MARA Holdings’ Bitcoin mining production slid 25% in June as the firm faced poor weather conditions at a Texas facility and ongoing …
Mining
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Mining
Bitcoin Network Hashrate Declined in June as Miners Reacted to Recent Heatwave: JPMorgan
by shayaanby shayaanThe Bitcoin network monthly average hashrate fell about 3% in June, Wall Street bank JPMorgan (JPM) said in a research report Tuesday. …
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Mining
Bitcoin Hashprice Nears 5-Month High After Record Difficulty Drop Since China Ban
by shayaanby shayaanBitcoin’s hashprice has surged to its highest level since early February, rising above $58.5/PH/s following a 7.4% decline in network difficulty—the steepest …
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Mining
Bitcoin Mining Companies’ Revenues Are Falling, But They’re Not Selling – What Does This Mean Historically?
by shayaanby shayaanCryptocurrency analytics company Alphractal has published a remarkable assessment of the Bitcoin mining industry. The report notes that miners are not selling …
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Mining
Why Did Bitcoin Hashrate Plummet After the U.S. Attacked Iran’s Nuclear Facility? Was Iran Mining Bitcoin? Here Are Estimates of Its Bitcoin Holdings
by shayaanby shayaanIran has turned to cryptocurrency mining and trading since 2019, as its local currency has been devalued due to years of harsh …
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Bitcoin miners are earning the least they have in a year, yet most still largely refuse to part with their coins, according …
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Iran has been mining and trading in cryptocurrencies out of necessity due to major global sanctions and a local currency that has …
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Mining
Ethiopians question demand and power consumption despite crypto mining boom
by shayaanby shayaanEthiopia has seen a rise in power concerns attributed to crypto mining activities amid the boom in the country’s cryptocurrency industry. According …
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Mining
Cango Finalizes 18 EH/s Mining Acquisition, Surpasses 50 EH/s as Antalpha Ties Deepen
by shayaanby shayaanCango has completed its previously announced acquisition of 18 EH/s of active bitcoin hashrate from Bitmain’s financial services affiliate, Antalpha, pushing its …
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In June, Bitcoin’s hashrate suddenly plunged to its lowest level in over a year. The decline came amid heightened political tensions between …