NFT News Official TheBitTimes.com

Clockwork, a Solana-based smart contract automation project, will cease key operations by the end of October due to a lack of commercial viability . The announcement came via a series of Twitter posts on Aug. 27, where Clockwork founder Nick Garfield revealed that active development of the protocol would cease and its nodes on both devnet and mainnet would be turned off on Oct. 31. Hi all, bittersweet news today. The team and I behind @clockwork_xyz have decided to step away from active development of the protocol. 1/ — Nick (@time_composer) August 27, 2023 Garfield pointed to “simple opportunity cost” as the driving factor behind the move, acknowledging that the team sees more potential in exploring other avenues. Clockwork enables users to schedule Solana (SOL) network transactions and automate smart contracts to execute applications based on specific triggers. Despite the shutdown, Clockwork’s code will remain open-source and freely accessible, wit...

Some BTC miners have declared bankruptcy or sought financial aid to stay afloat. Others are finding unique ways to grow amid the bear market. Bitcoin (BTC) miner CleanSpark is expanding operations in the state of Georgia, adding to its mining capacity despite the ongoing bear market.  Groundbreaking on a new 50-megawatt Bitcoin Mining facility in Washington, Georgia, is underway, with expected completion in late spring, CleanSpark disclosed on Jan. 19. The nearly $16 million expansion is expected to increase the company’s hashrate by 2.2 exahashes per second, with total hashrate reaching as high as 8.7 EH/s. The expanded facility will host up to 16,000 miners, including newly added Antminer S19j Pro and Antminer S19 XP models. Expansion alert: $CLSK has broken ground on phase 2 of our #WashingtonGA # Bitcoin Mining site! It will hold up to 16,000 miner s. With projected completion of the 50 MW in late spring, we expect our #hashrate to reach as high as 8.7 EH/s. More: https://t.co/q...