Marathon Digital records highest BTC production in October

MarathonDigital records highest BTC production in October

Marathon’s October mining production is only one BTC below itsIts hash rate also increased 84% from 3.8 exahashes per second to 7 exahashes per second . Marathon’s total Bitcoin holdings increased to 11,285 BTC with a fair market value of approximately $231.3 million as of 31 October.

for a voluntary Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas.that Compute North’s bankruptcy filing would not be impacting their mining operations. Its shares had nonetheless fallen during that period. Global energy consumption due to crypto mining is proportional to the price of Bitcoin. We can very well observe how the changing energy consumption due to mining operations mirrors BTC’s price fall.As BTC’s price kept plummeting since the crypto crash in May 2022, miners became demotivated to mine coins. Many miners were forced to close off their operations and dump their machines at dirt-cheap prices.

Massachusetts Senator Elizabeth Warren, in particular, has been critical of its enormous energy consumption. During a Senate Banking Subcommittee hearing last year, she

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