Tagged: crypto 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 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

Iran Seizes 7k Crypto Mining Machines in a Major Crackdown

In a major crackdown, the Iranian police have seized 7,000 crypto mining machines blamed for massive power outages in the country, as per its state media. The police  7,000 computer miners were seized in an abandoned factory in the west of the capital city of… 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

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

Nasdaq listed Bitcoin Mining Hardware Firm Canaan Launches After-Sales Office in Kazakhstan

Canaan Inc. (NASDAQ: CAN), an established high-performance computing solutions provider, revealed on Monday (June 7, 2021) that it has launched its first international after-sales service center, based in Kazakhstan. According to a release shared with CI, the new Service Center will offer Canaan‘s domestic clients… Read More

London’s CoinShares Invests in Viridi Funds, which will Offer ESG Crypto Mining Product

CoinShares (Nasdaq First North Growth Market: CS), Europe’s largest digital asset investment firm with $3.7B in AUM, as of May 27, 2021, recently revealed that it has made an investment in Viridi Funds (Viridi), an “emerging” fund manager. CoinShares‘ management noted that it will be… 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’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 Hardware Marketplace Compass Mining Now a Member of Texas Blockchain Council

Compass Mining, which claims to be the world’s first online marketplace for Bitcoin mining hardware and hosting, recently confirmed that it’s now a member of the Texas Blockchain Council (TBC). TBC was established in November of last year with the stated goal of expanding the… 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

Bitcoin Mining Firm Blockcap Inc Reports that it Mined 544 BTC During Q1 2021

Blockcap Inc., an established Bitcoin mining and blockchain tech firm based in the US, revealed on Friday (April 16, 2021) that it has mined a total of 544 BTC during Q1 2021. As mentioned in a release: “Coming on the heels of several large-scale acquisitions… Read More

Meltem Demirors from CoinShares Explains why their Company Invested in Bitcoin Mining Firm MintGreen

Meltem Demirors, Chief Strategy Officer at European digital asset manager CoinShares, recently revealed that she’s excited to share that CoinShares Ventures has made a strategic  investment in MintGreen, a CleanTech firm that uses Bitcoin or BTC mining to monetize heat generation. Demirors explains that MintGreen… Read More

Iran Is Reportedly Planning to Bypass International Sanctions by Engaging in Bitcoin Mining and BTC Transactions

Iran’s Presidential Center for Strategic Studies, which is a thinktank that is attached with President Rouhani’s office, has released an extensive report which emphasizes the need for the so-called rogue State to use decentralized cryptocurrencies to generate additional revenue. Extracting these virtual currencies, the report… Read More

Tesla’s $1.5B Bitcoin Purchase Reignited Mainstream Media Narrative that BTC Mining Is a Major Environmental Hazard: Report

Tesla Inc’s recent Bitcoin investment has “reignited” mining FUD, according to Compass, a “Bitcoin-first” company that aims to support the “decentralized” growth of hashrate and “strengthen network security” by helping people learn, explore and mine Bitcoin. Compass notes that by dropping $1.5 billion into BTC,… Read More

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