China News Official TheBitTimes.com

Here is why a run-of-the-mill cooler is actually the perfect home for a dorm-based Bitcoin miner. The humble university dorm is a place for students taking their undergraduate degrees to study, rest, make new friends, host wild dorm parties and, of course, mine Bitcoin (BTC).  A master’s student in market research and self-described “data guy,” Blake Kaufman, has hooked up an S9 Bitcoin miner to the Bitcoin network. He won the S9 miner in a raffle at a mid-Michigan Bitcoin meetup and immediately set about learning how to use it. Blake has consistently shown up to every https://t.co/2Q6OuIwW4O event with at least one friend, a tremendous attitude, and unmatched enthusiasm. Glad you won the S9 raffle! Hash away at those KYC free sats, and enjoy the heat this winter! https://t.co/AQNzDjnDGC — Mid-Michigan Bitcoin (@517Bitcoin) November 17, 2022 During a video call with Cointelegraph, Blake joked that he knew next to nothing about mining prior to the raffle. The moment he won, he r...

ASIC miners' price per terahash has fallen more than 80% from its peak in 2021 as Bitcoin mining machines continue to flood the marketplace. Bitcoin ASIC miner s — machines optimized for the sole purpose of mining Bitcoin — are currently selling at bottom-of-the-barrel price s not seen since 2020 and 2021, in what is being viewed as another sign of a deepened crypto bear market. According to the latest data from Hashrate Index, the most efficient ASIC miner s, those generating at least one terahash per 38 joules of energy, have seen their price s fall 86.82% from May. 7, 2021 peak of $119.25 per terahash down to $15.71 as of Dec. 25. Miners in these category include Bitmain’s Antminer S19 and MicroBTC’s Whatsminer M30s. The same statement holds true for the mid-tier machines, with price s now averaged out at $10.23 after falling a massive 89.36% from its peak price of $96.24 on May. 7, 2021. However, the least efficient machines, ones that require more than 68 Joules per TH, are ...