Daily Archives: 20/07/2020

Binance will partner with BitRiver to bring miners to its pool

Binance wants to consolidate more hashrate of the Bitcoin network from Russia and Central Asia in its pool by deploying a physical server node at the BitRiver mining site in Bratsk. As reported by Binance and BitRiver, the initiative will allow BitRiver ASIC miners who decide to switch to Binance to get a better connection and direct routing to the mining pool. In turn, Binance will have access to clients who manage devices hosted on…

Bitcoin miners’ power consumption is on the rise again

Despite the decrease in energy consumption of BTC miners shortly after the halving, when inefficient AISC miners began to disconnect from the network, this figure has now started to rise again. After bitcoin halving in May, when the reward for mining a block for miners fell from 12.5 BTC to 6.25 BTC, many unprofitable and inefficient ASIC miners left the network. Then it was reported that the energy consumption of Bitcoin miners decreased by 24%,…