Auto Added by WPeMatico

Bitcoin Miners’ June Revenue Dips Slightly Below May

The revenue generated by bitcoin miners slightly declined in June, totaling $963.67 million, down from May’s $964.24 million. Additionally, the hashprice, or the expected value of one petahash per second…

Continue ReadingBitcoin Miners’ June Revenue Dips Slightly Below May

Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall

With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice,…

Continue ReadingBitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall

Cleanspark Acquires 5 Bitcoin Mining Facilities in Georgia for $25.8 Million

Cleanspark Inc. has announced the acquisition of five new bitcoin mining facilities in Georgia for $25.8 million. The deal is expected to close immediately, increasing the company’s operating hashrate to…

Continue ReadingCleanspark Acquires 5 Bitcoin Mining Facilities in Georgia for $25.8 Million

Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures

In the last three days, bitcoin miners have experienced an 8.4% drop in profits, echoing a decrease in bitcoin prices. Since then, the network’s hashrate has fallen below the 600…

Continue ReadingBitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures

3 Bitcoin Mining Pools Wield 69% of Total Hashrate Discovering 301 Blocks in 72 Hours

Figures reveal that over the preceding 72 hours, three bitcoin mining pools discovered more than 69% of the 436 blocks found during that period. Foundry USA and Antpool, two industry…

Continue Reading3 Bitcoin Mining Pools Wield 69% of Total Hashrate Discovering 301 Blocks in 72 Hours

Bitcoin Miners See 46.15% Revenue Drop in May, Lowest Since October 2023

After two consecutive months of record-breaking revenue, bitcoin miners experienced a significant downturn in earnings in May, a level not seen since October 2023. In April, miners generated $1.79 billion,…

Continue ReadingBitcoin Miners See 46.15% Revenue Drop in May, Lowest Since October 2023

May Shatters Bitcoin Transaction Records, Highlighting a Year of Unparalleled Achievements

According to recent data, May has set new records for milestones within the Bitcoin network. Following the record-breaking number of transactions confirmed on April 23, four of the top five…

Continue ReadingMay Shatters Bitcoin Transaction Records, Highlighting a Year of Unparalleled Achievements

Bitcoin Hashrate Hits Record High, Surpasses Pre-Halving Levels

Bitcoin’s hashrate has rebounded to the historic highs seen just before the fourth reward halving event. According to the seven-day simple moving average, the network’s hashrate reached a record 657…

Continue ReadingBitcoin Hashrate Hits Record High, Surpasses Pre-Halving Levels

Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704

Bitcoin’s mining difficulty increased by 1.48% at block height 844,704, reaching 84.38 trillion. This adjustment aligns with Bitcoin’s overall hashrate exceeding the 600 exahash per second (EH/s) mark. Bitcoin Network…

Continue ReadingBitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704