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Amid Shifts in Bitcoin Mining Economics, Steep Discounts Emerge for Older ASIC Rigs

According to current metrics, older bitcoin mining rigs are not generating the same revenue as they did before the halving, particularly with the hashprice at approximately $0.056 per terahash per…

Continue ReadingAmid Shifts in Bitcoin Mining Economics, Steep Discounts Emerge for Older ASIC Rigs

Bitcoin Miners’ Average Revenue Per Block Dips 25% in 3 Days, Falling to 3.83 BTC

In the last 24 hours, bitcoin miners have faced significantly reduced earnings, with the current hashprice lingering at a significant low. Just five days ago, miners were harvesting an average…

Continue ReadingBitcoin Miners’ Average Revenue Per Block Dips 25% in 3 Days, Falling to 3.83 BTC

The Non-Custodial Conflict: US Government Actions Stir Crypto Community Concerns

Over the past two days, there has been a notable uptick in concern within the crypto community regarding the U.S. government’s actions toward non-custodial wallets, which facilitate the sovereign storage…

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Post-Halving Fallout: Bitcoin Hashprice Slides 30%, Miners’ Earnings Hit

Following a peak in onchain fees, bitcoin miners experienced a significant decline in the hashprice, which fell from a daily rate of $114 per petahash on Sunday to a markedly…

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Crypto Assets Record 7-Day Upticks: NEAR Rises 33%, BONK Up by 32%

According to the most recent figures, the value of the cryptocurrency market has reached $2.43 trillion after a 2.62% increase in the last 24 hours. Bitcoin and ether have risen…

Continue ReadingCrypto Assets Record 7-Day Upticks: NEAR Rises 33%, BONK Up by 32%

Bitcoin Miner Rewards Shrink Below Pre-Halving Levels as Network Fees Fall Sharply

After experiencing a period of high fees, onchain transfer costs on the Bitcoin network have decreased significantly. On Friday, the fees peaked at $240 per transaction, but by now they…

Continue ReadingBitcoin Miner Rewards Shrink Below Pre-Halving Levels as Network Fees Fall Sharply

93 Blocks, $71 Million in Fees: Bitcoin Mining Revenue Booms Post-Halving

Since the halving, miners have successfully extracted 93 blocks, accumulating a significant 1,087.99 bitcoins valued at approximately $71.04 million solely from transaction fees. As of 2:00 p.m. EDT on Saturday,…

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Bitcoin Halving, Runes Proliferation Results in Historic Fee Increases, Crypto Community Reacts

Following the Bitcoin halving event, onchain fees climbed to over $240 per transaction just an hour later, and as of now, a high-priority transfer costs between $52 and $78 per…

Continue ReadingBitcoin Halving, Runes Proliferation Results in Historic Fee Increases, Crypto Community Reacts

Bitcoin Miners Smash Previous Revenue Records Post-Halving; Over $54M Collected in 60 Blocks

Since the halving, 63 blocks have been mined, and bitcoin miners have accumulated substantial fees following a dramatic increase in the fee rate. This surge took the cost per transaction…

Continue ReadingBitcoin Miners Smash Previous Revenue Records Post-Halving; Over $54M Collected in 60 Blocks