Cryptocurrency Analysis and News Portal
The January launch of Bitcoin Ordinals created a stir within the crypto community about its place within the Bitcoin ecosystem. Users are debating whether they offer new use cases for Bitcoin or if it takes away from BTC’s peer-to-peer cash system vision.No matter the community sentiment on the Bitcoin-based nonfungibale token
Read More
After a small decrease of 0.49% on Feb. 12, 2023, Bitcoin’s network difficulty is expected to experience a significant increase in three days on Feb. 24. Estimates indicate the difficulty could see the largest rise of the year, surpassing the 10.26% increase that occurred on Jan. 15 at block height
Read More
In January 2023, during the World Economic Forum’s (WEF) annual conference in Davos, Switzerland, Jaime Leverton, CEO of Hut 8, a crypto mining entity that trades as a public company, sat down with me for a fireside chat at the Crypto Summit on the Promenade. Leverton outlined some of her
Read More
The Canadian miner is launching its high-performance computing cloud business, which is 25 more profitable than mining. Source
Read More
The discount coupons issued last year haven't been used because miners don't have the cash to spend on new equipment. Original Source
Read More
Bitcoin mining operation Cleanspark has acquired 20,000 brand-new Bitmain mining rigs for $43.6 million, the company reported. Once installed, Cleanspark expects to increase its capacity by 37% by adding roughly 2.44 exahash per second (EH/s) to the firm’s fleet. Cleanspark CEO Says Proprietary Mining Model Gives Company Greater Control and Efficiency Cleanspark,
Read More
The SBC was sold "with a discount to the market price because this was the first transaction of its kind. Based on today’s bitcoin energy consumption levels, we estimate that SBC would sell now for approximately $1,150, which is roughly a 5% revenue add to a miner’s bottom line," if
Read More
The assets, which offer a discount of 10%-30% on Bitmain purchases for a limited period, can be sold to any bona fide third party, but with with the consent of a Committee representing Celsius’ unsecured creditors, bankruptcy judge Martin Glenn said. Source
Read More
Two residents of the Russian city of Tomsk will be tried for “large-scale robbery” involving the theft of cryptocurrency worth millions of rubles from a local miner. The digital coins were stolen from the owner at gunpoint, authorities said, adding that both criminals are now in custody. Thieves Face Trial
Read More
Starting in late 2021, mining firms took out big loans to build out mining capacity. This hypercharged the development of new mining sites, and the hashrate quickly climbed. However, the economics of mining also deteriorated significantly due to the increased competition and, later, the bear market – sending some of
Read More