Tag Archives: Miners

Venezuela Seizes 315 Bitcoin Mining Rigs: Miners Talk about Unlawful Confiscation, Police Extortion

The Venezuelan navy has seized 315 Bitmain Antminer S9 bitcoin mining rigs it claims aren’t correctly registered to function within the nation. Though cryptocurrency mining is authorized in Venezuela, miners say they’ve been unfairly handled, citing unlawful seizures of mining gear and police extortion. Venezuela Seizes Bitcoin Mining Gear The Bolivarian Nationwide Guard of Venezuela… Read More »

Bitcoin Miners Noticed 23% Income Drop in June

Bitcoin miners suffered a 23% drop in income throughout June, ensuing from decrease community charges and a diminished block subsidy after the halving in Might.  Down from $366 million in Might, bitcoin miners generated an estimated $281 million in income in June, a three-month low in accordance with Coin Metrics knowledge analyzed by CoinDesk. Estimates… Read More »

US Contract Miner Core Scientific Buys 17,600 Bitcoin Miners From Bitmain

U.S. contract mining agency Core Scientific has agreed on a deal to purchase 17,600 mining rigs from Chinese language bitcoin {hardware} maker Bitmain Applied sciences Inc. The corporate is shopping for Bitmain’s next-generation bitcoin (BTC) miner, the Antminer S19, it mentioned in a statement on June 29. The miners shall be absolutely put in at… Read More »

Bitcoin Worth Dump: Miners Begin Promoting 9,000 BTC, Presumably Opening Bear Cycle

Bitcoin miners on Tuesday transfered practically 3,000 bitcoin, price round $28 million, instantly into change wallets. A number of thousand others had been doubtless moved by way of over-the-counter (OTC) offers. Direct change transfers signify the biggest movement of bitcoin (BTC) from miners to such platforms in over a 12 months, in line with Glassnode… Read More »

BTC/USD retains dropping as mining problem surges drastically. Alarm bells ringing for miners?

BTC/USD bears have remained in management for 3 consecutive days. The mining problem of Bitcoin has elevated by about 15%, adjusting to 15.78 trillion. The change occurred at block peak 635,040. Bitcoin’s problem, a metric that measures the diploma of problem of mining new blocks within the community, has made probably the most vital leap in… Read More »

Bitcoin miners made $366.four million in income throughout Could, regardless of halving

Bitcoin miners the world over generated an estimated $366.four million in income throughout Could, regardless of the halving, which lowered mining rewards per block from 12.5 BTC to six.25 BTC. The May revenue is simply 11% down from April revenue of $412.5 million, as famous by The Block’s Larry Cermak in his Could by-the-numbers report.… Read More »

Prime Crypto Analyst Flips Bullish on Bitcoin, Says Miners No Longer Promoting Their BTC

Prime crypto influencer and Bitcoin maximalist Tuur Demeester, citing knowledge from the crypto analytics agency Glassnode, says Bitcoin miners are nearly achieved promoting their BTC. Wholesome bitcoin miners are hodling, and struggling miners have little BTC left to promote. Bullish. https://t.co/MFjaILwLlL — Tuur Demeester (@TuurDemeester) June 5, 2020 Glassnode’s Miner Outflow A number of metric… Read More »

Bitcoin Miners Are Dumping BTC At a Sooner Fee Submit Halving, However Why?

Bitcoin’s halving is sort of a full month behind us, but no new uptrend or post-halving selloff has occurred. Oddly, Bitcoin worth has traded comparatively sideways since. One metric that has modified for the reason that halving, nevertheless, is the quantity of BTC miners are dumping into the market. However why, and when will they… Read More »

Chinese language Authorities Crackdowns and Low cost Hydropower- Miners Migrate from North to South China

China-based bitcoin miners have began emigrate southbound from North China, in keeping with native stories. The operators are having difficulties and are transitioning mining services for affordable hydro-powered electrical energy. Testimonials additionally present that 64 mining operations within the prefecture in Yunnan have been threatened by native authorities. Sources say a hydropower station discharge sparked… Read More »