On-chain analytics platform, Glassnode, reports In a newsletter that Bitcoin miners revenue has continued to drop, while production cost surges, as market condition stays bearish and long term holders...
Tag: Miners
Bitcoin Miners Are Selling Off Their BTC Holdings
BTC Price at the time of writing – $30,143.60 Miners are cornered into powering off or selling their holdings Mining bitcoin has become less profitable Bitcoin diggers are auctioning off their m...
Bitcoin Miners Forced to Sell as Crypto Market Stagnates
Key Takeaways Bitcoin miners appear to be selling more coins amid the current market downturn. The value of Bitcoin earned by miners and sent to exchanges has hit its highest level in three months. Mi...
Bitcoin miners sell during the downturn, what does this mean?
? Want to work with us? CryptoSlate is hiring for a handful of positions! Against the backdrop of fiscal tightening and slowing growth in the crypto industry, Bitcoin miners are selling their holdings...
Bitcoin Miners Are Selling Tokens as Prices Linger Near Lows
(Bloomberg) — Bitcoin miners are beginning to sell tokens they’ve hoarded to cover burgeoning costs with the prospects for industry growth slowing and the price of the largest cryptocurrency sho...
Kenya’s KenGen plans to allocate surplus energy to crypto miners
Bitcoin mining is a lucrative activity, but it has attracted scrutiny over the years because of the high amount of energy consumed by miners. However, some countries have continued to embrace Bitcoin ...
Bitcoin miners urge New York’s governor to veto moratorium passed by the Senate
Bitcoin miners in New York are responding following the passage of the New York crypto moratorium bill that, if ultimately signed by the governor in the next 10 days, will prevent new proof-of-work mi...
KenGen to Offer Geothermal Power to Bitcoin Miners – crypto.news
KenGen, Kenya’s energy production company, wants to provide bitcoin mining companies with its surplus geothermal power to support them meet their energy needs. KenGen to Support Bitcoin Mining In resp...
KenGen Company May Provide Power to BTC Miners
20 seconds ago | 2 mins read Bitcoin News BTC Mining farms are likely to be shifted to Olkaria, Kenya. The major concern of PoW will be struck out if KenGen comes into the scene. Recent news on BTC mi...
Russian crypto miners need more energy than the agriculture industry
Local bitcoin businesses, according to Russia’s Ministry of Industry, utilize more than 2% of the country’s overall power volume. According to Vasily Shpak, Deputy Head of the Ministry of Industry, Ru...
Kenyan energy company entices Bitcoin miners with geothermal power
Kenyan energy company KenGen has put out a call to Bitcoin (BTC) miners to move nearby and buy its excess renewable power capacity. KenGen claims 86% of its energy is generated from renewable sources,...
Kenya’s Largest Power Provider Plans to Deliver Access to Geothermal Power to Bitcoin Miners
KenGen, Kenya’s largest producer of electricity, has announced plans to attract Bitcoin miners to use its geothermal energy. According to the report, the company will provide its surplus geothermal po...
Bitcoin Miners Are Dumping Their Holdings En Masse — Bad Omen For BTC Price? ⋆ ZyCrypto
Advertisement     Since the concept of Bitcoin mining came into being, Bitcoin miners have hoarded the proceeds of their activities. Because of their substantial cash ...
With Bitcoin miners distributing their holdings, here’s what the future holds for BTC
Bitcoin’s price rose above $30,000 over the weekend and continued to hold firm at press time. BTC traded at the $30.4k mark with a 1.37% surge at press time. This marks the first rally in weeks as the...
Market Rout Prompts Analyst to Slash Bitcoin Miners’ Price Targets by Average of 65%
Lewis kept his buy rating on all four mining stocks he covers – Riot Blockchain (RIOT), CleanSpark (CLSK), Core Scientific (CORZ) and Marathon Digital (MARA) – and remains optimistic about the longer-...
Nairobi Based KenGen Allows Bitcoin Miners To Take Benefit From Renewable Energy
Bitcoin miners might soon flood to Nairobi to utilize the geothermal power available for them right now. An energy company makes this power source available and urges miners to purchase it. KenGen ope...
Miners Threaten To Abandon New York As State Gives Nod To Bitcoin Mining Ban
Crypto miners are in for a major showdown with legislators. The relatively low cost of providing electricity in New York is rapidly making the state a flourishing hub for cryptocurrency miners. Howeve...
White House Heightens Scrutiny on Crypto Miner’s Energy Consumption
The Biden Administration is making detailed preparations for policy recommendations to lower crypto mining’s energy usage and emissions footprint. The move marks the government’s further entry t...
KenGen seeks Bitcoin miners as crypto adoption in Kenya blossom
KenGen, Kenya’s state-owned power company, has put out a call to Bitcoin miners. The utility company has now issued an open invitation to Bitcoin miners to come set up operations in Kenya and help it ...
More Trouble For Crypto Miners As White House Eyes Energy Curbs
The White House will draft policy recommendations to reduce energy consumption and emissions in cryptocurrency mining. The report will look into details about the benefits or loss of cryptocurrency mi...
Bitcoin Miners Have Begun Dumping Their Holdings
For the longest time, bitcoin miners have held on to the spoils of their activities. That is when the profitability of mining the cryptocurrency was still high. Due to a high cash flow, these miners c...
Biden administration to draft report on crypto miners’ energy use, emissions
? Want to work with us? CryptoSlate is hiring for a handful of positions! An energy team of the White House is drafting a policy recommendations report to address issues concerning cryptocurrency mini...
Kenya’s largest electricity producer to offer its surplus power to Bitcoin miners
Kenya’s giant energy production company KenGen has offered to supply Bitcoin mining companies with surplus geothermal power following increased demand from different operators. It is believed that co...
Bitcoin Miners Are Dumping Tokens, How Will Prices React?
Bitcoin miners have begun selling their holdings on the open market, as a price crash pressured their finances. A report by Bitcoin miner Compass Mining shows that several U.S.-based miners have begun...
Bear Market Could See Some Crypto Miners Turning to M&A for Survival
“These companies have found themselves in a position where they made plans and commitments that assumed external capital, whether from public or private markets, would always be readily available,R...
Bitcoin Miners Are Selling Off Their BTC Holdings to Cope With Market Headwinds
Miner flows to exchanges have reached their highest point since January, Compass Mining – a bitcoin mining services company – wrote in a research note today using data from CoinMetrics. “Miners ...
Crypto Mining: Kazakhstan Collects $1.5M In Fees From Bitcoin Miners
Crypto mining is proving to be one of Kazakhstan’s important lifelines. According to a document released by the State Revenue Committee of Kazakhstan’s Ministry of Finance on Tuesday, Bitcoin mining r...
Bitcoin drops 1.5% on US market open amid warning miners may ‘capitulate’ in months
Bitcoin (BTC) fell in line with United States equities on May 31 as the return of Wall Street began with a whimper. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks take BTC price so...
Russian Crypto Miners Account for Over 2% of the Country’s Total Energy Consumption
According to Russia’s Ministry of Industry, local cryptocurrency enterprises consume more than 2% of the total electricity volume in the nation. The lawmakers are concerned that this exceeds some sect...
Gov’t says crypto miners consume 2% of total electricity in Russia
Crypto miners account for two percent of the total electricity consumption in Russia, according to the latest government estimate. The energy consumption share of the crypto mining industry has exceed...
Russia’s Crypto Miners Consume Over 2% of Electricity, Estimates Suggest – crypto.news
According to a recent report, the share of crypto miners in Russia’s electricity consumption has exceeded 2%. The country’s technology ministry is now calling for the sector’s regulation. Russia’s Cry...
Crypto Miners Consuming 2% Of Electricity in Russia
As per a latest estimate issued by the Russian government, crypto miners are consuming 2% of entire electricity dispersed in the nation. Due to such claims, the industry minister stated that it is now...