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 1. 
 Bitmain has announced the newest models of the S21 Antminer, the S21 HYD hashrate 335T with an efficiency ratio of 16J/T and the S21 hashrate 200T with an efficiency ratio of 17.5J/T. Bitmain says the maximum ambient temperature that the S21 can accept is 45 degrees. The new Antminer S21 has a minimum price of $14/T when pre-ordered by Oct. 7, and a provisional price of $19.6/T when pre-ordered after Oct. 8; deliveries will be made in the first to second quarters of 2024, with about 200P delivered each month; minimum pre-order is 1,200P; the final 20%/10% payment can be made within 360 days of delivery, and can be paid with BTC. Payment. 
 2. 
 Canaan released the new immersion liquid-cooled miner A1466I in Singapore, with a hashrate of 170 T, an energy efficiency ratio of 19.5 J/T, and a price of less than $18.88/T. It is the first miner in Canaan’s name with an energy efficiency ratio of less than 20 J/T. The A1466 boasts a hashrate of 150 T, an energy efficiency ratio of 21.5 J/T, and a price of less than $18.88/T. The air-cooled A1466 has a hashrate of 150 T and an efficiency ratio of 21.5 J/T. It is the first miner from Kanaan with an efficiency ratio below 20 J/T. 
 3. 
 WhatsMiner will unveil details of the M60’s latest Bitcoin miner offering at its October 24th blockchain event in Dubai, with an energy efficiency ratio of less than 20J/T. 
 4. 
 Bitfarms announced that they mined 383 BTC in August 2023, of which 323 were sold for total proceeds of $9 million. In Paraguay, Bitfarms bought 1,920 MicroBT M53S+ hydro-cooling miners and planned to construct a 50 MW substation.Purchased 900 M50 118 TH Miners for $13/Th for deployment in Quebec and Argentina with cash. 
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 5. 
 CleanSpark produced 659 bitcoins in August and 4,729 bitcoins so far in 2023, selling 43 bitcoins in August at an average price of $28,000 for a gain of $1.2 million. As of August 31, CleanSpark held 1,677 bitcoins. Currently, there are 88,217 bitcoin miners deployed, with a hashrate of 9.3 EH/s. 
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 6. 
 Marathon produced 1,072 bitcoin in August, which is a 9% decrease from last month. The decrease in bitcoin production from July was largely due to increased curtailment activity in Texas due to record high temperatures. As of August 31, Marathon holds a total of 13,286 BTC, of which 13,111 BTC are unrestricted. 
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 7. 
 Bitdeer mined 383 bitcoins through its self-mining business in August, marking annual and monthly increases of 124.0% and 74.1%, respectively. Proprietary hash rate as of August 31, 2023 increased by approximately 0.8 EH/s from 7.9 EH/s as of July 31 2023, primarily attributable to the arrival of approximately 7,000 additional mining machines at the Company’s Gedu mining datacenter in Bhutan. The Company generally does not hold cryptocurrencies obtained through its self-mining business, and promptly converts them into fiat currency. 
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 8. 
 Texas mining firm Riot Platforms reported record revenue of $31.7 million from electricity credits during August. Bitcoin miners often pre-purchase electricity to ensure low-cost prices and can profit significantly during heat waves by selling power back to the grid. The power sold was equivalent to about 1,136 bitcoins. Riot Platforms produced 333 bitcoins in the same month.（Bloomberg） 
 9. 
 A joint paper by the International Monetary Fund and the Financial Stability Board warns that simply banning cryptocurrencies will not eliminate their risks. Imposing blanket bans that make all crypto activities–including trading and mining–illegal in one jurisdiction is not only expensive and technically challenging, but “could also lead to activity migrating to other jurisdictions, creating spillover risks,” according to the report. While they could facilitate a wide range of transactions, the report said stablecoins may have distinct risks that come with maintaining a stable value, and dependency on private issuers.（CoinDesk） 
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 10. 
 Marathon Digital, a bitcoin mining company, announced that it has entered into a privately-negotiated exchange agreement with certain holders of its 1.00% Convertible Senior Notes due 2026, exchanging the notes, in the aggregate principal amount of approximately $417.0 million, for an aggregate of approximately 26.2 million newly issued shares of Marathon common stock. Cash payments will also be made to investors to cover accrued and unpaid interest on the exchanged notes. Upon completion of the exchange, approximately $331 million in aggregate principal amount of the notes will remain outstanding. 
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 11. 
 Bitcoin mining production was reduced by more than 90 percent this week due to the intensifying power crisis, with all industrial-sized bitcoin miners in Texas shutting down their machines during emergencies, according to Lee Bratcher, chairman of the Texas Blockchain Council. Some miners have been able to mitigate the impact of the power restrictions by locking in low prices through long-term power contracts or participating in demand and response programs offered by the Electric Reliability Council of Texas. 
 12. 
 The President of Uzbekistan has signed amendments to legislation, which include crypto mining licenses. The statement said that additions and changes are being made to the law to create new types and subtypes of licensed activities (crypto exchanges, mining pools, cryptocurrency storage and mining activities). The National Agency for Prospective Projects (NAPP) will be responsible for licenses related to crypto activities. Upon obtaining a license, legal entities will have to pay taxes. Unauthorized crypto service providers will face a fine of 300 BRV (approximately $8,150). Unauthorized mining activities will face a fine of 150 BRV (approximately $4,075). 
 13. 
 Shareholders of Canadian digital asset miner Hut 8 Corp. have voted in favor of a business reorganization with USBTC (U.S. Data Mining Group, Inc. dba US Bitcoin Co). Under the deal, Hut 8 and USBTC will undergo an all-stock merger, and the combined company will be named “Hut 8 Corp.” and become a U.S. corporation. The new Hu t plans to list its shares on Nasdaq and TSX after the deal closes. 
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 14. 
 According to mempool, an unusual Bitcoin block fee was created on September 11th, when a user paid around 1,982,108,632 sat (worth around $510,000) in miner fees for the transfer of 0.074 BTC at 01:10 on September 11th, which is the largest transaction fee paid in US dollars to date. f2pool co-founder Wang Chun said that the approximately 20 BTC will be temporarily put on hold and redistributed if no one collects them. Wang Chun said that the 20 BTC will be put on hold and redistributed to miners if no one claims them after three days. 
 The account that overpaid $500,000 in fees on Sept. 10 for a Bitcoin transfer belonged to Paxos, according to a Sept. 13 statement from the company. Paxos claimed that end users have not been affected and all user funds are safe.. A Paxos representative said that PayPal was not responsible, as the error was its own. The block that contained the transaction was confirmed by Bitcoin mining pool F2Pool.（Cointelegraph） 
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 15. 
 Canadian digital asset miner Hut 8 has announced its mining and operations for the month of August&nbsp;, 2023 with 103 bitcoins mined and no bitcoins sold in August. As of August 31, Hut 8 had a total balance of 9,255 bitcoins in reserve, of which 7,158 were unused. 
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 16. 
 Crypto mining providers Celsius and Core Scientific (CORZ) have reached a tentative $45 million deal to resolve a long-standing legal dispute. The deal, which involves Celsius paying $14 million in cash and the remainder in adjusted claims. Celsius had previously filed claims of $312 million after Core powered down Celsius mining rigs in January, citing unpaid dues, and had previously filed motions saying Core should be held in contempt of court.（CoinDesk） 
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 17. 
 Tether CTO Paolo Ardoino tweeted that it has initiated testing of the bitcoin mining platform Moria with the first miners Container. Currently, all PDU (Power Distribution Unit) management and interaction with miners (setting frequency, power, etc.) is completely controlled by software, and all authoring actions require multi-signature approval. Previously, its development team wrote the core architecture of the Moria mine orchestration tool, which is based on Holepunch technology. 
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 18. 
 Coinbase released a blog post stating that it has discovered that a single mining pool, ViaBTC, controls more than 51% of Zcash’s network hash power, and as a precautionary measure has increased Zcash’s confirmation requirements to 110 blocks to reduce the risk of double-flush attacks or fraudulent transactions. This increased the deposit time from about 40 minutes to about 2.5 hours. It has also moved the Zcash market to a limit state to minimize the impact of any volatility. Discussions were held with Electric Coin Company and ViaBTC, the teams behind Zcash, to advise on options that either party could implement to reduce the risk of a 51% attack. 
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 19. 
 Tether Group spent some $420 million on 10,000 H100 GPUs in an unusual deal that will see it gain a 20% stake in a controversial German-listed bitcoin miner Northern Data who plans to rent the chips to AI startups. Northern Data isn’t the first bitcoin miner to look to the AI boom for new sources of revenue. Previously miners such as Hive, Crusoe and Hut 8 rented out some of their chips on an hourly basis to startups that had a need for them after Ether switched to POS. 
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 20. 
 Bitmain will supply Core Scientific with 27,000 Bitmain S19J XP 151 TH bitcoin mining servers in exchange for $23.1 million in cash and $53.9 million in Core Scientific common stock at a per share value. Bitmain has also signed a new hosting agreement with Core Scientific to support Bitmain’s mining operations. 
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 21. 
 According to Peak Mining, a subsidiary of Northern Data Group, the company has signed a contract with bitcoin mining rig manufacturer Microbt worth $150 million. This agreement will equip Peak Mining with 7 exahash per second (EH/s) of the latest next-generation BTC mining devices. The acquisition includes the Whatsminer M53S+, M53S++, M50S+ and M50S++ models. The first shipment of these liquid-cooled Microbt miners is expected in October 2023, with installation set for North Dakota. 
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 22. 
 As of August 31, 2023, three institutional investors have increased their stakes in shares of crypto mining provider Bitdeer (NASDAQ:BTDR), including BlackRock, First Trust Advisors L.P. and Credit Suisse Asset Management.) BlackRock, the world’s largest asset manager, owns a total of 99,810 shares of BTDR stock, which is included in several of BlackRock’s ETFs. 
 23. 
 Lumerin’s new marketplace will offer a decentralized platform for trading Bitcoin mining hashpower via smart contracts on Arbitrum. Lumerin’s new platform, officially launching on Sept. 26, is designed to iron out the “peaks-and-valleys” in Bitcoin mining operations. The platform aims to democratize Bitcoin mining, allowing users to buy, sell and trade hashpower without needing their own mining hardware.（The Block） 
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 24. 
 Venezuelan authorities found weapons of war, a makeshift Bitcoin mining farm in a raid completed on a national jail. 11,000 military and police officers participated in this action. In a video detailing the aftermath of the raid, where an officer died in the line of duty. During the raid, the authorities found weapons of war, including rocket launchers, grenades, rifles, ammunition, and even C4 mines. The former head of Venezuela’s cryptocurrency authority has been arrested for his alleged involvement in a corrupt scheme worth more than $20 billion involving the sale of oil in exchange for cryptocurrencies.（bitcoin.com） 
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 25. 
 Bitcoin miner Marathon Digital mined an invalid block at height 809478 on the Bitcoin mainnet due to a transaction ordering issue. The rest of the Bitcoin network rejected the invalid block as it was trying to spend funds from a transaction that hadn’t been processed yet. Valid Bitcoin block 809478 is mined by the Foundry USA mining pool.（The Block） 
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 26. 
 Former IcomTech executive Marco Ruiz Ochoa pleaded guilty on Wednesday over his role in what prosecutors called a crypto Ponzi scheme. IcomTech, an alleged crypto mining and trading company, promised investors profits in exchange for their purchase of “purported cryptocurrency-related investment products.” IcomTech’s crypto trading and mining business did not exist, prosecutors said, and investor money was used for other schemes and personal expenditures.（The Block） 
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 27. 
 The Wuhan Wuchang District People’s Court concluded a case involving a contractual dispute over virtual currency “mining”. The plaintiff entered into a contract with a technology company for the purchase of a storage server worth RMB 179,800 for the purpose of acquiring the virtual currency Filecoin, and the court held that the contract was essentially for the purpose of “mining” activities, which was contrary to the principle of green development and the public interest of the society, and therefore ruled that the contract was null and void. The court held that the contract was essentially for “mining” activities and was contrary to the principle of green development and the public interest, and therefore ruled that the contract was null and void. 
 28. 
 The People’s Court of Weihui City, Henan Province, recently handed down a judgment on a case of organizing and leading pyramid selling activities involving the “Chia Seed” APP. In April-May 2021, the three defendants, Ma, Wang and Pan, conducted large-scale pyramid selling activities through the APP under the guise of “purchasing miners to produce coins”. In April-May 2021, the three defendants, Ma Mou, Wang Mou, and Pan Mou, used the APP to conduct large-scale pyramid schemes under the guise of “purchasing mining machines to produce coins,” involving huge amounts of money. The three defendants were sentenced to prison terms ranging from six years and ten months to four years and two months and fined. 
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/global-crypto-mining-news-in-september-three-major-new-bitcoin-mining-machines-all-below-20j-t-tbt64936.html">https://thebittimes.com/global-crypto-mining-news-in-september-three-major-new-bitcoin-mining-machines-all-below-20j-t-tbt64936.html</a>

Global Crypto Mining News in September: Three Major New Bitcoin Mining Machines, All Below 20J/T

TheBitTimes

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