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Bitcoin: The Secret Inside A Public Coal Company
Invisible to the markets, Alliance Resource Partners (NASDAQ: ARLP) has quietly opened a new front. Indeed, this American coal giant is using its surplus electricity to mine bitcoin. Result: 45 million dollars worth of BTC is now listed as an asset of the company. Thus, away from the public eye, coal powers more than just boilers. Let’s explore this bold transformation.
Bitcoin: from coal caves to mining farms
First, Alliance Resource Partners relies on its River View site in Kentucky. There, the electricity generated by its coal facilities is used as fuel for bitcoin mining. Specifically, the energy surplus is no longer wasted. Paradoxically, it’s a mine powering… another kind of mine.
Furthermore, the company has converted its electric galleries into data centers. It hosts over 1,000 mining platforms for third parties. At the same time, it operates about 3,500 rigs of its own. This dual role allows it to maximize returns and diversify its business.
Next, the operation meets a growing demand for affordable energy. Bitcoin miners are always seeking the lowest costs.
Alliance Resource Partners, however, transforms a constraint – the surplus – into an opportunity. Besides, all its BTC holdings come from this activity. No direct purchases are financed by its coal profits.
$BTC
#miners
#Mining
Bitcoin: from coal caves to mining farms
First, Alliance Resource Partners relies on its River View site in Kentucky. There, the electricity generated by its coal facilities is used as fuel for bitcoin mining. Specifically, the energy surplus is no longer wasted. Paradoxically, it’s a mine powering… another kind of mine.
Furthermore, the company has converted its electric galleries into data centers. It hosts over 1,000 mining platforms for third parties. At the same time, it operates about 3,500 rigs of its own. This dual role allows it to maximize returns and diversify its business.
Next, the operation meets a growing demand for affordable energy. Bitcoin miners are always seeking the lowest costs.
Alliance Resource Partners, however, transforms a constraint – the surplus – into an opportunity. Besides, all its BTC holdings come from this activity. No direct purchases are financed by its coal profits.
$BTC
#miners
#Mining
Bitcoin Miner Compass Energizes First Phase of 30 MW lowa Data Center
$BTC #miners #BinanceAlphaAlert
#AbuDhabiStablecoin
Compass Mining has initiated operations at the first phase of its self-owned bitcoin mining facility in Iowa, the company announced on Tuesday.
Compass Mining Powers Up First Phase of 30 MW Iowa Project
The initial 8-megawatt (MW) phase of the 30 MW project is now online, with construction on remaining capacity set to begin in Q4 2025. Located on a 5-acre site, the announcement shared with Bitcoin.com News states that the facility expands Compass Mining’s portfolio of self-operated infrastructure, which allows clients to deploy machines directly to the Iowa location.
Compass Mining CEO Paul Gosker stated the move reinforces Compass’ control over operations and provides customers flexibility in choosing hosting sites. The Iowa facility follows the company’s recent launch of a hydro-cooled mining site in North Dakota.
In 2024, Compass added nearly 50 MW of power capacity across six U.S. states, including Indiana, Ohio, and Texas. The firm stated that the expansions align with its strategy to grow self-owned infrastructure while maintaining partnerships with third-party hosting providers.
The company did not disclose projected timelines for full completion of the Iowa facility or associated costs. “Expanding our self-owned infrastructure is a crucial step in strengthening Compass Mining’s position as a leader in Bitcoin mining hosting,” said Paul Gosker, CEO of Compass Mining. Gosker added:
Owning and operating our own sites gives customers greater operational control while still allowing them to choose from our network of reliable third-party facilities to best meet their individual needs and preferences.
$BTC #miners #BinanceAlphaAlert
#AbuDhabiStablecoin
Compass Mining has initiated operations at the first phase of its self-owned bitcoin mining facility in Iowa, the company announced on Tuesday.
Compass Mining Powers Up First Phase of 30 MW Iowa Project
The initial 8-megawatt (MW) phase of the 30 MW project is now online, with construction on remaining capacity set to begin in Q4 2025. Located on a 5-acre site, the announcement shared with Bitcoin.com News states that the facility expands Compass Mining’s portfolio of self-operated infrastructure, which allows clients to deploy machines directly to the Iowa location.
Compass Mining CEO Paul Gosker stated the move reinforces Compass’ control over operations and provides customers flexibility in choosing hosting sites. The Iowa facility follows the company’s recent launch of a hydro-cooled mining site in North Dakota.
In 2024, Compass added nearly 50 MW of power capacity across six U.S. states, including Indiana, Ohio, and Texas. The firm stated that the expansions align with its strategy to grow self-owned infrastructure while maintaining partnerships with third-party hosting providers.
The company did not disclose projected timelines for full completion of the Iowa facility or associated costs. “Expanding our self-owned infrastructure is a crucial step in strengthening Compass Mining’s position as a leader in Bitcoin mining hosting,” said Paul Gosker, CEO of Compass Mining. Gosker added:
Owning and operating our own sites gives customers greater operational control while still allowing them to choose from our network of reliable third-party facilities to best meet their individual needs and preferences.
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💰⚒ MINERS OF #BITCOIN SEE THEIR EARNINGS GROW FROM TRANSACTION FEES.
The daily earnings that Bitcoin (BTC) miners obtained from transaction fees paid by users reached an average of $2.5 million during 2024, according to Coinmetrics.
In addition to the block subsidy reward (3.125 BTC after the #halving de of 2024), Bitcoin miners also receive the transaction fees paid by users for their operations to be included in the next block. The cost of these fees varies depending on network congestion and the urgency of the transaction.
$BTC
#BTC #miners
The daily earnings that Bitcoin (BTC) miners obtained from transaction fees paid by users reached an average of $2.5 million during 2024, according to Coinmetrics.
In addition to the block subsidy reward (3.125 BTC after the #halving de of 2024), Bitcoin miners also receive the transaction fees paid by users for their operations to be included in the next block. The cost of these fees varies depending on network congestion and the urgency of the transaction.
$BTC
#BTC #miners
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Good Morning Friends 👐
Look for Rubi in your app store, mining on your cell phone. Join me!
Let's make the community great 🥳👐🍀
#miners
Code: NENIK
Look for Rubi in your app store, mining on your cell phone. Join me!
Let's make the community great 🥳👐🍀
#miners
Code: NENIK
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Miners,Bitcoin
Bitcoin Miner Rhodium Files for Bankruptcy With Debt Up to $100 Million
27.08.2024
BITCOIN MINERS ASIC report of miners on bitcoin mining
#bankruptcy#Mining
Mining company Rhodium Enterprises has filed for Chapter 11 bankruptcy in the United States.
The Texas filing also includes six subsidiaries: Rhodium Encore, Jordan HPC, Rhodium JV, Rhodium 2.0, Rhodium 10MW and Rhodium 30MW.
27.08.2024
BITCOIN MINERS ASIC report of miners on bitcoin mining
#bankruptcy#Mining
Mining company Rhodium Enterprises has filed for Chapter 11 bankruptcy in the United States.
The Texas filing also includes six subsidiaries: Rhodium Encore, Jordan HPC, Rhodium JV, Rhodium 2.0, Rhodium 10MW and Rhodium 30MW.
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Good Morning 👐
Search for Rubi in your app store, mining on your cellphone. Join me!
#miners
Code: NENIK
Search for Rubi in your app store, mining on your cellphone. Join me!
#miners
Code: NENIK
Alguém usa essa plataforma? Não faço ideia de como funciona!
$BTC $HIVE
#miners #Hive
#NFPCryptoImpact
$BTC $HIVE
#miners #Hive
#NFPCryptoImpact
Miners began to sell bitcoins more actively as the rate increased. The number of coins in their wallets fell to the lowest level since July 2021.
Since the beginning of 2024, their reserves have decreased by 8,426 BTC (approximately $530 million), the balance of wallets associated with miners that are monitored by analytical services is 1,812,482 BTC.
On the graph, the yellow line is the balance of miners’ wallets, the black line is the Bitcoin rate.
#Mining #miners #BTC $BTC
Since the beginning of 2024, their reserves have decreased by 8,426 BTC (approximately $530 million), the balance of wallets associated with miners that are monitored by analytical services is 1,812,482 BTC.
On the graph, the yellow line is the balance of miners’ wallets, the black line is the Bitcoin rate.
#Mining #miners #BTC $BTC
🚨 JUST IN: #Bitcoin miner difficulty just hit a new ALL-TIME HIGH 🚀
More miners. More competition. More belief in $BTC
This isn’t just a number—it’s the network screaming:
“We're stronger than ever.”
Last time this happened? We went vertical. 📈
#Miners $ETH #BTCNextATH
More miners. More competition. More belief in $BTC
This isn’t just a number—it’s the network screaming:
“We're stronger than ever.”
Last time this happened? We went vertical. 📈
#Miners $ETH #BTCNextATH
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Colorful 3060 AD OC 2490
Colorful 4060 AD OC 2899
Colorful 4060TI Tomahawk Deluxe 8G 3530
Colorful 4060 ULTRA W OC 8G 2800
Colorful 4090D AD 14400
Colorful 4090D Vulcan 15400
Colorful 4070 Tomahawk Deluxe 4780
Colorful 4070 UTWOC 4980
Colorful 4070 Water God 4860
Colorful 4070 Water God OC 5000
Colorful 4070TI S UTWOC 6850
Colorful 4070TI S Tomahawk Deluxe 6790
Colorful 4080S UTWOC 8650
Price is Chinese RMB valid for this days
Buy best accessories to mine your future profits and wealth!
#七彩虹 #miners #miner $BTC $ETH
#BTC #CryptoTrends
Colorful 4060 AD OC 2899
Colorful 4060TI Tomahawk Deluxe 8G 3530
Colorful 4060 ULTRA W OC 8G 2800
Colorful 4090D AD 14400
Colorful 4090D Vulcan 15400
Colorful 4070 Tomahawk Deluxe 4780
Colorful 4070 UTWOC 4980
Colorful 4070 Water God 4860
Colorful 4070 Water God OC 5000
Colorful 4070TI S UTWOC 6850
Colorful 4070TI S Tomahawk Deluxe 6790
Colorful 4080S UTWOC 8650
Price is Chinese RMB valid for this days
Buy best accessories to mine your future profits and wealth!
#七彩虹 #miners #miner $BTC $ETH
#BTC #CryptoTrends
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⭐️ Attention! Notcoin can already be sold on the premarket!
While the functionality works intermittently, the “Trade” button disappears and then appears again. But trading is already available to all users, and I see many are already selling Notcoin.
Read all the details in the “Details” section.
I'm still watching and not selling anything. But this is already a great deal. And all this without effort and without investment.
🔽 If someone hasn’t flown into Notcoin yet, then the link is in the pinned comment.
Now this is no longer a useless game! Now every click brings money!
If you are in Cart, then it’s simply stupid not to fly into Notcoin. Since you don’t lose anything, it’s all free and without investments, just tap on the screen and mine
#Notcoin #Notcoin. #miners #Mining #notecoin
While the functionality works intermittently, the “Trade” button disappears and then appears again. But trading is already available to all users, and I see many are already selling Notcoin.
Read all the details in the “Details” section.
I'm still watching and not selling anything. But this is already a great deal. And all this without effort and without investment.
🔽 If someone hasn’t flown into Notcoin yet, then the link is in the pinned comment.
Now this is no longer a useless game! Now every click brings money!
If you are in Cart, then it’s simply stupid not to fly into Notcoin. Since you don’t lose anything, it’s all free and without investments, just tap on the screen and mine
#Notcoin #Notcoin. #miners #Mining #notecoin
🚨🚨Bitcoin mining on phon🚨🚨
Bitcoin cloud mining on your phone is more convenient than traditional mobile mining. It lets you rent computing power from a cloud mining provider and earn Bitcoin remotely.
Here’s what you need to know:
How Bitcoin Cloud Mining Works:
1. *Rent computing power*: You rent computing power from a cloud mining provider, usually located in a data center with powerful mining machines.
2. *Mine Bitcoin remotely*: You mine Bitcoin using the rented power, without managing the hardware yourself.
3. *Receive Bitcoin rewards*: You earn Bitcoin rewards based on how much computing power you rented and how well the mining pool performs.
Benefits of Bitcoin Cloud Mining on a Phone:
1. *Convenience*: You can mine Bitcoin anywhere using your phone, without handling hardware.
2. *Low upfront costs*: You don't have to buy expensive mining equipment.
3. *Flexibility*: You can adjust your mining power as needed.
Things to Consider:
1. *Fees*: Cloud mining providers charge fees that can reduce your profits.
2. *Profitability*: How much you earn from cloud mining depends on various factors, including the mining pool's performance, Bitcoin's price, and electricity costs.
3. *Security*: Make sure to use a trustworthy cloud mining provider to avoid scams.
Bitcoin cloud mining on a phone can be a convenient and flexible way to mine Bitcoin, but be aware of the fees.
Always research and pick a reliable cloud mining provider for a better mining experience.
Don’t forget to follow the channel.
Thank you for your time. $BTC
#bitcoin #miningpool #miners #PhoneMining #Cloudmining
Bitcoin cloud mining on your phone is more convenient than traditional mobile mining. It lets you rent computing power from a cloud mining provider and earn Bitcoin remotely.
Here’s what you need to know:
How Bitcoin Cloud Mining Works:
1. *Rent computing power*: You rent computing power from a cloud mining provider, usually located in a data center with powerful mining machines.
2. *Mine Bitcoin remotely*: You mine Bitcoin using the rented power, without managing the hardware yourself.
3. *Receive Bitcoin rewards*: You earn Bitcoin rewards based on how much computing power you rented and how well the mining pool performs.
Benefits of Bitcoin Cloud Mining on a Phone:
1. *Convenience*: You can mine Bitcoin anywhere using your phone, without handling hardware.
2. *Low upfront costs*: You don't have to buy expensive mining equipment.
3. *Flexibility*: You can adjust your mining power as needed.
Things to Consider:
1. *Fees*: Cloud mining providers charge fees that can reduce your profits.
2. *Profitability*: How much you earn from cloud mining depends on various factors, including the mining pool's performance, Bitcoin's price, and electricity costs.
3. *Security*: Make sure to use a trustworthy cloud mining provider to avoid scams.
Bitcoin cloud mining on a phone can be a convenient and flexible way to mine Bitcoin, but be aware of the fees.
Always research and pick a reliable cloud mining provider for a better mining experience.
Don’t forget to follow the channel.
Thank you for your time. $BTC
#bitcoin #miningpool #miners #PhoneMining #Cloudmining
What is Mining Pools ??
#Mining is integral to the security of Proof of Work blockchains. By computing hashes with certain properties, participants are able to secure #cryptocurrency networks without the need for a central authority.
You could be running several high-powered ASICs, and you’d still be just a drop in the #Bitcoin mining ocean. The chances of you actually #mining a block are pretty slim, even though you’ve spent a lot of money on your hardware and the electricity required to run it. You don’t have a guarantee on when you’ll get paid with a block reward, or even if you’ll get paid at all. If consistent revenue is what you’re after, you’ll have much greater luck in a mining pool.
Let’s say that you and nine other participants own 0.1% of the network’s total hashing power each. That means that, on average, you would expect to find one in every thousand blocks. With an estimated 144 blocks mined a day, you’d probably find one block a week. Depending on your cash flow and investment into hardware and electricity, this “solo mining” approach could be a feasible strategy.
What if, if you power is not enough to be profitable? so, However, what if this revenue won’t be enough to turn a profit? Well, you could join forces with the other nine participants we mentioned. If all of you combine your hashing power, you’d have 1% of the network’s hash rate. This means you’d find one in every hundred blocks on average, which works out at one to two blocks a day. Then, you could just split up the reward and share it amongst all the involved #miners
#Mining is integral to the security of Proof of Work blockchains. By computing hashes with certain properties, participants are able to secure #cryptocurrency networks without the need for a central authority.
You could be running several high-powered ASICs, and you’d still be just a drop in the #Bitcoin mining ocean. The chances of you actually #mining a block are pretty slim, even though you’ve spent a lot of money on your hardware and the electricity required to run it. You don’t have a guarantee on when you’ll get paid with a block reward, or even if you’ll get paid at all. If consistent revenue is what you’re after, you’ll have much greater luck in a mining pool.
Let’s say that you and nine other participants own 0.1% of the network’s total hashing power each. That means that, on average, you would expect to find one in every thousand blocks. With an estimated 144 blocks mined a day, you’d probably find one block a week. Depending on your cash flow and investment into hardware and electricity, this “solo mining” approach could be a feasible strategy.
What if, if you power is not enough to be profitable? so, However, what if this revenue won’t be enough to turn a profit? Well, you could join forces with the other nine participants we mentioned. If all of you combine your hashing power, you’d have 1% of the network’s hash rate. This means you’d find one in every hundred blocks on average, which works out at one to two blocks a day. Then, you could just split up the reward and share it amongst all the involved #miners
Russian Bitcoin Miners Generate Over $3 Billion in BTC in 2023: Insights from Industry Experts
#russiacrypto #MiningOpportunity #bitcoin #miners #BinanceSquareFamily
Introduction
Bitcoin (BTC) miners operating in Russia have reportedly mined billions of dollars worth of the leading cryptocurrency last year. A recent report from Izvestia has highlighted the significant contributions of Russian miners to the global Bitcoin ecosystem, showcasing their robust activities in 2023.
## Contents
1. Massive Bitcoin Production Figures
2. Tax Revenue Boost for the Russian Government
3. Future Prospects for Crypto Regulations
1. Massive Bitcoin Production Figures
According to Sergey Bezdelov, the director of the Russian Industrial Mining Association, at the recent Eastern Economic Forum, approximately 54,000 Bitcoin, valued at over $3 billion, were mined within Russia's borders in 2023. This substantial figure underscores Russia's growing prominence in the global Bitcoin mining landscape.
2. Tax Revenue Boost for the Russian Government
The Bitcoin mining operations in Russia have also generated an additional 50 billion rubles, equivalent to $552 million, in tax revenue for the Russian government, as noted by Bezdelov. This influx of revenue highlights the financial benefits that cryptocurrency mining can provide to national economies, especially in the context of evolving digital asset regulations.
3. Future Prospects for Crypto Regulations
Bezdelov expressed optimism about the recent establishment of new crypto regulations that officially permit Bitcoin and digital asset mining. Signed into law by President Vladimir Putin last month, these regulations are expected to attract more investments in mining activities. Bezdelov stated, “New investors will come,” indicating a positive outlook for the future of cryptocurrency mining in Russia.
Additionally, a report from April 2023 by Russian news outlet Kommersant revealed that Russia has emerged as the second-largest Bitcoin miner globally for the first time, while the United States retains its position as the largest. Russia's advancements in cryptocurrency adoption extend beyond mining.
Recently, Bloomberg reported that the Russian government aims to utilize digital tokens for cross-border transactions to alleviate payment difficulties faced by companies affected by international sanctions. Sources familiar with the matter indicated that Russia plans to leverage the National Payment Card System (NSPK) to facilitate trading rubles and crypto assets during testing phases of payments and exchanges.
Moreover, in August, Reuters reported that Russian lawmakers passed legislation enabling the use of cryptocurrency in international trade, with the expectation that these measures will take effect this month.
Conclusion and Final Thoughts
The activities of Russian Bitcoin miners, who generated over $3 billion in BTC in 2023, reflect the country's growing significance in the global cryptocurrency arena. With substantial tax revenue contributions and positive regulatory developments, the future of cryptocurrency mining and adoption in Russia appears promising. As the nation continues to advance in digital asset strategies, it may play an increasingly vital role in the evolving landscape of global cryptocurrency markets.
Introduction
Bitcoin (BTC) miners operating in Russia have reportedly mined billions of dollars worth of the leading cryptocurrency last year. A recent report from Izvestia has highlighted the significant contributions of Russian miners to the global Bitcoin ecosystem, showcasing their robust activities in 2023.
## Contents
1. Massive Bitcoin Production Figures
2. Tax Revenue Boost for the Russian Government
3. Future Prospects for Crypto Regulations
1. Massive Bitcoin Production Figures
According to Sergey Bezdelov, the director of the Russian Industrial Mining Association, at the recent Eastern Economic Forum, approximately 54,000 Bitcoin, valued at over $3 billion, were mined within Russia's borders in 2023. This substantial figure underscores Russia's growing prominence in the global Bitcoin mining landscape.
2. Tax Revenue Boost for the Russian Government
The Bitcoin mining operations in Russia have also generated an additional 50 billion rubles, equivalent to $552 million, in tax revenue for the Russian government, as noted by Bezdelov. This influx of revenue highlights the financial benefits that cryptocurrency mining can provide to national economies, especially in the context of evolving digital asset regulations.
3. Future Prospects for Crypto Regulations
Bezdelov expressed optimism about the recent establishment of new crypto regulations that officially permit Bitcoin and digital asset mining. Signed into law by President Vladimir Putin last month, these regulations are expected to attract more investments in mining activities. Bezdelov stated, “New investors will come,” indicating a positive outlook for the future of cryptocurrency mining in Russia.
Additionally, a report from April 2023 by Russian news outlet Kommersant revealed that Russia has emerged as the second-largest Bitcoin miner globally for the first time, while the United States retains its position as the largest. Russia's advancements in cryptocurrency adoption extend beyond mining.
Recently, Bloomberg reported that the Russian government aims to utilize digital tokens for cross-border transactions to alleviate payment difficulties faced by companies affected by international sanctions. Sources familiar with the matter indicated that Russia plans to leverage the National Payment Card System (NSPK) to facilitate trading rubles and crypto assets during testing phases of payments and exchanges.
Moreover, in August, Reuters reported that Russian lawmakers passed legislation enabling the use of cryptocurrency in international trade, with the expectation that these measures will take effect this month.
Conclusion and Final Thoughts
The activities of Russian Bitcoin miners, who generated over $3 billion in BTC in 2023, reflect the country's growing significance in the global cryptocurrency arena. With substantial tax revenue contributions and positive regulatory developments, the future of cryptocurrency mining and adoption in Russia appears promising. As the nation continues to advance in digital asset strategies, it may play an increasingly vital role in the evolving landscape of global cryptocurrency markets.
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