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National Power Administration of Paraguay Seizes 693 Miners in Illegal Bitcoin Mining Operation
23.8.2024
The National Power Administration of Paraguay (ANDE) has recently detected and seized an illegal bitcoin mining operation hosting 693 miners. ANDE inspectors detected a tampered meter that failed to register all the energy consumed by the equipment connected to the power grid. The detection...
Satoshi VS physics: How quantum Bitcoin miners could make ASIC obsolete
23.8.2024
Quantum rigs might pose a bigger threat to blockchains than quantum decryption
Satoshi vs physics: How quantum Bitcoin miners could make ASIC obsolete
23.8.2024
Quantum rigs might pose a bigger threat to blockchains than quantum decryption
Satoshi vs physics: How quantum Bitcoin miners could make ASIC obsolete
23.8.2024
Quantum rigs might pose a bigger threat to blockchains than quantum decryption
Bitcoin Block 857,911 Delivers $1.12M to Antpool as Miners Enjoy Fee Windfall
23.8.2024
On Thursday, Bitcoin network fees took a significant leap, crossing the $100 mark shortly after 8:45 a.m. EDT. However, this spike was short-lived as fees quickly dropped, settling at just $0.34 per transaction by 7 p.m. EDT. Data collected from the day’s blocks revealed that a few fortunate...
Bitcoin Mining Opportunity Is Worth About $74B, JPMorgan Says
23.8.2024
The Wall Street bank updated its models and price targets for the miners to account for second quarter results and changes in the price of bitcoin and the network hashrate
Bitcoin avg transaction fee rises 937.7% in 24 hours
23.8.2024
Bitcoin transaction fees surged nearly 940% on Aug. 22, reflecting heightened network demand and pressure on users
Bitcoin miners steamrolled after electricity thefts, exchange ‘closure’ scam: Asia Express
23.8.2024
Malaysia gets out the steamroller as Bitcoin mining stolen electricity issue worsens, Korea’s new ‘exchange closure’ scam. Asia Express
Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit $105 Before Plummeting
22.8.2024
On Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday, fees had dropped to 625 sat/vB or $53.26 per transaction. Bitcoin Miners...
U.S.-Listed Bitcoin Miners Have the Upper Hand Over Unlisted Peers: Bernstein
20.8.2024
The ability to raise debt or equity in the world's deepest capital markets is a major advantage, the report said
3 reasons why Bitcoin won’t be ‘boring’ in September
20.8.2024
While Bitcoin failed to close above the $60K psychological level on the weekly chart, the long-term holders (LTHs) continue to adopt a bullish strategy in 2024
Hashrate Climbs 25 EH/s in 8 Days as Bitcoin Miners Adjust to Network Difficulty Reduction
18.8.2024
While Bitcoin’s hashprice has been languishing below $44 per petahash per second (PH/s) each day, the network’s hashrate is beginning to climb once more. Between Aug. 9 and Aug. 17, the hashrate increased from 612 exahash per second (EH/s) to 637 EH/s, adding 25 EH/s over eight days....
Bitcoin miners may gain $13.9B yearly from 20% shift to AI and HPC: VanEck
18.8.2024
Bitcoin miners could increase profitability and improve "bad balance sheets" by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck
IMF Proposes 85% Tax Hike on Crypto Miners & AI Data Centers
16.8.2024
The International Monetary Fund (IMF) has proposed a tax increase on crypto mining and artificial intelligence (AI) data…
Public miners raised $2.2B as cash flow crunch intensifies post-halving
15.8.2024
A total of nine out of 13 US-listed Bitcoin mining companies raised capital through stock offers in the second quarter of 2024
Cryptoquant: Bitcoin Miners Expand Capacity But Struggle to Stay Profitable
15.8.2024
Bitcoin miners are expanding their hashing capacity, reaching new record highs despite ongoing challenges in profitability. This report from Cryptoquant Institutional Insights highlights that miners are selling off assets as they face diminishing profit margins and rising operational difficulties....
Tough Times for Bitcoin Miners: First Half of August Yields Just a Fraction of July’s Profits
15.8.2024
With the first half of August in the rearview mirror, it’s clear that bitcoin miners are facing a challenging month, having only accumulated 36.36% of the total revenue they made in July. A combination of bitcoin’s price fluctuations and reduced onchain fees has left miners in a much...
Iran is giving $24 to anyone who dobs in illegal crypto miners
15.8.2024
The boss of Iran’s state-run electricity company said some had exploited subsidized electricity to run crypto mining operations, straining the power grid
AI may already use more power than Bitcoin — and it threatens Bitcoin mining
14.8.2024
AI may already consume more power than Bitcoin mining, and its deep pockets mean miners face stiff competition for equipment and electricity
Hut 8 Upgraded to Buy, Risk Reward Is to the Upside: H.C. Wainwright
14.8.2024
The broker upgraded the bitcoin miner's shares to buy from sell and raised its price target on the stock to $13.50 from $7.50