Tag: miners

Where should crypto miners go in a changing landscape?

[ad_1] One of the main themes among the crypto community in 2021 was China’s aggressive policy toward mining, which led to a complete ban on such activities in September.  While mining as a type of financial activity has not gone away and is unlikely to disappear, Chinese cryptocurrency miners had to look for a new place to set up shop. Many of them moved to the United States — the world’s new mining mecca — while some left to Scandinavia and others to nearby Kazakhstan, with its cheap electricity. Mining…

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Bitcoin’s Hashrate Slides 15% in 10 Days, Price and Difficulty Puts Pressure on BTC Miners – Mining Bitcoin News

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[ad_1] The price of bitcoin has been on a long losing streak since November 10, 2021, when the leading crypto asset tapped an all-time high at $69K per unit. During the last two weeks, bitcoin has shed more than 19% in value, and the network’s hashrate has dropped from over 200 exahash per second (EH/s) to 174 EH/s losing roughly 15% in ten days. Civil Unrest in Kazakhstan Leads to Hashrate Loss Speculation, Kazakhstan’s Bitcoin Miners Say Issues Did Not Affect Them This week the civil unrest in Kazakhstan caused…

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Publicly-Traded Bitcoin Miners Have Been Outperforming The Bitcoin Price

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[ad_1] The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. In regards to the performance of publicly traded miners, we will be looking at their performance since the start of 2020 in both USD and BTC terms. RIOT, MARA, BITF, and HUT will be examined specifically. Since the start of 2020, these four companies have outpaced the performance of bitcoin, and there’s…

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90% of Bitcoin’s Supply Cap Has Been Issued, Miners Have 119 Years Left to Mine BTC – Bitcoin News

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[ad_1] On December 12, crypto advocates celebrated the fact that 90% of the 21 million bitcoins that will ever exist have been mined into circulation. Currently, Bitcoin’s inflation rate per annum is around 1.88%, which is lower than the central banks’ traditional 2% target reference. Furthermore, in 875 days, the network’s inflation rate is expected to drop to 1.1% after 19.98 million bitcoins have been mined. Programmatic Scarcity One benefit people enjoy about the Bitcoin network is that it is mathematical and predictable, in comparison to monetary systems issued by…

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Marathon Expands Miner Deployment Deal With Compute North, Aims to Power 100K+ Miners With Renewables – Bitcoin News

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[ad_1] Marathon Digital Holdings, a Nasdaq-listed bitcoin mining-based company, has announced a new deal with Compute North, a data center service provider, to host more than 100,000 mining machines in its data centers. The deal is an expansion of an earlier deal that secured positioning for 73,000 mining machines in Texas. Now, the new partnership secures hosting for all of these machines, to be powered with renewables. Marathon Expands Mining Operations Marathon, one of the largest bitcoin mining companies in the U.S., has announced it will expand its…

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Venezuelan Court Rolls Back Seizure of More Than 1,000 Bitcoin Miners – Bitcoin News

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[ad_1] A Venezuelan court in the capital of the country has rolled back a seizure of more than 1,000 Bitcoin miners due to irregularities that occurred during the confiscation. According to court documents, the equipment that was seized was in the custody of a third-party company that was doing maintenance services. The court ordered Sunacrip, the national crypto watchdog, to retrieve these miners from their owners. Venezuelan Court Decides On Crypto Seizure Case A Venezuelan court located in the capital of the country has decided to roll back…

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$130M hack raises suspicions, Chinese miners head to Laos, Huobi’s moon mission – Cointelegraph Magazine

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[ad_1] This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.   It was a quiet week in the mainland as much of the Chinese crypto community was either lying low, off in Lisbon, or recovering from a week-long hangover following the Shanghai Blockchain Week that concluded over last weekend. The largest blockchain-related news was the $130 million hack of DeFi platform Boy X Highspeed, or BXH for short.…

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Bitcoin Miners Driving Price Higher Kraken Report

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[ad_1] On-chain data suggests a supply shock appears to have led the bitcoin price to surge over 50% in October. “There has been little profit-taking from long-term holders” of BTC, a new Kraken report found. Miners are also stockpiling bitcoin, helping create a supply shock fueling higher prices. A supply shock seems to have contributed to the BTC price appreciating by more than 50% in October, a new report by Kraken Intelligence shows. Kraken’s October 2021 Bitcoin on-chain digest, entitled Shocktober, sheds some light on the overall Bitcoin network participants…

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Lawmakers in Kazakhstan Propose Registration for Crypto Farms, Higher Electricity Rate for Miners – Mining Bitcoin News

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[ad_1] Members of the parliament in Kazakhstan have proposed the establishment of a state register for cryptocurrency farms operating in the country. Alarmed by the growing consumption of energy in the sector, the lawmakers also want to charge miners a higher price for the electricity they use. Mazhilis Members Want Miners in Kazakhstan to Register With Government, Pay More for Power A group of deputies from the Mazhilis, the lower house of Kazakhstan’s bicameral legislature, have voiced concerns over the growing electricity demand. The parliamentarians believe the surge is due…

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Kyrgyzstan Raises Electricity Rates for Cryptocurrency Miners – Mining Bitcoin News

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[ad_1] The government of Kyrgyzstan has recently revised its electricity tariffs for various groups of consumers. Authorities in Bishkek have raised the rates at which crypto mining businesses buy power citing the energy-intensive nature of the coin minting process. Crypto Miners in Kyrgyzstan to Pay More for Electricity Companies operating crypto mining facilities in Kyrgyzstan will have to pay a higher price for the electrical energy they need to mint digital currencies. The increase follows a government decision to update electricity rates across the board in order to “ensure the…

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