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Litecoin Completes Third Block Reward Halving, Cutting Rewards to 6.25 LTC; Miners Face Revenue Loss as Prices Dip 4%
2.8.2023
The Litecoin (LTC) network has officially experienced its third block reward halving at block height 2,520,000, with LTC rewards diminishing from 12.5 LTC to 6.25 LTC. Thus far, the halving has not propelled LTC prices upwards as market data reveals LTC has declined over 4% in the past 24 hours....
Bitcoin Mining in July: $844.56 Million in Revenue, Dominance of Top Pools, and Fluctuating Difficulty Levels
1.8.2023
As per the data compiled for the month of July, bitcoin miners discovered a total of 4,366 blocks, collectively accruing approximately $844.56 million in block rewards and fees. This figure marks an estimated increase of $60.8 million from the previous month. July’s Bitcoin Mining Landscape:...
Bitcoin mining update: Stocks cool off, miners send BTC to exchanges to prep for halving
31.7.2023
Bitcoin miners make moves in preparation for the BTC block reward halving, which is scheduled for April 2024
Bitcoin Onchain Fees Dive Below $1, Pending Transactions Drop, and Miners Experience Difficulty Reduction
31.7.2023
According to recent Bitcoin data, the count of pending transactions, still awaiting confirmation, has plummeted beneath the 300,000 mark, while onchain fees have seen a reduction over the past week. Starting from July 29, the average onchain fees have fallen below the $1 threshold for each...
Borneo authorities seize illegal crypto miners running off stolen power
31.7.2023
A Malaysian energy supplier uncovered an illegal cryptocurrency mining operation stealing power from the local grid on the island nation of Borneo
Crypto Mining Crackdown in Malaysia: Sarawak Police and Energy Plant Dismantle Illegal Mining Operation
31.7.2023
A covert cryptocurrency mining operation, suspected of electricity theft, was uncovered in a Marina Square shophouse in Miri, Malaysia. Representatives from the Sarawak police and Sarawak Energy plant revealed that the successful operation was made possible by a tip-off from the public....
A BlackRock BTC ETF Wouldn't Be Possible Without Bitcoin Miners
28.7.2023
With institutions like BlackRock, Fidelity and Ark Investments all seeking SEC approval for Bitcoin ETFs, it's time to thank Bitcoin miners for laying the groundwork for industry expansion
Argentina Raises Electricity Tariffs for Crypto Miners – ‘Pressure’ Mounts on Miners?
28.7.2023
Crypto miners in Argentina are set for a rise in energy costs, after the Ministry of Economy published a revised list of electricity rates.
Per Livecoins, the Ministry has set miners a new rate of 17,240 Argentine pesos (around $63.30 at the time of writing) per megawatt-hour (MWh), the highest...
Stronghold Expands Operation With $3M Acquisition of 2,000 Canaan Bitcoin Miners
27.7.2023
Stronghold Digital Mining announced Thursday it has acquired 2,000 application-specific integrated circuit (ASIC) bitcoin mining rigs from Canaan. The new machines, costing $3 million, will be delivered to Stronghold’s Panther Creek facility in the third quarter. Stronghold Digital Mining...
Bitcoin Miners Buy up Rigs as Prices Near All-Time Lows
26.7.2023
Despite mining’s doldrums, miners are prioritizing the inclusion of next-generation mining rigs in their operations to prepare for the next Bitcoin halving
It’s Time for Miners to Stop With the Gimmicks
26.7.2023
Publicly-traded miners are prone to pursue marketing stunts as a way to raise their stock prices. Press releases about AI and HPC initiatives are the latest examples. This op-ed is part of CoinDesk's Mining Week
How Bitcoin Miners Can Stay Clear of SEC Scrutiny (and Fall Foul of It)
25.7.2023
Regulators view Bitcoin and other proof-of-work cryptocurrencies as commodities. But mining firms can still trip over securities regulations if they’re not careful. This story is part of CoinDesk's Mining Week
Innovative Heating Solutions: Bitcoin Miners Turning Heat Into Satoshis
24.7.2023
In recent years, bitcoin miners have learned to reuse the heat generated by application-specific integrated circuit (ASIC) mining rigs. Recently, a Twitter account named “Rev.Hodl” demonstrated how a bitcoin miner was employed to dry laundry. While the clothes dryer serves to...
How Miners Are Preparing for the Next Bitcoin Halving
24.7.2023
Bitcoin’s fourth “halving” next April poses miners with strategic questions around equipment, energy use and diversification. This story is part of CoinDesk's Mining Week 2023
Crypto Miners Are Pivoting to AI (Like Everyone Else)
24.7.2023
Ordinal Inscriptions Approach 19 Million Amid Stagnant Fees, Bitcoin NFT Sales Drop
23.7.2023
The number of Bitcoin Ordinal inscriptions on the blockchain is nearing 19 million, a trend that has continued for the past 218 days since December 16, 2022. Statistics indicate that miners have accrued roughly 1,847.66 BTC in fees, worth about $55.29 million, confirming the millions of Ordinal...
Arkansas counties rush to pass noise regulations for crypto miners
23.7.2023
Several counties in the U.S. state of Arkansas are hurrying to adopt new ordinances before August, when crypto mining facilities will be subject to the same rules as data centers
Charting Bitcoin’s Predictable Course: A Comprehensive Review of the Next 29 Reward Halvings
22.7.2023
In under 280 days, Bitcoin’s blockchain will undergo its fourth reward halving event, slicing the block subsidy from 6.25 BTC to 3.125 BTC. The crypto community is abuzz with chatter, contemplating how these substantial decreases in block rewards will transpire over the ensuing two decades...
Bitcoin miners still bullish despite toughest bear market yet - Hut8, Foundry, Braiins
21.7.2023
Bitcoin mining firms have been forced to sell newly minted Bitcoin to cover operational costs during one of the toughest bear markets for miners on record
Cryptocurrency Insurer Evertas Acquires Bitcoin Mining Insurance Specialist Bitsure
19.7.2023
Evertas, the first digital asset insurance company has announced its acquisition of Bitsure, the first crypto mining insurance provider as it looks to expand its coverage in multiple jurisdictions.
The firm which ranks among the few to work with the Lloyd’s of London partnered with Bitsure last...