Tagged: bitcoin mining

Bitcoin Mining Economics Improve in BTC Terms, but Weaken in USD Terms, Hashrate Might have Bottomed: Report

The team at BitOoda, a global digital asset financial technology & services platform providing next-gen risk management solutions, best-execution brokerage & expert market analysis, has released their Weekly Hash Report, dated July, 19 2021. As noted in the report from BitOoda, hashrate or the amount of… Read More

Bitcoin Mining Economics Maintain Improvement Since Last Week, as Chinese Miners Seek Sites for Future Equipment Deliveries: Report

The research analysts at BitOoda have published their Weekly Hash report, dated July 12, 2021. The report reveals that cryptocurrency miner economics have improved despite the range-bound Bitcoin (BTC) price. The BitOoda team writes in a blog post that China’s Bitcoin mining ban “continues to… Read More

Riot Blockchain Produces 243 Bitcoins (BTC) Currently Valued at Over $8 Million during June 2021

Riot Blockchain, Inc. (NASDAQ: RIOT), which is one of the leading Nasdaq-listed Bitcoin mining firms in the US, reveals its June production and operations updates, including its “unaudited” BTC production for the month of June 2021 and its “miner deployment status.” Last month, Riot produced… Read More

Bitcoin Mining Economics Improved Considerably, Mining Revenue Increases, but BTC Price Still Stagnant: Report

The BitOoda team has shared their Weekly Hash report, dated July 5, 2021. The target Bitcoin (BTC) hashrate is down 28% (on weekend reset), the BitOoda team noted in their latest report. China’s Bitcoin mining ban is “playing out, resulting in target Hashrate falling to… Read More

Bitcoin Records its Weakest Second Quarter Ever, and One of the Weakest Since 2011: Report

The team at NYDIG, a financial services and technology company dedicated to Bitcoin, has taken a look back at the second quarter and the events that “shaped it,” as well as looking forward to key events in the foreseeable future. The report from NYDIG acknowledges… Read More

Bitcoin Continues to Build Large Capital Base between $32-$40K, with 15% of BTC Money Supply Moving in this Range: Report

In his latest update on the cryptocurrency markets, prominent Bitcoin investor Anthony Pompliano, has shared key insights on how China’s BTC mining crackdown has impacted on-chain metrics. Well-known industry analyst Will Clemente has covered this week’s Bitcoin situation by looking carefully at on-chain metrics which… Read More

Average Bitcoin Network Block Times Drop Back Below 20 Minutes, but Still Abnormally High: Report

Nate Maddrey and the Coin Metrics research team notes in their latest State of the Network report that the cryptocurrency markets plummeted again this last week after more news surfaced about stricter Chinese regulation, including the People’s Bank of China (PBoC) instructing the nation’s financial… Read More

Bitcoin Mining Ban in China Moving Forward Aggressively as Nearly All Local Miners Appear to be Offline: Report

China’s Bitcoin mining ban has been moving forward in an aggressive manner, which has led to a rapid decline in hashrate or the amount of computing power required to secure the BTC network. The team at BitOoda notes in a blog post, dated June 29,… Read More

Empty Mempools Coincide with Major Drop in Bitcoin Hashrate as Miners Migrate from China Following Stricter Regulations: Report

Cryptocurrency mining specialist Zack Voell notes that this month, Bitcoin mempools have been “emptying more frequently than usual” during the last 6 months. According to Voell, this short-term trend of empty mempools follows BTC’s price drop down to around $30,000 through the end of May… Read More

China Continues Bitcoin Mining Crackdown to Improve Capital Controls Enforcement, Enhance RMB Protections, Strength Digital Yuan Use-Case: Report

The team at BitOoda, a global digital asset financial technology and services platform offering risk management solutions, recently noted that the Bitcoin market is continuing its consolidation pattern. As mentioned in an update from BitOoda, $30,000 has “proved to be a support level for now.”… Read More

Remittance Payments to El Salvador can be Improved by Using Bitcoin or Other Crypto Rails Instead of Regular Money Transfers: Report

Nate Maddrey and the other researchers at Coin Metrics have shared their latest State of the Network Report. Published on June 15, 2021, the report from Coin Metrics notes that on June 9, 2021, the El Salvador Congress introduced a bill that officially made Bitcoin… Read More

Bitcoin Mining in Iran Banned for 4 Months, Hundreds of Unregistered BTC Miners Seized by Government: Report

Zack Voell, a cryptocurrency mining specialist, writes in a blog post published by Compass that Iran has banned Bitcoin mining for four months in the country’s most recent “legal pivot” away from the “begrudged but enduring segment of miners” operating in the country. Voell points… Read More

Chinese Government Might Impound Bitcoin Mining Hardware, Taking Out BTC Hashpower Permanently: Report

The team at BitOoda, a global digital asset financial technology and services platform offering risk management solutions, “best-execution” brokerage and market analysis, notes that based on questions they’ve been getting from their clients and partners, they’re now sharing their latest analysis of “potential scenarios” resulting… Read More

China has Not “Banned” Bitcoin Again, but Will Be Adopting Stricter Measures for Crypto-related Activity: Report

Digital asset firm OKEx, which claims to be the world’s largest spot and futures trading platform for cryptos, has clarified that China has not actually banned or attempted to ban Bitcoin (BTC) again. While sharing what they know, the OKEx team noted in a blog… Read More

New Crypto Market Entrants After Tesla’s $1.5B BTC Purchase May Have Sold their Bitcoin Holdings to Stronger Hands: Report

Nate Maddrey and the Coin Metrics research team notes that during the past two weeks, crypto was hit by a “double tsunami” of seemingly negative news. Tesla (NASDAQ:TSLA) and SpaceX CEO Elon Musk announced that Tesla would no longer be taking Bitcoin payments while adding… Read More

Bitcoin Mining Operators in N. America Agree in Meeting with Elon Musk to Form Council to Promote Energy Usage Transparency

Michael Saylor, Founder at CEO at MicroStrategy (NASDAQ: MSTR), a business intelligence firm that has invested heavily in Bitcoin (BTC) in order to strengthen its corporate treasury, has revealed that he recently hosted a meeting between Telsa and SpaceX CEO Elon Musk and the leading… Read More

Coinbase Addresses Misconceptions and Myths about Bitcoin (BTC) Mining, Environmental Issues

As Bitcoin (BTC) has become increasingly popular, questions regarding how it actually works have arisen among investors and the general public. One of the most pressing questions is regarding the potential environmental impact of cryptocurrency mining, which is the process the blockchain or distributed ledger… Read More

China’s Bitcoin Mining Crackdown May be Quite Bullish for Global Hashrate Diversification, Expansion of North American BTC Mining: Report

The team at BitOoda, a global digital asset financial technology and services platform offering risk management solutions, “best-execution” brokerage and market analysis, notes that in China, Vice Premier Liu He, in a meeting of the Financial Stability and Development Committee, had stated on Friday (May… Read More

Bitcoin Mining Revenue Declines due to Greater Target Hashrate, Higher TX Fees, Lower BTC Spot Price: Report

The team at BitOoda, a global digital asset financial technology and services platform offering risk management solutions, “best-execution” brokerage and market analysis, has published their Weekly Hash Report (dated 5/17/2021). As mentioned in BitOoda‘s report, Bitcoin (BTC) “sold off 21% to $46,023 as of 5/16… Read More

Bitcoin Mining Expert Explains why Generating “Clean” BTC Blocks Can Be Extremely Challenging

Zack Voell, a cryptocurrency mining specialist, writes in a blog post published by Compass that block 682,170 was the first “clean” block that was mined by public mining firm Marathon’s new pool. Voell writes in a detailed post from Compass, a “Bitcoin-first” company that aims… Read More

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