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Silver Miners Unlikely to Meet Demand Even if Prices Keep Increasing

Silver Miners Unlikely to Meet Demand Even if Prices Keep IncreasingThe silver market is facing a multi-year deficit product of the extraction dynamics and the increase in the metal’s demand. Even with today’s high prices, silver production is unlikely to increase in the short or medium term given the high extraction costs and the time needed for developing new mines. Upcoming Silver Supply Crunch Might […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Bitcoin Hashrate Inches Closer to Record as Difficulty Rise Looms

Bitcoin Hashrate Inches Closer to Record as Difficulty Rise LoomsBitcoin’s hashrate has been climbing steadily, closing in on its peak of 693 exahash per second (EH/s) recorded on Sept. 8. At present, it’s cruising just shy of that record, clocking in at 680 EH/s. Block times have been quicker than the typical ten-minute average, and as we approach Oct. 9, the network’s difficulty is […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Blake3 Now Most Profitable PoW Algorithm for Crypto Miners, KAS Slips in Rankings

Blake3 Now Most Profitable PoW Algorithm for Crypto Miners, KAS Slips in RankingsIn July, the proof-of-work (PoW) crypto mining algorithm Kheavyhash, used by the kaspa (KAS) crypto asset, held the top spot for profitability among consensus algorithms. Fast forward to today, and it’s the Blake3 algorithm that’s taking the lead, with alephium (ALPH) miners raking in an estimated $40.53 in daily profits. Blake3 Tops PoW Mining, Followed […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Crypto Ponzi Leader Receives 121-Month Prison Sentence

Crypto Ponzi Leader Receives 121-Month Prison SentenceDavid Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding investors with false promises of profits. His scheme targeted working-class people with the lure of financial freedom through cryptocurrency trading and mining, none of which actually took place. Lavish expos were held to entice more […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Russian Bitcoin Mining Industry Could Surpass the U.S. in 2 Years

Russian Bitcoin Mining Industry Could Surpass the U.S. in 2 YearsIgor Runets, owner and CEO of Bitriver, commented on the growth potential of the Russian bitcoin mining industry following the approval of the mining law in the country. Runets stated that, due to the several advantages provided by the law, the Russian bitcoin mining industry could reach parity with the U.S. in two to three […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

SEC and DOJ Throw Support Behind Investor Class-Action Lawsuit Against Nvidia Over Alleged Crypto Mining Sales

SEC and DOJ Throw Support Behind Investor Class-Action Lawsuit Against Nvidia Over Alleged Crypto Mining Sales

Two prominent US regulatory agencies are supporting a class-action lawsuit against tech giant Nvidia over sales to crypto miners that were allegedly misrepresented. According to recent court filings, the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ) are filing amicus briefs in support of the group of investors suing Nvidia, […]

The post SEC and DOJ Throw Support Behind Investor Class-Action Lawsuit Against Nvidia Over Alleged Crypto Mining Sales appeared first on The Daily Hodl.

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Bitcoin Miner Terawulf Offloads 25% Stake in Equity to Bolster AI and HPC Operations

Bitcoin Miner Terawulf Offloads 25% Stake in Equity to Bolster AI and HPC OperationsBitcoin miner Terawulf Inc. has completed the sale of its 25% stake in the Nautilus Cryptomine joint venture for approximately $92 million. The company said this week that it intends to use the proceeds to expand its high-performance computing (HPC) and artificial intelligence (AI) infrastructure at its Lake Mariner facility. Crypto Mining Firm Terawulf Sells […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

MARA Purchases Bitcoin in September, Expands Hashrate, and Holds Mined BTC

MARA Purchases Bitcoin in September, Expands Hashrate, and Holds Mined BTCMARA, one of the largest bitcoin miners traded on the public market, acquired 192 BTC in September, while also holding onto all the bitcoin it mined during the month. MARA Strengthens Mining Operations, Grows Bitcoin Reserves to 26,842 This week, the publicly listed bitcoin (BTC) mining company MARA (Nasdaq: MARA) highlighted several operational improvements for […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

September Slump: Bitcoin Miners See 2024’s Lowest Revenue

September Slump: Bitcoin Miners See 2024’s Lowest RevenueAccording 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 […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Hashprice Gains Give Bitcoin Miners a Much-Needed Boost After Sluggish Month

Hashprice Gains Give Bitcoin Miners a Much-Needed Boost After Sluggish MonthBitcoin miners are finally catching a break after a sluggish September, with hashprice climbing 10.33% in the past 30 days. A solid 8.93% of that bump came within the last four days alone. Hashprice Jumps Nearly 9% in 4 Days: Bitcoin Miners Catch a Break as September Nears End On Aug. 29, 2024, mining revenues […]

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA