Historic Drop in Bitcoin Revenue Leaves Miners Struggling news.bitcoin.com 04 August 2024 15:36, UTC After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The recent uptick in Bitcoin’s mining difficulty, coupled with the subsequent drop in its price, has driven bitcoin…
Bitcoin Mining Giants from Wall Street: Ranking the Top 5 by Market Cap financemagnates.com 03 August 2024 10:57, UTC Over 20 companies engaged in Bitcoin (BTC) mining, the process of extracting the oldest cryptocurrency for profit, are now listed on global stock exchanges. Wall Street is home to the vast majority of them, and…
Bitcoin Mining Squeeze: July Revenue Hits Lowest Monthly Intake of the Year news.bitcoin.com 03 August 2024 15:10, UTC In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million was generated from transaction fees, reflecting a trend of low onchain fees. July Bitcoin Mining…
Bitcoin Network Faces Centralization Challenge as Two Pools Dominate Mining cryptonewsland.com 03 August 2024 20:59, UTC Foundry USA and Antpool now have more than 60% Bitcoin hash rate, which increases the problem of centralization in the Bitcoin network. Centralization of mining power introduces the threat of a 51% attack where a single party gains…
Bitcoin miner Core Scientific reports $805 million net loss in Q2 theblock.co 07 August 2024 22:25, UTC theblock.co
Putin Signs Law Legalizing Cryptocurrency Mining in Russia bitcoinmagazine.com + 5 more 08 August 2024 15:31, UTC Russian President Vladimir Putin has officially signed a law that legalizes cryptocurrency mining in Russia. According to a report by Russian news agency TASS, the law introduces several key concepts, including digital currency mining, mining pools, and…
Northern Data reports 22% revenue increase in Q2 despite Bitcoin halving crypto.news 06 August 2024 12:07, UTC Northern Data announced that its revenue in the second quarter surged by 22%, defying expectations despite the impact of the Bitcoin halving. European Bitcoin (BTC) mining company Northern Data has rolled out its Q2 results published today,…
