Tag: bitcoin miners

Dec 03 2022

Bitcoin Price Prediction: Will BTC Price Hit $18K In Next Few Days?

Despite Bitcoin price continues to move above the $17,000 level,...

Dec 01 2022

Over 10K Bitcoin (BTC) Moved To Crypto Exchange, Are Miners Selling?

Bitcoin price rallied after Fed Chair Jerome Powell hinted at slower rate hikes in December and upcoming sessions. The BTC price hit a high of $17,194 with an over 200% jump in trading volume. On-chain data indicates that miners facing financial issues are indeed selling their Bitcoin holdings, with Bitcoin hashrate decreasing continuously due to The post Over 10K Bitcoin (BTC) Moved To...

Nov 29 2022

On-chain Data: Bitcoin Miner Capitulation Begins, More Pain Ahead for BTC?

Amid the collapse of crypto exchange FTX, there's massive selling pressure seen for Bitcoin (BTC) and the broader crypto market. The Bitcoin price has corrected more than 21% this month as it turns out to be the worst November for Bitcoin so far. Bitcoin miners have suffered the maximum during this massive price correction. On-chain The post On-chain Data: Bitcoin Miner Capitulation Begins,...

Nov 25 2022

Bitcoin Hashrate Declines As Mining Difficulty Stays At ATH Levels

Data shows the Bitcoin mining hashrate has been on a decline recently as the difficulty is currently at all-time high levels. Bitcoin Mining Hashrate Is Down Almost 7% From The Recent High The "mining hashrate" is an indicator that measures the total amount of computing power currently connected to the Bitcoin network. When the value of this metric...

Nov 22 2022

Bitcoin Bloodbath: Miners Start Selling Most Aggressively In The Last 7 Years

The recent crash in the price of bitcoin has distressed bitcoin miners. They are compelled to sell in order to cover their expenses. In the past three weeks,...

Nov 18 2022

Bitcoin Miner Hash Price Declines To New All-time Low

Data shows that the Bitcoin miner hash price has now declined to $58.3k per Exahash per day, a new all-time low for the metric. Bitcoin Miner Hash Price Has Continued To Trend Down Recently As per data from the on-chain market intelligence firm Glassnode, miners have remained under extreme pressure in this drawdown. The "miner hash price" is an...

Bitcoin Miner Hash Price Drops to New All-Time Low; Will It Impact BTC Price?

The global digital asset market is dealing with the after effects of the...

Nov 16 2022

Crisis For Already Struggling Bitcoin Miners: Revenues Plunge 15% In 7 Days

Data shows the already struggling Bitcoin miners have received another blow this week as their revenues have plunged by 15%. Bitcoin Daily Miner Revenues Sharply Declined Following Price Crash As per data from the latest weekly Arcane Research report, the daily mining incomes have dropped to just $16.3 million now. The "...

Nov 15 2022

Bitcoin Miners Dumped Almost 10% Of Their Reserves In Past Week

Data shows Bitcoin miners have dumped around 7.7k BTC in the last week, resulting in an almost 10% decrease of their reserves in the period. Bitcoin Miners Withdraw Large Amounts Following The Crash As per the latest weekly report from Glassnode, the latest decline in the miner reserves is the sharpest since the September of 2018. The "...

Oct 25 2022

Storm Brews For Bitcoin Miners As Cost Of Mining 1 BTC Surges To $19.3k

Data shows the cost of mining Bitcoin has now surged up to $19.3k, something that could spell doom for the miners. Bitcoin Difficulty Regression Model Shows Cost Of Production Now $19.3k As per the latest weekly report from Glassnode, the cost of BTC production has gone up recently due to the hashrate and difficulty setting new all-time highs. The "difficulty regression...

Bitcoin (BTC) Miners’ Rewards Shrinking Fast, Is Another Sell-Off Coming?

The world's largest cryptocurrency Bitcoin (BTC) has been trading in a pretty tight range recently close to $19,200 level. On one hand, the Bitcoin hashrate continues to grow fast, which means that Bitcoin miners have to put more computational power to add new blocks to the Bitcoin blockchain. As energy... Read more

Oct 24 2022

Bitcoin Puell Multiple Continues Uptrend, Here’s What History Says Might Happen Next

On-chain data shows the Bitcoin Puell Multiple has been going up recently after having formed a possible bottom. Here's what history says could happen next for the crypto's price. Bitcoin Puell Multiple 100MA Has Bounced Off A Potential Cycle Bottom As pointed out by an analyst in a CryptoQuant post, BTC miners seem...

Oct 18 2022

What Is Fueling The Dramatic Rise In Bitcoin Hashrate?

Never mind the price, bitcoin’s hashrate keeps growing and growing. What does the phenomenon mean and why is it happening? Do miners know something we don’t? Or is something else going on behind the scenes? Those are the questions of the day in bitcoin and crypto circles. Our friends at Arcane Research recently took a crack at them in their The Weekly Update...

Oct 14 2022

Binance Launches $500 Million Fund To Support Bitcoin Mining Industry

The Bitcoin mining industry has grown tremendously in the last few years. With multiple bull markets so far, there has been a large profit margin for those who have gone down this route, with companies making hundreds of millions of dollars off their operations. The bear market has had a profound impact on the bitcoin mining industry but it has not scared off...

Oct 10 2022

Bitcoin Mining Difficulty Hits New ATH Jumping Over 13.5%

Data shows the Bitcoin mining difficulty has set a new all-time high after observing a 13.5% jump during the latest adjustment. Bitcoin Mining Difficulty Sees Highest Single Increase Since May 2021 According to data from BTC.com, the BTC mining difficulty now has a value of 35.61T after the adjustment today, marking a new ATH. An indicator that's relevant to the mining difficulty...

Oct 08 2022

Public Bitcoin Miners Plan To Grow Hashrate 50% By End Of 2022

Data shows the public Bitcoin mining companies have plans to expand their hashrate by around 50% by the end of the year, Public Bitcoin Miners To Add 27 EH/s To Their Hashrate In Remaining Part Of 2022 As per a post from Arcane Research, the combined hashrate of these miners will reach around 80.7 EH/s by the end of 2022, if expansions...

Oct 07 2022

Bitcoin Difficulty Adjustment Forecast Puts Miners At A Disadvantage

The bitcoin mining difficulty had dropped over the month of September, which led to a large increase in the bitcoin hashrate. It had hit a new all-time high and saw a high block production per hour. Now, miners are beginning to bring their new, more efficient mining machines only. This has led to forecasts that the mining difficulty is about to see a...

Oct 05 2022

Why Bitcoin Miner Revenues Are The Biggest Bear Market Loser

Data shows the Bitcoin miner revenues have plunged down by around 81% since the October peak, here's why. Bitcoin Miner Revenues Have Lost Big During Bear Market According to the latest weekly report from Arcane Research, the BTC miners' hashprice is now just down to $0.077 per TH/s. The relevant indicator here is the "...

Long Live Bitcoin: BTC Hashrate Records New All-Time Highs

Bitcoin lost almost 71% of its all-time high price of $69,044 hit in November last year, and trading at $20,100 as of this writing, according to data from CoinGecko. Here's a quick glance at Bitcoin's hashrate: BTC hashrate’s new all-time high is 158 exahash per second...

Oct 04 2022

Bitcoin Miner Selling Eased By 50% Over Past Month

Data shows Bitcoin miners have eased up their dumping over the past month, now selling only at a 50% rate compared to in early September. Bitcoin Miner Net Position Change Now Has A Value Of 4.4k BTC Per Month As per the latest weekly report from Glassnode, the BTC miners were selling at a rate of 9k BTC per month at the...

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