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As Bitcoin Hits New Highs, Nasdaq-Listed Miners Face Unexpected Declines
11.3.2024
Despite bitcoin reaching another all-time peak on Monday, publicly traded mining stocks commenced the day with percentage declines. Stock linked to companies such as Marathon, Cleanspark, Riot, and various others have diminished in value compared to the U.S. dollar, even as bitcoin celebrates fresh...
U.S. President Again Proposes Crypto Mining Tax, 'Wash Sale Rule' for Digital Assets in New Budget
11.3.2024
The U.S. president's budget proposal for 2025 suggests the administration can reduce the national deficit by nearly $10 billion just by "modernizing rules" that include cryptocurrencies
Bitcoin’s Hashrate Reaches 618 EH/s, Establishing a New 7-Day SMA Record in 2024
11.3.2024
Bitcoin’s computing power has reached a new peak, ascending to 618 exahash per second (EH/s) as shown by the seven-day simple moving average. Currently, 56 entities are contributing at least 916.26 megahash per second (MH/s) to the network, with the mining pool Foundry USA at the forefront...
Nasdaq-Listed Bitcoin Mining Companies Bounce Back From Recent Downturn
9.3.2024
Following a dynamic period of activity in the crypto market on Friday, stocks of publicly traded mining companies have recovered from their recent decline. In the last five days, Marathon Digital Holdings’ stock fell over 15%, yet on Friday, it experienced a 7.71% increase in value against...
Piers Ridyard, CEO of Radix DLT, on The Future of Web3, Wallets, Account Abstraction, and Creating the Game Engine for DeFi | Ep. 315
8.3.2024
Piers Ridyard, CEO of the decentralized network Radix DLT, talks about the “wild ride” through the worlds of smart contracts and Y Combinator, finding Ethereum, mining on its genesis block, selling ETH, getting into Radix, the project’s fundamental principles, and how it goes above and beyond...
Hut 8 Faces Multiple Lawsuits From Shareholders Following Stock Crash
7.3.2024
A class action securities lawsuit was filed against Hut 8 Corp., seeking to recover the losses of shareholders who were adversely affected by alleged securities fraud between November 9, 2023, and January 18, 2024.
The post Hut 8 Faces Multiple Lawsuits From Shareholders Following Stock Crash...
BlockDAG’s 5000x mining beats Optimism and Quant (QNT) prices, becomes best altcoin prospect for 2024
7.3.2024
As the Quant (QNT) price continues to capture market attention, investors are exploring viable Optimism (OP) alternatives, seeking the next leap in blockchain technology. Amid this search, BlockDAG (BDAG) has become investors’ favorite as it offers a unique mobile mining experience. With enormous...
Hut 8 Closes Bitcoin Mining Facility Due to Power Disruptions and Rising Energy Costs
7.3.2024
Hut 8, a Bitcoin mining company, has announced the closure of its mining site in Drumheller, Alberta, Canada, citing power disruptions and rising energy costs as significant factors.
The post Hut 8 Closes Bitcoin Mining Facility Due to Power Disruptions and Rising Energy Costs appeared first...
Digihost Secures Hosting Deal for 4,640 S19 XPs With Leading Bitcoin Miner Manufacturer
6.3.2024
Digihost Technology Inc., a blockchain technology and mining enterprise based in the U.S., revealed a significant augmentation of its bitcoin mining capabilities, courtesy of a multi-year hosting contract with a “leading” global provider of digital currency mining equipment. Digihost Expands Mining...
Bitcoin Miners Show Muscle Pushing Back Against Warrantless 'Emergency' Order
5.3.2024
In another example of crypto using the courts to fight back against unwarranted regulatory interference, blockchain advocates stopped a U.S. statistics agency from issuing an “emergency” request for mining energy metrics
Bitcoin Soared to an All-Time High. So Why Aren't Miners Blasting Off, Too?
5.3.2024
Investors are pouring money into spot ETFs while avoiding miners due to risks related to Bitcoin's halving event
Bitcoin Miner Bitdeer Says It Has Launched Its ‘First Cryptocurrency Mining Chip’
5.3.2024
Bitdeer, a bitcoin miner, recently announced the launch of what it refers to as its “first cryptocurrency mining chip.” Bitdeer claimed that the chip could potentially improve bitcoin mining performance without excessive power consumption. New Rig to Help Bitcoin Miners Minimize...
Marathon Mines Record-Breaking 4 MB Bitcoin Block Linked to Runestone Airdrop
5.3.2024
During bitcoin’s extraordinary price peaks in March, this week saw the mining of the biggest block by byte size, with Marathon’s mining pool producing a 3.99 megabyte (MB) block. This block, labeled as 832,849, carried a message linked to the Runestone airdrop. Bitcoin Blockchain...
EIA Agrees to Wipe Out Prior Bitcoin Mining Survey Data, Plans Fresh Study
4.3.2024
The US Energy Information Administration (EIA) has agreed to discard any data it already collected in response to its emergency Bitcoin mining survey, court documents filed Friday showed.
The post EIA Agrees to Wipe Out Prior Bitcoin Mining Survey Data, Plans Fresh Study appeared first on Cryptonews
Texas Blockchain Council and Riot Secure Legal Victory in Bitcoin Mining Data Collection Lawsuit
3.3.2024
In a landmark ruling, the Texas Blockchain Council (TBC) and Riot Platforms Inc. have triumphed in their lawsuit against the Biden administration, successfully halting the data collection efforts on bitcoin mining operations. TBC and Riot Platforms Win Case Against Bitcoin Mining Data Survey...
Bitcoin Mining Revenue Jumps to $1.39 Billion in February Despite Fee Decline
2.3.2024
In February, bitcoin miners discovered a total of 4,446 blocks, amassing earnings of $1.39 billion, with $71 million of this sum coming from onchain transaction fees. The revenue from bitcoin mining in February rose by $40 million compared to January, though the amount collected from fees saw...
Infrastructure Providers Warn of ASIC Scarcity for Bitcoin Miners
29.2.2024
Bitcoin (BTC) miners have begun to express a number of concerns ahead of the next halving event, which is set to occur in April. During the halving, the Bitcoin mining reward will be cut from 6.25 BTC to 3.125 BTC. Additionally, the Bitcoin network’s hash rate recently reached an all-time high...
Bitcoin Could Slide to $42K After Halving Hype Subsides, JPMorgan Says
29.2.2024
The bitcoin production cost has historically acted as a lower boundary to the cryptocurrency’s price, the report said
Monero faucets vs. Mining: Which is right for you?
29.2.2024
Monero is a cryptocurrency that Privacy and Decentralized features characterize. Ring signatures, stealth addresses, and confidential addresses are a few standout aspects of its privacy-enhancing technologies. Ring Signature intermixes multiple transactions, stealth addresses generate one-time...
Crypto Miners Still Selling Their Bitcoin as Reward Halving Looms, Blockchain Data Show
29.2.2024
The number of bitcoin held in wallets tied to miners has dropped to the lowest since mid-2021