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Financial Squeeze Tightens for Bitcoin Miners as Earnings Continue to Fall

On Friday, Bitcoin’s hashprice was $56.95 per petahash per second (PH/s), but by Sunday, it had dropped to $51.66 per petahash. Over the last 100 blocks, bitcoin miners averaged about…

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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…

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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…

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Despite Runes’ Transaction Dominance, Bitcoin Miners See Continued Revenue Drop

According to recent data, transactions linked to the Runes protocol have been notably high in block utilization since its implementation on April 19. Figures from April 23 show that transactions…

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Bitcoin’s First Post-Halving Adjustment Raises Mining Difficulty to Record High

Bitcoin recently completed its first difficulty adjustment following the fourth halving, recording a 1.99% increase and pushing the mining difficulty to a record high. The network’s difficulty level rose from…

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Jack Dorsey’s Block Targets Chip Advancement With 3nm Bitcoin ASIC Mining Rig

On Tuesday, Jack Dorsey, the founder of Block, took to X to announce that the company is “building a mining rig.” Dorsey also shared a blog post authored by Block’s…

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Paypal Promotes Low-Carbon Bitcoin Mining With New Research Paper

Paypal, in collaboration with Energy Web and DMG Blockchain Solutions Inc., has introduced an approach to promote environmentally sustainable practices in bitcoin mining. This research-backed initiative encourages miners to utilize…

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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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Chinese Embassy Advises Citizens in Angola to Avoid Crypto Mining

The Chinese Embassy in Angola has cautioned its citizens residing in the African nation to refrain from mining cryptocurrencies, as this activity is now considered a criminal offense. The embassy…

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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