36 / 36 Relevant items tagged with #BitcoinMining

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Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs

[Nov 30, 2022 2:30 PM] During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022, statistics show if miners paying for…

Bitcoin’s Mining Difficulty Expected to Drop Significantly, Retarget Could Be 2022’s Largest Reduction

[Nov 29, 2022 2:30 AM] Bitcoin miners could catch a break in a week or so, on or around Dec. 5, 2022, as the next difficulty retarget is expected to see a significantly large reduction. Estimates show the next difficulty retarget could drop anywhere between 6.13% and 10%…

Bitcoin capitulations abound — Data shows realized and unrealized losses at record-highs

[Nov 28, 2022 4:20 PM] Bankruptcies, shrinking profit margins and traders realizing hefty losses are all signs of capitulation from various market participants.

Bitcoin mining revenue lowest in two years, hash rate on the decline

[Nov 27, 2022 12:40 AM] The total Bitcoin mining revenue — block rewards and transaction fees — in U.S. dollars fell down to $11.67 million, a number last seen on Nov. 2, 2020, when Bitcoin’s trading price was around $13,500.

New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels

[Nov 23, 2022 8:00 AM] A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work mining in the state will not be able to expand or renew their permits for the next two years as a…

Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value

[Nov 21, 2022 11:30 AM] Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics…

Bitcoin’s Mining Difficulty Taps a Lifetime High, Glassnode Says BTC Miners Remain ‘Under Immense Pressure’

[Nov 21, 2022 2:00 AM] On Sunday, Nov. 20, 2022, Bitcoin’s difficulty rise erased the recent 0.20% decline recorded two weeks ago, as the difficulty metric rose by 0.51% at block height 764,064. The increase on Sunday has pushed the difficulty rating to another…

Could Hong Kong really become China’s proxy in crypto?

[Nov 17, 2022 9:13 AM] With its partial autonomy, the island city of Hong Kong has traditionally served as a gate to China, but with crypto, there is a catch.

Australian firm raises $28M to expand Bitcoin mining capabilities

[Nov 17, 2022 9:00 AM] The Sydney-based Arkon Energy secured $28 million in a recent funding round to expand its renewable energy Bitcoin mining operations despite the volatile market.

Hive Blockchain revenue declines by 44% Y/Y despite overall mining production surge

[Nov 15, 2022 12:15 PM] The company mined 31% more Bitcoin than in the same quarter last year.

FTX collapse followed by an uptick in stablecoin inflows and DEX activity

[Nov 14, 2022 4:00 PM] Investors piled into stablecoins following FTX’s collapse, and an uptick in DEX activity suggests a rising interest in self-custody options.

Bitcoin miner Canaan scales operations despite low earnings, CEO says

[Nov 14, 2022 6:52 AM] Chinese Bitcoin mining firm Canaan posted a 90% over-the-quarter decrease in net income in Q3 2022, but it’s not the end of its business.

Why I Started Mining Bitcoin On My Farm To Offset Rising Costs

[Nov 6, 2022 8:00 PM] As costs continue to rise, one farmer began mining bitcoin. He shares his experience in order to help other farmers who find themselves in a similar situation.This is an opinion editorial by AlbertaHodl, a Canadian dairy and beef farmer and a…