GigaWatts On GigaWatts

Published: Wed, 06/07/23

June 7, 2023
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What experts are saying about energy markets this summer

 

Energy is everything for Bitcoin miners. And as the summer months set in, demand for energy peaks across North America–now home to some +30% of Bitcoin’s hashrate.


As such, let’s take a look at what government energy departments and energy experts are expecting over the next few weeks, focusing on capacity, generation and mining activity in Texas.

Click here to continue reading.

Mining News Feed

SEC / Marathon appoints Salman Khan as new CFO

 

The Block  / Tether invests in startup that's building a bitcoin mine in El Salvador

 

CoinDesk  /Bitcoin Rallies Above $27K as Crypto Market Shrugs Off SEC Lawsuits Against Binance, Coinbase

Today we are joined by Sebastien Hess, co-founder of Block Green, a protocol for selling hashrate. We discuss how miner’s sell hashrate, who is buying hashrate and how Block Green thinks of energy.

Watch on YouTube here.

Chart of the Week

According to @mononautical from Mempool, a Bitcoin buyer is actively shuffling UTXOs from Binance and OKX to pan for 'rare satoshis,' also known as uncommon sats. Ordinal Inscribers often use rare sats to inscribe images or other data on.

Source: Mempool

 

Mining Stock Snapshot

*As of June7th.

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