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Bitcoin Difficulty Reduction Incoming? Miners Brace for a Major Shift on Aug. 14
11.8.2024
Following the latest difficulty change 11 days ago when the metric increased by 10.5%, Bitcoin’s difficulty is estimated to shift downward between 4% to 5.3% on Aug. 14. Bitcoin’s All-Time High Difficulty Faces Estimated Reduction Bitcoin miners may get some relief in three days when...
How Chinese traders and miners get around China’s crypto ban
7.8.2024
Chinese crypto traders, miners and airdrop farmers aren’t letting an almost total ban on crypto in China stop them from joining the fun
How Chinese traders and miners get around China’s crypto ban
7.8.2024
Chinese crypto traders, miners and airdrop farmers aren’t letting an almost total ban on crypto in China stop them from joining the fun
Block Reward Cut: Miners Must Stake Bitcoin, Plug into Depins to Offset Revenue Loss
7.8.2024
According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to profitability levels seen before the halving. To compensate for the revenue loss caused by the halving of Bitcoin’s block reward, miners are resorting to mergers...
Historic Drop in Bitcoin Revenue Leaves Miners Struggling
4.8.2024
After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The recent uptick in Bitcoin’s mining difficulty, coupled with the subsequent drop in its price, has driven bitcoin mining revenue to record lows. Monthly Bitcoin...
Cryptoquant Insights: Bitcoin Miners See Revenue Boost as Hashrate Soars
31.7.2024
Bitcoin miners are witnessing a resurgence in activity as the network’s hashrate approaches all-time highs, according to the latest research from Cryptoquant. This recovery is attributed to improved revenues, which have led to a reduction in selling pressure from miners. Miners Hold Steady:...
Hashrate recovery reduces Bitcoin miners’ selling pressure in July
31.7.2024
Miner revenues soar 50%, pushing Bitcoin hashrate higher and reducing selling pressure from miners’ reserves
Bitcoin Network Faces Toughest Mining Difficulty Increase Since 2022
31.7.2024
The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the metric to a record 90.67 trillion. This heightened challenge, combined with falling bitcoin prices, is intensifying the strain on miners. Miners Struggle...
Marathon & Riot Boost Bitcoin Reserves as Small Miners Sell
30.7.2024
After the recent Bitcoin (BTC) halving, the dynamics in BTC mining have changed significantly, affecting both small and big miners. While the smaller miners are dumping their Bitcoin to cover expenses, more prominent institutional investors such as Marathon Digital Holdings and Riot Platform...
190 to 450 Terahash: Microbt Unveils Powerful M6XS+ Miners at Bitcoin 2024
28.7.2024
At the Bitcoin 2024 conference in Nashville, the Chinese bitcoin application-specific integrated circuit (ASIC) manufacturer Microbt introduced its new line of M6XS+ miners. These miners offer a hashrate ranging from 190 terahash per second (TH/s) to 450 TH/s, with an efficiency of 17 joules...
Foreign crypto miners could be spying on US bases: Elizabeth Warren
26.7.2024
Senator Warren has lambasted foreign-owned crypto miners in the country, saying they’re loud, hot, and “suck up a ton of electricity, which can crash the power grid.”
Bitcoin Miners Have Considerable Upside From Their Power Portfolios: Bernstein
25.7.2024
Investors can benefit by valuing miners’ assets as efficient power shells with data center capabilities, as opposed to just bitcoin mining operations, the report said
Riot Platform buys Kentucky-based Block Mining for $93M
25.7.2024
Riot says the deal will immediately add one exahashes per second to its self-mining hashrate and expands its footprint in the United States
Iris Energy Is Positioned to Become One of the Biggest Listed Bitcoin Miners: Canaccord
24.7.2024
The broker raised its price target for the shares to $15 from $12 and reiterated its buy rating
Paraguay miners urge state electricity board to reconsider upcoming price hike
22.7.2024
Capamad spokesperson Jimmy Kim claims that the electricity price increase, set for Aug. 1, may force 70% of legal crypto miners out of business
Bitcoin hashrate drawdown hits bear market levels, but miners aren’t selling
18.7.2024
Could miner capitulation signal that selling pressure is easing, or could it be the death spiral that takes Bitcoin out of its decade-long run?
Bitcoin ETFs have 4-8X more BTC price influence than miners — Research
18.7.2024
Bitcoin miners' "market influence" pales in comparison to the ETFs and exchanges when it comes to BTC price pressure, says Glassnode
Analysts forecast $200K+ Bitcoin price after BTC’s bullish momentum returns
17.7.2024
Bitcoin’s decisive move above $65,000 and miners' return to deep profitability could lead to BTC hitting $220,000
Bitcoin L2s help crypto miners in Asia supplement income with staking
17.7.2024
Bitcoin L2s remain crucial to the Asian crypto ecosystem, offering miners new revenue streams after the most recent halving
Bitcoin L2s help crypto miners in Asia supplement income with staking
17.7.2024
Bitcoin L2s remain crucial to the Asian crypto ecosystem, offering miners new revenue streams after the most recent halving