The United States Department of Energy recently announced it will collect energy use data from crypto miners next week. Crypto Miners Required To Give Their Energy Use Details On January 31, The US Energy Information Administration (EIA) announced the initiation of a provisional survey to collect electricity consumption data from …
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As the Bitcoin halving event, scheduled to occur later this year by April, approaches, financial firm Cantor Fitzgerald has recently released a report indicating that post-halving, the profitability of major publicly traded BTC miners could be severely impacted. Eleven out of thirteen of these miners, including notable names such as …
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Bitcoin mining appears to be a safe haven-like alternative for those seeking options to earn BTC while remaining cautious about exposing their funds to market fluctuation risks. Despite the high competition for bitcoin mining rewards and the existence of significant entry barriers, both financial and expertise-related, GoMining is a project …
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On-chain data shows the Bitcoin miners have participated in a 3,000 BTC selloff recently, something that may explain the asset’s latest pullback. Bitcoin Miner Reserve Has Taken A Plunge Recently As pointed out by analyst Ali in a new post on X, the BTC miners have participated in some selling …
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Bitcoin miner Riot Platforms is buying 66,560 Bitcoin mining rigs from manufacturer MicroBT, in one of its largest orders of hash-rate in the firm’s history — ahead of the Bitcoin halving scheduled for April 2024. The additional purchase agreement totaled $290.5 million, Riot stated in a Dec. 4 statement — …
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As the year draws to a close, enthusiastic cryptocurrency fans and hardworking Bitcoin miners are celebrating a profitable boom all across the world. The daily profits for people who practice crypto mining have risen to previously unheard-of heights, making the activity an even more seductive and profitable endeavor than it …
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I love this space. But, as with any large grouping of individual people, there are a few things that I have been discussing that continue to go ignored by much of the space. When it comes to participating in highly competitive arenas it is those participants that see opportunity where …
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Bitcoin network “horsepower” continues to climb, which is good news for its security but bad news for miners who are now facing more competition than ever. Bitcoin’s hashrate hit a new peak on October 12 of 447 exahashes per second, according to Blockchain.com. Bitinfocharts has a slightly higher average figure …
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Bitcoin is the largest, longest-running, decentralized, and most secure digital currency of all time, but it is far from the first such attempt. We as a community would do well to remember that bitcoin stands on the shoulders of previous projects, spanning across decades of work. Satoshi built upon the …
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Bitcoin miners Marathon Digital, Riot Platforms, and CleanSpark recorded strong Bitcoin production increases in September, leading to a small boost in share prices on Oct. 4. The firm’s balance sheets also strengthened despite Bitcoin’s price (BTC) recording another month of sideways movement — hovering between the $25,100 and $28,500 mark. …
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Bitcoin Spark (BTCS) has gained significant traction in the crypto community. And according to some industry watchers, Ethereum (ETH) and ZCash (ZEC) miners might be looking forward to starting mining Bitcoin Spark. Recent Ethereum Developments Steven Nerayoff, the former Ethereum advisor, recently accused Vitalik Buterin, one of Ethereum’s co-founders, of …
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In the world of Bitcoin mining, the concept of decentralization versus centralization has been a subject of ongoing debate. Recent data from Hash Index has shed new light on this discussion by revealing that public miners make up just 28% of Bitcoin’s global hash rate. This statistic challenges the notion …
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