block rewards

September Slump: Bitcoin Miners See 2024’s Lowest Revenue

October 1, 2024 Bitcoin.com

Bitcoin Miners

According to the latest data, bitcoin miners pulled in $815.7 million from rewards and fees in September, marking their lowest earnings month of 2024, with $35.66 million less than August’s haul. Bitcoin Miners Earn $815.7M in September, Lowest Monthly Total of 2024 September was a tough month for bitcoin miners, who saw their lowest revenue […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

1.71 Million BTC From 2009-2012 Block Rewards Still Dormant, Worth Over $100B

September 22, 2024 Bitcoin.com

2009

This past week, a batch of five block rewards from 2009 were moved for the first time in almost two years. Interestingly, since 2015, only 48 block rewards from Bitcoin’s creation year have been spent. With the reawakening of these so-called ‘sleeping’ bitcoins from Bitcoin’s early days, it’s a good time to reflect on just […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

A Detailed Analysis of Ancient 2009 Bitcoin Wallet Spending Since 2015

September 21, 2024 Bitcoin.com

Bitcoin

On Friday, Sept. 20, 2024, blockchain detectives were left stunned when five dormant bitcoin wallets from 2009 suddenly became active. In a fascinating twist, exactly nine years earlier on Sept. 20, 2015, a single block reward from 2009 was spent, with the owner transferring block height 2,800 along with several other block rewards. Since then, […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Year’s Low

September 1, 2024 Bitcoin.com

Antpool

Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023. Onchain fees collected in August also dipped, reaching a low not seen since last year, with a $4.14 million drop compared to July. August Bitcoin Mining Revenue Drops $99.75M Lower Than July The ongoing effects […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Bitcoin Block 857,911 Delivers $1.12M to Antpool as Miners Enjoy Fee Windfall

August 23, 2024 Bitcoin.com

Antpool

On Thursday, Bitcoin network fees took a significant leap, crossing the $100 mark shortly after 8:45 a.m. EDT. However, this spike was short-lived as fees quickly dropped, settling at just $0.34 per transaction by 7 p.m. EDT. Data collected from the day’s blocks revealed that a few fortunate bitcoin miners managed to snag some blocks […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

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

June 29, 2024 Bitcoin.com

Bitcoin

With 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 […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Nicehash Partners With Marathon to Launch Custom Firmware for ASIC Bitcoin Miners

June 15, 2024 Bitcoin.com

ASIC miners

The bitcoin hashing power marketplace, Nicehash, has launched custom software for ASIC miners optimized for its mining platform. The firmware is designed to help miners drive greater efficiency from ASIC devices and increase revenue. Nicehash CEO said the collaboration with Marathon will strengthen its market position and enable miners globally to attain unparalleled efficiency and […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Bitcoin’s First Post-Halving Adjustment Raises Mining Difficulty to Record High

April 24, 2024 Bitcoin.com

Bitcoin (BTC)

Bitcoin recently completed its first difficulty adjustment following the fourth halving, recording a 1.99% increase and pushing the mining difficulty to a record high. The network’s difficulty level rose from 86.39 trillion to a new level of 88.10 trillion. Bitcoin Miners’ Strength Tested as Mining Difficulty Jumps 2% Post-Halving As of block 840,672, which occurred […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Mega Whale Moves 2,000 Dormant Bitcoins From 2010 in Third Series of Transfers This Month

March 27, 2024 Bitcoin.com

2010 Block Reward

On March 1, a well-known colossal whale holding bitcoins from 2010 activated 2,000 dormant bitcoins across 40 transactions in a single block. Just four days afterward, on March 5, this entity once more made waves by transferring 1,000 bitcoins originating from the same year. For the third instance in March, this entity has returned, reallocating […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Bitcoin Miners on the Brink of Surpassing February Earnings as 2 Difficulty Adjustments Loom

March 21, 2024 Bitcoin.com

Bitcoin (BTC)

Bitcoin miners face two additional difficulty adjustments before the network’s halving event, which is rapidly approaching, with less than 4,300 blocks remaining. Data indicates the total hashrate has recovered from a minor dip, suggesting miners might see a decrease in difficulty at the next adjustment, set for on or around March 28, 2024. With the […]

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Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes