Tagged: bitcoin mining

Compass Mining Releases Home Bitcoin Mining Guide to Help Clients Mine BTC at Home

Mining Hardware Computers

Compass Mining , which claims to be the first and largest online marketplace for Bitcoin mining hardware, hosting, and reselling, recently revealed the release of their Home Mining Guide, which “details information on set up, maintenance, repair, and research for home bitcoin mining.” As it exists, there are many “knowledge… Read More

Gaming Fintech ZEBEDEE and UK based Mobile Gaming Studio Fumb Games Release Bitcoin Miner

Bitcoin BTC Cryptocurrency

Gaming Fintech ZEBEDEE and mobile gaming studio Fumb Games recently announced the release of Bitcoin Miner, which is “an idle mobile game that pays players real Bitcoin for managing a simulated crypto mining business.” The game represents “an interesting fusion of gaming and Fintech, as… Read More

Compute North Establishes New 300MW Data Center in Granbury, Texas

Texas by Enrique Macias Unsplash

Compute North, which claims to be the leader in sustainable, large-scale computing infrastructure, has announced that construction is underway “to build a 300MW TIER 0™ data center next to the Wolf Hollow Generating Station in Granbury, Texas.” As covered, Compute North works with clients in… Read More

Annual Mined Bitcoin Expected to Decline from 1.2 BTC / PH/s in 2022 to 0.8 BTC in 2023: Report

Crypto Mining Computers

The team at BitOoda notes that their current target Hashrate (the amount of computing power securing the Bitcoin network) analysis calls for “a back-end loaded growth in network Hashrate to 327EH/s by the end of 2022.” BitOoda writes in a blog post that the longer-term… Read More

Bitcoin Mining, Hashrate Report: Percent Decrease in Mining Profitability Is Slowing when Measured in Satoshis

Crypto Mining Computers

Recently, network difficulty on the Bitcoin (BTC) network surged around 4.8% as total hashrate (or the amount of computing power securing the leading cryptocurrency network) exceeded 200 EH/s for the “first time ever.” The team at Compass Mining noted that “breaking through mining profitability’s gloomy… Read More

Bitcoin (BTC) Price Correlation to Nasdaq Drops to 51%, Relationship Is Strongest when NASDAQ Is Down Big: Report

Bitcoin and Liberty Dollar CBDC

The research team at BitOoda has provided an update on Bitcoin and broader public markets. As of February 15, 2022, $291 million in YTD fund outflows have taken place along with an inverted term structure of BTC volatility now “at 11% realized less implied.” As… Read More

Bitcoin Mining Report: Carbon Emissions by Electricity Providers Supplying the BTC Network are Inconsequential

Mining Mine Cart

Bitcoin’s energy usage and its “indirect” environmental impact have been a topic of heated discussions, from “humble” beginnings in early forum posts of Satoshi Nakamoto (the pseudonymous creator of Bitcoin), to its eventual culmination as the topic of an entire committee hearing in the US… Read More

Bitcoin Remains Risk-On Asset Notwithstanding Inflation Hedge, Digital Gold, Uncorrelated Asset Narratives: Report

Bitcoin and Fiat Coins Money

The correlation of Bitcoin (BTC) to the Nasdaq stands at around 53% and declining. Recently, the S&P and the Nasdaq have stabilized after the late January 2022 selloff, according to an update from BitOoda. As they’ve noted, a large down day in the Nasdaq is… Read More

Bitcoin Mining Report: Analysts Expect to See Multiple Crypto Mining Firms to Complete Listings on the NASDAQ

Mining Hardware Computers

Brandon Bailey, a crypto mining analyst at Galaxy Digital, notes that a strong Bitcoin bull market, “authoritarian” crackdown on cryptocurrency mining in China and “flight to North America” seems to have flipped the international hashrate economy on its head during 2021. In a recent report,… Read More

Analysts at Blockstream Predict Huge Year for Liquid Network, STOs, as Bitcoin Price Continues to Decline: Report

Fortune Cookie Small Wins Big Successes

Bitcoin-focused tech firm Blockstream notes in their Markets Weekly Report that BMN is launching a capital raise via Bitfinex Securities in the coming days. Meanwhile, El Salvador is preparing its regulatory framework for the upcoming BTC bond, and Goldman Sachs (NYSE:GS) recently stated that BTC… Read More

Bitcoin (BTC) Fluctuation in Hashrate Is Tied to its Inflation Rate, Analyst at Compass Mining Explains

Flipping Bitcoin small 1

Compass Mining, which claims to be the first and largest online marketplace for Bitcoin mining hardware and hosting, has commented on the relationship between BTC’s hashrate and the leading cryptocurrency’s issuance rate. According to mining analyst Mitch Klee, the inflation rate is “tied to hashrate… Read More

Higher BTC Transaction Fees have Been Correlated to Bull Markets, Analyst at Compass Mining Explains

Bull Art Miami

The team at Compass Mining writes in a blog post that it is noticeable that in every crypto bull market, there seems to be “a lot of new entrants.” As noted by Compass Mining, a frenzy takes place and people get really excited when they… Read More

Bitcoin focused Fintech Firm Blockstream Reports that Recent BTC Price Correction Is One of 2021’s Mildest

Money Eyes Benjamin Look See

Bitcoin-focused Fintech firm Blockstream has published its Markets Weekly report., Blockstream‘s report, dated December 3, 2021, notes that Fidelity has established a new BTC ETF in Canada, while GS is considering BTC lending. As mentioned in the report, VanEck has filed for a mining ETF,… Read More

Bitcoin Mining: Supercomputing Solution Provider, Canaan, Delivers 2000 Avalon Miner Units in Kazakhstan

Mining Mine Cart

Canaan (NASDAQ:CAN), a provider of supercomputing solutions, has confirmed the successful delivery of more than 2,000 Avalon Miner units in Kazakhstan, “marking the commencement of joint mining operations by Canaan’s overseas-registered operating entity,” according to an update shared with CI. As mentioned in the announcement, more… Read More

Bitmex Says it is First Crypto Exchange to Become Carbon-Neutral

Bitcoin Up in Smoke

Last May, Bitmex published a commitment to become a carbon-neutral crypto exchange. As many people know, crypto transactions can utilize a lot of energy due to the need for computing power. At that time, Bitmex said carbon offsetting was its path to mitigating its carbon… Read More

Compass Mining, an Online Marketplace for Bitcoin Mining Hardware, Launches Compass Payment Plan

Mine Shaft Mining by Martin Brechtl on Unsplash

Compass Mining, which claims to be the first and largest online marketplace for Bitcoin mining hardware and hosting, announced the launch of its effort to make BTC mining accessible to all — Compass Payment Plan. This new program allows customers to “purchase Bitcoin mining equipment… Read More

Chinese Crackdown on Crypto May Lead to Divergence between On-Exchange and On-Chain TX Volume, thus Lowering Network Congestion, Fees: Report

Beijing Traffic Jam China

As widely reported, China has expanded its ongoing cryptocurrency crackdown. This reportedly includes increasing enforcement against illegal digital currency mining, as well as preventing financial transactions involving crypto-assets. The Chinese central bank also confirmed that any trading, order matching, token issuance and derivatives on cryptocurrencies… Read More

Bitcoin (BTC) Mining Difficulty Increases Again, Marking its Longest Streak Since Feb 2020: Report

Mine Shaft Mining by Martin Brechtl on Unsplash

Bitcoin (BTC) difficulty, a parameter that virtual currencies use to keep the average time between blocks fairly steady as the blockchain network’s hash power changes (where a relatively high difficulty may help with securing the blockchain against attacks), increased for the fifth straight  time –… Read More

Bitcoin Is Most Institutionally Investable Crypto, as BTC Mining Margins Stay Strong Despite Market Uncertainty: Report

Double Bitcoin

The team at BitOoda, an international digital asset financial technology & services platform providing next-gen risk management solutions, best-execution brokerage & expert market analysis, notes in a recent crypto market update that Bitcoin (BTC) dropped around 5.1% WoW, settling at $46,187 “as of midnight UTC… Read More

On-chain Bitcoin Activity Reverses Multi-Month Decline Streak with Increases in Avg. Daily Transactions, Payments: Report

Bitcoin Computer Keyboard

Blockchain.com, a crypto wallet provider, digital asset exchange, and block explorer service, notes in a recent crypto market report that longtime Bitcoin (BTC) investors have “historically been able to count on two core price dynamics.” As mentioned in a blog post by Blockchain.com, Bitcoin’s price… Read More

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