Wu said-TSE weekly mining information 1024-1030

1.

Canaan has released two Avalon Made A13 series ASIC Bitcoin miners, namely A1366 and A1346. Among them, A1366 has a computing power of 130T and an energy efficiency ratio of 25J/T; A1346 has a computing power of 110T and an energy efficiency ratio of 30J/T.

2.

Sidney Powell, CEO of Maple Finance, said that since Maple and credit agency Icebreaker launched a $300 million mining financing pool, 6 to 10 crypto mining companies have become its first borrowers, and another 25 are on the waiting list. The loan interest rate provided by Maple will be around 18%-20%, and the loan is provided on a "full recourse" basis, and mining companies need to use their mining equipment, power equipment, etc. as collateral. Powell also said that Maple has received the first batch of investment commitments of $10 million to $12 million, and he expects the pool to reach the upper limit of $300 million around the middle of next year. In addition to Maple, Binance Mining Pool and BitDeer, owned by Jihan Wu, have also launched mining funds of $500 million and $250 million, respectively, to provide loan services to mining companies or complete the acquisition of non-performing assets. (CoinDesk)

3.

Luxor announced a new model to predict the downward resistance of Bitcoin mining machine hashrate price. In 2022, the strongest resistance is in the range of $12,000-18,000; in 2023, the strongest resistance is in the range of $14,000-24,000.

4.

Core Scientific, one of the world's largest bitcoin miners, said it expects its existing cash resources to run out by the end of this year, or possibly even earlier. If financing alternatives fail, the company may have to file for bankruptcy protection. Core Scientific sold its bitcoins in the second quarter for $167 million, and its holdings fell by 75%. (CoinDesk)

5.

Shares of Core Scientific, a leading U.S. bitcoin miner, continued to plummet on Friday, falling about 80% in the past five days. The company has previously said it may have to file for bankruptcy protection if financing alternatives fail. Core Scientific currently owes about $1 billion to a range of creditors including BlockFi. (The Block)

6.

On October 17, an unknown miner successfully mastered most of the hashing power of the BitcoinSV (Bitcoin Satoshi's Vision) chain, capturing more than 80% of the hashing power. Today, the unknown miner's hashing power controls about 54% of BitcoinSV's hashing power. In the past 7 days, the unknown miner controlled 64% of the hashing power. The miner controlled the project by mining empty blocks, which sometimes made the chain unavailable.

According to previous reports, the Swiss non-profit organization The Bitcoin Association asked cryptocurrency exchanges and miners to stop BSV miners from packing empty blocks. The Bitcoin Association said that the miner's address is 1KPSTuJMCMRXrTWHfCwpiRZg1ALbJzh844, and his continuous packing of empty blocks has put pressure on the network. Some BSV community members said that miners have the right to pack empty blocks, and they do so only because the rewards from the block subsidy itself are sufficient. (Bitcoin.com)

7.

Bitcoin mining company Cleanspark announced that the company's hash rate has now exceeded 5 EH/s, more than two months ahead of the company's original year-end target. In addition, Cleanspark also stated that the current goal is to exceed 5.5 EH/s by the end of the year by increasing the miner's hash rate target by 10%.

8.

Argentina’s National Tax Agency (AFIP) has released a statement saying it has discovered another crypto mining site that failed to properly declare its business activities, with the site having enough equipment to earn $100,000 per year.

As previously reported, on October 21, the Argentine National Tax Agency (AFIP) dismantled an undeclared cryptocurrency mining farm in a “large operation” and arrested 40 people.

9.

Crypto mining company Lanium Inc. and Crusoe Energy today announced an agreement that will see the two parties cross-use their respective patented technologies, with Crusoe’s infrastructure able to reduce the costs and environmental impact of the digital economy.

Under the terms of the agreement, Lancium will use its patented intellectual property directly in the operation of scalable data centers, providing it to Crusoe as controlled load resources (CLRs). By flexibly controlling the power consumption of large-scale data centers, tenants can benefit from lower electricity prices, while also providing grid operators with a powerful tool to maintain grid stability. (Businesswire)

10.

Developers of the decentralized storage project Filecoin have launched a content delivery network called Saturn. The goal is to help the network meet the content bandwidth of decentralized applications and reduce the cost of running Filecoin nodes. Saturn will help retrieve content for decentralized storage applications. (The block)