{"id":3699,"date":"2024-12-04T10:46:53","date_gmt":"2024-12-04T10:46:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3699"},"modified":"2024-12-04T10:46:53","modified_gmt":"2024-12-04T10:46:53","slug":"bit-mining-announces-commitment-to-litecoin-ltc-and-dogecoin-doge-mining-bringing-increased-profitability","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3699","title":{"rendered":"BIT Mining Announces Commitment to Litecoin (LTC) and Dogecoin (DOGE) Mining, Bringing Increased Profitability"},"content":{"rendered":"
\n

Using self-produced LD3 Miners, BIT Mining is responsible for 1.32% of the global Litecoin<\/span> and Dogecoin<\/span> Network Hash Rate<\/i><\/p>\n

AKRON, Ohio<\/span><\/span>, Dec. 4, 2024<\/span><\/span> \/PRNewswire\/ — BIT Mining Limited (NYSE:BTCM<\/a>) (“BIT Mining” or the “Company”), a leading technology-driven cryptocurrency<\/span> mining company, today announced the Company’s continued commitment to self-mining Litecoin<\/span> (LTC) and Dogecoin<\/span> (DOGE<\/span>) alongside Bitcoin<\/span> (BTC) mining and its data center hosting businesses. As other crypto<\/span> miners look to diversify revenue streams in a post-halving environment, the Company’s expansion into Litecoin<\/span> (LTC) and Dogecoin<\/span> (DOGE<\/span>) has proved to be nearly three times more profitable than mining BTC alone.<\/p>\n

“At BIT Mining, we believe our cutting-edge technology and forward-thinking strategy uniquely position us to adapt to market shifts and seize new opportunities,” commented Xianfeng Yang<\/span>, CEO of BIT Mining. “By combining innovation with agility, we are enhancing our competitive edge and creating value for our stakeholders. As the cryptocurrency<\/span> market continues to evolve, we are ready to grow alongside it, leveraging our strengths for long-term success.”<\/p>\n

As of November 27, 2024<\/span>, the Company has mined 84,485.42 LTC and 227,908,250.38 DOGE<\/span> since it started the LTC and DOGE<\/span> self-mining business. With over 5,552 active LTC\/DOGE<\/span>\/BEL mining machines (capable of mining three coins at the same time, BEL coin is newer and relatively more volatile) delivering a combined hash rate of 18.94 TH\/s, the Company currently represents 1.32% of the total global network hash rate in LTC\/DOGE<\/span>\/BEL, as one of the largest participants.<\/p>\n

BIT Mining’s commitment to Litecoin<\/span> (LTC) and Dogecoin<\/span> (DOGE<\/span>) is a major …<\/p>\n

Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Using self-produced LD3 Miners, BIT Mining is responsible for 1.32% of the global Litecoin and Dogecoin Network Hash Rate AKRON, Ohio, Dec. 4, 2024 \/PRNewswire\/ — BIT Mining Limited (NYSE:BTCM) (“BIT Mining” or the “Company”), a leading technology-driven cryptocurrency mining company, today announced the Company’s continued commitment to self-mining Litecoin (LTC) and Dogecoin (DOGE) alongside […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3699","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3699"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3699\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}