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Marathon Sets New Record by Mining Bitcoin’s Largest Block, Showcasing the Logos’ Manifesto

Marathon Sets New Record by Mining Bitcoin’s Largest Block, Showcasing the Logos’ ManifestoOn May 3, the Bitcoin network validated its largest block to date at block height 841,886, which included an inscription showcasing the technology stack dubbed Logos’ manifesto. This block, similar to the one that previously held the record as the largest, was mined by Marathon. Record-Setting 841,886 Bitcoin Block Mined, Outpacing Previous Milestone Marathon has […]

Hacker Returns Nearly All of $68,000,000 Worth of Crypto Stolen From Whale Wallet: On-Chain Data

Bitcoin Miner Riot Platforms Records Modest Revenue Gain Despite 36% Decrease in Mined BTC

Bitcoin Miner Riot Platforms Records Modest Revenue Gain Despite 36% Decrease in Mined BTCRiot Platforms Inc., an integrated bitcoin mining company, reported revenues exceeding $79.3 million in the first quarter of 2024. The revenue increase was slight, rising from $73.2 million to $79.3 million. Remarkably, this was achieved even as Riot Platforms experienced a 36% decrease in the number of bitcoins mined, down to 1,364. Modest Growth Noted […]

Hacker Returns Nearly All of $68,000,000 Worth of Crypto Stolen From Whale Wallet: On-Chain Data

US Coal Miner Uses Excess Power to Mine BTC; Earns 61 Coins in Q1 2024

US Coal Miner Uses Excess Power to Mine BTC; Earns 61 Coins in Q1 2024Alliance Resource Partners (ARLP), a coal mining company in the U.S., recently disclosed its use of underutilized electricity loads for bitcoin mining. Cary Marshall, the company’s CFO, revealed that ARLP concluded the first quarter of 2024 with an approximate total of 425 bitcoins. Marshall also stated that during the first quarter, ARLP mined 61 bitcoins […]

Hacker Returns Nearly All of $68,000,000 Worth of Crypto Stolen From Whale Wallet: On-Chain Data

Bitcoin Miners Log Second Highest Monthly Revenue in April, Despite Falling Hash Value

Bitcoin Miners Log Second Highest Monthly Revenue in April, Despite Falling Hash ValueIn April, bitcoin miners amassed the second-highest monthly revenue of the past year, following the unprecedented earnings in March. In total, they collected $1.79 billion, which, although $220 million less than the previous month, still exceeded the revenues of December 2023, which totaled $1.56 billion. Bitcoin Miners Recorded Strong Revenue Last Month On May 1, […]

Hacker Returns Nearly All of $68,000,000 Worth of Crypto Stolen From Whale Wallet: On-Chain Data

Iris Energy Boosts Hashrate to 9 EH/s Amid Declining Bitcoin Miner Earnings

Iris Energy Boosts Hashrate to 9 EH/s Amid Declining Bitcoin Miner EarningsThis week, the Nasdaq-listed bitcoin miner Iris Energy Limited announced it has boosted its hashrate to 9 exahash per second (EH/s) and aims to reach 10 EH/s in the coming month. This development follows the network’s fourth halving and occurs amid a period when Bitcoin’s hashprice has significantly declined, exerting intense pressure on BTC mining […]

Hacker Returns Nearly All of $68,000,000 Worth of Crypto Stolen From Whale Wallet: On-Chain Data

In a Sea of Mining Giants, One Solo Miner Strikes Digital Gold by Finding Bitcoin Block 841,286

In a Sea of Mining Giants, One Solo Miner Strikes Digital Gold by Finding Bitcoin Block 841,286While bitcoin mining has become increasingly difficult and block rewards have dropped from 6.25 bitcoins to 3.125 bitcoins, a solo miner discovered block 841,286. Bitcoin’s Harsh Mining Climate Yields Treasure for One Solo Entity Mining bitcoin (BTC) has become significantly challenging, with the network’s difficulty reaching an all-time high of 88.10 trillion. This complexity, coupled […]

Hacker Returns Nearly All of $68,000,000 Worth of Crypto Stolen From Whale Wallet: On-Chain Data

Financial Squeeze Tightens for Bitcoin Miners as Earnings Continue to Fall

Financial Squeeze Tightens for Bitcoin Miners as Earnings Continue to FallOn Friday, Bitcoin’s hashprice was $56.95 per petahash per second (PH/s), but by Sunday, it had dropped to $51.66 per petahash. Over the last 100 blocks, bitcoin miners averaged about 3.55 BTC for each block they mined, indicating that bitcoin miners are receiving less than half a BTC per block in onchain fees. Bitcoin Miners […]

Hacker Returns Nearly All of $68,000,000 Worth of Crypto Stolen From Whale Wallet: On-Chain Data

Amid Shifts in Bitcoin Mining Economics, Steep Discounts Emerge for Older ASIC Rigs

Amid Shifts in Bitcoin Mining Economics, Steep Discounts Emerge for Older ASIC RigsAccording to current metrics, older bitcoin mining rigs are not generating the same revenue as they did before the halving, particularly with the hashprice at approximately $0.056 per terahash per second (TH/s) per day. On April 25, Luxor Technologies reported a significant decline in the prices of application-specific integrated circuit (ASIC) bitcoin mining rigs, highlighting […]

Hacker Returns Nearly All of $68,000,000 Worth of Crypto Stolen From Whale Wallet: On-Chain Data

Crypto Biz: X payment system, Block moves into Bitcoin mining and more

This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more.

Social media platform X is set to incorporate a wide range of financial services into its ecosystem. Christopher Stanley, X’s head of payments, compared the future functionality of the platform to the combination of Venmo and Apple Pay in an X post on April 22.

Meanwhile, Jack Dorsey’s financial technology conglomerate, Block, is advancing its cryptocurrency initiatives by developing a Bitcoin (BTC) mining ecosystem. The initiative targets key industry challenges, including the high demand for ASIC mining rigs.

On Wall Street, the New York Stock Exchange (NYSE) is exploring the possibility of transitioning to 24-hour trading, similar to the cryptocurrency markets. This change could increase liquidity for traders but also lead to increased volatility for retail investors.

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Hacker Returns Nearly All of $68,000,000 Worth of Crypto Stolen From Whale Wallet: On-Chain Data

Bitcoin Miners’ Average Revenue Per Block Dips 25% in 3 Days, Falling to 3.83 BTC

Bitcoin Miners’ Average Revenue Per Block Dips 25% in 3 Days, Falling to 3.83 BTCIn the last 24 hours, bitcoin miners have faced significantly reduced earnings, with the current hashprice lingering at a significant low. Just five days ago, miners were harvesting an average of 5.105 BTC per block, between a blend of new BTC and transaction fees, following a peak in the hashprice. However, the average yield per […]

Hacker Returns Nearly All of $68,000,000 Worth of Crypto Stolen From Whale Wallet: On-Chain Data