BTC Miners Increase Earnings With Fractal Bitcoin Mining

September 22, 2024 Bitcoin.com

Antpool

According to the latest data, the blockchain network Fractal Bitcoin continues to capture around 226 exahash per second (EH/s) of Bitcoin’s hashrate via merged mining. Additionally, Fractal Bitcoin’s native crypto asset, FB, achieved an all-time high (ATH) last week but has since dropped 61.9% below that ATH just six days later. Mining Pools Reap Rewards […]

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

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

Bitcoin’s Hashrate Nears All-Time Peak Despite Difficulty Bump and Revenue Loss

September 5, 2024 Bitcoin.com

Bitcoin

Despite a bump in mining difficulty and a drop in hashprice, Bitcoin’s total hashrate is still on the rise. In fact, on Wednesday it’s just 12 exahash per second (EH/s) away from reaching its peak of 677 EH/s, which was recorded on July 25. Bitcoin Mining Operations Push Through Lower Hashprice, Nearing Record Hashrate On […]

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 […]

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

Bitcoin’s Latest Difficulty Rise Challenges Miners Already Facing Revenue Slump

August 29, 2024 Bitcoin.com

Antpool

On Aug. 28, Bitcoin’s mining difficulty bumped up by 2.99% at block height 858,816, pushing the metric from 86.87 trillion to a hefty 89.47 trillion. This tweak adds a bit more challenge for bitcoin miners, especially with hashprice values lingering at very low levels. Bitcoin Network’s Difficulty Jumps as Earnings Dwindle Bitcoin’s difficulty ticked up […]

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 […]

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

Mempool.space Introduces New Bitcoin Transaction Accelerator With Major Mining Pools

July 30, 2024 Bitcoin.com

Bitcoin

This week, the open-source bitcoin explorer and onchain parser, mempool.space, unveiled its new bitcoin transaction accelerator. The team shared on X that it has collaborated with several major mining pools that contribute significantly to the network’s overall hashrate. Mempool.space and Several Mining Pools Launch Bitcoin Transaction Accelerator In the past few days, the average BTC […]

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

Bitcoin hashrate drawdown hits bear market levels, but miners aren’t selling

July 18, 2024 Coin Telegraph

Bitcoin mining

Could miner capitulation signal that selling pressure is easing, or could it be the death spiral that takes Bitcoin out of its decade-long run?

At the beginning of July, the Bitcoin network’s hashrate drawdown, a metric of relative changes in the network’s overall computing power, sank to levels not seen since the December 2022 bear market. This suggests that some BTC miners are starting to capitulate.

Back in April, Bitcoin successfully underwent its fourth halving event at block height 840,000, cutting the reward miners receive per block found in half to 3.125 BTC, essentially halving their largest source of revenue. Miners receive rewards along with transaction fees when they find a new Bitcoin block, but data shows fees only account for less than 10% of revenues.

Adding to that, Bitcoin’s price recently dropped below the $60,000 mark as selling pressure from German authorities grew and the rehabilitation trustee for the defunct cryptocurrency exchange Mt. Gox started repaying creditors in both Bitcoin (BTC) and Bitcoin Cash (BCH). It has since recovered to around $65,000.

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

Bitcoin L2s help crypto miners in Asia supplement income with staking

July 17, 2024 Coin Telegraph

Asia

Bitcoin L2s remain crucial to the Asian crypto ecosystem, offering miners new revenue streams after the most recent halving.

One crypto narrative that has garnered significant traction across the Asian technological landscape is the rise of Bitcoin layer-2 (L2) solutions.

Chinese miners are still an important part of the Bitcoin (BTC) mining ecosystem — reportedly accounting for over 50% of the network’s hashrate — the rise of these solutions seems to be bolstered by miners seeking to create alternative revenue streams for themselves, especially in the wake of the recent Bitcoin halving.

The Bitcoin halving, a programmed event that reduces BTC mining rewards by half, has traditionally been challenging for miners. The most recent halving, which concluded on April 19, reduced the digital asset’s reward ratio from 6.25 BTC to 3.125 BTC, making it tougher for miners to stay profitable.

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

US Bitcoin miners hodl in expectation of BTC price rises

July 15, 2024 Coin Telegraph

Bitcoin mining

US mining firms are confounding pre-halving expectations by hodling the BTC they mine.

Marathon Digital Holdings didn’t sell any of its Bitcoin in June.

The decision marks a growing trend among United States-based Bitcoin (BTC) miners, who are choosing to keep the Bitcoin they mine rather than sell it.

Cointelegraph spoke to Salman Khan, Marathon’s chief financial officer, to better understand how miners decide when to accumulate their Bitcoin and when to move them onto the market.

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

How GoMining is revolutionizing Bitcoin mining through NFTs

July 11, 2024 Coin Telegraph

Bitcoin mining

How can retail investors profit from Bitcoin mining after the halving slashed profit margins?

The 2024 Bitcoin halving event reduced the block reward to 3.125 Bitcoin (BTC). As a result, the supply of new BTC slowed down, and the profitability of mining companies plummeted.

In a new report, Cointelegraph Research explores the current state of the mining ecosystem, including its economic conditions and technical developments. The report also covers new approaches to make Bitcoin mining open to retail investors, including GoMining’s gamified Bitcoin mining using non-fungible tokens (NFTs).

Download a full version of the report for free here

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