Category: Bitcoin mining

Bitcoin Miner Revenues Surpass Ethereum for the First Time in a Year: Report

Bitcoin Miner Revenues Surpass Ethereum for the First Time in a Year: Report

For the first time in almost a year, revenues for Bitcoin (BTC) miners surpassed those of Ethereum (ETH) in June. But even then, both digital assets have shown dwindling profit margins owing to the prevailing crypto winter. According to a July 5 report by Binance, last month, Bitcoin miners generated $656.47 million. Meanwhile, Ethereum miners […]

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Marathon’s Crypto Mining Capacity Crippled Due to a Massive Storm

Marathon’s Crypto Mining Capacity Crippled Due to a Massive Storm

Marathon Digital Holdings – one of the leading cryptocurrency mining companies – said that 75% of its operations are currently without power because of a devastating storm that passed recently through the state of Montana. Miners from that region are expected to restore some of their activity during the first week of July. The Thunderstom’s […]

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Bitcoin Electricity Consumption Down by 25% Since Early June

Bitcoin Electricity Consumption Down by 25% Since Early June

Bitcoin’s energy consumption has reportedly declined drastically since only three weeks ago. Estimates from the Cambridge Bitcoin Electricity Consumption Index on Friday show that the network now consumes more than 25% less power than it did at the start of the month. According to the index, Bitcoin’s current electricity consumption is approximately 10.65 gigawatts. That’s […]

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Following BTC’s Price Drop, Bitcoin Miners Benefit From a 2.35% Difficulty Reduction

Following BTC’s Price Drop, Bitcoin Miners Benefit From a 2.35% Difficulty Reduction

During the past week, Bitcoin’s hashrate has dropped a few percentages after reaching 288 exahash per second (EH/s) on June 8, 2022. Bitcoin miners, however, got a break on Wednesday, June 22, as the mining difficulty dropped by 2.35% making it easier for miners to find blocks. The 2.35% drop brings the difficulty down to […]

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Bitcoin Miners Sold 100% of Their Outputs in May: Analyst

Bitcoin Miners Sold 100% of Their Outputs in May: Analyst

Digital assets-focused firm Arcane’s latest research on bitcoin miners indicates that public-traded companies sold 100% of their mined coins in May due to declined profit margins and volatile market conditions. The selling rate drastically jumped from roughly 30% in the first four months of 2022. HODL Strategy During the bull market, publicly-traded bitcoin miners tended […]

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Crypto News: Washington State Raises Bitcoin Mining Charges By 29%

The charges to access hydroelectric power for Bitcoin Mining F has now gone up by 29% in Washinton state located in Western United States. The new raise was commissioned by a Public Utility District Commissioner of the Chelan county, Gary Arsenault, and became effective on June 1st, 2022. The raise is important for business Even […]

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Bitcoin Miners in Washington Will Have To Pay 29% More For Their Electricity

Bitcoin Miners in Washington Will Have To Pay 29% More For Their Electricity

Bitcoin mining is about to become way harder for US-based miners, not because of the automatic difficulty adjustments but because of local politicians. This time, the state of Washington announced a significant price increase that could make many miners consider moving to another state or even country. On June 01, Chelan County, one of the […]

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China Targets Xinjiang’s Development Park for Introducing Bitcoin Mining in 2018

China Targets Xinjiang’s Development Park for Introducing Bitcoin Mining in 2018

In a new report, a central leading group for the inspection work of ecological and environmental protection said that ecological and environmental problems in some of the areas of Xinjiang Uygur Autonomous Region and Xinjiang Production and Construction Corps (XPCC) are still prominent, and are not well resolved. The inspecting team revealed that certain localities […]

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