Search
Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low
4.7.2024
Bitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6 a.m. EDT on July 4, 2024, the price per petahash dropped to $44.842 per PH/s. The dollar value of daily...
Bitcoin Miners’ June Revenue Dips Slightly Below May
1.7.2024
The revenue generated by bitcoin miners slightly declined in June, totaling $963.67 million, down from May’s $964.24 million. Additionally, the hashprice, or the expected value of one petahash per second (PH/s) of hashpower, decreased from $57 per PH/s to the current $48. Bitcoin...
Runes TXs on Bitcoin have tanked over 88% this month
30.6.2024
Bitcoin miners have earned less than 2 Bitcoin combined from Runes transactions over the last six straight days — an enormous drop from its record 884 Bitcoin on April 24
Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall
29.6.2024
With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $50 and hovering just above...
Bitcoin miner sell pressure 'weakening' as BTC withdrawals drop 85%
28.6.2024
BTC withdrawals from miner-affiliated wallets have gone from above 50,000 per day to under 10,000 since the halving, data shows
Bitfarms adds board member to deter Riot Platforms takeover
28.6.2024
Despite initially planning to buy all Bitfarms’ shares at $2.30 per share, Riot withdrew the offer, stating that cooperating with Bitfarms’ current board was difficult
Analyst Says Speculators and Bitcoin Miners Responsible for BTC’s Recent Plunge Below $60,000
27.6.2024
A combination of speculators continuously opening new long positions and miners dumping נitcoin to pay for hardware upgrades caused the top cryptocurrency to plunge to $58,000, according to an onchain analyst. The analyst expects the top crypto asset to rebound once the ongoing...
Bitcoin ‘cascading long squeeze’ to blame for slump to $60K
25.6.2024
An increasing number of traders entering new long positions was the ‘fuel’ behind Bitcoin’s slump to $60,000, according to a Bitcoin analyst Willy Woo
‘Survival games’ as Bitcoin hash price skirts near all-time low
25.6.2024
Despite the hash price crash, most Bitcoin mining machines remain profitable for the time being
JPMorgan: Bitcoin Miners’ Market Cap Jumps 22% Following AI Hosting Deal
25.6.2024
Global investment bank JPMorgan has observed a notable surge in investor interest in bitcoin miners after Core Scientific announced it would host 200 MW of GPUs for AI hyperscaler Coreweave. According to JPMorgan, the combined market capitalization of 14 tracked miners has increased by $4 billion...
Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners
24.6.2024
The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific
Bitcoin miners are treading water, but no alarms of a 'total firesale'
22.6.2024
Bitcoin miners are not “full-scale bear market level capitulating,” according to a crypto analyst
Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures
18.6.2024
In the last three days, bitcoin miners have experienced an 8.4% drop in profits, echoing a decrease in bitcoin prices. Since then, the network’s hashrate has fallen below the 600 exahash per second (EH/s) mark. Price Drop Squeezes Bitcoin Mining Profits Revenue for bitcoin miners...
US-Listed Bitcoin Miners Hit Record Market Cap of $22.8 Billion, JPMorgan Says
17.6.2024
As of June 15, U.S.-listed bitcoin miners have reached a record market capitalization of $22.8 billion, according to global investment bank JPMorgan. This surge is led by significant gains in stocks like Core Scientific, Terawulf, and Iren. The overall sector market cap has increased by 24% since...
Bitcoin Bounces to $67K with BTC Miners Rallying 5%-10%; XRP Leads Altcoins
17.6.2024
As bitcoin's volatility is nearing historically low levels, the crypto market is in need of news or catalysts to bring traders to action, one market participant noted
Bitcoin Runes racks up over 2500 BTC in fees under 2 months
17.6.2024
Runes-related transactions could extend a significant revenue boost for Bitcoin miners, after the 2024 halving
U.S.-Listed Bitcoin Miners Reached Record Total Market Cap of $22.8B in June: JPMorgan
17.6.2024
Mining stocks outperformed bitcoin in the first half of the month as investors reacted positively to news of Core Scientific’s AI deal with CoreWeave, the report said
Nicehash Partners With Marathon to Launch Custom Firmware for ASIC Bitcoin Miners
15.6.2024
The bitcoin hashing power marketplace, Nicehash, has launched custom software for ASIC miners optimized for its mining platform. The firmware is designed to help miners drive greater efficiency from ASIC devices and increase revenue. Nicehash CEO said the collaboration with Marathon will strengthen...
Competitive Pressure Builds for Bitcoin Miners as Hashprice Swings
13.6.2024
Bitcoin’s hashrate experienced an uptick this week, briefly surpassing 600 exahash per second (EH/s) and currently stabilizing at 598 EH/s. The hashprice, which represents the expected value of 1 petahash per second (PH/s) of hashing power per day, is about $57 per petahash. Mining...
US Bitcoin miners silent in face of Kerrisdale ‘snake oil’ claims
13.6.2024
U.S. Bitcoin miners have remained tight-lipped following a recently released Kerrisdale Capital report criticizing the industry