Bitcoin mining has seen exponential growth since the first ASIC miner was shipped in 2013, improving hardware efficiency from 1,200 J/TH to just 15 J/TH. While these advancements were driven by better chip technology, we’re now reaching the limits of silicon-based semiconductors. As further efficiency gains plateau, the focus must shift to optimizing other aspects of mining operations—particularly the power setup.

Three-phase power has emerged as a superior alternative to single-phase power in bitcoin mining. With more ASICs being designed for three-phase voltage input, future mining infrastructure should consider adopting a uniform 480v three-phase system, especially given its…

Read more on BitcoinMagazine

Bitcoin is expected to reach new all-time highs by the end of 2024, according to Geoff Kendrick, Standard Chartered’s head of forex and digital assets research. He forecasts Bitcoin hitting $125,000 if Donald Trump wins the U.S. presidential election and $75,000 if Kamala Harris is elected. Kendrick notes that Bitcoin’s price is less dependent on election outcomes than in previous cycles, with strong fundamentals driving its growth.

Kendrick highlights regulatory progress, including the potential repeal of SAB 121, which restricts banks’ digital asset holdings, as a key driver for Bitcoin’s price. These changes are expected to continue in 2025, regardless of the election results. In addition, positive trends in U.S. Treasury markets are creating momentum for Bitcoin’s long-term growth.

Although Trump’s victory is seen as more favorable for crypto, a Harris win may initially trigger a price dip. However, Kendrick believes other factors, including regulatory progress and market resilience, will keep Bitcoin on a bullish trajectory.

CleanSpark Inc., a leading Bitcoin mining firm, has acquired seven new mining facilities and associated land in Knoxville, Tennessee, investing $27.5 million. The acquisition enhances CleanSpark’s infrastructure and aligns with its strategy to acquire premium assets at competitive prices. This move will bolster the company’s operational capacity with an additional 85 MW across the sites, varying between 10 MW and 20 MW each.

The company is set to increase its operating hashrate by over 22% as it integrates the latest generation S21 pro miners, projecting a total of 5 exahashes per second. With the recent energization of their Dalton 4 campus and the anticipated deployment of new miners, CleanSpark expects to reach an impressive 37 EH/s by year-end.

CEO Zach Bradford highlighted the strategic expansion into Tennessee, citing its favorable political and energy environment akin to Georgia, where CleanSpark has heavily invested. He emphasized the benefits to local communities and the power grid, continuing their community-focused approach to sustainable growth in Bitcoin mining.

Source

The UK Parliament has launched a groundbreaking move by passing the Property (Digital Assets etc) Bill, officially recognizing Bitcoin, cryptocurrencies, and other digital assets as personal property. This pioneering legislation positions Britain at the forefront of the global crypto race, according to Justice Minister Heidi Alexander. The bill extends legal protections to owners of digital assets, safeguarding against fraud and theft and offering clear resolutions in property disputes involving digital holdings.

Justice Minister Heidi Alexander emphasized the necessity of adapting legal frameworks to keep up with technological advancements. “This legislation ensures our legal sector remains a powerhouse, driving economic growth and securing Britain’s status in the international legal arena,” she stated. The new law fills a significant void by providing legal clarity previously absent in English and Welsh property law, which left digital asset owners vulnerable.

By categorizing digital assets as a distinct property class, the UK not only enhances legal protections for its citizens but also sets a precedent for legal innovation in the digital age. This move is expected to attract further business and investments, bolstering Britain’s leadership in the global legal services industry.

Source