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Financial Squeeze Tightens for Bitcoin Miners as Earnings Continue to Fall
28.4.2024
On Friday, Bitcoin’s hashprice was $56.95 per petahash per second (PH/s), but by Sunday, it had dropped to $51.66 per petahash. Over the last 100 blocks, bitcoin miners averaged about 3.55 BTC for each block they mined, indicating that bitcoin miners are receiving less than half a BTC...
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...
Bitcoin Miners’ Earnings Hit Record $2 Billion in March Ahead of Halving Event
1.4.2024
In March, bitcoin miners amassed an unprecedented level of revenue not seen in the previous 12 months, hitting a high of $2.01 billion from rewards and transfer fees. Of this total, $85.81 million was earned from transaction fees over the past month. Historic Month for Bitcoin Miners —...
Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023
30.4.2023
New Mexico is the cheapest US state to mine Bitcoin in terms of average electricity cost, while Hawaii is the by far the most expensive
New hashprice-based derivatives instrument gives Bitcoin miners another way to hedge
10.10.2022
Better luck next time? Luxor’s OTC Bitcoin mining derivatives could offer miners “a much needed tool to hedge their mining operations.”
Bitcoin Miners See Revenue Per TH/s Nearly Triple in 3 Months
7.1.2021
Mining revenue has reached its highest mark since early August 2019