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Miner profitability falls to record lows — Blocksbridge
8.8.2024
Reduced block rewards post-halving and Bitcoin mining difficulty reaching new heights are eating away at miner revenues
Miner profitability falls to record lows — Blocksbridge
8.8.2024
Reduced block rewards post-halving and Bitcoin mining difficulty reaching new heights are eating away at miner revenues
Miner profitability falls to record lows — Blocksbridge
8.8.2024
Reduced block rewards post-halving and Bitcoin mining difficulty reaching new heights are eating away at miner revenues
Bitcoin Mining Squeeze: July Revenue Hits Lowest Monthly Intake of the Year
3.8.2024
In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million was generated from transaction fees, reflecting a trend of low onchain fees. July Bitcoin Mining Revenue Plummets to a 2024 Low The month was particularly challenging...
Swiss Crypto Bank Sygnum Achieves Profitability Amid Rapid Growth
25.7.2024
Swiss-based crypto bank Sygnum has achieved profitability in the first half of 2024, marking a significant milestone in the digital asset industry. The bank’s success is attributed to robust growth across its core business segments, including custody, trading, and lending services. With assets...
Crypto bank Sygnum posts profit after doubling crypto trading volumes
25.7.2024
Signum Bank says it's now eyeing further expansion into the European market, aiming to become fully MICA compliant by the first quarter of 2025
Bitcoin Mining Profitability Rose in June as Market Adjusted for the Halving: Jefferies
8.7.2024
U.S.-listed mining companies produced a greater share of bitcoin in June than May as they brought on new capacity while the network hashrate dropped, the report said
Bitcoin Market in Flux: Glassnode Analysis Highlights Key Insights
3.7.2024
Despite Bitcoin’s sideways price action, market profitability remains strong, according to a recent report by onchain analysis firm Glassnode. The report highlights significant trends in investor behavior and market conditions that may signal future volatility. Amid Market Fear, Bitcoin...
‘Survival games’ as Bitcoin hash price skirts near all-time low
25.6.2024
Despite the hash price crash, most Bitcoin mining machines remain profitable for the time being
Bitcoin block size hits yearly low: Impact of BTC halving?
19.6.2024
Despite Bitcoin’s block size hitting a yearly low, the Runes minting market continues to show strong activity and profitability
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...