Tag: Miners

[ad_1] Bitcoin has continued with its bullishness as it surged its price above the USD$23,000 level, a positive signal amid miners reduced the sales of their mined coins. On-chain flows flagged by Bitifinex analysts indicate that the amount of Bitcoin moved from Bitcoin mining addresses to wallets owned by...

[ad_1] Bitcoin (BTC), the oldest and largest cryptocurrency, closed last year with a loss of more than 60%. The mining industry also suffered from BTC’s sharp price declines, with revenues falling 37.5% in 2022 to $9.55 billion. According to Glassnode data, mining revenues stood at $15.3 billion in 2021....

[ad_1] Bitcoin is still stuck in a tight range as market sentiment declines from optimistic to bearish and market participants brace for a possible impact. The cryptocurrency was thriving on the possibility of a positive change in the macroeconomic landscape. Did bulls rush into a trap? As of this...

[ad_1] Many crypto investors are still skeptical about the profitability of Bitcoin mining. This is not surprising considering the growing rate of energy prices in recent times. Moreover, the Bitcoin miners’ revenue has been on a downtrend since November 2020. Current Bitcoin Miners’ Revenue Meanwhile, BTC miners are experiencing...

[ad_1] Data shows the Bitcoin miner reserves have continued to trend downwards recently, suggesting that miners have been dumping their coins. Bitcoin Miners Have Been Withdrawing From Their Wallets In Recent Days As pointed out by an analyst in a CryptoQuant post, BTC miner reserves have been observing negative...

[ad_1] Miners of both Bitcoin and Ethereum are still thriving regardless of the crypto winter. The revenue generated by Ethereum miners surpasses that of Bitcoin miners, according to the 2022 record. The growth of the miners is quite surprising given the increase in the cost of electricity. But all...

[ad_1] On-chain data shows Bitcoin miners have deposited large amounts to derivatives exchanges recently, a sign that these network validators may be hedging against potential future falls. Bitcoin Miners Have Been Transferring To Derivatives Exchanges Recently As pointed out by an analyst in a CryptoQuant post, around 4.3k BTC...

[ad_1] Titan.io, Inc. (‘Titan’), a cutting-edge blockchain software company based in Chicago, announced the launch of the Lumerin Protocol, the world’s first P2P decentralized hashpower commodity marketplace, which enables a next-generation version for Bitcoin mining, today. Q4 2021 volumes have gone up or down and how much? For a...

[ad_1] Valkyrie Funds announced the launch of the Valkyrie    Bitcoin  Bitcoin Bitcoin is the world’s first digital currency that was created in 2009 by a mysterious entity named Satoshi Nakamoto. As a digital currency or cryptocurrency, Bitcoin operates without a central bank or single administrator. Instead, Bitcoin can...