Mining Highlights 10/26/2021
Some BTC miners aren’t as worried about phasing out fossil fuels
Ameren deployed a BTC mining data center at a coal power plant
The $1 million, half-megawatt data center was installed and deployed in April but was not publicly announced. Over the past 7 months, they mined 20 BTC and is now reportedly yielding one BTC every other week. The company intends on holding the mined coins.
View full article by Sebastian Moss
Ameren Missouri ranks as the largest electric power provider in Missouri, and Ameren Illinois ranks as Illinois' third largest natural gas distribution operation in total number of customers. -Ameren website
Marathon Digital Holdings signed a deal with Beowulf Energy for mining center at a coal power plant in October 2020
Marathon Digital Holdings (formerly Marathon Patent Group) signed a deal a year ago to build a mining center at a struggling coal power plant in Montana. Original plans expected to have a total of 33,560 ASIC miners with up to 3.56 exahash/second (EH/s), by September 2021. As of Oct 1, 2021, Marathon has 25,272 active miners producing around 2.7 EH/s. This isn’t too far behind their original projections, especially when you consider the additional issues presented by Chinas crypto/crypto mining bans.
Hashrate projection from late 2020
Updated projections from October 2021
Miner Installations and Hash Rate Growth
As of October 1, 2021, Bitmain has delivered approximately 26,960 top-tier ASIC miners to the Company’s mining facility in Hardin, MT. In September, global logistics issues began to impact shipments, elongate delivery times, and affect the original deployment schedule of miners. While deliveries of miners may continue to fluctuate in the near-term, based on current estimates, the Company still anticipates all previously purchased miners to be delivered by mid-2022. At that time, the Company’s mining fleet is expected to consist of approximately 133,000 miners, generating approximately 13.3 EH/s.View full press release on Marathon
Data shows that many of USA’s bitcoin miners are based in New York and Texas
Within the U.S., 19.9% of bitcoin’s hashrate is in New York, 18.7% in Kentucky, 17.3% in Georgia, and Texas accounts for 14%, according to Foundry USA.
*These numbers are from the Foundry dataset which doesn’t account for all of the US mining hashrate, only those that enlist the services of their mining pool.
View full article by MacKenzie Sigalos
