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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
📍 Follow Gate_Square, vote and drop your reason.
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CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
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🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
Is it possible to mine Bitcoin on a large scale and have energy expenditure "zero" at the end of the quarter? Under certain conditions, it is. This was the case with Riot Platforms, a major international Bitcoin mining company, at its facility in Texas, United States.
In its quarterly report for the third quarter of 2023, Riot said it mined 1,106 bitcoins (BTC), with profits reaching $24.4 million. According to the electricity and maintenance costs calculated by the company, each bitcoin mined had a cost of approximately $22,177. However, with the energy strategy in place, costs were reduced to $5,537 per unit of the cryptocurrency, the report details.
Because Riot participated in the Texas Demand Response and Ancillary Services program, it earned energy credits by taking a significant portion of its equipment offline to accommodate the summer's high demand for electricity. During June and July, Texans endured a heat wave with temperatures above 40°C on many days.
For its response to the context of need in that U.S. territory, Riot received nearly $49.6 million in energy reduction credits. Last year, revenues in this area were USD 13 million, implying a year-on-year growth of 278% in this energy strategy.