A Twitter poll by node operator @cryptovium revealed that most Ethereum miners intend to mine Ergo after the Merge. “With the imminent #PoS $ETH merge, I’m curious what all the #miners out there are p...
Tag: Miners
Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits
2022 has been an exceptionally rough year for the crypto market, and the last few months of Bitcoin’s (BTC) price action could be a sign that bears aren’t even close to being ready to let up. Crumblin...
Bitcoin miners’ revenue drops to a 12-month low as crypto industry struggles
As a direct impact of the crumbling Bitcoin (BTC) prices, revenue earned by miners has also taken a big hit as the general crypto market attempts to exit the bear market. Notably, Bitcoin mining profi...
Gold and silver miners hit all-time lows compared to the S&P 500
With the consumer price index (CPI) coming in flat month-on-month, some jubilation returned to the broader asset markets, with the S&P 500 and risk assets surging. On the other hand, gold, silver,...
BTC to lose $21K despite miners’ capitulation exit? 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week fresh from a new multi-week low amid a return of highly nervous sentiment. After dipping below $21,000 over the weekend, the largest cryptocurrency is consolidating aro...
The Merge is Going to Devalue Ethereum Miners
The Adoption of a New Technique The biggest shift to Ethereum in its entire history of existence is expected to happen in a few weeks. The proof-of-work consensus mechanism that has been used up until...
What did the policymakers ask the Miners Core, Scientific, Riot, and Stronghold?
The house committee on energy and commerce sent a letter to the four biggest crypto mining operations. The letter asked the companies to answer certain questions. The House Committee of Energy and Com...
What Did US Lawmakers Ask Miners Core Scientific, Riot, Marathon & Stronghold?
The four biggest US-based mining operations – Core Scientific, Marathon Digital Holdings, Riot Blockchain, and Stronghold Digital Mining – got a letter from the House Committee On Energy and Commerce....
Japanese Crypto Miners Are Forced To Exit Russia Because Of War And Crypto Winters
Approximately 31 Japanese crypto exchanges were ordered to halt their services to Russian users. SBI will continue to operate its Moscow-based banking unit. Ukraine- Russia war and ongoing...
Why bitcoin miners in Texas are getting paid not to mine bitcoin
As bitcoin miners flock to Texas, one of the toughest things they’ve had to contend with is the heat. In July, however, mining firm Riot Blockchain showed how it’s possible to cash in on it — by not m...
Ethereum Merge prompts miners and mining pools to make a choice
The Ethereum blockchain is all set to make its highly anticipated transition from its current proof-of-work (PoW) mining consensus to proof-of-stake (PoS). The Merge date is officially scheduled for S...
Bitcoin Miners Cash in Significant Earnings Before Price Fall
6 hours ago | 2 mins read Bitcoin News BTC has been able to maintain a $24,000 support level over the previous weeks. Over the last day, the value of BTC has fallen by over 8%. Many investors lost mon...
Bitcoin Miners Take in Bear Rally Profits by Selling More Than 6,000 BTC Since August 1 – Coinotizia
Bitcoin’s value against the U.S. dollar lost 7.3% during the last 24 hours after more than $600 million in value was removed from the $1.07 trillion crypto economy. Statistics show that a number of bi...
Bitcoin Miners Take in Bear Rally Profits by Selling More Than 6,000 BTC Since August 1 – Bitcoin News
Bitcoin’s value against the U.S. dollar lost 7.3% during the last 24 hours after more than $600 million in value was removed from the $1.07 trillion crypto economy. Statistics show that a number of bi...
Bitcoin Miners Pocketed Quick Profit by Selling Nearly 6K BTC Amid Recent Rally
It has been a tough year for crypto miners who had to sell their coins to cover their costs and fund expansion as well as for the repayment of debts. But this trend appears to be continuing into the t...
War and bear market forces Japanese crypto miners to flee Russia
Listen to this article. Japan’s largest online broker is packing up its crypto mining operations in Russia due to uncertainty caused by the Ukraine-Russia war and ongoing crypto rut. As reported by Bl...
Bitcoin Miners Leave Russia As Another Major Firm Backs Out
Russia has been at the center of worldwide scrutiny since it began the Ukraine invasion. In the latest development, SBI Holdings, Japan’s largest online brokerage has decided to close down its mining ...
Bitcoin miners sell 6,000 BTC taking advantage of the short-lived upturn
Despite the majority of digital assets in the cryptocurrency market trading in the red again, the brief upswing earlier in the week has led many Bitcoin (BTC) miners to take the opportunity to make so...
House Lawmakers Send Letters to 4 US Crypto Miners Asking for Details on Environmental Impact
“Blockchain technology holds immense promise that may make our personal information more secure and economy more efficient,” the letters said. “However, the energy consumption and hardware required to...
Giant Bitcoin Miners Lost Around $1B During Crypto Winters in 2022 –
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Ethereum Miners To Freeze Liquidity Pool After Hard Fork
Several reactions have come from the crypto industry with the upcoming Ethereum upgrade, the Merge. The upgrade is expected to transit the Ethereum blockchain from using the Proof-of-Work (PoW) consen...
Electricity Consumption of Russian Crypto Miners Spikes 20 Times in 5 Years, Research Finds – Mining Bitcoin News
Power needs of cryptocurrency miners in Russia have grown significantly since 2017, with consumption of electrical energy seeing a 20-fold increase over the five-year period. In 2021, the minting of t...
Bitramo releases powerful crypto miners!
Crypto mining enthusiasts around the world are going through exciting times since the launch of Bitramo miners. This blockchain technology startup has recently stormed into the crypto market with thre...
By the Numbers: The Signs Bitcoin Miners Are Done Selling
Selling pressure had been mounting on public bitcoin miners over the last couple of months. This was a direct result of the decline in the price of the digital asset, which saw the cash flow for bitco...
Miners Suffer Significant Losses as Bitcoin and Ethereum Prices Trades Sideways at $24K Level
With a minimal change in trading volume over the last day, the price of bitcoin has continued to move sideways this week. After reaching a high of $25k on Sunday, BTCUSD is again trading in the high $...
ETH Providing Huge Profits to the PoW Miners; Now the Merge is Coming Close
The Merge Coming Nearer The Merge is anticipated to be implemented on the Ethereum blockchain in a little more than a month, forcing the network’s proof-of-work (PoW) miners to mine a different ...
Bitcoin miners forced to dump holdings to stay afloat amid market crash
Public bitcoin (BTC) miners are being forced to sell off their coins faster than they can unearth them as they look to claw back losses, cover costs, and repay debts in the wake of the market’s 60% pl...
Ethereum Miners To Freeze Liquidity Pool After Hardfork, Here’s Why
Ethereum miners, specifically the ETHPOW group, have announced a liquidity pool freezing technology. ETHPOW is the group of Ethereum miners who have vowed to hardfork the chain after the merge. In a ...
Bitcoin Miners Suffer Over $1 Billion Loss In Q2 2022
After incurring a number of impairment losses brought on by the decline in cryptocurrency prices, the three biggest US publicly traded Bitcoin mining companies lost more than US$1 billion in the secon...
Bitcoin miners hodl 27% less BTC after 3 months of major selling
According to a fresh prediction from crypto analysis firm Arcane Research, miners will continue to sell more BTC than they earn. Miners sold nearly 30% of record BTC stash since May The trip to $25,00...
Bitcoin miners sold 60% less BTC in July as crypto market volatility subsides
After a difficult period that slashed the prices of many of its digital assets, the cryptocurrency market seems to be slowly regaining its strength, easing up the selling pressure from public Bitcoin ...
PoW Miners Rake in Profits Mining ETH Until the End, Ethash Networks Expect a Boost, JPMorgan Strategists Say ETC Could Benefit – Coinotizia
In just over a month’s time, The Merge is likely to be implemented on the Ethereum blockchain and the network’s proof-of-work (PoW) miners will be forced to mine another coin. So far, it seems ethereu...