Tag: miners

Sep 06 2021

Bitcoin Miners are Taking Profits, Where is the Money Going?

Bitcoin miners are notably taking profits off the table, a trend that has been highlighted by crypto markets analytics platform, Glassnode. The Glassnode data shows that events that are crucial on-chain trends can also be well linked to real-life demands. The Bitcoin mining ecosystem took a massive plunge back in the second quarter following the The post Bitcoin Miners are Taking Profits, Where...

Aug 21 2021

How Bitcoin Mining Has Evolved To Take Us To The Moon

Aug 21 2021 Published at Bitcoin Magazine under tags  asic culture miners mining

The industry is poised for immense growth as Bitcoin adoption begins to pick up speed.Bitcoin hasn't even gotten to its teenage years yet. When Satoshi published his white paper in October 2008 detailing the creation of a new monetary system, no one knew that in less than 13 years bitcoin would rise to a market cap of $850 billion. It would...

Jul 21 2021

Analysts Claim Chinese Crypto Miners Could Relocate in the U.S. and Canada

Jul 21 2021 Published at UseTheBitcoin under tags  chinese miners crypto news miners

Chinese crypto miners that shut their operations down a few weeks ago could relocate in other countries such as the United States and Canada. This is according to […]

Jul 01 2021

Blockware Mining Closes $25M Investment Round, Plans To Triple Hash Rate From Kentucky Facility

Jul 01 2021 Published at Bitcoinist.com under tags  bitcoin blockware btc crypto miners miners

Blockware announced on Thursday that a second oversubscribed fundraising round had raised $25 million. Blockware Raise Money In Oversubscribed Round North American bitcoin mining company Blockware Mining today announced that it has raised over $25 million in...

Jun 29 2021

Bitcoin Miners Increase Selling Pressure

The world’s largest cryptocurrency also saw a dip in institutional demand.

May 25 2021

Bitcoin Surges Close To $40,000 After Elon Musk’s Meeting With Miners

May 25 2021 Published at Bitcoinist.com under tags  bitcoin btc elon musk eth miners

On Monday evening, May 24, Bitcoin price jumped another 5% making a move above $38,000 after Elon Musk announced that he is currently in talks with North American Bitcoin miners. Meeting Focused On Sustainable Cryptocurrency Mining Initiatives Bitcoin is once again...

May 06 2021

May 03 2021

Everything You Need To Know About Taproot Signaling By Bitcoin Miners

May 03 2021 Published at Bitcoin Magazine under tags  business miners softfork taproot

Signaling support for Taproot activation is easier than it may appear, as bitcoin mining company Braiins demonstrates.Mining Pools Signalling For TaprootThe latest Bitcoin network difficulty...

Apr 28 2021

An Ode And Forthcoming Obituary To Bitcoin’s Four-Year Cycle

A reflection on Bitcoin’s four-year market cycle—and how a healthy block space market will eventually kill it for its own good.Dilution-proof, April 28, 2021On January 3, 2009, Satoshi Nakamoto launched the Bitcoin network by mining the first block (the “genesis block”) in the Bitcoin blockchain. Today, a bit more than 12 years later, the network stores over $1 trillion in value...

Apr 04 2021

On-chain Data Suggests No More Selling By Bitcoin Miners

The ongoing bull run in the global cryptocurrency market has re-emphasized the hidden potentials of several digital assets including Bitcoin (BTC) and as such, miners are not...

Mar 12 2021

A $69 Million NFT

PLUS: Could EIP 1559 Cause a Fork? NFTs continued to catch the crypto industry’s imagination this week, as headlined by Beeple’s “Everydays” sale at Christie’s Auction House in New York. The cliche goes that a picture is worth a thousand words, although, with the latest sale of the “Everydays” NFT, we may have to readjust our math now that we know 5,000 images...

Mar 06 2021

Ethereum Fee change – All you Need to know about EIP 1559

Mar 06 2021 Published at CryptoTicker under tags  blockchain crypto eip 1559 eip1559 ethereum

The fees used on the Ethereum blockchain are about to witness a technical and financial overhaul. This change comes with the famous EIP 1559 resource. But what is EIP 1559?...

Jan 26 2021

Bitcoin Is Going to Replace Fiat Currency | Here’s How It Will Be Possible

For quite a long time period it was a common practice among some investors considered to invest some of their holdings in gold or other valuable commodities. It is right to some extent as gold is a good option to save your portfolios from inflation and stock market drops. And what is an interesting thing to notice is that the same idea is...

Jan 18 2021

PrimeXBT Lead Analyst Kim Chua: The Cause of BTC Supply Crisis and Why It Will Get Worse

The year 2020 saw a major shift in the composition of BTC buyers, with institutions and large corporates with plenty of money to deploy the main buyers of BTC. This phenomenon became even more widespread after Grayscale Bitcoin Trust started acquiring Bitcoin more aggressively in the early part of last year, as well as the […] The post...

PrimeXBT Lead Analyst Kim Chua: The Cause of BTC Supply Crisis and Why It Will Get Worse

The year 2020 saw a major shift in the composition of BTC buyers, with institutions and large corporates with plenty of money to deploy the main buyers of BTC. This phenomenon became even more widespread after Grayscale Bitcoin Trust started acquiring Bitcoin more aggressively in the early part of last year, as well as the well-telegraphed purchases made by MicroStrategy. On...

Jan 11 2021

Bitcoin Plummets as Miners Sell Inventory, Spot Markets Panic

Jan 11 2021 Published at CoinDesk under tags  bitcoin markets miners news

Bitcoin fell sharply early on Monday, having failed to establish a foothold above $40,000 over the weekend.

Dec 31 2020

Bitcoin Mining Machine Maker Ebang to Launch Crypto Exchange in 2021; Shares Rise

Bitcoin mining equipment maker Ebang announced Thursday it is preparing to officially launch a cryptocurrency exchange in the first quarter of 2021.

Dec 28 2020

Marathon Patent Agrees to Buy 70K ASIC Miners From Bitmain for $170M

The announcement comes after a holiday weekend in which the price of bitcoin hit a succession of new all-time highs.

Dec 16 2020

What Is Proof-of-Work?

Dec 16 2020 Published at CoinDesk under tags  bitcoin cryptocurrency ethereum explainers learn

Proof-of-work is the blockchain-based algorithm that secures many cryptocurrencies, including Bitcoin and Ethereum.

Dec 01 2020

Bitcoin Reaches New All-Time Highs Amid Soft Mining Ban in China

Bitcoin (BTC) was able to reach a new all-time high after it surpassed $19,8’00 in some exchanges. This is one of the moments Bitcoin holders were waiting since […]

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