Bitcoin miner revenue surges to pre-halving levels
Miners are likely starting to sell some BTC at this point. Go to Source Powered by WPeMatico
Bitcoin Halving
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Report: Bitcoin Set for its Biggest Breakout Yet
A recent Coinmetrics report says on-chain fundamentals are hinting at bitcoin experiencing its biggest breakout yet. The report notes that bitcoin is already showing signs of this following its rise by about $1,000 in one day on October 21. The digital asset has subsequently set a new all-time high for the year. A New Precedent … Read more
Only 2.5 million Bitcoin left to mine
But with Bitcoin demand on the rise, can we expect more scarcity? Go to Source Powered by WPeMatico
What death spiral? Bitcoin mining difficulty rises by 9% since halving
Bitcoin mining difficulty has risen by 9% since the May 11 halving, demonstrating that the ecosystem remains healthy despite post-halving miner capitulation fears. Go to Source Powered by WPeMatico
Miner Hut 8 Reports Q2 Revenue Plunged 67% to $6.9 Million Due to Bitcoin Halving
Canadian miner Hut 8 Mining Corp has reported that second quarter revenue tumbled 67% to $6.9 million from $21.2 million a year ago, as Bitcoin’s supply cut in May forced production to decline. The Toronto Stock Exchange-listed company extracted just 795 bitcoin (BTC) in the April to June quarter, compared to 1,165 BTC in the … Read more
Bitcoin Halving and Ethereum 2.0 Bring Big Changes for Crypto Miners
How Bitcoin’s third halving, Ethereum 2.0’s launch and the COVID-19 pandemic are affecting the crypto mining industry. Go to Source Powered by WPeMatico
Bitcoin Difficulty Touches All-Time High, 120 Exahash of Hashpower Remains Strong
The network difficulty for the Bitcoin network spiked over 9.8% on Monday bringing the difficulty to its highest point ever. The record high of 17.35 trillion makes it much harder for bitcoin miners to profit. However, the overall Bitcoin network hashrate has remained consistently above the 120 exahash per second (EH/s) zone. On July 13, … Read more
Bitcoin Price Touted to End Stagnation in Style, Surging to New High
While Bitcoin’s value seems to have stagnated over the past few months, some believe that a price surge is just around the corner. Go to Source Powered by WPeMatico
Demand for Bitcoin Will See a Dramatic Shift in 8 Years – Retail Addresses to Eat up Entire New Supply
A recent report from ZUBR Research explains that by 2028, retail demand for bitcoin will exceed the supply. The report highlights that in eight years as Bitcoin’s supply rate decreases “retail size addresses [will] begin to eat up all the new supply alone.” Even the next halving in 2024 could see retail accounting for acquiring … Read more
Average Price of Bitcoin More Than Quadrupled Between Reward Halvings
Investing in bitcoin has been somewhat of a phenomenon, as millions of individuals have invested funds into the crypto-economy since at least 2010. One specific and lucrative method of investment is dollar-cost averaging. If an individual was to invest $10 a week into purchasing bitcoins since July 2010, the $5,130 USD (overall cost of investment) … Read more
