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Competitive Pressure Builds for Bitcoin Miners as Hashprice Swings
13.6.2024
Bitcoin’s hashrate experienced an uptick this week, briefly surpassing 600 exahash per second (EH/s) and currently stabilizing at 598 EH/s. The hashprice, which represents the expected value of 1 petahash per second (PH/s) of hashing power per day, is about $57 per petahash. Mining...
Shifting Sands of Bitcoin Mining: How Hydro-Cooling Tech is Leading the Charge Post-Halving
25.5.2024
Now that the halving has occurred and fees are at a six-month low, the profitability of application-specific integrated circuit (ASIC) mining rigs has shifted significantly. It is now essential to ensure electricity is inexpensive and machines are efficient in terms of joules per terahash....
Bitcoin Network Adjusts to Lower Fees and Reduced Hashrate After Latest Halving
11.5.2024
Based on the three-day simple moving average, Bitcoin’s hashrate has continued its downward trend, registering at about 550 exahash per second (EH/s). Following the halving, onchain costs have decreased significantly, with data indicating transfer fees ranging from $1.50 to $3.65...
Grayscale’s Bitcoin ETF Sees Small Inflows Following $17.4B Loss
7.5.2024
After months of outflows, Grayscale's Bitcoin ETF is experiencing a positive shift, with inflows totaling $66.9 million over the past two days. This turnaround follows a period of major...
Bitcoin Runes reclaims dominance over BTC transactions
6.5.2024
Runes made a recovery to account for the lion’s share of transactions over the Bitcoin network
Bitcoin mining revenue hits post halving yearly low
6.5.2024
Daily revenue from Bitcoin mining dropped to under $3 million as opposed to the previous daily average of roughly $6 million in the first four months of 2024
Top Altcoins to Invest: BlockDAG Shines with $15.3M Presale Success & 30,000x ROI Potential Outshining Solana & Litecoin
9.4.2024
Solana grapples with the challenges of failed transactions as user activity spikes, whereas Litecoin displays resilience in a bearish crypto market. On the other hand, BlockDAG (BDAG) continues to rise in the presale arena as it redefines efficiency and profitability in the DeFi sector. With...
Bithumb Korea Posts Disappointing Financial Figures – Despite Bumper Transaction Volumes
3.4.2024
Bithumb Korea, the operator of the Bithumb crypto exchange, has reported a year-on-year decline in profitability for the Financial Year 2023, despite recent upturns in trading volumes.
The post Bithumb Korea Posts Disappointing Financial Figures – Despite Bumper Transaction Volumes appeared first...
Marathon Digital Reports Record $387.5 Million Revenue in 2023, Marking a 229% Increase
29.2.2024
Marathon Digital, a prominent Bitcoin mining company based in the United States, has seen a remarkable surge in revenue in 2023, leading the company to achieve substantial profitability.
The post Marathon Digital Reports Record $387.5 Million Revenue in 2023, Marking a 229% Increase appeared first...
Bitcoin Miner Riot Warns of Profit Risks Due to Chip Shortage and Climate Regulations
26.2.2024
On February 23, popular Bitcoin miner Riot Platforms issued a cautionary statement regarding potential profitability challenges in its business operations. The company cited various factors, including global supply chain disruptions, chip shortages, and increasing regulatory scrutiny around climate...
Scorpion Casino Hits $3.6 Million In Presale As Investors See Massive Profit Potential Ahead
3.2.2024
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Scorpion Casino (SCORP) stands out in the market by seamlessly combining captivating gaming and casino experiences with significant profitability. An impressive accomplishment lies in its impactful...
Morgan Stanley on Decline of US Dollar, JPMorgan Warns of a BTC Selloff, BTC Mining Improved, and More — Week in Review
28.1.2024
Morgan Stanley has raised concerns about the potential decline of the U.S. dollar’s dominance due to the increasing interest in digital currencies. Meanwhile, JPMorgan has warned of a potential bitcoin selloff, anticipating a $3 billion outflow from Grayscale’s Bitcoin fund....
Many Bitcoin Miners Struggle to Make Profits: Cantor Fitzgerald
26.1.2024
Bitcoin mining is getting less profitable as many publicly traded miners might face potential profitability challenges following the next Bitcoin halving event. According to a recent report by Cantor Fitzgerald, 11 major mining companies, including Marathon Digital (MARA), Riot Platforms (RIOT)...
Mining Digital Gold — These Are the Most Profitable Proof-of-Work Algorithms in 2024
21.1.2024
In September 2022, Bitcoin’s SHA256 algorithm ranked as the seventh most lucrative proof-of-work (PoW) network for mining. Fast forward a year and four months, and this algorithm has ascended to become the third most profitable crypto network for mining operations. 2022 to 2024 Sees...
Want To Invest in Safe Tokens and Make Profits? Then Solana (SOL) and Retik Finance (RETIK) Are the Perfect Options
12.1.2024
In the dynamic world of cryptocurrency investments, finding tokens that provide a balance of safety and profitability is crucial for investors. Two tokens that have been gaining considerable attention for their potential returns and unique features are Solana (SOL) and Retik Finance (RETIK)....
Scorpion Casino (SCORP) Stuns Crypto Community With Its Offerings As Presale Target Nears
3.1.2024
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Scorpion Casino (SCORP) stands out as a unique venture by seamlessly blending immersive gaming and casino experiences with substantial profitability. While achieving various milestones, its most...
Bitcoin Hashrate Hits New All-Time High, Exacerbating Profitability Challenges for Miners
26.12.2023
Source: AdobeStock / Photocreo Bednarek The hashrate of the Bitcoin (BTC) network has reached a new all-time high, putting additional pressure on miners who are already grappling with a slump in profitability. According to data from Blockchain.com and Bitinfocharts, Bitcoin’s hashrate soared...
Dyson Finance Becomes Fastest-Growing DEX on Polygon zkEVM and Linea, Revolutionizing Liquidity Provision
25.12.2023
PRESS RELEASE. TAIPEI, December 25th 2023 – Dyson Finance, the game-changer in Decentralized Exchanges (DEX), has made waves in the past quarter on Polygon zkEVM and Linea, challenging the norm of DEXs grappling with Liquidity Provider (LP) profitability. In an impressive feat, Dyson Finance...
Is Cardano Going to Zero? ADA Price Slips 3% as Crypto Markets Rally – Will This Mining Protocol Go Viral?
15.12.2023
Recent weeks have seen a strong recovery by #8 ranked cryptocurrency Cardano (ADA), yet ADA Price has slipped -3% despite an impressive resurgence in the ecosystem’s valuation, leaving some dejected holders asking ‘is Cardano going to zero?’. The downtick contrasts Cardano’s...
Will Elon Musk’s Cyber Truck Accept Dogecoin (DOGE) And This New Altcoin?
13.12.2023
The crypto market has attracted several celebrities, and high-profile figures due to its eye-popping profitability and unique usabilities. Tech billionaire Elon Musk is one of the most ardent supporters of cryptocurrencies, especially Dogecoin (DOGE). But a new cryptocurrency has entered the arena...