US Bitcoin miners hodl in expectation of BTC price rises

US mining firms are confounding pre-halving expectations by hodling the BTC they mine.

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How GoMining is revolutionizing Bitcoin mining through NFTs

How can retail investors profit from Bitcoin mining after the halving slashed profit margins?

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Bitcoin hashrate drawdown reaches December 2022 levels

This metric can be used to spot relative bottom points in the market price of Bitcoin and signal potential accumulation opportunities.

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Biden vetoes House and Senate votes on SECs anti-crypto resolution: Law Decoded

United States President Joe Biden has vetoed a resolution that would have overruled the U.S. Securities and Exchange Commission Staff Accounting Bulletin No. 121.

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Bitcoin breaks 18-month hashrate uptrend: Are BTC miners capitulating?

Despite the drop in hashrate, Bitcoin miner selling isnt correlated with the BTC price drop from $71,100 to $66,000.

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US Bitcoin miners silent in face of Kerrisdale snake oil claims

U.S. Bitcoin miners have remained tight-lipped following a recently released Kerrisdale Capital report criticizing the industry.

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Public Bitcoin miners secured $2B in financing ahead of halving

Miners equity funding activity is expected to be lower in the second quarter of 2024, with less than $500 million invested as of mid-May.

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Bitcoin hash rate dips as miners turn off unprofitable ASICs post-halving

Despite the recent block reward halving, only the profitability of Bitcoin miners with less efficient mining rigs is endangered, according to TeraWulfs Nazar Khan.

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Dead protocol leaks crypto funds from hacked pool

Approximately $181,000 worth of crypto assets was drained from Yield Protocols strategic contracts present on the Arbitrum blockchain.

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Bitcoin Onchain Fees Dive Below $1, Pending Transactions Drop, and Miners Experience Difficulty Reduction

According to recent Bitcoin data, the count of pending transactions, still awaiting confirmation, has plummeted beneath the 300,000 mark, while onchain fees have seen a reduction over the past week. Starting from July 29, the average onchain fees have fallen below the $1 threshold for each transaction, and as of July 31, 2023, the average [...]

The post Bitcoin Onchain Fees Dive Below $1, Pending Transactions Drop, and Miners Experience Difficulty Reduction appeared first on Crypto Breaking News.

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Bitcoin Mining Difficulty Surpasses 50 Trillion for the First Time, Reaching a Record 51.23 Trillion

On Wednesday, Bitcoin reached a new milestone as its mining difficulty increased by 3.4% at block height 792,288, setting a fresh record. The difficulty level surpassed the 50 trillion mark for the first time in Bitcoin’s history, hitting an unparalleled 51.23 trillion. Bitcoin Mining Difficulty Jumps 3.4% Higher Data reveals that around 373 exahash per [...]

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Bitcoin Mining Difficulty Poised to Break 50 Trillion Barrier, May 31 Projection Shows

Despite an upswing in mining difficulty on May 18, current data projects Bitcoin’s mining difficulty to see a further escalation on May 31, 2023—potentially jumping between 1.1% and 2.51%. Bitcoin’s Difficulty Nears 50 Trillion Milestone Bitcoin’s mining difficulty, already at an unprecedented level of 49.55 trillion, seems poised to breach the 50 trillion threshold within [...]

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Dash Block Production Resumes After Disruption Amidst Miner Complaints

After experiencing a disruption while attempting to upgrade the Dash blockchain, the network has now resumed block production. As of the time of writing, 552 blocks have been confirmed since the incident. Despite the onchain resolution provided by Dash Core 19.1.0, individuals have expressed complaints regarding mining on a different chain. Complaints Arise as Dash [...]

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The last Bitcoin: What will happen once all BTC are mined?

According to some experts, miners will always be essential to the Bitcoin ecosystem, even after mining the last coins.

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Why Bitcoin Mining Needs Stratum V2

Bitcoin mining is centralizing, but how real is the risk of network censorship? And can a protocol called Stratum V2 save the industry?

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Bitcoin Ordinals Create Stir Within Crypto Community

Luxor CEO Nick Hansen stated Bitcoin Ordinals might produce "synergies" between the mining pool and OridinalHub. (Read More)

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What Happens When the Bitcoin Blockchain Produces an Empty Block

Accept the oddities: Bitcoin's blockchain has more empty blocks than intended. (Read More)

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You don’t see that every day: Bitcoin empty block found

Don't be fooled by its emptiness: Block 776,339 plays as important a role as busier blocks in the Bitcoin blockchain.

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Russia Gives Tax Incentives to Crypto Miners

Russia offers tax benefits for crypto mining investors during tough times. (Read More)

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What is the Bitcoin hash rate? And why is at all-time highs?

Key Takeaways The Bitcoin hash rate is the amount of computing power contributed towards mining It has continued to take new all-time highs This squeezes miners’ profitability, at a time when electricity costs have risen and the Bitcoin price has fallen Overall, a high hash rate implies a healthy and more secure Bitcoin network   […]

The post What is the Bitcoin hash rate? And why is at all-time highs? appeared first on CoinJournal.

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