Bitcoin Miners’ Average Revenue Per Block Dips 25% in 3 Days, Falling to 3.83 BTC
In the last 24 hours, bitcoin miners have faced significantly reduced earnings, with the current hashprice lingering at a significant...
Mining
Despite Runes’ Transaction Dominance, Bitcoin Miners See Continued Revenue Drop
According to recent data, transactions linked to the Runes protocol have been notably high in block utilization since its implementation...
Bitcoin’s First Post-Halving Adjustment Raises Mining Difficulty to Record High
Bitcoin recently completed its first difficulty adjustment following the fourth halving, recording a 1.99% increase and pushing the mining difficulty...
Jack Dorsey’s Block Targets Chip Advancement With 3nm Bitcoin ASIC Mining Rig
On Tuesday, Jack Dorsey, the founder of Block, took to X to announce that the company is “building a mining...
Chinese Embassy Advises Citizens in Angola to Avoid Crypto Mining
The Chinese Embassy in Angola has cautioned its citizens residing in the African nation to refrain from mining cryptocurrencies, as...
Bitcoin Miner Rewards Shrink Below Pre-Halving Levels as Network Fees Fall Sharply
After experiencing a period of high fees, onchain transfer costs on the Bitcoin network have decreased significantly. On Friday, the...
93 Blocks, $71 Million in Fees: Bitcoin Mining Revenue Booms Post-Halving
Since the halving, miners have successfully extracted 93 blocks, accumulating a significant 1,087.99 bitcoins valued at approximately $71.04 million solely...
Foundry to Isolate and Monetize Bitcoin Halving’s ‘Epic Satoshi,’ Distributing Earnings Among Pool Members
Foundry, a digital assets mining and staking company, has announced that it plans to monetize what it has called the...
Recent Analysis Shows Common Transaction Patterns Among Several Bitcoin Mining Pools
A comprehensive X thread by Bitcoin developer and observer 0xB10C has uncovered that several prominent bitcoin mining pools are using...
Bitmain Sets Release for L9 Miner, Promising ‘Unchallenged’ Efficiency in Scrypt Mining
According to the application-specific integrated circuit (ASIC) mining rig manufacturer Bitmain, the firm is gearing up to introduce its latest...
Core Scientific Set to Boost Texas Mining Facility by 72 MW Ahead of Bitcoin Halving
With just over three days remaining until the halving, Core Scientific has announced its plans to enhance its Texas mining...
Short Sellers Target Bitcoin Miners as Reward Halving Nears, $2 Billion at Stake
A recent report highlights that the collective short interest in stocks from 15 bitcoin mining companies has approached the $2...
Paraguayan Senate Supports Selling Power to Crypto Mining Companies, Criticizes Subpar Energy Agreements With Brazil
The Paraguayan Senate has approved a resolution supporting selling the country’s energy surplus to crypto mining companies, given the price...
Severe Impact Expected for Miners With Outdated Hardware in Upcoming Bitcoin Halving
Following the downturn in bitcoin’s price on Friday, the hashprice of bitcoin has declined from slightly above $119 per petahash...
A Single Custodian Oversees Nearly Half of Bitcoin’s Block Rewards
Onchain data indicates that a single custodian now manages the coinbase addresses for at least nine prominent mining pools, which...
Bitcoin Difficulty and Hashrate Reach Record Highs as Halving Draws Closer
Bitcoin’s network difficulty climbed to an unprecedented peak on April 10, 2024, at block height 838,656, increasing by 3.92% to...
Auradine Secures $80 Million in Series B to Accelerate Bitcoin Mining Rig Production
On April 10, the bitcoin mining rig producer Auradine revealed it had secured an $80 million investment in a Series...
Paraguayan Lawmakers Introduce Bill to Temporarily Pull the Plug on Bitcoin Mining Operations
A group of Paraguayan lawmakers is spearheading a bill that seeks to enact a temporary ban on cryptocurrency mining operations...
Bitcoin’s Path to Halving — Anticipated Increase in Difficulty Sets Stage
Based on current metrics, the Bitcoin blockchain is set to undergo another difficulty adjustment before the halving, with an anticipated...
Miners Offload Bitcoin in Anticipation of Reward Halving, Says Cryptoquant
Data from Cryptoquant indicates that bitcoin miners have been offloading their assets in anticipation of the upcoming Bitcoin network halving,...
Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production
According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1...
Iceland’s Prime Minister Vows to Prioritize Food Security Over Bitcoin
Iceland’s Prime Minister Katrín Jakobsdóttir has vowed to focus more power on producing food internally while reducing the energy expenditure...
