The excitement that we saw in Bitcoin from January to part of March has no doubt died down. It is always a good idea to seek a broader perspective when there is a shift in the focus on price and into other areas.
A recent post by Altcoin Buzz on Twitter has raised concerns about a potential incoming dump by Bitcoin miners, as transaction fees and mempool backlog reach new heights.
Comparing to the beginning of the year, the international gold price up 11.2%, the S&P 500 index up 6.21%, the first cryptocurrency bitcoin price up 70.36%, a jump above 30,000 dollars.
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.
Cryptocurrency mining is the backbone of the entire blockchain ecosystem. This process involves solving complex mathematical equations that validate and verify transactions on a blockchain network.
Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered said on Monday, saying that the so-called "crypto winter" is over. Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as ...
Beleaguered bitcoin miners are finally feeling the sunshine of spring after a cold, hard crypto winter. The cryptocurrency’s rally above US$30,000 this year has been thrown a lifeline by power-hungry companies that pump new bitcoin into circulation, conspiring with falling electricity prices to boost their profitability.
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.
Even as Bitcoin surges to levels not seen in months, HODLing will never go out of style. More than half of the coins in existence have not moved in over two years, according to recent figures—a new all-time high. Blockchain data firm Glassnode told Decrypt that the amount of Bitcoin which last moved more than two years ago currently stands at 53.14%.
Russia has risen through the ranks to become the second largest bitcoin mining sector in the world after the US. Will it close the gap on the frontrunner? China was once the world’s top crypto mining hub, accounting for 65-75% of the total bitcoin network hash rate.
Russia has become the world’s second-largest cryptocurrency mining country this year, the Kommersant business daily reported on Friday, citing Bitriver, Russia’s largest bitcoin mining provider.
Recently, the crypto market has been sluggish. In light of the uncertain investment trends in the market, a growing number of investors have shifted their focus toward the crypto upstream — mining.
The excitement that we saw in Bitcoin from January to part of March has no doubt died down. It is always a good idea to seek a broader perspective when there is a shift in the focus on price and into other areas.
A recent post by Altcoin Buzz on Twitter has raised concerns about a potential incoming dump by Bitcoin miners, as transaction fees and mempool backlog reach new heights.
Comparing to the beginning of the year, the international gold price up 11.2%, the S&P 500 index up 6.21%, the first cryptocurrency bitcoin price up 70.36%, a jump above 30,000 dollars.
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.
Cryptocurrency mining is the backbone of the entire blockchain ecosystem. This process involves solving complex mathematical equations that validate and verify transactions on a blockchain network.
Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered said on Monday, saying that the so-called "crypto winter" is over. Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as ...
Beleaguered bitcoin miners are finally feeling the sunshine of spring after a cold, hard crypto winter. The cryptocurrency’s rally above US$30,000 this year has been thrown a lifeline by power-hungry companies that pump new bitcoin into circulation, conspiring with falling electricity prices to boost their profitability.
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.
Even as Bitcoin surges to levels not seen in months, HODLing will never go out of style. More than half of the coins in existence have not moved in over two years, according to recent figures—a new all-time high. Blockchain data firm Glassnode told Decrypt that the amount of Bitcoin which last moved more than two years ago currently stands at 53.14%.
Russia has risen through the ranks to become the second largest bitcoin mining sector in the world after the US. Will it close the gap on the frontrunner? China was once the world’s top crypto mining hub, accounting for 65-75% of the total bitcoin network hash rate.
Russia has become the world’s second-largest cryptocurrency mining country this year, the Kommersant business daily reported on Friday, citing Bitriver, Russia’s largest bitcoin mining provider.
Recently, the crypto market has been sluggish. In light of the uncertain investment trends in the market, a growing number of investors have shifted their focus toward the crypto upstream — mining.
