BITPRISMIA
Data presented by the Hashrate Index indicates that the 5.62% drop in Bitcoin mining difficulty is the biggest since May. However, the data revealed that mining difficulty had risen since Jan 2024 (70.34T), with the largest spike experienced in February.
Despite the hash price crash, most Bitcoin mining machines remain profitable for the time being.
In Hashrate Index’s latest report, the team covers Q1-2024 data for the Bitcoin mining industry and examines the immediate impact of the Fourth Bitcoin Halving on hashprice, hashrate, transaction fees, and other data points.
If Marathon reaches its 50 EH/s target, it would mark more than a 100% increase in the firm’s hash rate since the start of 2024.
August has proved to be a challenging month for bitcoin miners, facing two difficulty spikes and witnessing the currency’s value plummet over 10% in the past 30 days. This decline in value has pulled the network’s hash price to levels reminiscent of late 2022. At present, miners receive roughly $60 ...
In recent years, bitcoin miners have learned to reuse the heat generated by application-specific integrated circuit (ASIC) mining rigs. Recently, a Twitter account named “Rev.Hodl” demonstrated how a bitcoin miner was employed to dry laundry. While the clothes dryer serves to dry clean laundry, the ...
A recent report reveals that Druk Holding & Investments (DHI), the business division of Bhutan’s Royal Government, is exploring crypto initiatives to enhance its portfolio expansion. DHI recently teamed up with Singapore-based crypto company Bitdeer to “jointly develop green digital asset mining ope...