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Average Onchain Bitcoin Fees Drop Below $2, Lowest in Over 250 Days

Average Onchain Bitcoin Fees Drop Below , Lowest in Over 250 DaysSince July 1, the average transaction fee on the Bitcoin blockchain has remained below $2, with current onchain fees at 15.5 satoshis per virtual byte (sat/vB), translating to $1.54 per transfer. Bitcoin Fees Hit 10-Month Low Onchain Bitcoin fees have fallen to levels not seen since October 2023, spanning more than 250 days. Over the […]

Salvadoran Basic Goods Basket Rose to Historic Highs in June

Crypto miners stole $723M of electricity in Malaysia since 2018: Report

Malaysia’s Deputy Minister of Energy Transition and Water Transformation revealed the number during an event where they disposed of over 2,000 machines seized in an operation.

Illegal crypto mining operators in Malaysia stole $723 million worth of electricity between 2018 and 2023, according to Malaysia’s deputy minister for energy and water.

Deputy Minister of Energy Transition and Water Transformation Akmal Nasrullah Mohd Nasir made the comment during an event that saw the disposal of 2,022 seized items worth around $467,000, including Bitcoin mining machines and electrical equipment, according to a report by Malay Mail.

Nasir said these illegal mining operations are harming not only Malaysia’s state-controlled power operator Tenaga Nasional Berhad, but also locals in affected areas.

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Salvadoran Basic Goods Basket Rose to Historic Highs in June

Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low

Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic LowBitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6 a.m. EDT on July 4, 2024, the price per petahash dropped to $44.842 per PH/s. The dollar value of daily mining revenue per petahash of […]

Salvadoran Basic Goods Basket Rose to Historic Highs in June

Runes TXs on Bitcoin have tanked over 88% this month

Bitcoin miners have earned less than 2 Bitcoin combined from Runes transactions over the last six straight days — an enormous drop from its record 884 Bitcoin on April 24.

Runes, a new token standard on the Bitcoin blockchain, has seen its daily average transaction count plummet over 88% from its highest point this month.

Daily Runes transactions averaged out at 37,820 between June 22-28, marking a near-90% fall from the 331,040 daily average seen between June 9-15, according to Dune Analytics data from Crypto Koryo.

It includes 23,238 transactions made on June 24 — the lowest since the protocol launched at Bitcoin’s fourth halving event on April 20.

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Salvadoran Basic Goods Basket Rose to Historic Highs in June

Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall

Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues FallWith bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $50 and hovering just above $47 per PH/s. Declining Bitcoin Value […]

Salvadoran Basic Goods Basket Rose to Historic Highs in June

JPMorgan: Bitcoin Miners’ Market Cap Jumps 22% Following AI Hosting Deal

JPMorgan: Bitcoin Miners’ Market Cap Jumps 22% Following AI Hosting DealGlobal investment bank JPMorgan has observed a notable surge in investor interest in bitcoin miners after Core Scientific announced it would host 200 MW of GPUs for AI hyperscaler Coreweave. According to JPMorgan, the combined market capitalization of 14 tracked miners has increased by $4 billion since the announcement. This rise occurred even as bitcoin […]

Salvadoran Basic Goods Basket Rose to Historic Highs in June

US-Listed Bitcoin Miners Hit Record Market Cap of $22.8 Billion, JPMorgan Says

US-Listed Bitcoin Miners Hit Record Market Cap of .8 Billion, JPMorgan SaysAs of June 15, U.S.-listed bitcoin miners have reached a record market capitalization of $22.8 billion, according to global investment bank JPMorgan. This surge is led by significant gains in stocks like Core Scientific, Terawulf, and Iren. The overall sector market cap has increased by 24% since the end of May, partly due to a […]

Salvadoran Basic Goods Basket Rose to Historic Highs in June

Bitcoin miners rise 10% after Trump promises to back US miners

The biggest winners on June 12 were TeraWulf, Hut 8 Mining and Core Scientific.

Bitcoin (BTC) mining stocks soared double digits on Wednesday a day after United States presidential candidate Donald Trump promised to bolster mining operations in the country.

Trump said he wants “all the remaining Bitcoin to be MADE IN THE USA!!!” adding it would help the country be “ENERGY DOMINANT” in a June 12 post, which came shortly after a meeting he hosted with some of the industry’s top executives.

Trump also reportedly told the industry executives that he promised to support the sector should he be elected as president in November.

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Salvadoran Basic Goods Basket Rose to Historic Highs in June

Senator Ted Cruz Acquires 3 Bitcoin ASIC Miners, Begins ‘Hashing’ in Texas

Senator Ted Cruz Acquires 3 Bitcoin ASIC Miners, Begins ‘Hashing’ in TexasRepublican Senator Ted Cruz from Texas has announced that he purchased three application-specific integrated circuit (ASIC) bitcoin miners. “I just bought 3 Bitcoin miners that started hashing today in Iraan, TX,” the Senator stated on X this week. “I’m proud to join the ranks of Texas bitcoin miners,” he added. Cruz is an ardent advocate […]

Salvadoran Basic Goods Basket Rose to Historic Highs in June

Bitcoin Miners Face Significantly Reduced Earnings in May Despite Bitcoin Price Rise

Bitcoin Miners Face Significantly Reduced Earnings in May Despite Bitcoin Price RiseAccording to the seven-day simple moving average (SMA) statistics regarding Bitcoin’s hashrate, the network hashrate has stayed below the 600 exahash per second (EH/s) mark for approximately one week. The recent rise in bitcoin’s price has positively influenced the overall hashprice as the value of 1 petahash per second (PH/s) daily has climbed above the […]

Salvadoran Basic Goods Basket Rose to Historic Highs in June