The company Gryphon Digital Mining, focused on the use of renewable energy sources for mining cryptocurrency, announced the purchase of 7.2 thousand Antminer S19j Pro miners for $ 48 million.
The delivery of the first batch of 600 devices is scheduled for August 2021.
Gryphon Mining, which recently announced that it has entered into a merger agreement with Sphere 3D (Nasdaq: $ANY ), announced it has entered into an agreement to purchase 7,200 Antminer S19J Pro mining machines from Bitmain. #Bitcoin
https://t.co/Z2zVnKt49R— Gryphon Digital Mining (@GryphonMining) July 8, 2021
In May, electric car maker Tesla temporarily stopped selling its products for bitcoin due to the non environmentally friendly method of mining.
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
— Elon Musk (@elonmusk) May 12, 2021
The head of the company, Elon Musk, explained that it cannot harm the environment, so it will not accept cryptocurrency as payment.
In June, the Bitcoin Mining Council (BMC) published a report according to which the amount of green energy used for mining exceeded 56% in the second quarter of 2021.
The data is based on a survey of 23 councilors who together generate 32% of the Bitcoin network hashrate.
At the end of June, Bitmain announced the suspension of the sale of miners in order to support their prices. Since April, the cost of equipment for mining cryptocurrency has fallen by 75%.
This is due to the decline in the cost of bitcoin by almost half from the all-time high and the arrival of a large number of devices on the secondary market due to the ban on mining in China.
Earlier, Kevin Zhang , VP of Business Development at mining company Foundry, announced that by the end of June, about 90% of Chinese mining companies had turned off their equipment.
Bitmain held a private event in China with hundreds of miners in attendance. The company promised to help with the transportation of equipment to other countries, in particular, to the United States.
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