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Browsing Category
Mining
Historic Drop in Bitcoin Revenue Leaves Miners Struggling
After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The recent uptick in Bitcoin’s mining difficulty, coupled with the subsequent…
Airbnb host adds ‘no crypto mining’ rule after tenant installs 10 rigs
An Airbnb owner has been forced to implement a new ‘no crypto mining policy’ after a tenant installed 10 mining rigs that racked up a $1,500 electricity bill in just three weeks. Ashley, who runs a…
Bitcoin Network Faces Centralization Challenge as Two Pools Dominate Mining
Foundry USA and Antpool now have more than 60% Bitcoin hash rate, which increases the problem of centralization in the Bitcoin network. Centralization of mining power introduces the threat of a 51%…
Bitcoin Mining Squeeze: July Revenue Hits Lowest Monthly Intake of the Year
In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million was generated from transaction fees, reflecting a trend of low onchain…
Bitcoin Mining Giants from Wall Street: Ranking the Top 5 by Market Cap
Over 20 companies engaged in Bitcoin (BTC) mining, the process of extracting the oldest cryptocurrency for profit, are now listed on global stock exchanges. Wall Street is home to the vast majority of…
Bitcoin Skyrockets to New All-Time High in Mining Difficulty Amid Largest Increase Ever
Yesterday, Aug. 1, 2024, Bitcoin (BTC) mining difficulty reached a historic peak following a significant increase of 10.5%, reports Galaxy's Head of Research Alex Thorn. In percentage terms, this rise…
Bitfarms boosts production by 33%, increases Bitcoin holdings above 1,000 BTC
Bitfarms said its Bitcoin production and holdings increased last month despite the rising mining difficulty, according to an Aug. 31 statement. The crypto miner revealed a 33.8% rise in Bitcoin…
Crypto Billionaire Novogratz Says 2024 Is Pivotal for Bitcoin Mining Industry
In a recent social media post, cryptocurrency mogul Mike Novogratz stated that 2024 is a "pivotal" year for Bitcoin mining. He has stated that the industry managed to display "incredible resilience"…
Marathon Digital Posts $200 Million Quarterly Loss Amid Bitcoin Mining Sector Woes
Bitcoin miner Marathon Digital Holdings reported a significant loss for the second quarter of this year, citing the impact of Bitcoin’s halving event on its operations as rivals posted similar…
Bitcoin Miner Marathon’s Shares Tumble After Revenue Unexpectedly Misses Wall Street’s…
The shares of bitcoin miner Marathon Digital (MARA) fell as much as 8% on Thursday post-market trading after the company's second quarter revenue missed Wall Street's expectations. The shares have…