Mining

Argo Blockchain, one of the largest public Bitcoin mining companies on the market, is facing a cash shortage that could force it to shut down in the near future. According to an October 31 press release, the company failed to secure a $27 million strategic investment that was supposed to improve its liquidity position. The […]

Determining the market bottom requires a lot of guesswork. Bitcoin’s recent volatility has resulted from various factors ranging from geopolitical uncertainty and local regulation to internal implosions of the crypto market. Miners have historically been one of the most reliable omens of Bitcoin’s performance. Bitcoin miners make up the foundation of the crypto market and […]

This has been the year of mining difficulty and hash rate, as they kept increasing to record new all-time highs (ATH) despite the declining trend in Bitcoin (BTC) price, according to data analyzed by CryptoSlate. Mining difficulty refers to miners’ chance of finding the required hash code to mine one block. Hash rate, on the […]

Core Scientific, one of the world’s largest publicly traded Bitcoin mining companies, is on the verge of insolvency. In an Oct. 26 SEC filing, the company said its operating performance and liquidity had been severely impacted by rising electricity costs and falling Bitcoin prices. The increase in hash rate has also drastically impaired the company’s […]

Moldova has banned crypto mining activities and the importation of its equipment because of the growing energy crisis, EPrimeFeed reported Oct. 26. According to the report, Moldova’s Commission for Emergency Situations (CES) decided to embrace this measure in light of the energy crisis that has engulfed the region. Reports revealed that Moldovan President Maia Sandu […]

There was a massive surge in public miners’ Bitcoin hashrate share as it has steadily grown during the last year, according to a report from the Hashrate Index. Occasioned by the enormous funds derived from the 2021 bull run, many of these miners invested heavily in mining rigs, thereby widening and enhancing their operations. According […]

Peter McCormack, co-founder of Coinmetrics, and Nic Carter argued that the “White House is wrong about Bitcoin mining” during the latest episode of WhatBitcoinDid. The report in question was one of several commissioned by President Biden via an Executive Order in March. Carter claimed that the White House reached out to him for comment on […]

Bitcoin (BTC) network’s mining difficulty recorded a new all-time-high (ATH) on Oct. 23 as the difficulty increased by 3.4% to reach 36.84 trillion. At the same time, the Difficulty Ribbon has started to compress, which historically indicates good buying opportunities. Mining difficulty The chart below demonstrates mining difficulty with the orange line. The final 3.4% […]

Bitcoin (BTC) miners had a rough third quarter, with the cost of mining increasing, although BTC’s price continued to fall, according to the Hashrate Index report. According to the report,  the rate at which public miners sold mined BTC dropped for the first time since May. Hashprice decrease The best sign of how unprofitable the […]

The dominant media narrative surrounding Bitcoin has been one of an energy-guzzling digital asset used for speculation. Institutions ranging from local governments to the World Economic Forum (WEF) have been touting Bitcoin’s energy usage as a huge driving factor of climate change, issuing reports comparing its energy consumption to various nation-states. This narrative was further […]