{"id":4269,"date":"2024-10-12T05:54:19","date_gmt":"2024-10-12T05:54:19","guid":{"rendered":"https:\/\/bedk0.myrdbx.io\/?p=4269"},"modified":"2024-10-19T08:06:33","modified_gmt":"2024-10-19T08:06:33","slug":"mining-industry-recap-episode-6","status":"publish","type":"post","link":"https:\/\/blog.infinity-hash.io\/ar\/mining-recap\/mining-industry-recap-episode-6\/","title":{"rendered":"Mining Industry Recap, Episode 6"},"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-6\/#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-6\/#Bitcoin_Miners_See_Mixed_Results_Amid_Network_Difficulty_and_Expansion_Efforts\" >Bitcoin Miners See Mixed Results Amid Network Difficulty and Expansion Efforts<\/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-6\/#Bitcoin_Revives_Rockdales_Economy_After_Alcoa_Shutdown\" >Bitcoin Revives Rockdale\u2019s Economy After Alcoa Shutdown<\/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-6\/#Ethiopias_Bitcoin_Mining_Industry_Surges_with_600MW_Power_Boost\" >Ethiopia\u2019s Bitcoin Mining Industry Surges with 600MW Power Boost<\/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-6\/#Bitmain_Unveils_New_Antminer_Machines_to_Boost_Bitcoin_Mining_Efficiency\" >Bitmain Unveils New Antminer Machines to Boost Bitcoin Mining Efficiency<\/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-6\/#Investors_Sue_Iris_Energy_IREN_Over_Alleged_Misleading_Claims_About_HPC_Capabilities\" >Investors Sue Iris Energy (IREN) Over Alleged Misleading Claims About HPC Capabilities<\/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-6\/#Misinformation_in_Academia_and_Media_Harming_Bitcoin_Policy_Say_Speakers_at_Bitcoin_Amsterdam_2024\" >Misinformation in Academia and Media Harming Bitcoin Policy, Say Speakers at Bitcoin Amsterdam 2024<\/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 saw a continued expansion in hashrate, with a 12.90% increase bringing it up to 709 EH\/s. As more miners come online, the mining difficulty also adjusted upwards by 4.12%, now sitting at 92.050 T.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"ea807b\" data-has-transparency=\"false\" style=\"--dominant-color: #ea807b;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"631\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/recap_episode_6-1024x631.avif\" alt=\"\" class=\"wp-image-4274 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_6-1024x631.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_6-300x185.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_6-768x474.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_6-18x12.avif 18w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/recap_episode_6-png.avif 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Bitcoin\u2019s price experienced a decline, dropping by 5.73% to $60,574. Last week&#8217;s decline was justified by the ongoing geopolitical situation, but this week&#8217;s doesn&#8217;t seem to have a clear justification. Either way, miner daily revenues still increased by 3.74%, reaching $30.82 million, partly due to the sharp rise in transaction fees, which more than doubled this week, growing by 102.97% to $2.05 per transaction.<\/p>\n\n\n\n<p>Meanwhile, the average mining costs remain much higher than Bitcoin prices, which implies that a large share of miners are operating at a loss. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img data-dominant-color=\"f97f80\" data-has-transparency=\"false\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"173\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/image-2-1024x173.avif\" alt=\"\" class=\"wp-image-4282 not-transparent\" style=\"--dominant-color: #f97f80; width:864px;height:auto\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/image-2-1024x173.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/image-2-300x51.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/image-2-768x129.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/image-2-18x3.avif 18w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/image-2-png.avif 1317w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>And here are the top 7 countries by Bitcoin mining Hashrate:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img data-dominant-color=\"e3867e\" data-has-transparency=\"false\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"631\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/MiningCountries-1-1024x631.avif\" alt=\"\" class=\"wp-image-4286 not-transparent\" style=\"--dominant-color: #e3867e; width:864px;height:auto\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/MiningCountries-1-1024x631.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/MiningCountries-1-300x185.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/MiningCountries-1-768x474.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/MiningCountries-1-18x12.avif 18w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/MiningCountries-1-png.avif 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Data Sources: <\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.blockchain.com\/explorer\/charts\" rel=\"nofollow noopener\" target=\"_blank\">Blockchain.com<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/en.macromicro.me\/charts\/29435\/bitcoin-production-total-cost\" rel=\"nofollow noopener\" target=\"_blank\">Macromicro.me<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/chainbulletin.com\/bitcoin-mining-map\/\" rel=\"nofollow noopener\" target=\"_blank\">Chainbulletin.com<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bitcoin_Miners_See_Mixed_Results_Amid_Network_Difficulty_and_Expansion_Efforts\"><\/span>Bitcoin Miners See Mixed Results Amid Network Difficulty and Expansion Efforts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The latest September reports from Bitcoin miners reveal a mix of performance outcomes due to increasing network difficulty and ongoing market volatility. While Hut 8 and Iris Energy continue to expand their operations, other companies are experiencing dips in Bitcoin production. Hut 8, aiming for 20 exahashes per second (EH\/s) by 2025, slightly increased its hashrate to 19.5 EH\/s in September but saw a small decline in BTC production. Iris Energy, on the other hand, achieved a significant increase in production, rising from 245 BTC in August to 347 BTC in September, thanks to a 42% increase in operational hashrate.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"2f7b83\" data-has-transparency=\"false\" style=\"--dominant-color: #2f7b83;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/worried-png.avif\" alt=\"\" class=\"wp-image-4275 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/worried-png.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/worried-300x300.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/worried-150x150.avif 150w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/worried-768x768.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/worried-12x12.avif 12w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Bitfarms found it difficult to tackle with the rising network difficulty, but still managed to hit its year-end energy efficiency target ahead of schedule. Despite a drop in production from 233 BTC in August to 217 BTC in September, Bitfarms boosted its energy efficiency by 16% and signed a hosting agreement with Stronghold Digital Mining, adding 2.2 EH\/s to its operations. CleanSpark also made headlines with a 187% increase in hashrate over the past year, expanding its operations across three states and raising its hashrate to 27.6 EH\/s by September 2024.<\/p>\n\n\n\n<p><strong>Source:<\/strong> <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-miners-september-performance\" rel=\"nofollow noopener\" target=\"_blank\">CoinTelegraph<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bitcoin_Revives_Rockdales_Economy_After_Alcoa_Shutdown\"><\/span>Bitcoin Revives Rockdale\u2019s Economy After Alcoa Shutdown<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Rockdale, Texas, once devastated by the closure of the Alcoa aluminum plant in 2008, has experienced an economic resurgence thanks to Bitcoin mining. After losing hundreds of jobs and seeing its tax base collapse, the town found new life when Bitcoin miners moved in, leveraging the town\u2019s existing energy infrastructure. Over $1 billion was invested into Rockdale, creating jobs and providing much-needed tax revenue. These mining companies have also supported local services, including schools, police, and community events, contributing to the town\u2019s recovery.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"5e7c85\" data-has-transparency=\"false\" style=\"--dominant-color: #5e7c85;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/texas-png.avif\" alt=\"\" class=\"wp-image-4276 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/texas-png.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/texas-300x300.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/texas-150x150.avif 150w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/texas-768x768.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/texas-12x12.avif 12w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The impact of Bitcoin mining is being felt across Texas, with over 22,000 jobs created state-wide and new facilities planned in towns like Corsicana, which is expected to see a similar economic boost. Despite some critics questioning the job creation compared to energy consumption, Rockdale\u2019s Mayor Ward Roddam defends the industry, pointing to the positive transformation in his town. Bitcoin mining has proven to be one of the fastest-growing industries in Texas, revitalizing rural areas in need of economic support.<\/p>\n\n\n\n<p><strong>Source:<\/strong> <a href=\"https:\/\/www.cryptopolitan.com\/rockdale-mayor-bitcoin-saved-town-economy\/\" rel=\"nofollow noopener\" target=\"_blank\">Cryptopolitan<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ethiopias_Bitcoin_Mining_Industry_Surges_with_600MW_Power_Boost\"><\/span>Ethiopia\u2019s Bitcoin Mining Industry Surges with 600MW Power Boost<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Ethiopia is fast becoming a Bitcoin mining hotspot, with miners now consuming 600 megawatts of power, thanks to the country\u2019s low electricity costs and government support. Ethan Vera, co-founder of Luxor Mining, noted that mid-generation machines like Bitmain\u2019s S19J Pro and Canaan\u2019s A1346 models are widely used, benefiting from Ethiopia\u2019s abundant hydropower resources. The country is expected to add even more capacity before the year ends, solidifying its place in the global Bitcoin mining market.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"c47f78\" data-has-transparency=\"false\" style=\"--dominant-color: #c47f78;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/Ethiopia-1024x683.avif\" alt=\"\" class=\"wp-image-4273 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/Ethiopia-1024x683.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/Ethiopia-300x200.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/Ethiopia-768x512.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/Ethiopia-18x12.avif 18w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/Ethiopia-png.avif 1125w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Ethiopia\u2019s growing interest in Bitcoin mining aligns with its broader push for infrastructure development, including data mining and AI. The government\u2019s efforts, alongside projects such as a $250 million deal with Hong Kong\u2019s West Data Group, aim to strengthen the nation\u2019s digital framework. Despite this rapid expansion, however, a significant portion of Ethiopia\u2019s population still lacks access to electricity.<\/p>\n\n\n\n<p><strong>Source:<\/strong> <a href=\"https:\/\/crypto.news\/86-year-old-former-attorney-to-pay-14m-for-role-in-crypto-ponzi-scheme\/\" rel=\"nofollow noopener\" target=\"_blank\">Crypto.News<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bitmain_Unveils_New_Antminer_Machines_to_Boost_Bitcoin_Mining_Efficiency\"><\/span>Bitmain Unveils New Antminer Machines to Boost Bitcoin Mining Efficiency<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Bitmain introduced two new mining machines, the Antminer S21+ Hyd. and S21+, at the Bitcoin Amsterdam Summit, promising improved energy efficiency for Bitcoin miners. The S21+ Hyd. boasts a 15.0J\/T energy efficiency and computing power of 319 terahashes (T), while the S21+ offers slightly lower computing power but still impressive energy efficiency at 16.5J\/T. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"448779\" data-has-transparency=\"false\" style=\"--dominant-color: #448779;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/miningmachines-png.avif\" alt=\"\" class=\"wp-image-4272 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/miningmachines-png.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/miningmachines-300x300.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/miningmachines-150x150.avif 150w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/miningmachines-768x768.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/miningmachines-12x12.avif 12w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>These machines aim to provide a stable and efficient mining experience, with early applicants receiving additional support from Bitmain. The hardware manufacturer also revealed several other innovations, including oil-cooled and air-cooled models to meet various customer needs. <\/p>\n\n\n\n<p><strong>Source:<\/strong> <a href=\"https:\/\/www.cryptopolitan.com\/bitmain-unveils-new-mining-machines\/\" rel=\"nofollow noopener\" target=\"_blank\">Cryptopolitan<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Investors_Sue_Iris_Energy_IREN_Over_Alleged_Misleading_Claims_About_HPC_Capabilities\"><\/span>Investors Sue Iris Energy (IREN) Over Alleged Misleading Claims About HPC Capabilities<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Investors have filed a class-action lawsuit against crypto mining firm Iris Energy (IREN), accusing the company of overstating its high-performance computing (HPC) capabilities. The suit, led by investor Paul Williams-Israel, claims that IREN falsely promoted its Childress, Texas facility as being ready for HPC operations, despite being inadequately equipped.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"3a7985\" data-has-transparency=\"false\" style=\"--dominant-color: #3a7985;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/lawsuit-png.avif\" alt=\"\" class=\"wp-image-4271 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/lawsuit-png.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/lawsuit-300x300.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/lawsuit-150x150.avif 150w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/lawsuit-768x768.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/lawsuit-12x12.avif 12w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The lawsuit focuses on a June 2023 statement from IREN announcing an expansion of the Childress site, which allegedly misled investors about the company\u2019s prospects in HPC. The complaint also includes concerns about IREN\u2019s cooling system, which was reportedly only tested in cooler climates like British Columbia, Canada, raising doubts about its effectiveness in Texas\u2019 much hotter conditions.<\/p>\n\n\n\n<p>The short-selling firm Culper Research supported these claims, criticizing IREN\u2019s ability to compete in the HPC market. The lawsuit seeks compensation for damages caused by the company\u2019s allegedly false statements.<\/p>\n\n\n\n<p><strong>Source:<\/strong> <a href=\"https:\/\/cointelegraph.com\/news\/iris-energy-mislead-computing-capabilities-investor-claims\" rel=\"nofollow noopener\" target=\"_blank\">Cointelegraph<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Misinformation_in_Academia_and_Media_Harming_Bitcoin_Policy_Say_Speakers_at_Bitcoin_Amsterdam_2024\"><\/span>Misinformation in Academia and Media Harming Bitcoin Policy, Say Speakers at Bitcoin Amsterdam 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>During the Bitcoin Amsterdam 2024 conference, experts warned of the damaging effects that misinformation from academic research has had on Bitcoin. On the \u201cBeyond Resistance Money\u201d panel, speakers highlighted how inaccuracies in academia have misled the media, contributing to misguided government policies and harmful regulations.<\/p>\n\n\n\n<p>Andrew Bailey, a senior fellow at the Bitcoin Policy Institute, criticized academic studies on Bitcoin, pointing out errors in influential papers on BTC emissions that continue to shape public opinion and policy. He emphasized that such mistakes have far-reaching consequences because they are frequently cited in journalism and used as the basis for regulatory decisions.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"548179\" data-has-transparency=\"false\" style=\"--dominant-color: #548179;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/bedk0.myrdbx.io\/wp-content\/uploads\/evilmanlecture-png.avif\" alt=\"\" class=\"wp-image-4277 not-transparent\" title=\"\" srcset=\"https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/evilmanlecture-png.avif 1024w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/evilmanlecture-300x300.avif 300w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/evilmanlecture-150x150.avif 150w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/evilmanlecture-768x768.avif 768w, https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/evilmanlecture-12x12.avif 12w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Panellists also noted that journalists often lack the time or expertise to verify academic data, which further amplifies misinformation. Bradley Rettler, a professor at the University of Wyoming, said that flawed research translated into media reports leads to damaging narratives that influence public perception of Bitcoin.<\/p>\n\n\n\n<p>The speakers stressed that policymakers rely on these media reports when drafting regulations, leading to restrictive laws, such as Sweden\u2019s efforts to tax Bitcoin mining. Craig Warmke, from the Bitcoin Policy Institute, called for academics to correct these misperceptions and start supporting the cryptocurrency.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-amsterdam-2024-misinformation-academia-media-regulations\" rel=\"nofollow noopener\" target=\"_blank\">Cointelegraph<\/a><\/p>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Network Overview This week, the Bitcoin network saw a continued expansion in hashrate, with a 12.90% increase bringing it up to 709 EH\/s. As more miners come online, the mining difficulty also adjusted upwards by 4.12%, now sitting at 92.050 T. Bitcoin\u2019s price experienced a decline, dropping by 5.73% to $60,574. Last week&#8217;s decline was&#8230;<\/p>","protected":false},"author":7,"featured_media":4287,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[68,1],"tags":[],"class_list":["post-4269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mining-recap","category-uncategorized"],"taxonomy_info":{"category":[{"value":68,"label":"Mining Recap"},{"value":1,"label":"Uncategorized"}]},"featured_image_src_large":["https:\/\/blog.infinity-hash.io\/wp-content\/uploads\/mining_recap_6_wordpress-1024x538.avif",992,521,true],"author_info":{"display_name":"Sandude","author_link":"https:\/\/blog.infinity-hash.io\/ar\/author\/sandude\/"},"comment_info":0,"category_info":[{"term_id":68,"name":"Mining Recap","slug":"mining-recap","term_group":0,"term_taxonomy_id":68,"taxonomy":"category","description":"","parent":0,"count":12,"filter":"raw","cat_ID":68,"category_count":12,"category_description":"","cat_name":"Mining Recap","category_nicename":"mining-recap","category_parent":0},{"term_id":1,"name":"Uncategorized","slug":"uncategorized","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":2,"filter":"raw","cat_ID":1,"category_count":2,"category_description":"","cat_name":"Uncategorized","category_nicename":"uncategorized","category_parent":0}],"tag_info":false,"_links":{"self":[{"href":"https:\/\/blog.infinity-hash.io\/ar\/wp-json\/wp\/v2\/posts\/4269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.infinity-hash.io\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.infinity-hash.io\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.infinity-hash.io\/ar\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.infinity-hash.io\/ar\/wp-json\/wp\/v2\/comments?post=4269"}],"version-history":[{"count":3,"href":"https:\/\/blog.infinity-hash.io\/ar\/wp-json\/wp\/v2\/posts\/4269\/revisions"}],"predecessor-version":[{"id":4323,"href":"https:\/\/blog.infinity-hash.io\/ar\/wp-json\/wp\/v2\/posts\/4269\/revisions\/4323"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.infinity-hash.io\/ar\/wp-json\/wp\/v2\/media\/4287"}],"wp:attachment":[{"href":"https:\/\/blog.infinity-hash.io\/ar\/wp-json\/wp\/v2\/media?parent=4269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.infinity-hash.io\/ar\/wp-json\/wp\/v2\/categories?post=4269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.infinity-hash.io\/ar\/wp-json\/wp\/v2\/tags?post=4269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}