Bitcoin mining is still a highly profitable business despite its drawbacks. Moreover, the total cumulative revenue for BTC miners has just reached a new milestone. On-chain analytics provider Glassnode has reported that Bitcoin miners have earned total revenue of $50.2 billion from the block subsidy and fees.
Bills in Arkansas and Montana that focus on crypto mining have passed in recent days, while legislation in other states remain in the ratification process. While some of the proposed or passed pieces of legislation seek to protect the rights of crypto miners, others seek to put certain restrictions on companies operating in the sector.
Ben Gagnon, chief mining officer at Bitfarms sees anything below $20,000 as the price where fair-weather institutional investors retreat from the currency for good, which will help stabilize bitcoin’s current volatility and send it up an upward path.
Authorities have sanctioned a cryptocurrency "tumbler" used by North Korea to launder stolen digital currencies, the first such action against a virtual currency mixer.
Bitcoin mining is still a highly profitable business despite its drawbacks. Moreover, the total cumulative revenue for BTC miners has just reached a new milestone. On-chain analytics provider Glassnode has reported that Bitcoin miners have earned total revenue of $50.2 billion from the block subsidy and fees.
Bills in Arkansas and Montana that focus on crypto mining have passed in recent days, while legislation in other states remain in the ratification process. While some of the proposed or passed pieces of legislation seek to protect the rights of crypto miners, others seek to put certain restrictions on companies operating in the sector.
Ben Gagnon, chief mining officer at Bitfarms sees anything below $20,000 as the price where fair-weather institutional investors retreat from the currency for good, which will help stabilize bitcoin’s current volatility and send it up an upward path.
Authorities have sanctioned a cryptocurrency "tumbler" used by North Korea to launder stolen digital currencies, the first such action against a virtual currency mixer.
