Riot Blockchain Announces 458 Bitcoins Mined in January 2022

Riot Blockchain, a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term mining company based in the US, announced production and operations update for January 2022, as well as updates to the status of miner shipments and deployment and its infrastructure expansion. In January 2022, the Colorado-based mining firm stated that it mined 458 Bitcoins, an increase of 7.8% from December 2021, and an increase of about 252%, as compared to the January 2021 production of 130 Bitcoin. As of January 31, 2022, Riot mentioned that it held approximately 5,347 Bitcoins, all mined by the firm’s self-mining operations.

The Nasdaq-listed cryptocurrency mining company also provided details on its deployed machinery. Riot said that it currently has a deployed fleet of approximately 32,552 miners, with a hash rate Hash Rate A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain Read this Term capacity of 3.4 exahash per second (“EH/s”), up from 3.1 EH/s in the previous month. The firm further stated that it has additional 7,924 miners staged for deployment. The firm also disclosed that it has shipped additional 5,768 S19j Pros from Bitmain and expects to receive them in the course of this month. Once the staged miners and those from this month’s delivery are deployed, Riot expects to have a total of 46,244 miners deployed with a hash rate capacity of approximately 4.7 EH/s. The company expects a hash rate capacity of 12.8 EH/s by Q4 2022, assuming full deployment of approximately 120,150 Antminer ASICs, the firm stated.

Jason Les, CEO of Riot Blockchain, talked about the development and said: “Riot is well-positioned for continued growth and production in 2022. We expect to see increases in our hash rate capacity as we continue to execute on deployments in the newly completed Building F and the soon to be completed, Building G.”