There has been a steady decline in bitcoin mining revenue and transaction fees from the past few months to $11.67 million (USD). The continuous rise in energy costs is one of the reasons for the downf...
Tag: Mining
Top Asset Management Firms Suffer $220,000,000 in Losses From Bitcoin (BTC) Mining Investments: Report
A new report claims Bitcoin (BTC) mining firm Iris Energy’s investors are seeing a multimillion-dollar wipeout in the value of their holdings a year since the public listing. According to an Australia...
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,...
What is DeFi Liquidity Mining?
If you are a crypto trader, you may have heard of the concept of liquidity mining, but are not sure what it is or how it actually works. Some traders claim to have great yields and passive income gene...
PoW crypto mining banned by NY governor: Will mining become extinct?
Last week, New York Governor Kathy Hochul signed new regulations to ban certain crypto mining operations. The signed moratorium bans proof-of-work mining facilities that use any carbon-based power sou...
The Block: Bitcoin mining stock report: Tuesday, November 29
TeraWulf fell by 7.9% and BIT Mining rose by 7.69%, but the share price for most other bitcoin miners traded little changed on Tuesday. Bitcoin was trading at around $16,400 by market close, acc...
Crypto winters are continuously becoming a thorn in BTC mining
According to recent happenings among Bitcoin miners, the ongoing crypto winters have become their largest hindrances. Many have faced unimaginable losses leading to sale of shares, equipment and crypt...
Hut 8 Halts Bitcoin Mining Facility Amid Energy Dispute
Bitcoin miner Hut 8 is seeking mediation with a third-party energy supplier after relations broke down over a shared power purchase agreement — bringing some of its operations to a halt. The Canadian ...
Bitcoin’s Mining Difficulty Expected to Drop Significantly, Retarget Could Be 2022’s Largest Reduction – Mining Bitcoin News
Bitcoin miners could catch a break in a week or so, on or around Dec. 5, 2022, as the next difficulty retarget is expected to see a significantly large reduction. Estimates show the next difficulty re...
Bitcoin Futures Market Is On The Verge Of A Bullish Signal While Mining Revenue Hits The Lowest!
It is reported that the Bitcoin futures market has reached its historical market bottom while the two-year low mining revenue becomes a barrier for a BTC bull run. The last few weeks have become a ni...
Eco-Friendly Approach to Bitcoin Mining by PEGA Pool Coming in 2023
If there is one thing that the mainstream associates Bitcoin mining with, it’s the excessive usage of electricity. Many people (and regulators) believe that BTC mining is going to fry the world becaus...
5 Things to Know About Mining Cryptocurrency
Cryptocurrencies have surged in popularity in recent years. Some believe that cryptocurrency is the currency of the future, while skeptics aren’t sure if crypto will last. If you’re a crypto enthusias...
The Block: Bitcoin mining stock report: Monday, November 28
Most bitcoin mining stocks tracked by The Block traded lower on Monday, continuing a longer-term trend. Bitcoin was trading at around $16,200 by market close, according to data from TradingView...
Bitcoin mining revenue at 2-year low: hashrate falling – crypto.news
The revenue perceived by Bitcoin miners has seen a sharp decrease following the market crash caused by the fall of major crypto exchange FTX. The total Bitcoin mining revenue recently fell down to $11...
TeraWulf Updates Mining Operations and Cost-Reduction Initiatives
Previously Announced Initiatives Enable Operational Resiliency in a Low-Priced Bitcoin Environment Lake Mariner Operations Not Impacted by Recently Signed Moratorium in New York State EASTON, Md.–(BUS...
New York Mayor Supportive of Mining Restrictions but Maintains Crypto Hub Objective – Mining Bitcoin News
Mayor of New York City Eric Adams took a supportive, if somewhat veiled, stance on the partial crypto mining ban imposed in the state. A law signed by fellow Democrat and New York Governor Kathy Hochu...
Bitcoin (BTC) Mining Income Falls Terribly To Two-year Low
9 seconds ago | 2 mins read Bitcoin News Bitcoin mining profits have dropped to $11.67 million USD. Factors like increased mining difficulty and growing energy costs actually reduce profits. Due to we...
New York State to put Ban on Crypto Mining
Cryptocurrency mining is said to have environmental concerns with the growing size of the industry. The mining operation requires a massive amount of energy and it generates heat as well. Citing these...
Bitcoin mining revenue lowest in two years, hash rate on the decline
The revenue earned by Bitcoin (BTC) miners fell to two-year lows owing to poor market performance and a heavier computational demand amid rising network difficulty. However, an ongoing downturn in the...
New York’s mayor seeks balance with regulators after PoW mining moratorium
New York City mayor Eric Adams is still focused on making New York a crypto hub, but he believes that goal can be combined with statewide efforts to curb environmental costs related to crypto mining, ...
The Block: Bitcoin mining stock report: Friday, November 25
Bitcoin mining stocks tracked by The Block were mostly down on Friday, November 25. Bitcoin was trading at about $16,513 at the time of market close. The stocks down the most were...
To Maintain Carbon Neutrality New York Governor Banned Bitcoin Mining Companies
As the world is moving towards carbon neutrality, the administrations of several nations are taking decisions wisely to reduce greenhouse gas emissions. In the recent G20 summit, the United States rea...
Copper Mining Grows at Last But Now Smelters Can’t Keep Up
(Bloomberg) — Copper miners are boosting output at last after several years of anemic performance. But it may not be enough to meaningfully lift stockpiles from historically low levels, keeping ...
Bitcoin Hashrate Declines As Mining Difficulty Stays At ATH Levels
Data shows the Bitcoin mining hashrate has been on a decline recently as the difficulty is currently at all-time high levels. Bitcoin Mining Hashrate Is Down Almost 7% From The Recent High The “mining...
Bankruptcies and falling profits spell doom for crypto mining industry
Recently exacerbated by the collapse of the crypto trading platform FTX, the ongoing crisis in the cryptocurrency industry has sent most of its participants into chaos, and it hasn’t spared Bitcoin (B...
Is Bitcoin Mining Worth Your Time and Money?
– Advertisement – Mining cryptocurrencies is one way to own crypto coins or tokens without having to invest money. But the question is, however, whether or not it is worth your time and mo...
Is Bitcoin Mining Going To Yield You Profits in the Coming Times?
– Advertisement – Well, our answer for this is… it’s complicated. In the beginning, Bitcoin mining was a lucrative pastime for early investors who could earn 50 BTC from the comfort of the...
This State Is The First In The Union To Limit Crypto Mining
Join Our Telegram channel to stay up to date on breaking news coverage Cryptocurrency mining companies have been feeling the pinch this year amid the dropping crypto prices and the high electricity pr...
2-Year PoW Mining Ban Law Signed by New York Governor
11 seconds ago | 2 mins read Bitcoin News The state assembly approved the PoW mining measure in April of this year. Presently, the United States has the largest percentage of the global hash rate (37....
Liquidity Mining – Your Way to Grow Crypto Assets in The HyperNation
How to be extra rich with your existing fund in the Metaverse? Can your blockchain assets grow passive rewards for you to reap? The HyperNation has its answer for you to leverage your crypto assets an...
New York Governor Cuomo signs PoW mining ban
On November 22nd, the proof-of-work (PoW) mining moratorium was signed into law by New York Governor Kathy Hochul, making New York the first state in the United States to prohibit any proof-of-work cr...
Earn Passive Income With Bytebus Cloud Mining
United Kingdom – The Bytebus team announced a great success with their cloud mining technology, which led to more and more new users interested in joining them. Mining cryptocurrencies is one of the m...