Bitcoin mining energy consumption has been one of the most addressed issues in the crypto space. Concerns over its energy consumption and environmental impact had been reasons cited during the China crackdown that saw miners exit out of the region en masse. The once bitcoin mining capital of the world had seen its hashrate crumble…
According to a report from Dallas News, this sibling duo has been bringing in thousands of dollars mining Ethereum. While most kids are playing with their computers, siblings Ishaan and Aanya Thakur are making money with theirs. The bother-sister duo currently makes $32,000 a month from their Ethereum mining operation which they started in their…
There’s seemingly a constant conversation, particularly with those involved in legacy financial institutions, about how cryptocurrency can be – to a certain degree – “de-risked.” Can government mining, or merely taxation structure, address this? While many traditional financial players that are not crypto-first, but are crypto-adjacent (take Visa as a prime example) are relying on…
The Bitcoin Mining Council has publicized its aim to tackle negative media narratives. In its inaugural meeting which was hosted on Twitter Spaces, the council discussed bad press that has been surrounding Bitcoin and its mining in the past weeks. The China crackdown has led to the shut down of a number of mining farms.…
Just months ago, in March, many thought Bitcoin was on its way out. The cryptocurrency registered a 50% drop in a single 24-hour period in March, falling as global markets imploded.BTC miners followed suit, shutting down their machines en-masse because they weren’t profitable.But just three and a half months later, network data shows that Bitcoin…
Bitcoin price continues to consolidate above $9,000 but has repeatedly failed to break above $10,000. The lower the asset’s value gets, the more it falls below the cost of production for many miners.A key metric measuring the impact price action has on miner operations, is signaling that more miners are capitulating during the current price…
After fears of “capitulation” passed over the market, Bitcoin miners are back in the game, activating new hardware once again after May’s block reward halving.There’s been such a high amount of activity in the mining space that according to Bitcoin data analyst Digitalik.net, blocks are being mined (on average) at their fastest rate since June…
Binance Pool has become the 11th largest Bitcoin mining pool in the world, according to data from BTC.com. The exchange’s CEO Changpeng Zhao shared the news earlier today, using older data that showed Binance Pool ranked 8th with 4.23% of the total hashrate. Binance Pool Sees Slow and Steady Growth in HashrateBinance, one of the largest…
Bitcoin mining hardware manufacturer Canaan has recorded a net loss of $5.6 million in Q1 2020, despite seeing a huge increase in profits. According to the company’s newly released financial report, its gross profit increased by 417% from Q1 2019, while total net revenues increased by 44%. Unaudited Report Shows Canaan Suffered Huge Losses in Q1According…
Bitcoin‘s halving is just three weeks away at this point, and with the critically important event happening so soon, the first-ever crypto asset is at an especially pivotal junction that could shape the future of the asset in the near and long term.But what exactly does the halving mean, and why is it that crypto…