#Cleanspark crypto mining software#

And it's not just miners that he's eyeing. Texas Governor Greg Abbott has made attracting more Bitcoin companies a major part of his reelection campaign.

The move into Texas makes it one of a growing number of crypto mining businesses to set up operations in the state. The company also maintains two mining facilities in Georgia and is co-located at the Coinmint facility-formerly an Alcoa aluminum smelter-in Massena, New York. 'This hybrid approach helps us ensure that we always have rackspace ready to deploy new machines when they are delivered to us by the manufacturers.' We continue to build more capacity at our own Bitcoin mining facilities while we partner with colocation service providers,' said CleanSpark CEO Zach Bradford. 'This move is in keeping with our strategy of focusing on infrastructure first. So, though CleanSpark's expansion does represent a ten-fold increase in its capacity since February, it only makes up a portion of the entire Bitcoin network's mining activity. The total hashrate for the entire Bitcoin network, for example, is currently 203.9 million TH/s (or 203.9 EH/s). The expansion into Texas, which includes adding 20,000 Bitmain S19 mining rigs to its 22,000 miners, will eventually bring CleanSpark's mining capacity to 20 exahash per second (EH/s) or 20 million terahash per second (TH/s).ĮH/s is used to measure how much computational power is used within a blockchain network. The agreement includes the option to add another 300 MW, but there are no exact dates for when this power will be deployed. Crypto mining firm CleanSpark announced the purchase of more than 1,000 Bitcoin (BTC miners amid the market downturn, reporting a substantially discounted price compared to that earlier in 2022.In a Thursday blog spot, CleanSpark said. Kazakhstan Police Shut Down Another Crypto Farm Amid Ongoing Crackdown on Mining Mining Bitcoin News. Bitcoin Mining Startup Primeblock to Go Public via SPAC Merger as SEC Targets SPAC Deals Mining Bitcoin News. The mining company, which trades on Nasdaq under the CLSK ticker, expects to have 50 MW of its Texas expansion operational by the end of this year and another 150 MW up and running by spring of 2023. We are seeing unprecedented opportunities in this market, said CleanSpark president and CEO Zach Bradford. Northern Data’s Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds 168M in Crypto Assets Mining Bitcoin News.

#Cleanspark crypto mining software#

“These rewards could help to attract more LPs to seed their liquidity to Optimism pools, thus expanding the Layer 2 network’s decentralised finance footprint,” The Block reported.CleanSpark, a Nevada-based software and Bitcoin mining company, is adding up to 500 megawatts (MW) of mining power to its operations through an agreement with Texas energy company Lancium. The number has been planned to increase over time, the announcement said.Īccording to the proposal, the grant will help incentivise Optimism liquidity via Curve-based emissions. Three synthetic type tokens are available, including sUSD, sETH, and sBTC, which are the only three gauged Curve pools available on Optimism currently that will receive the weekly 50,000 OP tokens emissions. These pools are decided by a weekly on-chain DAO vote on Curve,” The Block reported. Gauged pools on Curve receive token emissions on a weekly basis. “These tokens will serve as incentives to liquidity providers (LPs) on gauged Curve pools on Optimism. The statement means that 50,000 OP tokens will be distributed per week to Curve pools if it passes. The Block reported that the grant proposal states currently 1 million OP tokens worth $850,000 will be distributed over 20 weeks on Curve.

While Optimism is an Ethereum Layer 2 protocol, Curve is the top liquidity pool for token swaps. On Curve pools in Optimism, the average is at $3.4 million in weekly trading volume. Curve’s total Optimism value currently stands at $17.4 million.