Bitcoin (BTC) holders had it tough in 2022, but it was an even tougher year for BTC mining — mining stocks fell over 80%, and mining company bankruptcies solidified the bear market — but the worst of miner capitulation could be over, according to CryptoSlate analysis.With BTC price down 75% from its all-time high (ATH)
Total revenues from Bitcoin’s mining have returned to levels prior to the May halving. This has been revealed by Glassnode, which shows that in November total revenues returned to over $15 million a day, with peaks of 20. #Bitcoin miner revenue is back at pre-halving levels. Chart: https://t.co/Ao9DodRwqi pic.twitter.com/PwUHPaKz8L — glassnode (@glassnode) November 18, 2020
According to a recent estimate by the Bitcoin Mining Council, 56% of Bitcoin mining is now powered by sustainable energy. In fact, a few days ago the results of a survey carried out by the Bitcoin Mining Council (BMC) were released, showing that 67% of respondents said they currently use electricity with a sustainable energy
A few days ago in China, more precisely in Chengdu, a province of Sichuan, was held an important event organized by the mining pool Poolin dedicated to the mining of cryptocurrencies which was attended by various personalities in the industry, including several manufacturers. Among them could not miss Canaan, which during the event announced the
After nearly two weeks of deliberation, Iran has finally decided that it does want to stick with crypto mining as an official industry in the country. On July 22nd, the Iranian Chamber of Commerce, Mines and Agriculture came out with a decision that the rampant crypto mining operations in the region must not be restrained
Kenya’s energy company, KenGen, has appealed to Bitcoin (BTC) miners to relocate mining operations to the country and take advantage of its excess renewable energy capacity. Kenya tries to attract Bitcoin miners Thanks to its renewable energy sources, Kenya wants to attract the attention of Bitcoin miners Kenya’s largest energy operator, KenGen, has announced plans
Gradually, alongside the cryptocurrency industry, stablecoins are growing in strength and popularity. Their growth results from the stability they offer against cryptocurrency volatility.At the moment, USDT remains the largest stablecoin by market cap, as USDC, Binance USD, and DAI make up the top 4. Prominent stablecoins after FTX collapseThe entirety of the stablecoin sector has a
With what is happening in New York State, US, where they are about to ban Proof-of-Work (PoW) based Bitcoin mining, how likely is it that something similar could happen in Europe? Does Bitcoin in Europe have the same fate as in the US? The MiCA has already blocked the Bitcoin mining ban in Europe, but
Bitmain’s board of directors has removed Micree Zhan from all corporate roles. This is what can be read in a tweet from Blockstream’s CSO, Samson Mow, who shares two images in Chinese that would confirm what happened. In fact, the removal would have happened as early as last year, on October 28th, 2019, and now
How is it possible to mine Dogecoin? Dogecoin is a minable cryptocurrency, based on Proof-of-Work, but does not use the same algorithm as Bitcoin. In fact, similar to Litecoin, it uses scrypt, which is a mining algorithm that requires different equipment and software, which allows Dogecoin miners to mine LTC as well. On average, a
