Tag Archives: Mining

Tampa, FL, June 07, 2024 (GLOBE NEWSWIRE) — LM Funding America, Inc. (NASDAQ:LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and technology-based specialty finance company, today announced a strategic collaboration to support the development of a new 15 MW hosting site being developed by Arthur Mining Inc., near Oklahoma City. In connection with collaboration, LM Funding has committed to loaning $2.5 million to a new joint venture, majority-owned by Arthur Mining and co-owned by a third-party, in order to accelerate completion of the 15 MW hosting site.

As part of the agreement, the Company has entered into a hosting contract with Arthur Mining for approximately 3,000 of the Company’s Bitmain Antminer S19j Pro machines to be deployed at the new…

Are you wondering if you can harness the power of VPS for crypto mining? Look no further!

This article will guide you through the ins and outs of using a Virtual Private Server for mining cryptocurrencies.

We’ll explore the hardware and software requirements, the advantages and disadvantages, and even compare VPS mining to GPU mining.

Get ready to dive into the technical details and discover the profitability factors and best practices for VPS mining.

Let’s unlock the potential together!

What Is VPS?

If you’re considering using VPS for crypto mining, it’s important to understand what VPS is.

VPS stands for Virtual Private Server and is a virtualized server that operates within a larger physical server.

It provides users with the ability to have their own isolated…

The combination of rising energy prices and falling cryptocurrency prices has made it much more difficult to turn a profit mining Bitcoin (BTC).

Bitcoin prices have been volatile this year. While the original crypto soared to $69,000 in November 2021, it sank to as low as $17,708 in June before rebounding to its current trading level at around $23,000.

Profitability for Bitcoin mining sank to multi-month lows in July, according to data by crypto tracking website Bitinfocharts.com.

NEW YORK, Nov. 2, 2021 /PRNewswire/ — Compass Mining (“Compass” or “the Company”), the world’s first and largest online marketplace for bitcoin mining hardware and hosting, today announced an agreement with Red Jar Digital Infrastructure (“RJDI”), a hosting infrastructure company founded and managed by energy and infrastructure veterans, for a new Canada-based hosting facility powered by 95% clean energy. The Ontario facility will be jointly managed by Compass and RJDI, a first for both companies, and will feature up to 140 MW of additional capacity for Compass’ userbase, a vast increase over the Company’s current 30 MW of total capacity, further balancing the playing field for retail miners.

Whit Gibbs, CEO of Compass Mining, commented on the news, “More than doubling…