Some cryptocurrencies are easier and less expensive to mine than others. The birth of cryptocurrencies also introduced the concept of mining, thanks to the PoW (Proof of Work) consensus protocol, so-called because proof must be provided that a problem has been solved and a certain amount of energy has been consumed to achieve that result.
Riot Blockchain (RIOT) is by far one of the largest publicly traded Bitcoin miners in the world. Bitcoin miner Riot: market-driven devaluation It has a market capitalization of over $1.2 billion, but it has depreciated greatly over the course of 2022. Not only was it negatively affected by the collapse in the value of BTC
This week the bitcoin mining company Genesis Digital Assets announced that the firm has secured 708 megawatts (MW) in capacity and revealed plans to create 130 full-time jobs in the United States. The chief operating officer at Genesis, Andrey Kim, said the firm has been pleased with “the pace” of the bitcoin mining company’s U.S.
It was quite the day when I woke up to find that a publicly traded company called MicroStrategy had turned $425 million dollars of cash reserves into bitcoin. To be honest, this came out of left field. I had a feeling this would happen someday, I just didn’t think it would be so soon. Just
The Supply Last Active metric looks at the amount of inactive Bitcoin over a given time period. Analysts infer that the more inactivity exists, the more BTC is being hodled, thus reducing sell pressure and acting as a tailwind for bullish price action.CryptoSlate’s analysis of Glassnode data showed the percentage of supply held for less than
Crypto literacy is financial literacy. This is because cryptocurrency is also money. It’s important to know a thing or two about how money works so you can properly work the system, and generate wealth for yourself. Using just a couple of simple financially literacy concepts, you can really level up your money skills. In episode
Despite the prolonged bear market, the global Bitcoin mining hashrate continues to grow. Indeed, according to CoinWarz data, a new hourly high was reached on Monday, 31 October, at more than 304 Eh/s. However, the absolute daily high was not touched, since the one from 11 October at 294 Eh/s remains. It is worth mentioning
One of the main problems facing mining farms is that of heat generation. Indeed, the machines that extract the hashes work continuously at maximum power, and they do effectively turn all the enormous amount of electricity they consume into heat. For this reason, farms are often placed in cold places, where there is sufficient outside
While the hashrate of bitcoin continues to grow, crushing record after record, as the all-time high has been repeatedly exceeded, the other altcoins suffer also on the mining front. One of them is certainly ethereum, which compared to a year ago shows a hashrate drop of 42%. Analysing Etherscan data, it is possible to notice
Out of all the crypto derivative products, perpetual futures have emerged as a preferred instrument for market speculation. Bitcoin traders use the instrument en masse for risk hedging and capturing funding rate premiums.Perpetual futures, or perpetual swaps as they’re sometimes referred to, are futures contracts with no expiration date. Those holding perpetual contracts are able
