Saturday, July 27, 2024
The market has wielded a considerable influence on the earnings of miners. The highest point of daily revenue created in the last year managed to surpass USD 70 million. Daily Bitcoin mining earnings...
New York Senate passes the Bitcoin mining ban bill over the current environmental concerns. The New York State Senate passed a law aiming at Proof-of-Work (PoW) mining to address some environmental concerns involving...
Bitcoin miners have had a tough month as revenue and profitability have dropped in May. However, hash rates are still high. Bitcoin (BTC) mining revenues and profitability have continued to fall along with...
A bearish market, electricity costs, and other struggles with the supply could minimize the hash rate. They expect that the Bitcoin hash rate will reach new highs of 280 EH/s by January 2023.
The government introduces a bill to increase electricity fees for Bitcoin miners operating in the country. Disconnecting most mining companies from the electrical system has prevented them from receiving most of the expected amount.
The developers want to give customers time before they release some necessary upgrades to support the Bellatrix fork. That change on the network will allow monitoring of the activation of the difficulty bomb in Ethereum 2.0.
Ethereum has planned to replace PoW with a PoS consensus algorithm in its protocol from its inception. Ethereum Classic has not been among the most profitable cryptocurrencies to mine despite its long history.
Joaquín Leal, an Ethereum miner, suggested acquiring crypto instead of mining right now. Ethereum mining difficulty is reaching 14.50 P. The profitability of Ethereum (ETH) mining is going through hard times due to...
The Norwegian Parliament had a vote that favored Bitcoin mining activities. Since November of last year, the Norwegian administration has been analyzing the possibility of blocking Bitcoin mining activities. The country's local government...
The state was once a draw for Bitcoin miners because of its openness. According to a Coindesk report, many environmental concerns about the effects of mining are affecting the industry. A few days...