Cryptocurrency Analysis and News Portal
Despite the fact that bitcoin miners are getting bare minimums in profits per petahash per second (PH/s), and the myriad of headlines showing specific mining operations folding from the crypto winter, the network’s total hashrate continues to chug along at close to 300 exahash per second (EH/s). With lower bitcoin
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Cryptocurrencies like Bitcoin (BTC) are created using a distributed computing process called mining. Miners (the network participants) undertake mining to verify the legitimacy of transactions on the blockchain and ensure network security by preventing double-spending. In return for their efforts, miners are rewarded with a certain amount of BTC. There are
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"All units outside of the [Bitmain Antminer] S19 XP [go] into negative gross margin territory," at above 9 cents per kilowatt hour, said Ethan Vera, chief operating officer at mining services firm Luxor Technologies. "If hashprice [the value of 1 terahash/second of computing power per day] trends down we expect
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Russian revenues from the minting of bitcoin saw a multifold increase in the past few years before declining significantly since this past spring. The findings come from a new study which also established that the sector was growing during both ups and downs in the crypto market. $1.4 Billion in Turnover
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The AFIP located a shed allegedly used for crypto mining, “with a large number of video boards along with racks and sources required for their connection,” the agency said, adding that it seized “significant amounts of cash and crypto mining equipment.” Original Source
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“In the coming months and years, the Commission intends to take various steps to boost digital energy services while ensuring an energy-efficient ICT sector, including… an energy efficiency label for blockchains,” the commission added – apparently drawing a parallel with the existing disclosures that must be made to those buying
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The move opens a front of competition with Jihan Wu's Bitdeer, a cloud mining operator that also launched a $250 million fund to buy distressed assets in late September. Wu is the ousted co-founder of Bitmain, the largest manufacturer of crypto mining machines in the world. Another big player in
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Cryptocurrency exchange Binance has set out to support crypto miners through a lending program established by its mining pool. Presenting the initiative this week, the coin trading platform also unveiled that Binance Pool intends to launch cloud mining products. Leading Exchange Binance Looking to Help Bitcoin Miners in Difficult Times for
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Following the largest difficulty increase the Bitcoin network has seen in 2022, the network’s hashrate has not been affected by the 13.55% increase. In fact, five days ago at block height 758,138, the network’s computational power surpassed the all-time high (ATH) recorded on October 5, as it reached 325.11 exahash
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Last year, miners struggled to buy enough rigs. Manufacturers couldn’t fulfill orders fast enough. Now, Matt Schultz, executive chairman of bitcoin miner CleanSpark (CLSK), figures 250,000 to 500,000 mining rigs are still sealed up in boxes in the U.S. alone, based on his conversations with analysts. Ethan Vera, chief operating
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