In the latest episode of Anthony Pompiliano’s “Best Business Show,” guest expert Nic Carter, a well-known Bitcoin maximalist and partner at Castle Island Ventures, shared a number of...
Tag: Miners
Bitcoin Miners- Which Public Companies Will Survive Crypto Winter?
Off late, a skyrocketing number of firms are investing in Bitcoin and to verify these transactions, Bitcoin miners come into play. In this bearish phase of crypto winter in market, will these public B...
Capitalizing on buyer’s market, CleanSpark acquires 1,800 bitcoin miners
Bitcoin miner CleanSpark acquired 1,800 Antminer S19 XP machines, leveraging current market conditions to secure a better deal. The company said that the new miners will add over 252 petahashes per se...
Miners Sell 88,000 Bitcoin – Trustnodes
Transfers to exchanges from bitcoin miners spiked to all time high on Tuesday according to the blockchain analytics startup Coinmetrics. “A net 88K BTC was sent to exchanges from miners,” Kyle Waters ...
Rising Energy, Sinking Crypto Prices See Miners Scaling Back
Bitcoin miners are scaling back operations due to downward trending cryptocurrency prices and rising cost of energy. The Bitcoin hashrate has dropped by 4% since the beginning of the week, according t...
Public Bitcoin Miners Struggle To Keep Up With Difficulty As BTC Production Declines
The recent decline in the price of bitcoin is not the only thing that those in the space have had to deal with. It has spilled into other important aspects of the community such as mining. Public and ...
Ethereum mining no longer profitable for many miners
Ever-increasing energy prices has made GPU mining unprofitable Energy prices and ETH dip cause perfect storm ETH Price at the time of writing – $1,125.67 Interestingly beginning around 2020, Ethereum ...
Bitcoin miners’ exchange flow reaches 7-month high as BTC price tanks below $21K
Bitcoin’s (BTC) price tanked to a 52-week low of $20,800 earlier on Wednesday, down by over 70% from its all-time high of $68,788. Although the price has since recovered above $21,000, key market indi...
Bitcoin Miners’ Exchange Flow Rises To Seven-Month High Amid Bloodbath
Bitcoin mining profitability has plummeted by more than 75% from the market peak, and is now at its lowest level since October 2020. Bitcoin Price Plummets Further Bitcoin’s price plummeted to a 52-we...
Geared for miners, traders, and HODLers
What is the best BCH wallet? Digital assets such as Bitcoin and Ethereum may be stored, sent, and received using crypto-wallets. Apps such as Coinbase Wallet and hardware wallets such as Ledger (simil...
What made Hut 8 to take its place among top bitcoin miners?
Amidst the massive breakout all around the market other headlines also emerged in the space such as mining firm Hut 8 is getting into elite bitcoin miners list Not everything in the market is going ba...
Ethereum mining no longer profitable for many miners as energy prices and ETH dip cause perfect storm
? Want to work with us? CryptoSlate is hiring for a handful of positions! For the first time since 2020, Ethereum mining has become unprofitable for many miners connected to a traditional energy grid....
Washington Bitcoin Miners Now Have To Pay More In Electricity Bills
Bitcoin mining is one expensive activity someone can organize, as it consumes a heavy amount of electricity. The latest electricity rates for miners were anticipated to be introduced at the beginning ...
Bitcoin Crash Threatens To Shut Down These Miners
As Bitcoin (BTC) slumps below the $25,000 price level, several miners of the token face a potential shut down due to dwindling profitability. Bitcoin slumped over 12% in the last 24 hours and is now s...
Electricity Rates Increase 30% For Bitcoin Miners In Washington
As Bitcoin mining operations require more high degree of electricity than any other consumers, County Public Utility District (PUD) Commissioners have approved a bill this week to charge Bitcoin miner...
Here’s Why Bitcoin Miners In Texas Are Cutting Down On Power
June witnessed record-breaking power use levels which occurred due to high temperatures in Texas, posing a challenge for the power grid of the state. According to data from the Electric Reliability C...
Miners in Texas respond to heatwave and record power demand
High temperatures in Texas this week have led to record-breaking power use levels for the month of June, presenting a test for state’s power grid. And the heatwave has had implications for some ...
Bitcoin Miners To Witness Rate Hike By 29% On Hydroelectric Power In Washington
The promise of Washington state to provide cheap hydroelectric power for Bitcoin miners apparently went in vain. Chelan County has now executed a new cryptocurrency rate hike by twenty-nine perc...
Bitcoin miners criticize New York ban on PoW mining
The New York state recently passed a bill that banned proof-of-work (PoW) mining within the state. The ban has raised criticism from Bitcoin miners, who have said that if the state’s governor signs it...
BTC miners are affected by the increase in power rates
BTC miners A few days before the start of June, the crypto mining industry is optimistic, reporting an increase in its operations. The United States is among the most relevant countries for Bitcoin mi...
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 s...
Bitcoin Miners Will See 29% Rate Hike on Hydroelectric Power in Washington
The promise of cheap, hydroelectric power for Bitcoin miners in Washington state has started to fade. A 29% rate hike for hydroelectric power in Chelan County, created specifically for cryptocurrency ...
Bitcoin (BTC) Miners Revenue Continues to Decline as its Price Struggles to Stay Above $30K – crypto.news
According to a Glassnode tweet, Bitcoin miners’ revenue has continued to decline, while the cost of production has also increased due to the market’s current state. Tron DAO also transferred $100 mill...
Bitcoin miners in Washington’s Chelan County face a 30% increase in electricity fees
Bitcoin mining operations in Chelan County, Washington are going to soon face an increase in the price of electricity they purchase. This week, the County PUD Commissioners gave their approval to the...
As Bitcoin Slumps, BTC Miners Sell Of Their Tokens Creating Panic In The Market
The broader crypto market has been in a state of a downward price swing, with Bitcoin going lower almost daily. Before now, Bitcoin miners have put away some BTC tokens waiting for their sunny days to...
Ethereum Miners Add 200,000 ETH – Trustnodes
Ethereum miners are holding 920,000 eth, worth $1.7 billion, according to the blockchain analytics startup Santiment. They have been accumulating since May 2021 after a sell-off from 1.1 million eth i...
Bitcoin Miners Accumulate 1.8 Million BTC – Trustnodes
Bitcoin miners have turned to selling again at the rate of about 3,300 bitcoin a month according to the blockchain analytics startup Glassnode. Miners sold about 10,000 bitcoin since April, worth abou...
Bitcoin Miners Sell As Mining Revenues Come Under Stress
Data shows Bitcoin miners have been selling in recent weeks as their revenues have come under stress due to the struggling price of the crypto. Bitcoin Miners Are Currently Selling An Average Of 3.3k ...
Bitcoin Miners Sell BTC Holdings Amid Prices Plunge to Cover Energy Costs – crypto.news
Recent reports indicate that Bitcoin miners are selling most of their crypto tokens on exchanges to cover most costs. This comes as inflation rates have been rising throughout the year, perhaps causin...
Bitcoin Miners May Get Another Break This Week as Network’s Mining Difficulty Is Expected to Drop – Mining Bitcoin News
Bitcoin miners may catch another break this week as the network’s mining difficulty is estimated to see a reduction tomorrow. Every two weeks Bitcoin’s difficulty adjustment algorithm (DAA) changes, a...
Pioneer Bitcoin miners chose to preserve network instead of abusing power
According to a recent study published on June 6, 2022, by The Center for Genome Architecture, only 64 network participants mined Bitcoin (BTC) between its launch in 2009 and the moment it reached the ...
Bitcoin Mining: Kenya Offers Renewable Energy Sources to Miners
Bitcoin mining operations may soon be relocating to Kenya. The African country now offers miners a green energy source to achieve their green mining goals. Bitcoin’s energy consumption is often the su...