The Bitcoin mining difficulty might change again soon, but the latest change made it easier to find Bitcoin. The price of graphics processing units (GPUs) has dropped, allowing retail miners to acquire additional equipment.
Home miners can relocate without problem to regions with cheaper electricity. Larger entities get locked into energy arrangements with providers, limiting their functionality. Some home miners in the U.S. are migrating to areas with renewable energy.
Miners' expectations for a good recovery may have grown due to the increase in the price of the most prominent digital asset by market capitalization. With BTC lingering around $22,000, the digital asset market would be...
Colin Harper explained that Bitcoin is trading below the realized price and has sometimes dropped below miner production cost. He said that profitability is at rock bottom, so miners with too much debt or high operating...
The estimated overbilling in a batch of seized cryptocurrency mining equipment is around USD 5 million. Although the company that invoiced the purchase has its headquarters in the United States, the hardware comes from China.
The Ethlot website has been down for some days, and the company removed all its chat groups. The scam may have amounted to USD 10 million, stolen from around 2,000 investors.
Around a...
The rate of return per hash rate is at its lowest point this year. It costs between USD 18,000 and USD 20,000 to generate just one bitcoin (BTC).
Bitcoin mining is not going...
The miner sold 3,000 BTC, almost half of its treasury of the flagship digital asset, as part of a plan to re-organize its reserves amid declining prices.
Amid price decay in the market,...
According to Coin Metrics and Glassnode, miners stopped selling their bitcoin holdings. The bitcoin price recovered at least 6% and now returns to a price registered at USD 20,600.
Bitcoin miners stopped selling...
In May 2022, public mining companies sold 4,411 BTC. Cryptocurrency mining companies are on the brink of survival. Businesses are forced to exchange BTC for fiat to pay for electricity as well as employee salaries.
