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Bitcoin Mining Pool ViaBTC Sells 'Epic' First Post-Halving Sat for $2.13M
25.4.2024
The pool mined the first block after last week's halving, winning an "epic" sat in the process
Despite Runes’ Transaction Dominance, Bitcoin Miners See Continued Revenue Drop
25.4.2024
According to recent data, transactions linked to the Runes protocol have been notably high in block utilization since its implementation on April 19. Figures from April 23 show that transactions involving Runes accounted for 81% of block usage on that day. In contrast, traditional financial...
Runes Make Up 68% of All Bitcoin Transactions Since the Halving
25.4.2024
Runes have contributed to up to 68% of Bitcoin transactions since the halving, however, the fees earned by Bitcoin miners have started to dwindle.
The post Runes Make Up 68% of All Bitcoin Transactions Since the Halving appeared first on Cryptonews
Bitcoin miner profits get squeezed as hash price drops to lowest since October 2023
24.4.2024
After enjoying record profits during Bitcoin’s recent halving, miners now face a sharp decline in hash prices
Bitcoin’s First Post-Halving Adjustment Raises Mining Difficulty to Record High
24.4.2024
Bitcoin recently completed its first difficulty adjustment following the fourth halving, recording a 1.99% increase and pushing the mining difficulty to a record high. The network’s difficulty level rose from 86.39 trillion to a new level of 88.10 trillion. Bitcoin Miners’ Strength...
Jack Dorsey’s Block Is Building a Bitcoin Mining System
24.4.2024
The firm also completed the development of its three-nanometer mining chip, which it had been working on since April 2023
Jack Dorsey’s Block Expands Bitcoin Mining Ambitions, Develops 3nm Mining Chip
24.4.2024
Jack Dorsey's payments company Block has shifted its focus from designing chips to developing a full Bitcoin mining system.
The post Jack Dorsey’s Block Expands Bitcoin Mining Ambitions, Develops 3nm Mining Chip appeared first on Cryptonews
Canaan Executives Plan to Buy $2 Million in Company Shares, Citing Deep Undervaluation
23.4.2024
Two executives of the bitcoin mining rig maker Canaan intend to jointly purchase at least $2 million worth of company shares, claiming the company is "deeply undervalued," despite revenue decline.
The post Canaan Executives Plan to Buy $2 Million in Company Shares, Citing Deep Undervaluation...
Jack Dorsey’s Block Targets Chip Advancement With 3nm Bitcoin ASIC Mining Rig
23.4.2024
On Tuesday, Jack Dorsey, the founder of Block, took to X to announce that the company is “building a mining rig.” Dorsey also shared a blog post authored by Block’s lead for mining hardware products, Naoise Irwin. The post revealed enhancements in the chip design, upgrading from...
Jack Dorsey’s Block announces development of ‘full Bitcoin mining system’
23.4.2024
The Block — then Square — CEO initially suggested the idea of a collaborative approach to decentralize Bitcoin mining in October 2021
PayPal Proposes Incentive Program for Bitcoin Miners Utilizing Low-Carbon Energy
23.4.2024
On April 22, PayPal announced a new initiative to support Bitcoin mining that uses less energy. The multinational payment company intends to use Bitcoin to compensate cryptocurrency miners that use renewable energy.
The post PayPal Proposes Incentive Program for Bitcoin Miners Utilizing Low-Carbon...
Crypto news: BlockDAG’s X30 miner thrives in crypto mining markets while Ethereum price & XRP dip
23.4.2024
Ethereum prices teeter on critical levels, and the XRP signal struggles under the weight of recent losses, failing to break past $0.50. Amid these fluctuations, BlockDAG stands out with its groundbreaking X30 miner. With a hash rate that dominates the competition and advanced ASIC technology...
Ground-breaking Project in Finland Uses Bitcoin Mining to Heat Homes
23.4.2024
A new ground-breaking project in Finland is turning energy from Bitcoin mining into energy to heat homes.
The post Ground-breaking Project in Finland Uses Bitcoin Mining to Heat Homes appeared first on Cryptonews
Paypal Promotes Low-Carbon Bitcoin Mining With New Research Paper
23.4.2024
Paypal, in collaboration with Energy Web and DMG Blockchain Solutions Inc., has introduced an approach to promote environmentally sustainable practices in bitcoin mining. This research-backed initiative encourages miners to utilize low-carbon energy sources by offering financial incentives. Paypal...
Exclusive ‘Epic Satoshi’ Auction Launches, Bids Already Double to 2 BTC
23.4.2024
Coinex has launched the auction for the ‘epic satoshi’ from the fourth halving, originally mined by the mining pool Viabtc. This event, marking Sat # 1,968,750,000,000,000, commenced with a starting bid of 1 bitcoin. Following ten subsequent bids, the highest offer has reached...
Post-Halving Fallout: Bitcoin Hashprice Slides 30%, Miners’ Earnings Hit
23.4.2024
Following a peak in onchain fees, bitcoin miners experienced a significant decline in the hashprice, which fell from a daily rate of $114 per petahash on Sunday to a markedly lower $79 per petahash by Tuesday. To date, the network’s hashrate has experienced a modest decline, though nothing...
Malaysian State Records Largest Number of Power Theft Cases Linked to Crypto Mining
23.4.2024
Sarawak state of Malaysia's Miri region has accounted for more than half of power theft cases linked to crypto mining since 2018.
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Bitcoin Miner Hut 8’s Post-Merger Prospects Look Good: Benchmark
22.4.2024
The new Hut 8 (HUT), resulting from the merger with US Bitcoin Corporation (USBTC) that closed last November, features a diversified business model with multiple revenue streams, broker Benchmark said in a research report on Monday
Crypto Exchange Coinex Set to Auction ‘Epic Satoshi’ From Halving Block for 1 BTC Minimum
22.4.2024
At 8:09 p.m. ET on April 19, 2024, the mining pool Viabtc successfully excavated block 840,000. This block notably encompassed 37.625 bitcoins from transaction fees, alongside a 3.125 bitcoin reward. This significant block also included a rare bitcoin element known as the “epic sat,”...
China Issues Warning to its Citizens in Angola Involved in Crypto Mining
22.4.2024
China’s blanket ban on crypto mining, followed a mass exodus of miners to various African nations including Angola.
The post China Issues Warning to its Citizens in Angola Involved in Crypto Mining appeared first on Cryptonews