Mining heavyweights offload more bitcoins to help cover operating costs. More than $300 million worth of bitcoins were transferred out of a wallet in one 24-hour period last week, with the last few we...
Tag: Miners
Bitcoin Miners Transferred $300 Million Worth Of Assets In A Day
Crypto miners have mobilized more than $300 worth of Bitcoin. Miners are offloading the crowned asset in bulk during the past few weeks. Bitcoin was currently trading at the market value of 22,006.05....
Miners sold 14K Bitcoin worth $300M on July 15, largest dump since January
Numbers from blockchain analytics firm CryptoQuant showed that miners sold 14,000 Bitcoin (BTC) worth roughly $300 million on July 15, the largest amount sold since January. A sell-off trend among min...
Two Giant Miners Warn of Tougher Times as World Demand Wavers
(Bloomberg) — Mining giant BHP Group has joined rival Rio Tinto Group in signaling more turbulence to come for commodities producers as costs balloon and demand for everything from iron ore to c...
Crypto miners should disclose energy data
Cryptocurrency miners to disclose data on energy use Bitcoin mining industry employed an estimated 58.4% sustainable energy mix Crypto miners are large energy users that account for a significant amo...
Can Budding Troubles for Bitcoin Miners Result in BTC Price Crash?
Several bitcoin miners have seen tough times during recent market turmoil – but they do not seem to come to an end soon. Many cryptocurrencies have struggled during the recent market crash...
Seven Crypto Miners Show ‘Disturbing’ Energy Use, Lawmakers Say
“The overall US crypto mining industry is likely to be problematic for energy and emissions,” lawmakers wrote They flagged that crypto miners have caused increased electricity costs for small business...
Sweden says Bitcoin miners do not create jobs despite high energy demands
The energy minister of Sweden, Khashayar Farmanbar, does not agree that giving power to Bitcoin miners is feasible. Farmanbar said it was better to give energy to job-creating projects such as steel p...
Bitcoin’s Price Could Drop Below $20K as Miners Facing Capitulation (Analysis)
On-chain data reveals that bitcoin miners could be close to their capitulation after selling the most substantial chunk of BTC holdings for the past several months. As such, the asset’s price could be...
Warren Targets Crypto Miners Over “Disturbing” Energy Consumption
Key Takeaways Senator Elizabeth Warren is leading a regulatory push to have U.S.-based crypto miners report their energy use and carbon emissions data. On Friday, she and five other Congressional Demo...
BTC miners ‘finally capitulating’ — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week nearing key resistance as the shock of the latest United States inflation data passes — can the strength continue? The July 17 weekly close may have been practically id...
House, Senate Democrats push regulators to demand data from Bitcoin miners
A group of Congress members including US Sen. Elizabeth Warren and US Rep. Jared Huffman sent a letter to the Department of Energy (DOE) and Environmental Protection Agency (EPA) Friday asking regulat...
Bitcoin miners sold nearly 400% of their production in June but…
Bitcoin, the world’s largest cryptocurrency, despite the latest price hike, is finding it difficult to lure miners and prevent the exodus. For many operators, Bitcoin mining was an astonishingly lucra...
Could Bitcoin miners’ troubles trigger a ‘death spiral’ for BTC price?
A July 9 post by @PricedinBTC on the “cost to mine Bitcoin” in the United States gathered the crypto community’s attention, especially considering the recent headlines that BTC miner...
Profits are down by 58%, but how are Bitcoin and miners coping after June
A great deal of analysts and traders’ focus is fixated on investors. However, when the market moves, it not only affects investors, but the miners as well. June’s crash had a rather profound impact on...
Crypto Miners In Texas To Shut Down Amid Heatwave Concerns
Crypto excavators in Texas shut down their tasks in front of a heat wave Experts believe it will test the constraints of the state’s power framework The solicitation to close down came from the not-f...
On-Chain Data Shows Bitcoin Miners May Be Preparing To Dump
On-chain data shows Bitcoin miners withdrew a large amount of coins from their wallets yesterday, suggesting they may be planning to sell them. Bitcoin Miners Transferred 14k BTC Out Of Reserve Yester...
Bitcoin Miners Send 14K BTC To One Block. Bullish News For The Market?
After the official US inflation numbers were released, bitcoin prices started to rise. However, during the previous month, the BTC miners have increased their outflow. A new set of tax policies target...
BTC mining costs reach 10-month lows as miners use more efficient rigs
The cost of mining one Bitcoin (BTC) has fallen to ten-month lows as mining hardware becomes more efficient, and difficulty has dropped 6.7% since its May peak. On Wednesday, strategists from JPMorgan...
Bitcoin Miners Move 14K BTC; How This Will Affect Its Price?
Bitcoin prices have shown positive intend toward after the release of official US inflation data. However, the BTC miners have increased their outflow since the last month. Bitcoin miners netflow vol ...
Bitcoin Miners Under Pressure – The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News
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Ethereum Mining Pools Will Survive The Merge—What About the Miners?
As Russia’s invasion of Ukraine continues to upend the lives of millions, many Ukrainians have turned to a reliable source of income that’s relatively passive and requires little maintenance: Ethereum...
New High Tax Rate On Crypto Miners In Kazakhstan, Here’s Why
Kazakhstan has imposed new tax rules on crypto miners, this new taxation system shall be differentiating the tax rates on crypto mining. It also includes crypto miners that use renewable energy resour...
Bitcoin miners still under pressure to sell but declining production costs provide relief
The recent downturn, along with a myriad of other factors, has put Bitcoin mining companies under pressure to stay operational. According to Politico, miners have also had to contend with interest rat...
Will miners survive Ethereum The Merge upgrade?
Ethereum prepares to maneuver from proof-of-work mining to proof of stake, thousands of ETH miners could also be left stranded. As Russia’s invasion of land continues to upend the lives of millions, s...
Bitcoin Price Could Fall to $13,000 as Crypto Miners Cut Costs
Text size Miners appear to be using less electricity to produce cryptocurrencies. Mark Felix/AFP via Getty Images Bitcoin miners have come under pressure from a one-two punch of rising energy costs an...
‘Unprecedented Opportunities’ — Cleanspark Acquires 1,061 Bitcoin Miners at a ‘Discounted Price’ – Mining Bitcoin News
On Thursday, the publicly-listed bitcoin mining firm Cleanspark announced that it added 93 petahash per second (PH/s) of hashpower to the company’s existing operations by acquiring 1,061 Whatsminer M3...
Bitcoin hashrate plummets as Texas-based miners suspend operations
Bitcoin (BTC) hashrate dropped to as low as 159.41 exahashes per second (EH/s) on July 13, its lowest in five months, as Texas-based miners were forced to go offline. According to data from BTC.com, t...
Kazakhstan’s New Law Imposes Higher Tax Rates on Crypto Miners
Miners in the country will now have to pay increased tax rates tied to the electricity prices consumed by these entities. Increased Tax Burden for Crypto Miners Consistent with the rapid advances towa...
Bitcoin miners in Texas ordered to pause all mining processes
Texas Licensed Bitcoin miners to halt all Bitcoin mining activities. Texas recorded its all-time highest temperature on ten July. For the last few months, Texas was in the path...
Kazakhstan imposes new tax rules on crypto miners
The President of Kazakhstan signed a bill to apply a differentiated tax rate based on the energy consumption of crypto miners on July 11. The new bill altered the country’s law on Taxes and Other Mand...
President of Kazakhstan Enacts Law Amending Country’s Tax Code To Impose Higher Rates on Crypto Miners
The President of Kazakhstan, Kassym-Jomart Tokayev, has enacted a law amending the country’s Tax Code to impose a higher tax rate on cryptocurrency miners. The increased levy will be based on the amou...