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Cambridge Revises Bitcoin Mining Index, Lowers BTC’s Estimated Power Use


Cambridge Centre for Alternative Finance has significantly revised its Bitcoin Electricity Consumption Index, lowering its estimates of the cryptocurrency’s energy use after finding its previous model greatly overstated power consumption. Cambridge Centre Revises Bitcoin Energy Estimates...

Bitcoin Miners Feel the Pinch: 10% Value Drop Tanks Hash Price in August


August has proved to be a challenging month for bitcoin miners, facing two difficulty spikes and witnessing the currency’s value plummet over 10% in the past 30 days. This decline in value has pulled the network’s hash price to levels reminiscent of late 2022. At present, miners...

Innovative Heating Solutions: Bitcoin Miners Turning Heat Into Satoshis


In recent years, bitcoin miners have learned to reuse the heat generated by application-specific integrated circuit (ASIC) mining rigs. Recently, a Twitter account named “Rev.Hodl” demonstrated how a bitcoin miner was employed to dry laundry. While the clothes dryer serves to...

Why is XRP price down today?


XRP price is down today like other top crypto assets, as traders anticipate a Federal Reserve rate hike this week

US Inflation Hits Two-Year Low, Boosting Stocks and Precious Metals


On Wednesday, July 12, 2023, the U.S. Bureau of Labor Statistics released the Consumer Price Index report for June, showing a 3% increase in inflation, the lowest level since March 2021. The U.S. inflation rate has fallen for 12 consecutive months, with the index rising 0.2% on a monthly basis....

Why is Litecoin price down today?


Litecoin price is down today in part due to its overbought conditions and ahead of the Federal Reserve's meeting minutes release

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