Bitcoin miners ramp up investment ahead of halving, set new energy consumption record

CAT March 9, 2024 1 min read

Julius Mutunkei

According to Bloomberg, the resurgence in Bitcoin mining activity is primarily driven by the cryptocurrency’s breaking an all-time high record after losing 64% of its value in 2022.

Go here to Read this Fast! Bitcoin miners ramp up investment ahead of halving, set new energy consumption record

Originally appeared here:
Bitcoin miners ramp up investment ahead of halving, set new energy consumption record

Tags: #bitcoin #blockchain #cryptocurrency #eth btc Ethereum

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.

Necessary

Always Enabled

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Functional

Performance

Analytics

Others

Related Stories

Metaplanet to buy additional $11.7 million Bitcoin

Gary Gensler Preparing to Exit SEC Chairman Role?

BC.GAME Celebrates Third Consecutive Win at the SiGMA Global Gaming Awards with 2024 Best Crypto Casino

You may have missed

Bug stops M4 Macs from virtualizing older macOS versions

Foxconn India drops recruitment discrimination against married women

How to create a podcast with AI in seconds: Easy, step-by-step instructions

The best password manager for Mac in 2024: Expert tested