","button_title":"Play-to-Earn Game List","span_one":"No obligations","span_two":"Free to use"}},"header":{"homepage":"Homepage","Game Reviews":"Game Reviews","Game List":"Game List","Developers":"Developers","Developer List":"Developer List","Gaming News":"Gaming News","search":"Search","local":"en","Popular P2E Developers":"Popular P2E Developers","Play To Earn Games":"Play To Earn Games","P2E Games":"P2E Games","Crypto Games":"Crypto Games","Web3 Games":"Web3 Games"},"meta":{"title":"Games to Earn, Blockchain, NFT, P2E Games List","description":"Play hundreds of games! Games to Earn, P2E, Blockchain, NFT, Crypto, Web3 Games. Read game reviews and start playing right away. Play now!","ogType":"article","keywords":"NFT Games, Crypto Games, Earning Games, Earning Games, Blockchain Games, P2E Games"}}},"initialLocale":"en","ns":["news_letter","singleNews","singleGame","footer","common","header","meta"],"userConfig":{"i18n":{"locales":["en","hi","fr","es","de","pt","nl","tr"],"localeDetection":false,"defaultLocale":"en","domains":[{"domain":"playtoearngames.com","defaultLocale":"en"},{"domain":"hi.playtoearngames.com","defaultLocale":"hi","locales":["hi-IN"]},{"domain":"fr.playtoearngames.com","defaultLocale":"fr","locales":["fr-BE","fr-CA"]},{"domain":"es.playtoearngames.com","defaultLocale":"es","locales":["es-GT","es-MX"]},{"domain":"pt.playtoearngames.com","defaultLocale":"pt","locales":["pt-BR"]},{"domain":"de.playtoearngames.com","defaultLocale":"de","locales":["de","de-DE","de-AT","de-CH"]},{"domain":"nl.playtoearngames.com","defaultLocale":"nl","locales":["nl-BE"]},{"domain":"tr.playtoearngames.com","defaultLocale":"tr"}]},"trailingSlash":true,"default":{"i18n":{"locales":["en","hi","fr","es","de","pt","nl","tr"],"localeDetection":false,"defaultLocale":"en","domains":[{"domain":"playtoearngames.com","defaultLocale":"en"},{"domain":"hi.playtoearngames.com","defaultLocale":"hi","locales":["hi-IN"]},{"domain":"fr.playtoearngames.com","defaultLocale":"fr","locales":["fr-BE","fr-CA"]},{"domain":"es.playtoearngames.com","defaultLocale":"es","locales":["es-GT","es-MX"]},{"domain":"pt.playtoearngames.com","defaultLocale":"pt","locales":["pt-BR"]},{"domain":"de.playtoearngames.com","defaultLocale":"de","locales":["de","de-DE","de-AT","de-CH"]},{"domain":"nl.playtoearngames.com","defaultLocale":"nl","locales":["nl-BE"]},{"domain":"tr.playtoearngames.com","defaultLocale":"tr"}]},"trailingSlash":true}}}}Bitcoin Mining Performance Increases by 19% in June for Riot Platforms - Play to Earn Games News
Bitcoin Mining Performance Increases by 19% in June for Riot Platforms
Play To Earn Games | 03 Jul 2024 23:54 UTC
The Ever-Evolving Arena of Bitcoin Mining: A June Overview
The world of Bitcoin mining is never static, with June bringing its fair share of ups and downs for key industry players. This month witnessed Riot Platforms achieving remarkable progress, while Marathon Digital encountered some bumps along the road.
Remarkable Growth for Riot Platforms
In an impressive feat, Riot Platforms mined an astounding 19% more Bitcoin in June compared to May, totaling 255 BTC. This performance leap is especially noteworthy, considering they mined 215 BTC the previous month. Even though this figure was lower than the previous year's due to the Bitcoin halving event in April, the progress made is undeniable.
Not stopping at their mining achievements, Riot also exceeded their power usage expectations. The company achieved a smashing 22.0 exahash per second (EH/s) in deployed hash rate, surpassing the planned 21.4 EH/s. Coupled with an impressive $6.2 million in power credits from the Texas power grid, Riot is firmly on its path toward a 31 EH/s self-mining hash rate target by year's end.
Marathon Digital Faces Challenges
On the other front, Marathon Digital saw a slight decline in their Bitcoin mining output, with a 4% decrease from the previous month. Mining 590 BTC in June, down from 616 BTC, signals a minor setback. However, Marathon is not one to back down easily. With a focus on enhancing operations through the latest machines and cooling systems, the company is working hard to meet its ambitious 50 EH/s hash rate target by the end of the year. What's more, its Slipstream technology has been pivotal in processing high-fee transactions, significantly boosting its earnings amidst challenges.
Industry Dynamics
Looking at the bigger picture, the Bitcoin mining sector at large shows a trend of growth despite individual setbacks. Companies like Bitfarms and CleanSpark reported increases in Bitcoin production, signaling strength and resilience in the industry. Bitdeer, though facing a minor 2.7% decline in their Bitcoin mining output, remains committed to reaching an 11.8 EH/s hash rate by the end of the year, with plans to further boost its capabilities through additional processors.
The journey through June 2024 for the Bitcoin mining industry showcases the resilience and strategic adaptability of key firms. This period not only highlighted the strengths and challenges faced by individual companies but also shed light on the ever-dynamic nature of the cryptocurrency mining landscape.
The events of June are a testament to the fact that in the world of Bitcoin mining, progress and challenges go hand in hand. As companies strive to overcome obstacles and make their mark, the industry continues to evolve, promising an intriguing future for enthusiasts and investors alike.
In summary, June was a month of notable achievements and hurdles for Bitcoin mining firms. Riot Platforms' significant growth and Marathon Digital's minor setbacks paint a picture of an industry that is both challenging and rewarding. As we move forward, the commitment of these companies to overcome obstacles and achieve ambitious targets sets the stage for an exciting evolution in the world of cryptocurrency mining.
A Glimpse into the Future: How Technology is Redefining Human Potential
There's an electrifying movement underway, one that leverages the breathtaking advances in technology to push the boundaries of what it means to be human This isn't about the science fiction landscapes we've often dreamed about; it's about the tangible, rapid advancements happening right before our eyes The essence of transhumanism, a term that might sound complex, is quite straightforward – it revolves around enhancing human physical and cognitive abilities through cutting-edge technology, notably Artificial Intelligence (AI)
Picture a world where illnesses that currently perplex our top scientists are easily managed or entirely eradicated Imagine a society where human capabilities are augmented through cybernetics, propelling us into realms of productivity and creativity we've only fantasized about...
Unveiling the Revolution: The Pi Network Phenomenon
Imagine a world where mining cryptocurrency is as simple as tapping on your smartphone screen, devoid of the complex rigs and the astronomical energy bills This vision is swiftly becoming reality thanks to the astronomical rise of Pi Network, a platform that's challenging the norms of cryptocurrency mining and security Having attracted a staggering 60 million users before its public debut, Pi Network is on the brink of transforming the digital currency world as we know it
What is Pi Network
At its core, Pi Network represents a leap towards making cryptocurrency accessible to everyone...
The Skyrocketing Growth of the Crypto Industry in the Second Quarter of 2024
The world of cryptocurrency has just witnessed a remarkable surge in popularity and engagement, with an astonishing 40% increase in unique active wallets (UAW) being created during the second quarter of 2024 compared to the same timeframe last year Data from DappRadar throws light on this exponential growth, revealing that more than 10 million UAWs came to life between April and June alone This notable rise didn't just happen out of the blue; every sector within the industry has been onboarding more users, proving that the fascination with crypto is more robust than ever
The Front-Runners of Growth: SocialFi's Ascendancy
The eruption of growth witnessed within the SocialFi sphere underscores a burgeoning trend towards decentralized social platforms In contrast to the conventional social media behemoths, these decentralized platforms offer their users an elevated level of control and privacy...