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First Mover: Bitcoin Miners Find Upgrade Financing Aplenty, Even as Prices Languish
20.7.2020
Big-money players are extending financing to bitcoin miners for equipment upgrades, even though prices are still torpid two months after the halving
Miner Hoards: Q2 Bitcoin Mining Supply Outflow Touches 12-Month Low
17.7.2020
Onchain data shows that bitcoin miners are hoarding despite the 50% loss in revenue that started on May 11, during the third reward halving. The seven-day average of bitcoin miners’ outflow volume and mining funds sent to exchanges remains significantly low. Roughly four weeks ago on June...
Bitcoin Miner Supply Sent to Exchanges Fell to 12-Month Lows in Q2 2020
16.7.2020
Bitcoin miners, following the law of supply and demand, curtailed their supply to exchanges to the lowest level in 12 months during the second quarter
Bitcoin Difficulty Touches All-Time High, 120 Exahash of Hashpower Remains Strong
13.7.2020
The network difficulty for the Bitcoin network spiked over 9.8% on Monday bringing the difficulty to its highest point ever. The record high of 17.35 trillion makes it much harder for bitcoin miners to profit. However, the overall Bitcoin network hashrate has remained consistently above the...
It's Never Been So Difficult to Mine Bitcoin; Miners Offload More BTC
13.7.2020
Bitcoin (BTC) mining difficulty just reached a new all-time high, increasing pressure on less efficient miners that have already started selling more BTC.
Bitcoin mining difficulty, which is the measure of how hard it is to compete for mining rewards, just jumped by 9.89%, climbing above 17 T...
Bitcoin Miners Hodl More As BTC Trades Sideways Ahead of Difficulty Increase
6.7.2020
Bitcoin (BTC) miners have been hodling more for several weeks now, as the price holds above the USD 9,000 mark. Meanwhile, BTC mining might become more difficult in a week.
It seems that at the time when more Bitcoin miners have been turning their machines on, increasing hashrate, or...
Bitcoin Miners Saw 23% Revenue Drop in June
2.7.2020
Bitcoin mining revenue dropped 23% in June to approximately $380 million
US Contract Miner Core Scientific Buys 17,600 Bitcoin Miners From Bitmain
30.6.2020
U.S. contract mining firm Core Scientific has agreed on a deal to buy 17,600 mining rigs from Chinese bitcoin hardware maker Bitmain Technologies Inc. The company is buying Bitmain’s next-generation bitcoin (BTC) miner, the Antminer S19, it said in a statement on June 29. The miners will...
Bitcoin Miners Done Selling? 5 Things to Know for BTC Price This Week
29.6.2020
A mixed bag of metrics and influences is testing Bitcoin’s resolve this week, with trajectory undecided as $9,000 wavers
Bitcoin Price Dump: Miners Start Selling 9,000 BTC, Possibly Opening Bear Cycle
25.6.2020
Bitcoin miners on Tuesday transfered nearly 3,000 bitcoin, worth around $28 million, directly into exchange wallets. Several thousand others were likely moved via over-the-counter (OTC) deals. Direct exchange transfers represent the largest flow of bitcoin (BTC) from miners to such platforms...
Outflow of Bitcoin From Miners at Lows Not Seen Since 2010
19.6.2020
Miner outflows of bitcoin have dropped to decade lows, with analysts saying a hoarding mentality and a drop in issuance after the halving are responsible
Bitcoin Difficulty Sees Two-Year Record Surge as Hash Rate Mimics 2017
17.6.2020
A giant 14.95% advance makes analysts confident as miners appear to balance increased costs to retain profitability
Satoshi Nakamoto Candidate Paul Le Roux to Start Bitcoin Mining Business After Prison Time
16.6.2020
A possible Satoshi Nakamoto, the mysterious creator of Bitcoin, has been sentenced to 25 years in prison. Criminal mastermind Paul Le Roux told the judge that upon his release he plans to “start a business selling and hosting bitcoin miners,” claiming that his ASIC chip design will...
Bitmain’s Power Struggle Takes Toll on Customers as Co-Founder Halts Shipments
11.6.2020
Like the employees forced to choose sides, Bitmain customers have been caught in the middle of the power struggle at the No.1 bitcoin miner manufacturer
Chinese Government Crackdowns and Cheap Hydropower- Miners Migrate from North to South China
4.6.2020
China-based bitcoin miners have started to migrate southbound from North China, according to local reports. The operators are having difficulties and are transitioning mining facilities for cheap hydro-powered electricity. Testimonials also show that 64 mining operations in the prefecture in Yunnan...
Miners Are Selling More of Their Bitcoin. That May Actually Be Bullish
3.6.2020
The conventional wisdom could be challenged because miners mainly operate on cash, meaning they need to liquidate their holdings almost daily to fund the cost of mining
Relief to Bitcoin Miners as Double-digit Difficulty Adjustment In Sight
3.6.2020
With the second post-halving bitcoin (BTC) mining difficulty adjustment set to occur shortly, miners might once again breathe a sigh of relief after the previous such event also made life easier for players in the highly competitive industry.
This time, difficulty, a measure showing how hard it...
Bitcoin Hashrate Bounces Back- 2x the Mining Pools, Farm Diversification, 100 Exahash
30.5.2020
Around 18 days ago, the Bitcoin protocol experienced it’s third block reward halving and the network saw a 33% hashrate loss. Since then, however, bitcoin miners have increased in both number and hashpower, as the network has seen a 15-20 exahash per second (EH/s) increase. Moreover, on...
Bitcoin Miners Will Use Derivatives Like Traditional Commodity Producers
23.5.2020
Miners need traditional financial products in order to hedge against the risk of increasing hash rate and difficulty
Bitcoin Miners Double Revenue: Fees Spiked Over 200% in 10 Days Since the Halving
20.5.2020
Bitcoin (BTC) miners earned 44% more in transaction fees in the nine days since the halving than they did for the whole of April. If this continues miners will have more than doubled their income from transaction fees going forward. According to data from Coinmetrics, miners have collected...