Bitcoin revenue per terahash nears record lows as hashrate soars
As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability. Go to Source
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Bitcoin mining researchers claim new tech ups winning hash chance by 260%
U.K.-based research company Quantum Blockchain Technologies has developed algorithmic search methods that boost Bitcoin mining efficiency and reward probability. Go to Source
Bitcoin miners still bullish despite toughest bear market yet – Hut8, Foundry, Braiins
Bitcoin mining firms have been forced to sell newly minted Bitcoin to cover operational costs during one of the toughest bear markets for miners on record. Go to Source Powered by WPeMatico
Bitcoin miners hedging with recent sell-offs: Bitfinex report
All-time high hash rates and mining difficulty indicate that miners are bullish on Bitcoin, while recent sell-offs could be a means to hedge positions. Go to Source Powered by WPeMatico
Miners send millions to exchanges — 5 things to know in Bitcoin this week
Bitcoin miners appear to be reducing risk as the significance of BTC price above $30,000 remains firmly in evidence. Go to Source Powered by WPeMatico
SEC, CPI and a ‘strong rebound’: 5 things to know in Bitcoin this week
Bitcoin faces a week full of potential price triggers — both up and down — as BTC price action drops below a major trend line. Go to Source Powered by WPeMatico
Bitcoin mining firms keep building despite BTC mining profitability slump
Crypto mining firm CleanSpark has been aggressively expanding its fleet of mining machines this year, despite mining profitability being far from its all-time highs. Go to Source Powered by WPeMatico
Bitcoin’s Ordinal Inscriptions Surpass 7 Million Mark, Fueling the Trend’s Unstoppable Momentum
On May 15, 2023, the number of Ordinal inscriptions surpassed the 7 million mark and as of 9:00 a.m. Eastern Time on Tuesday morning, 7,204,882 Ordinal inscriptions have been added to the Bitcoin blockchain. Miners have collected 1,324 bitcoin in fees by confirming inscription transactions which equate to roughly $35.86 million in added onchain fees. … Read more
BRC20 Token Economy Thrives Amidst Crypto Downturn, Surging 53% in Five Days
Despite the broader crypto-economy experiencing a downward trajectory, dropping 1.59% in the past 24 hours and hovering around $1.11 trillion, the BRC20 token economy has bucked this trend, expanding from $279 million to over $427 million within five days. Impervious to Market Slump, BRC20 Tokens Defy the Odds Built atop the Bitcoin blockchain, the recently … Read more
A ‘Tremendous Variety of Possible Transaction Types’ — A Look at the Conversation Between Nakamoto and Andresen
The Bitcoin mempool, otherwise known as the network’s transaction backlog, is still clogged with over 390,000 transactions waiting to be processed by miners. To clear the mempool, more than 190 blocks need to be mined. As the scaling issues continue to plague the network, a conversation between former Bitcoin developer Gavin Andresen and the network’s … Read more
