Available data from Glassnode shows that around 75% of wallets holding Bitcoin (BTC) are in profit despite the value of the flagship asset falling a long way from its ATH to below the $40k mark recently. Bitcoin wallets are in profit According to the report, there are currently more wallets in profit when compared to…
Miners are at the core of the Bitcoin network, providing security to the whole ecosystem of users, businesses, and hodlers. Bitcoin (BTC) mining companies aim to serve as bitcoin investment vehicles, helping to give investors bitcoin exposure without holding the asset directly. To read the rest of this article, sign in or join CryptoSlate Edge….
Digital Finance Group (DFG), a global blockchain and crypto investment firm, has announced a $250,000 private investment in Titan Mining. The strategic partnership with the next generation Bitcoin mining pool will enable DFG to service the growing crypto mining industry, the company told CryptoSlate. DFG and Titan to provide highly-efficient, highly-decentralized mining As part of…
Kryptovault, a Norwegian data center provider and operator, is also the largest Bitcoin miner in the country. The company’s 54,000 square feet farm, located some 40 miles west of Oslo, has put itself at the forefront of the battle for Bitcoin and is pushing back at the prevailing narrative about the unsustainability of mining. The…
One Ethereum miner could be the luckiest in the space, as he single-handedly mined an entire ETH block and earned himself a cool reward of 168 ETH worth roughly $500,000. Solo miners get lucky with Ethereum and Bitcoin Rewards The said miner was operating through the 2miners: Ether SOLO pool on January 17th. Per available…
China’s crackdown on Proof-of-Work mining last year tested the security of the Bitcoin network and showed that it was far more resilient than once thought. Analysts expected that it would take more than a year for Bitcoin’s hash rate to recover, but the network managed to rebound in less than a month. The mining ban…
At the peak of China’s crackdown on Bitcoin miners and trading activities within its jurisdiction last year, the Bitcoin mining hashrate declined to an all-time low of 58.4 million terahashes per second as many miners were taken out of business due to the strict anti-crypto policy. Bitcoin hashrate reaches new ATH However, a new Glassnode…
Earlier in the year when China renewed its hostilities towards the crypto industry, one metric that saw a negative effect of the crackdown was the Bitcoin mining hashrate that plummeted by more than 50% during this period largely because crypto miners were being pushed out of the Asian country. Bitcoin mining hashrate recovers from China…
Despite China’s hostility towards the Bitcoin mining space earlier in the year, the hashrate of the digital asset has increased a great deal within the last 3 months by over 30%. Bitcoin hashrate is getting stronger In July, Bitcoin’s hashrate was as low as 103 exahash per second (EH/s), but as of press time, it…