Cryptocurrency Analysis and News Portal
Bitcoin (BTC) miners earned 44% more in transaction fees in the nine days since the halving than they did for the whole of April. If this continues miners will have more than doubled their income from transaction fees going forward.According to data from Coinmetrics, miners have collected the equivalent
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On May 11, the Bitcoin network experienced its third block reward halving, which had chopped the 12.5 BTC reward to 6.25 coins following the event. It’s been close to a week later, and data stemming from mining rig profitability websites show that more than 45 older generation devices are
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An amended class action complaint filed against Nvidia Corp has accused the firm of violating the Securities Exchange Act by downplaying the extent to which its gaming revenues relied on GPU sales to cryptocurrency miners.The complaint, filed May 14, claims that Nvidia issued deliberately misleading statements that understated more than
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Bitcoin is rallying again, and some analysts are looking at a potential driver of even higher prices: new data showing that mining pools are hanging onto the cryptocurrency rather than sending it to exchanges for a quick sale.But as with a lot of bitcoin analysis, the interpretation isn't always clear-cut;
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Revenue for Bitcoin (BTC) miners plunged 48% a day following the third halving, as the full impact of the periodic supply cut event began to take effect.According to data from crypto company Blockchain, the total value of block subsidies and transaction fees paid to miners crashed to $8.95 million
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Bitcoin price is rising today. BTC has gained almost 8% to set a daily high of $9,660 but the price is still not adequate for small BTC miners.Bitcoin (BTC) price awakened on May 14. The price is close to $9,700. Earlier, the price had surged to nearly $9,400 before it
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While bitcoin is fast reversing its pre-halving price drop, some miners still look to be leaving the network.At time of writing, the top cryptocurrency by market value is changing hands at $9,730, representing a 20% gain on the low of $8,100 observed Sunday – the day before Bitcoin underwent its
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Despite a post-halving rise in bitcoin’s price Wednesday, the current value may not be enough to keep less-efficient miners operating, and that could shift market dynamics. At press time, bitcoin (BTC) was trading up 2.3% over 24 hours at $9,106. The world’s first cryptocurrency is trading above its 10-day and 50-day
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About a third of Bitcoin (BTC) mining firms may already be switching off their machines as the business becomes unprofitable due to a reduction in mining rewards.The third Bitcoin halving – consummated earlier today – reduced supply of the pioneering cryptocurrency, cutting the bonus paid to miners for solving
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With the halving scheduled to happen in just under four hours, unprofitable miners have already begun shutting down their equipment, vice president at major mining pool Poolin Alejandro De La Torre said in a May 11 interview with Cryptox. Per his estimations, these miners account for “15-30%” of the entire
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