The Russian central bank continues to maintain an extremely negative stance on cryptocurrencies, proposing to ban local miners from selling coins to local people. The Bank of Russia has supported the ...
Tag: Miners
Largest Eurasian BTC Mining Hub in Kazakhstan Tightens Rules for Miners
Vladislav Sopov Electricity from auctions, new taxes and two licenses instead of one: Kazakhstan Parliament passes major bill on crypto Contents Kazakhstan launches electricity auctions for miners New...
Bitcoin held by miners sinks to 1 year lows; Poolin culpable
Bitcoin miners are facing a challenging time due to ongoing price uncertainty and global energy shortages. In addition, macro factors have conspired to raise the cost of borrowing, while access to cap...
Texas seeks to incentivize Bitcoin miners to lower consumption during peak hours
Texas State, yesterday, Dec. 6, offered an interim, voluntary power curtailment program for “Large Flexible Loads (LFL),” intended to give bitcoin miners incentives to lower their power consumption du...
Bitcoin Miners Feel The Heat, More Selling Pressure Imminent?
Bitcoin is still stuck in a tight range as market sentiment declines from optimistic to bearish and market participants brace for a possible impact. The cryptocurrency was thriving on the possibility ...
Bitcoin Miners Have Hope Again And Have PEGA Pool to Thank
Can Bitcoin’s price possibly go lower than $16,000? This is the question on every BTC miners’ lips as they sit and nervously refresh their browsers to reveal the latest BTC price. Miners are strugglin...
Kentucky Investigating 2 Proposed Contracts That Would Give Discounted Electricity to Crypto Miners
One proposed contract is between Kentucky Power and Ebon International, LLC, and would give discounted electricity rates to the Ebon Facility, a 250 MW cryptocurrency mining operation in Louisa, Kentu...
Kentucky may stop subsidizing power supply to new Bitcoin miners
Kentucky authorities have launched investigations to find out whether the provision of discounted electricity rates to new Bitcoin mining firms in the region will lead to increased energy costs for re...
Bearish Clouds Haunt the BTC Price Rally, Will Bitcoin Be Stuck Under Miners’ Capitulation?
Bitcoin price again slumped below $17,000 after holding upright for some time during the previous trading day. Meanwhile, the Bitcoin (BTC) hash rate has also dropped as the miner continue to struggle...
Miners finally see some relief as difficulty decreases 7.32%, making it the largest difficulty reduction in 2022
The crypto industry has always been highly volatile, but few could have predicted the turmoil it experienced in 2022. This year has been unprecedented for the industry, with every aspect affected by t...
Kentucky to scrutinize contracts offering cheaper electricity to miners
The Kentucky Public Service Commission (PSC) has reportedly opened a formal investigation into two proposed contracts that would offer discounted electricity prices to new crypto-mining operations. Ac...
Chandler Guo & the Ethereum Proof-of-Work Miners Fight – Most Influential 2022
Calculating the number of miners is next to impossible, but from the 10,287 nodes, or computers, running on the day of the Merge, there were likely hundreds, if not thousands. Guo reminds us that when...
Bitcoin Miners May Have Seen The Darkest In Q4 As BTC Rises Past $17K
Bitcoin miners seem to be giving up on the prospect of holding the maiden crypto for long-term profit as they continue to sell large sums of the digital coin. According to data shared by CryptoQuant, ...
Russia Miners Buy More BTC Mining Rigs in Quarter 4, Report
Bitcoin and the entire crypto market bleed due to many challenges that have befallen the industry. From the Terra crash and continuous interest rate hikes to FTX implosion, the market hasn’t enjoyed a...
Demand for Cryptocurrency Miners Rises in Russia Amid Low Prices of Hardware – Mining Bitcoin News
Russia’s market for specialized crypto mining equipment has been seeing high demand over the past couple of months, with buyers attracted by the low price tags. Russian experts also predict an increas...
Stash of ASIC devices by Crypto Miners in Russia Amid Dip
The Recent Scenario Russia’s cryptocurrency miners are going against the wave of the ongoing crisis of crypto mining as the supply of mining hardware is lagging behind as seen in the fourth quarter...
Are BTC miners done with the worst for this financial quarter? This data suggests…
Miners continued to sell their BTC as they got rid of 10,000 BTC this week Huge capitulation could be in sight due to the indications revealed by the Bitcoin hash ribbon Bitcoin [BTC] miners continue...
The Balance Sheet of Bitcoin Miners Based on BTC Price
The competition in the Bitcoin mining industry increased this year as the global hashrate grew by approximately 40%. The recent updates related to Bitcoin Miners shows their balance sheets have been s...
Crypto miners in Russia capitalize on the bear market by hoarding ASIC devices
Cryptocurrency miners in Russia appear to be unbothered by the ongoing crisis of crypto mining as the local demand for mining hardware has reportedly been on the surge in Q4 2022. Some crypto mining h...
Bitcoin miners continue to face the heat, but what’s the way forward
Bitcoin miners face the heat as selling pressure rises Daily activity and velocity declines, however, retail investors show faith Bitcoin miners were one of those sections of the crypto community who ...
Over 10K Bitcoin (BTC) Moved To Crypto Exchange, Are Miners Selling?
Bitcoin price rallied after Fed Chair Jerome Powell hinted at slower rate hikes in December and upcoming sessions. The BTC price hit a high of $17,194 with an over 200% jump in trading volume. On-chai...
Bitcoin Hashrate Continues Sharp Plunge As Miners Give Up
Data shows the Bitcoin mining hashrate has continued its sharp plunge in the past week, as miners give up due to low revenues. Bitcoin 7-Day Average Mining Hashrate Has Rapidly Gone Down Recently Acco...
Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs – Coinotizia
During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022,...
Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs – Mining Bitcoin News
During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022,...
Bitcoin Miners Struggling as BTC Shrimp Addresses Hit New High
The Bitcoin miners are in trouble as the bear market intensifies, whereas the shrimp addresses hit a new high. After a new all-time high of $69,000 in Nov. 2021, Bitcoin (BTC) has been in a continuous...
Why Bitcoin Miners’ Revenue Hits Lowest Point Since 2020
Many crypto investors are still skeptical about the profitability of Bitcoin mining. This is not surprising considering the growing rate of energy prices in recent times. Moreover, the Bitcoin miners’...
Bitcoin Miners Selling 135% of Their Profits: Details
Arman Shirinyan Miners create large portion of existing pressure on Bitcoin, causing greater pressure on first cryptocurrency’s price The tumbling of the cryptocurrency market and the problemati...
Bitcoin Miners To Capitulate Again? Will This Hurt BTC?
Bitcoin Price Prediction News: Bitcoin price is struggling to recover amid the increased selling pressure and volatility in the market. The declining BTC price has also led to an all time high (ATH) m...
Bitcoin Miners’ Revenue Lowest Since November 2020
The revenue Bitcoin miners receive is tumbling amid the depressing market conditions and lower prices. Somewhat expected, as the BTC dollar value goes down, so do the proceedings from mining. Data fro...
Glassnode and CryptoSlate Deep Dive: How a cold winter is impacting Bitcoin miners and why the fear has just begun – Issue 01
Glassnode Special Offer Explore all the live charts covered in this report in Glassnode Studio. ⚡Special offer⚡ For a limited time, you can save 40% on a monthly or yearly Glassnode Advanced plan and...
Bitcoin miners look to software to help balance the Texas grid
Although Bitcoin (BTC) mining remains a controversial topic, it’s becoming more common to hear how Bitcoin mining can help balance grid demand. This is being demonstrated in the state of Texas, as Bit...