#bitdeer

[blockchainfeed]

Bitdeer Technologies Group has successfully completed prototype testing for its SEAL02 bitcoin mining chip, marking a pivotal advancement in the company’s technological development. The chip exhibited a power efficiency ratio of 13.5 joules per tera #Blockchain #Crypto

[blocktour]

Bhutan’s Bitcoin Boom: $780 Million Jackpot

Introduction

Nestled in the scenic shadow of the Himalayas, Bhutan—a picturesque landlocked country between India and China—is making headlines for an extraordinary reason. With a staggering Bitcoin reserve now valued at over $780 million, Bhutan's foray into the world of cryptocurrency has captivated the global financial stage. This impressive Bitcoin haul constitutes nearly one-third of the nation's Gross Domestic Product (GDP), making Bhutan's state-owned stash the fourth largest globally, as reported by on-chain analytics platform Arkham.

Bhutan: The Hidden Gem of Cryptocurrency

Bhutan, often celebrated for its stunning landscapes and unique cultural heritage, is now gaining international attention for its unexpected embrace of cryptocurrency. Known for prioritizing the well-being of its fewer than 900,000 citizens over conventional financial metrics, Bhutan is only the second country to hold Bitcoin, following El Salvador officially. This bold move is spearheaded by the country's state-owned investment arm, Druk Holdings.

A Deep Dive into Bhutan's Bitcoin Holdings

Bhutan's Bitcoin reserve is impressive in size and significant in its contribution to the country's economic landscape. With its holdings constituting a substantial portion of Bhutan's GDP, it underscores a remarkable national financial strategy shift. This reserve places Bhutan among the world's top Bitcoin holders, reflecting a bold and strategic investment in the digital currency.

The Role of Druk Holdings

Druk Holdings, Bhutan's state-owned investment arm, is at the forefront of this cryptocurrency revolution. Unlike many nations that acquire Bitcoin through law enforcement seizures, Bhutan has opted for a more proactive approach by mining Bitcoin directly. This strategic move is part of a broader investment plan to diversify the country's economic base.

Bitcoin Mining in Bhutan

Bhutan's rise in Bitcoin holdings is closely tied to its burgeoning mining operations. The largest of these facilities is located on the grounds of the now-defunct Education City project, highlighting Bhutan's innovative approach to leveraging its resources for cryptocurrency mining. This mining initiative represents a significant investment in the future of digital currency for the nation.

Partnership with Bitdeer

A pivotal element in Bhutan's Bitcoin strategy is its partnership with Bitdeer (BTDR), a prominent player in the cryptocurrency mining sector. In 2023, Bitdeer, headquartered in Singapore, partnered with the Bhutanese government to establish cryptocurrency mining operations in Southeast Asia. This collaboration secured over $500 million for the project and marked the beginning of a transformative phase in Bhutan's digital asset strategy.

Expansion Plans for Mining Operations

Bitdeer's initial 100-megawatt (MW) mining facility is just the beginning. By April 2024, Bitdeer plans to expand Bhutan's mining capacity to 600 MW by 2025. This significant expansion underscores Bhutan's commitment to becoming a major player in the global cryptocurrency market.

Economic Context of Bhutan

Despite its enchanting natural beauty and rich cultural heritage, Bhutan's economy remains relatively modest, with a GDP of just under $3 billion in 2022. This is approximately half the size of the Maldives' economy. Traditionally, Bhutan relies on hydropower, tourism, and agriculture sectors. However, the country's foray into cryptocurrency represents a bold step toward economic diversification.

Economic Diversification and Digital Assets

Druk Holdings is leading Bhutan's efforts to diversify its economic portfolio. This strategy requires a focus on digital assets, including cryptocurrency. This tech-driven approach also encompasses investments in hydropower and emerging technologies like the metaverse, aiming to position Bhutan as a forward-thinking player in the global economy.

Recent Bitcoin Wallet Activity

Recent activity in Druk Holdings' Bitcoin wallets reveals a dynamic and evolving strategy. Arkham's tracking indicates a flurry of deposits and withdrawals, including a notable transaction where over $25 million worth of BTC was transferred to Kraken, likely for sale. This active management of Bitcoin assets is a testament to Bhutan's strategic and responsive approach to cryptocurrency investments.

Global Implications and Reactions

Bhutan's Bitcoin venture has not gone unnoticed in the global cryptocurrency community. The country's substantial Bitcoin reserve and mining operations spark discussions and reactions worldwide. This bold move is seen as a significant development in the ongoing evolution of global cryptocurrency trends.

Challenges and Opportunities

While Bhutan's Bitcoin strategy is promising, it has challenges. The country must navigate potential regulatory hurdles, market volatility, and technological risks. However, the opportunities for Bhutan in the global crypto market are substantial, with the potential to enhance its economic standing and influence.

Conclusion

Bhutan's impressive Bitcoin reserve and mining operations are remarkable for this small yet ambitious nation. As Bhutan continues to embrace cryptocurrency and explore new economic avenues, it is poised to make a lasting impact on the global financial stage. The future looks bright for Bhutan's cryptocurrency journey, and the world will watch closely.

FAQs

What prompted Bhutan to invest heavily in Bitcoin? Bhutan's investment in Bitcoin is part of a broader strategy to diversify its economy and leverage its resources for future growth.

How does Bhutan's Bitcoin reserve compare to other countries? Bhutan's Bitcoin reserve is one of the largest globally, ranking fourth in total holdings.

What is the role of Bitdeer in Bhutan's Bitcoin operations? Bitdeer has partnered with Bhutan to establish and expand cryptocurrency mining operations, significantly contributing to the country's Bitcoin reserves.

How is Bhutan's economy affected by its Bitcoin holdings? Bhutan's Bitcoin holdings represent a substantial portion of its GDP and are part of its strategy for economic diversification.

What future developments can we expect from Bhutan's crypto investments? Future developments include further expansion of mining operations and continued exploration of digital assets and emerging technologies. About blocktour Block Tour brings you the most comprehensive coverage on Web3 and Blockchain. As the latest Web3 news updates platform, Block Tour ensures you stay ahead in the digital innovation space. Our platform offers expert insights and real-time news on key topics such as decentralized finance (DeFi) and blockchain technology. Discover the Block Tour difference with our Best Web3 News Platform for Daily Updates, keeping you informed about top projects, trends, and upcoming events in the world of NFT, Metaverse, smart contracts, dApps, play-to-earn, and DAOs. Trust Block Tour for all your Web3 and Blockchain news needs.

[digicloudm]

Bitdeer clocks 50% gross profit jump amid Bitcoin mining ramp up

Bitdeer Technologies Group reported a roughly 50% year-over-year increase in gross profits in the second quarter of 2024, largely as a result of nearly doubling its in-house Bitcoin mining capacity, according to the company’s Aug. 12 earnings report.  Gross profit for the second quarter of 2024 increased to $24.4 million from $16.2 million one year prior, according to Bitdeer. Bitdeer increased…

[coinatory]

Bhutan Embarks on Monumental Bitcoin Mining Expansion Before Next Halving

In a strategic maneuver poised to redefine the cryptocurrency mining landscape, the Kingdom of Bhutan, in collaboration with the Nasdaq-listed mining titan Bitdeer, has announced plans to significantly bolster its Bitcoin mining operations. Amidst the looming anticipation of Bitcoin's fourth halving event, this partnership aims to amplify Bhutan's mining capacity to an astonishing 500 megawatts by 2025, marking a 600% increase. Druk Holding & Investments (DHI), Bhutan's sovereign investment arm, is at the forefront of this ambitious initiative. By harnessing Bitdeer's cutting-edge mining technology and Bhutan's vast hydroelectric power resources, DHI is set to navigate the potential revenue fluctuations anticipated from the halving event. This expansion is not just a venture into enhancing computational power but a step towards

source

[p5ravin]

Title: Bitdeer Sets New Benchmarks in Crypto Mining with Revolutionary SEAL01 Chip

Bitdeer, a leading cloud mining platform, has shattered industry norms with the introduction of its groundbreaking SEAL01 chip, heralding a new era in cryptocurrency mining. This innovative chip promises to revolutionize the efficiency, performance, and sustainability of crypto mining operations, setting new benchmarks for the industry.

The SEAL01 chip represents a significant technological advancement in crypto mining hardware, boasting unparalleled processing power and energy efficiency. Designed in collaboration with leading semiconductor manufacturers, the chip leverages cutting-edge technologies and proprietary algorithms to optimize mining performance while minimizing energy consumption and environmental impact.

One of the key features of the SEAL01 chip is its remarkable hash rate, which surpasses previous generation chips by a significant margin. This enhanced hash rate translates to faster and more efficient mining operations, allowing miners to generate higher yields and maximize their returns on investment.

In addition to its impressive hash rate, the SEAL01 chip also delivers exceptional energy efficiency, consuming significantly less power per unit of computation compared to traditional mining hardware. This reduction in energy consumption not only lowers operating costs for miners but also mitigates the environmental impact associated with crypto mining, addressing concerns about carbon emissions and sustainability.

Furthermore, the SEAL01 chip is designed to be highly versatile and adaptable to a wide range of mining algorithms and cryptocurrencies. This flexibility enables miners to efficiently mine various digital assets, optimizing their mining operations and maximizing profitability in dynamic market conditions.

The introduction of the SEAL01 chip by Bitdeer has garnered widespread acclaim and anticipation within the crypto mining community. Miners are eager to leverage this cutting-edge technology to gain a competitive edge in the increasingly competitive and demanding crypto mining landscape.

Moreover, Bitdeer's commitment to transparency, security, and customer satisfaction further enhances the appeal of its cloud mining platform. With a user-friendly interface, robust security measures, and transparent pricing models, Bitdeer empowers miners of all sizes to participate in crypto mining with confidence and peace of mind.

As Bitdeer sets new benchmarks in crypto mining with its revolutionary SEAL01 chip, the industry is poised for further innovation and growth. With continued advancements in mining hardware and technologies, crypto mining is becoming increasingly accessible, efficient, and sustainable, paving the way for broader adoption and mainstream acceptance of cryptocurrencies.

In conclusion, Bitdeer's introduction of the SEAL01 chip represents a significant milestone in the evolution of crypto mining, offering miners unprecedented levels of efficiency, performance, and sustainability. With its innovative technology and commitment to excellence, Bitdeer is leading the way towards a brighter and more prosperous future for the crypto mining industry.

[alifscholar]

Bitdeer Broadcasts Completion and Profitable Validation of NVIDIA DGX SuperPOD H100 System

[cointahmin]

Butan Krallığı’nın yatırım kolu olan Druk Holding and Investments (DHI), Bitdeer ile iştirak sağladı. Nasdaq’ta listelenen madencilik şirketi Bitdeer ve DHI, Butan Krallığı’nda etraf dostu ve karbonsuz kripto madenciliği operasyonları oluşturmak için bir ortaya geldi. Yapılan duyuruya nazaran Bitdeer ve DHI, bu kapsamda yaklaşık 500 milyon dolar değerinde kapalı uçlu bir fon oluşturacak. Çalışmalar Mayıs Ayında BaşlayacakŞirketler, dünyanın dört bir yanından yatırım çekmek için Mayıs ayı sonunda bağış toplama çalışmalarına başlamayı hedefliyor. Bitdeer İdare Şurası Lideri Jihan Wu, Druk Holding and Investments ile iş birliği yapmaktan duyduğu heyecanı lisana getirdi. Wu, üniversal bir kıymet deposu için değiştirilemez bir temel oluşturacak olan blok zinciri teknolojilerini desteklemek üzere DHI ile birikte çalışacaklarını söyledi. Wu, fonun Butan’ın teknoloji bölümüne katkıda bulunacak memleketler arası paydaş ağları geliştirmek için bir platform sağlayacağını da kelamlarına ekledi. DHI CEO’su Ujjwal Deep Dahal ise DHI’nin hedefinin Butan’lıların ömürlerini düzgünleştirmek olduğunu ve Bitdeer ile paydaşlığın daha sürdürülebilir bir lokal iktisada yanlışsız atılmış bir adım olduğuna inandığını belirtti. Ortaklığın mühendislik, proje idaresi, denetleyici ve destekleyici roller de dahil olmak üzere çeşitli alanlarda istihdam fırsatları sunması amaçlanıyor. Bununla birlikte, bu iştirakin ekonomik büyümeyi teşvik etmesi ve lokal topum ve ülke için döviz cinsinden gelir yaratması bekleniyor.

[bitcoincables]

Bitcoin Miners Prepare for Halving Challenges and Growth Opportunities

Bitcoin miner stocks are rising faster than the price of Bitcoin, which has recently reached its highest level since 2021 due to increased mainstream acceptance, including the approval of a Bitcoin Exchange-Traded Fund (ETF). However, as the four-year halving approaches in April – a process that reduces mining rewards by half to ensure scarcity – some miners may face financial challenges. The halving will reduce the creation of new coins, potentially impacting revenues for companies with less efficient machines and higher operating costs.

According to a recent analysis, only a few Bitcoin miners, such as CleanSpark and Bitdeer, were profitable at a Bitcoin price of $40,000, but the profitability landscape has improved with Bitcoin above $50,000. Companies like Hut 8 and Argo Blockchain face higher costs and may struggle post-halving. On the other hand, Riot Platforms and Marathon Digital are taking proactive steps to navigate the upcoming changes, with Marathon maintaining a healthy cash reserve to sustain potential losses.

CleanSpark, a profitable miner at a cost of nearly $37,000 per coin, anticipates some machines to be shut down post-halving, creating opportunities for expansion through mergers and acquisitions. The industry will need to adapt to the evolving market conditions to ensure sustainability and profitability in the long run, requiring strategic planning and financial resilience.

This summary highlights the impact of the upcoming halving on Bitcoin miners' profitability and the strategies some companies are employing to navigate the changing landscape. With Bitcoin prices surging and regulatory approval increasing, miners must prepare for potential revenue decreases post-halving and explore growth opportunities through strategic initiatives like M&A.

Read the original article. #BitcoinMiners #BitcoinHalving #Cryptocurrency #Investing

[kriptoradar]

En İyi Bulut Madenciliği Platformları 2024: Kripto Altın Rüzgarına Hazır Olun! ⛏️💰🌐

En İyi Bulut Madenciliği Platformları 2024

2024'ün en iyi bulut madenciliği platformları incelenerek öne çıkanlar belirlendi. NGS Crypto, günlük kar ödemeleri ve yüksek getiri ile öne çıkarken, BeMine e-ticaret ve madencilikte uzmanlık sunuyor. TEC Crypto, ücretsiz bulut madenciliği ve güvenli hizmetiyle dikkat çekerken, KuCoin Pool güvenli ve sürekli kazanç sağlayan bir madencilik havuzu sunar. Top Hash, yüksek getirili planları ve güvenli madencilikle öne çıkarken, Bitdeer şeffaf ve kullanıcı dostu bir hizmet sunar. Her bir platformun avantajları ve dezavantajları göz önüne alınarak, kripto madenciliği yolculuğuna hazırlıklı olunması önerilir. #KriptoMadencilik #BulutMadenciliği Read the full article

[claudiaschiffersblog]

Хешрейт біткоїна впав на 34% на тлі низьких температур у Техасі

Раптові заморозки в Техасі, можливо, сприяли падінню хешрейту біткоїна на 34%, оскільки деякі майнери були змушені згорнути операції на тлі попиту в енергосистемі штату. Починаючи з 14 січня, те��пература в багатьох частинах Техасу опустилася нижче нуля - це один із перших випадків, після потужного крижаного шторму в лютому 2023 року. Згідно з даними YCharts, загальний обсяг біткоїна мережевий хешрейт впав з більш ніж 629 ексахешів на секунду (EH/s) 11 січня приблизно до 415 EH/s 15 січня - падіння на 34%. Сайт аналітики повідомив, що 16 січня хешрейт зріс до більш ніж 454 EH/s, оскільки температура в Остіні протягом дня ненадовго піднялася вище нуля. Згідно з пулом даних Foundry, на Техас припадає приблизно 29% хешрейту біткоїна в Сполучених Штатах. Багато майнінгових компаній переїхали до штату з Китаю після репресій у країні щодо майнерів BTC і криптовалют. У Техасі працюють кілька фірм, зокрема Marathon Digital, Riot Platforms, Bitdeer і Core Scientific. На відміну від 2021 року, коли рекордно низькі температури та раптовий зимовий шторм спричинили сотні відключень електроенергії в будинках у той час, коли багато доріг було вкрито кригою та сильним снігопадом, повідомлень про значні збої в електромережі Техасу надходило менше. Багато майнінгових компаній приєдналися до програми, організованої Радою з надійності електропостачання Техасу (ERCOT), яка компенсує їм коригування навантаження на електромережу штату в періоди високого попиту. "Marathon, поряд з іншими майнерами біткоїна, згортають операції для підтримки електромережі Техасу і громадян штату, які борються з мінусовими температурами", - сказав Чарлі Шумахер, віцепрезидент з корпоративних комунікацій Marathon Digital, в інтерв'ю Cointelegraph. "Саме так і повинна працювати система. Майнери біткоїна слугують базовим навантаженням, яке вимикається під час екстремальних погодних явищ, роблячи енергію більш рясною та дешевою для тих, хто її потребує протягом кількох хвилин". Представник Riot додав: "Riot бере активну участь у програмах реагування на попит, даючи змогу ERCOT управляти навантаженням Компанії, коли допомога має вирішальне значення для балансування мережі в складних погодних умовах". У випадку з Техасом високий попит часто прирівнюється до екстремальної спеки влітку і зимових умов, що потенційно завдає шкоди енергетичній інфраструктурі штату. У грудні 2022 року Argo Blockchain повідомила про значне падіння активності через зимові умови на своєму підприємстві Texas Helios, добувши приблизно на 25% менше біткоїна, ніж у листопаді. Станом на 17 січня ERCOT повідомила, що "очікується, що умови в мережі будуть нормальними", починаючи з опівночі за місцевим часом. Read the full article

[blockchainfeed]

The Bitcoin price has stayed true to its inherently volatile nature of late, straying from its all-time high of $74,000 reached in March. In response, blockchain companies are getting more creative about accessing capital. Bitdeer Technologies Group #Blockchain #Crypto

[mininglegit]

Bitdeer Review

Bitdeer Review: Is bitdeer legit or scam? How do make profits from bitdeer Self-run system. Well, all you will hear about bit deer mining firm when you search for bitdeer review is  recommending advice. This made us to write this review to help you make you final decisions. Unfortunately, we might still recommend this platform because it have proven to provide top quality services. Bitdeer…

[digicloudm]

Bitcoin mining company Bitdeer acquires lease for Ohio site

On June 28, Bitcoin mining company Bitdeer announced it entered into a 30-year leasing agreement with the Monroe County Port Authority for a site located at the Hannibal Industrial Park in Clarington, Ohio. According to the company’s announcement, the site previously featured an aluminum factory and has the necessary power infrastructure to host Bitdeer’s mining operations. Bitdeer aims to secure…

[crypto-chronicles]

Bitdeer and NVIDIA Partner to Launch AI Cloud Service in Asia

Bitdeer Technologies Group (NASDAQ: BTDR), a leader in blockchain and high-performance computing, has teamed up with NVIDIA to introduce a new cloud service in Asia, according to Globenewswire. Named Bitdeer AI Cloud, this service is poised to be powered by NVIDIA’s advanced DGX SuperPOD with DGX H100 systems, representing a major development in the region’s technological landscape. The…

[singaporenewstribe]

Bitdeer เปิดตัวบริการระบบคลาวด์ในเอเชียซึ่งพัฒนาต่อยอดจาก NVIDIA DGX SuperPOD

http://dlvr.it/SyhHNg