing <strong>42 out of 135 blocks<\/strong>. Meanwhile, Foundry USA, the second-largest mining pool, mined <strong>36 blocks<\/strong> during the same period. While these two major players maintain a significant lead, other pools like ViaBTC and F2Pool have struggled to keep pace, contributing to concerns about the growing centralization of Bitcoin mining.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"7671a2\" data-has-transparency=\"false\" style=\"--dominant-color: #7671a2;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/uschina-1024x682.avif\" alt=\"\" class=\"wp-image-4107 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/uschina-1024x682.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/uschina-300x200.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/uschina-768x512.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/uschina-18x12.avif 18w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/uschina-jpg.avif 1310w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>This centralization trend has sparked alarm among experts and developers, who worry about its impact on the Bitcoin network\u2019s security. Bitcoin Core developer Luke Dash Jr. has warned that the centralization of mining power could delay BTC transaction confirmations, raising concerns about the safety of relying on the current standard of 30 to 60 minutes for confirmation. Research by pseudonymous analyst b10c suggests that AntPool&#8217;s influence extends beyond block discovery, with several other pools sharing the same custodian and block template, further consolidating control. <\/p>\n\n\n\n<p><strong><a href=\"https:\/\/cryptobriefing.com\/riot-bitfarms-settlement-agreement\/\" rel=\"nofollow noopener\" target=\"_blank\">\u0627\u0644\u0645\u0635\u062f\u0631<\/a><a href=\"https:\/\/finbold.com\/chinese-bitcoin-company-mines-one-third-of-all-blocks-in-a-day-dethrones-us\/\" rel=\"nofollow noopener\" target=\"_blank\">:\u00a0Finbold.com<\/a><\/strong><\/p>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Network Overview This week, the Bitcoin network experienced a slight recovery, with the hashrate increasing by 1.60%, bringing it to 571 EH\/s. This modest rise might reflect miners resuming operations as Bitcoin\u2019s profitability improves. However, mining difficulty continued its downward correction, dropping by 4.61% to 88.404 T. This adjustment is likely in response to 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