Tag: mining

Dec 05 2022

Riot Blockchain Announces Record High Hash Rate Capacity

Although hash rate capacity is at a record, mining conditions did lead to a relative underperformance in bitcoin received throughout the month.Riot Blockchain has released its unaudited production and operations updates for November 2022. According to the release, the company produced 521 BTC, a...

Riot Blockchain produces record 521 Bitcoin in November; plans to change mining pool

Dec 05 2022 Published at CryptoSlate under tags  mining tokens

Riot Blockchain Inc. (RIOT) has announced an increase in its Bitcoin (BTC) production for November, with unaudited reports revealing the production of 521 BTC. This represents an approximate increase of 12% compared to the company's November 2021 production of 466 BTC. Riot Produces Record 521...

Dec 01 2022

Bitcoin records the largest miner outflow to wallets in 2 years

Miners are still facing the worst of the crypto market’s turmoil, with profits down by 80% from top levels. In the wake of mounting capitulation pressure, the Poolin multi-asset mining platform recorded the single largest miner outflow from wallets in 2-years, involving 10,000 Bitcoins....

Nov 28 2022

New York Mayor Still Wants it to be a Crypto Hub

Reading Time: 2 minutes New York mayor Eric Adams still wants the city to be a crypto hub Adams’ plans have taken a hit...

Nov 26 2022

What You Need To Know About 51% Attack In Crypto

A 51% attack on a blockchain-based network is a specific sort of attack that enables a malicious actor or organization to control more than 50% of the network's total hashing power, possibly leading to network instability. In this post, we will further discuss what a 51% attack in crypto is, its consequences, blockchains affected by […] The post...

Bitcoin miners wipe out entire 2022 balances in capitulation

Nov 26 2022 Published at CryptoSlate under tags  analysis mining

Miner balances across wallets started the year at 1.82 million BTC and are now back to the same levels, according to on-chain data tracked by Glassnode. The amount of Bitcoin accumulated by Miners in 2022 has been surpassed by the volume sold, wiping out any increase in miner balances. The balance of the combined Bitcoin miner wallets soared dramatically in July 2022 to...

The Week in Crypto – Bitcoin mining, FTX and JPMorgan

Reading Time: < 1 minuteThis week in crypto we’ve seen a partial crypto mining ban in New York and a JPMorgan crypto wallet trademark, as well as the latest on the FTX fallout. Ready thrusters! No. 3 -...

Nov 24 2022

Bitcoin Miners Now Face Darkest Situation Since 2015 – Here’s Why

Bitcoin, considered the largest cryptocurrency in terms of market capitalization, will be exiting the month of November with trading prices that are significantly lower than what it had the same time last year. It can be recalled that in November 10, 2021, BTC was able to hit its milestone all-time high (ATH) of $69,044. Sadly, the crypto asset has already lost 76% of...

New York Governor Signs Bitcoin Mining Moratorium into Law

Reading Time: 2 minutes New York state governor Kathy Hochul has signed a moratorium on using fossil fuels to power Bitcoin mining operations in the region...

Nov 23 2022

Ravencoin spikes 20% following Binance Pool announcement

Nov 23 2022 Published at CryptoSlate under tags  mining ravencoin rvn

Ravencoin (RVN) spiked 20% following Binance Pool's announcement of mining services for the proof-of-work (PoW) coin. According to CryptoSlate data, RVN jumped to $0.024 from $0.021 within one...

Latest mining rigs amp up difficulty to zone out competition

Nov 23 2022 Published at CryptoSlate under tags  analysis bear market mining technology

Cyber security analyst, Matt C, highlighted the growing pressure of the latest mining rigs upon previous generations of miners as hashing costs reach $0.07/kwh. #Bitcoin mining profitability by @LuxorTechTeam...

Core Scientific might not make it past November 2023 after revealing $1.7B in losses

Nov 23 2022 Published at CryptoSlate under tags  core scientific mining

Core Scientific, one of the largest publicly traded Bitcoin miners, might not make it until the end of the year. In its quarterly report filed with the SEC, the company said "substantial doubt" exists about its ability to continue going if it fails to raise liquidity. "However, the ability to raise funds through financing and capital market transactions is subject to many risks...

BTC hash ribbon upcoming convergence signals miner capitulation

Nov 23 2022 Published at CryptoSlate under tags  analysis bear market macro mining

Bitcoin (BTC) hash ribbon indicators are often used to identify and catch BTC bottoms as the convergence of the BTC hash ribbon signals further miner capitulation as mining costs increase, and BTC price falls....

New York Law Cracks Down On Bitcoin Mining In A Shady Move

Nov 23 2022 Published at Bitcoinist.com under tags  bitcoin btc hochul mining ny

As expected, Governor Kathy Hochul has signed into law a moratorium on Bitcoin mining in New York. The law is the first of its kind and raises far-reaching questions. Specifically, Hochul signed a bill that bans new Bitcoin mining operations that use carbon-based energy sources. However, because the bill is narrowly drawn, the state's dozen or so...

Hashflare Owners Arrested Over $575 Million Fraud

Nov 23 2022 Published at FullyCrypto under tags  bitcoin bitcoin news mining scam

Reading Time: 2 minutes The operators of the cloud mining company Hashflare were arrested in Estonia over the weekend...

Bitcoin Miners Running Out of Time

Nov 23 2022 Published at FullyCrypto under tags  bear market bitcoin bitcoin news mining

Reading Time: 2 minutes Bitcoin mining companies are taking steps to mitigate their losses Iris Energy unplugged a...

Nov 22 2022

Bitcoin miners selling aggressively as crypto market continues to struggle

Nov 22 2022 Published at CryptoSlate under tags  bitcoin btc mining

Bitcoin (BTC) miners face increasing sell pressure as the flagship digital asset's value continues to struggle below the $16,000 mark. Capriole Fund founder Charles Edwards on Nov. 21 said miners were selling at the most aggressive rate in almost seven years, with a 400% increase in selling pressure over the last three weeks. He added that several Bitcoin miners could go...

Nov 21 2022

Bitcoin Cash to Become Legal Tender in St Kitts and Nevis

Reading Time: 2 minutes Bitcoin Cash will become legal tender in St Kitts and Nevis in 2023 The Roger Ver-led project will find a home in the place Ver has called home since 2014 The county will also engage in Bitcoin Cash mining, which is not in line with its...

Nov 19 2022

6 Things Mining Rigs Do Apart From Mining Crypto

Nov 19 2022 Published at Coinscreed under tags  crypto crypto guide gpus mining mining rigs

The process of mining crypto entails the finding of new blocks on a blockchain network. Devices designed exclusively for mining cryptos are known as mining rigs. Let's examine in further detail what these devices do besides mining cryptocurrencies. What Is Crypto Mining? The process of validating transactions and adding new blocks to a blockchain is […] The post...

BTC difficulty to adjust over weekend as miners capitulate

Nov 19 2022 Published at CryptoSlate under tags  bear market mining research

Bitcoin's mining difficulty is expected to adjust Sunday night/Monday morning (Nov. 20/21.) Currently, over 100% of the mined Bitcoin supply is being spent at the fifth most significant rate ever. Following back-to-back difficulty negative or neutral adjustments, it is possible that Bitcoin hash rate and difficulty may have topped. However, the difficulty is expected to...

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