Bitcoin ready to attack key trendline, says data as BTC price holds $20K
The 200-week moving average could see another test from the bulls next, according to signals from exchange order book composition. Go to Source Powered by WPeMatico
Profitability
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Bitcoin daily mining revenue slumped in May to eleven-month low
Bitcoin miners have had a tough month, with revenue and profitability tanking in May. Hash rates remain high, however. Go to Source Powered by WPeMatico
Hash rate and difficulty rebound shows miners have recovered from China exodus
Bitcoin mining profitability is up 275% since before the May 2020 halving. Go to Source Powered by WPeMatico
Higher Bitcoin Prices Create Resurrection of Old Mining Rigs, Outdated Miners See New Life
The price of bitcoin has dipped a hair in value this past week, but the crypto asset is still up 14.4% over the course of the last month. Statistics show that Bitcoin’s hashrate has seen a resurgence and because bitcoin’s price has increased, mining profitability and hashrate has followed suit. Today’s top bitcoin mining rig … Read more
How Big Hydro Power Partners With Bitcoin Miners to Prevent Energy Waste
We are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines. What mainstream media fails to explain, however, is that bitcoin mining is actually helping electricity producers prevent energy waste. … Read more
Mining Profitability: Bitcoin vs Bitcoin Cash vs Bitcoin Cash SV
In the world of cryptocurrency mining, profitability is often very difficult to achieve. Not just because it is so difficult to find anything profitable to mine, but also because of the falling prices. Bitcoin’s recent drop has caused an interesting shift in terms of SHA-256 profitability, although it seems evident these figures will continue to … Read more
Mining Bitcoin Cash is 50% Less Profitable Than Bitcoin Mining
When it comes to mining various cryptocurrencies, there are many different factors to take into account. If it is not profitable to mine a currency at a specific moment, one’s best option is to either turn off the unit or mine something else. In the case of Bitcoin and Bitcoin Cash, there has been an … Read more
