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Bitcoin’s Price Drop and the Network’s Higher Difficulty Squeezes BTC Mining Profits
23.1.2022
After Bitcoin’s mining difficulty jumped to the highest value ever at 26.64 trillion, the overall hashrate slumped a hair due to the rise in difficulty and lower bitcoin price. This weekend, Bitcoin’s hashrate is coasting along at 189 exahash per second (EH/s), after dropping to a...
Bitcoin miners’ resilience to geopolitics — A healthy sign for the network
18.1.2022
The phenomenal recovery of the mining hash rate for BTC goes to show how resilient the network and its community are to world events
Bitcoin’s Hashrate Taps New Lifetime High, BTC Price 20% Above Production Cost, Difficulty Nears ATH
15.1.2022
Bitcoin’s hashrate has been riding high again as the processing power tapped another lifetime high on January 15, 2022, reaching 219.68 exahash per second (EH/s). The new record follows the previous all-time high (ATH) on the first day of the year, when the network’s hashrate tapped...
Bitcoin miners can take fresh 20% BTC price hit before capitulating, data shows
15.1.2022
Production costs for miners are around $34,000, and together with transaction fees, miners need not worry about another $40,000 support challenge on BTC/USD
Key on-chain metric shows Bitcoin miners in ‘massive’ BTC accumulation mode
11.1.2022
Data shows lost and held Bitcoin hitting a one-year high, while miners opened the year by accumulating “massive” amounts of BTC
Bitcoin’s Hashrate Slides 15% in 10 Days, Price and Difficulty Puts Pressure on BTC Miners
10.1.2022
The price of bitcoin has been on a long losing streak since November 10, 2021, when the leading crypto asset tapped an all-time high at $69K per unit. During the last two weeks, bitcoin has shed more than 19% in value, and the network’s hashrate has dropped from over 200 exahash per second...
Spanish MP Asks Government to Take in Fleeing Kazakhstan Bitcoin Miners
10.1.2022
A pro-crypto Spanish MP has told the government it should offer bitcoin (BTC) and altcoin miners in Kazakhstan suffering from recent blackouts and bloody social unrest a new home in Spain – and that her nation should itself seek to become a hub of crypto mining and innovation....
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Kazakhstan Teaches Bitcoin Miners a Lesson as Chaos Affects BTC Hashrate
6.1.2022
Kazakhstan has been plunged into a political and social maelstrom that could rock the world of Bitcoin (BTC) – as unrest over escalating fuel prices saw Kazakhtelecom, the national communications provider, pulled the plug on much of the country’s internet, reminding Bitcoin miners to secure...
Malaysia Seizes 1,720 Bitcoin Mining Machines in Electricity Theft Crackdown
1.1.2022
Police in Malaysia have shut down a bitcoin mining operation and seized 1,720 bitcoin mining machines in a major electricity theft crackdown following public complaints. “Police inspected 75 premises around the district and 30 of them were found to be carrying out illegal bitcoin mining...
Bitcoin Miners Could Go Nuclear in Kazakhstan as Gov’t Plans New Power Plant
30.12.2021
The government of Kazakhstan is debating a plan to build a nuclear power plant that could help the country to strengthen its Bitcoin (BTC) and crypto mining sector in the longer term.
According to the media outlet Vedomosti, the Minister of Energy, Magzum Mirzagaliyev, told reporters that...
Robinhood's Crypto Beta, FTX Challenge, Bitcoin Miners Bet Big, BTC ETF Inflows + More News
29.12.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.________ ...
Read More: Robinhood's Crypto Beta, FTX Challenge, Bitcoin Miners Bet Big, BTC ETF Inflows + More News
Winter’s Here for Bitcoin Miners in Kazakhstan and Iran as Cold Weather Brings Slowdowns
28.12.2021
Cold weather in some of Bitcoin (BTC) and crypto mining’s hotspots is bringing bad tidings for the industry – with power interruptions experienced in Kazakhstan and the government intervening in Iran....
Read More: Winter’s Here for Bitcoin Miners in Kazakhstan and Iran as Cold Weather Brings...
Canaan Secures Order for 30,000 Bitcoin Mining Rigs From Genesis Digital Assets
17.12.2021
The application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer Canaan has announced the company has secured a follow-on contract from Genesis Digital Assets for 30,000 mining machines. The sale is part of an agreement between Canaan and Genesis that gives the mining operation...
Illegal Crypto Miners Threatened With Jail Time in Russia
17.12.2021
Cryptocurrency miners that are illegally connecting their equipment to the power grid should go to prison, says a Russian lawmaker who recently announced that his nationalist party is working on draft legislation to regulate the crypto activity. The industry cannot rely on support from the state...
Bitcoin Hashrate Hits an All-Time High Suggesting Thousands of Next-Gen Machines Have Joined the Race
12.12.2021
While bitcoin prices have consolidated around the $50K zone, the network’s hashrate has reached an all-time high (ATH) on December 8, 2021, tapping 194.95 exahash per second. Bitcoin miners have increased their processing power a great deal despite the fact that mining bitcoin is 8.33%...
Iceland cuts power to new Bitcoin miners
8.12.2021
Starting December 7, no new requests for power from Bitcoin mining operations will be accepted from the country’s energy utility service
Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals
25.11.2021
China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting hardware to new bases around the world, with Russia reportedly taking the largest...
Norway Mulls Backing Sweden’s Call for Euro Ban on Crypto Mining
19.11.2021
The government in Norway is considering ways to limit the environmental impact of cryptocurrency mining and may support Swedish proposals to that end, including a European ban on proof-of-work mining. The European Commission has revealed it is already working to promote a transition to “more...
Bitcoin Miners See High Prices as 'Opportunity,' Become Sellers
12.11.2021
Bitcoin (BTC) miners have once again turned into net sellers of bitcoin, with miner inventories dropping to levels not seen since early September. However, miners aren’t necessarily turning bearish “en masse,” although some are looking to offload “excess inventory,” according to an analyst....
Bitcoin miners look toward nuclear power for sustainable energy
11.11.2021
Several major players say that nuclear energy might be the best choice for Bitcoin miners