Bitcoin miners generated an estimated $692 million in revenue in December, up 33% from November, according to on-chain data from Coin Metrics analyzed by CoinDesk. Extending November’s own 48%…
Tag: Miners
Blockchain Bites: BlockRock Exec Says Bitcoin Is ‘Here to Stay,’ Investors Load Into BTC Puts – CoinDesk
Major bitcoin miners are signaling their support for the network’s Taproot upgrade. Institutional buyers are loading up on BTC puts, Deribit analysts say. Goldman Sachs thinks the “digital yuan”…
Blockchain Bites: XRP Sales, INX IPO and Bitcoin Mining Woes – CoinDesk
China’s bitcoin miners are in a rut, Ripple shows signs of sales growth and INX is continuing with its IPO vision. You’re reading Blockchain Bites, the daily roundup of the…
Halving Didn’t Stop Bitcoin Mining Rewards From Being Big Last Month | Live Bitcoin News
Despite a particularly shaky month, new research suggests that bitcoin miners pulled in a hefty amount of revenue in May – the month of the highly-anticipated third halving. The…
Bug in ‘Timelocked’ Bitcoin Contracts Could Spur Miners to Steal From Each Other – CoinDesk
A widespread bug has compromised a special type of bitcoin transaction that is supposed to discourage miners from cheating, new research shows. In a report released in late April,…
Bitcoin’s Price Has Bounced but Miners May Still Be Switching Off Post-Halving – CoinDesk
While bitcoin is fast reversing its pre-halving price drop, some miners still look to be leaving the network. At time of writing, the top cryptocurrency by market value is…
Ya’an Has Too Much Hydroelectricity; Offers It to BTC Miners | Live Bitcoin News
A Chinese city known as Ya’an is asking all its bitcoin and crypto miners to use up all its excess hydropower. Ya’an: Use Up Our Water! Ya’an is known…
Bitcoin Halving 2020: The ‘Arms Race’ for Miner Efficiency Intensifies – CoinDesk
In lead-up to the next bitcoin halving event in May, some bitcoin miners are looking at leveraging what Moore and Carlson describe as “surplus energy” to make operations even…
Competition in Bitcoin Mining Eases as Price Drop Thins Herd- CoinDesk
A key measure of competition among Bitcoin miners just dropped by 15.95 percent – the second-largest decline in the network’s history. The drop in so-called mining difficulty signals some…
Ruble’s Drop Eases Pain of Lower Bitcoin Prices for Russia’s Miners – CoinDesk
The global market meltdown has indirectly benefited Russia’s bitcoin miners, even as the cryptocurrency’s price tumbled along with other assets. That’s because the Russian national currency has rapidly lost…