Bitcoin Blockchain and Cryptocurrency News Center
Miners are back in accumulation mode, with 5,000 BTC added to Bitcoin’s unspent supply since the start of February, the Cointelegraph writes. Bitcoin miners are stashing away their coins for higher prices, with direct transfers from miners to exchanges plummeting nearly 40% since mid-March. Data from on-chain analytics provider Glassnode shows that miners’ BTC balances have […]
Nasdaq-listed cryptocurrency mining machine maker Canaan Creative (CAN) has rocketed 27% Tuesday morning as bitcoin hit a new all-time high, the CoinDesk reported. Canaan is currently trading at $16.55, up from its Friday close of $13.04, according to TradingView. The company has gained nearly 250% month-to-date outpacing the rise in the cryptocurrency its machines mine. […]
Interest in Bitcoin “double-spending” grew after recent news that the Bitcoin network processed the same bitcoin (BTC) in two transactions – the very “double-spending” scenario Bitcoin was specifically designed to prevent. Except the double-spend didn’t happen, at least not in the traditional sense. “The bitcoin ‘double-spend’ media headline has certainly spooked investors, but it’s a misunderstanding of […]
Bitcoin mining revenue has topped $20 million per day, its highest level this year, the Cointelegraph writes. Key on-chain metrics such as Bitcoin (BTC) mining revenues have returned to pre-halving levels, according to recent research. Data from analytics provider Glassnode suggests that revenue from Bitcoin mining is now back at the same levels it was […]
At what point will greening crypto energy consumption be enough? En+ Group, the world’s top producer of low-carbon aluminum and the largest private-sector generator of hydropower, has entered its first crypto mining joint venture. The new venture, called Bit+, will focus on creating facilities that support crypto mining with a low carbon footprint. En+ Group’s […]
Mining with home rigs is back, so here’s what those interested need to know to put together their own rig at home. In a time of global crisis, a pandemic, and a generally unstable political and social environment, cryptocurrencies have shown remarkable stability. Moreover, the pandemic-induced economic downturn played into the hands of the industry […]
The Ethereum hash rate broke the 250 TH/s barrier for the first time since Aug. 2018, the Cointelegraph announced. The amount of computing power on the Ethereum network is currently at an all time high following weeks of volatility in key metrics on the blockchain. According to data from on-chain analytics provider Glassnode, the Ethereum […]
Bitcoin miners generated an estimated $328 million in revenue in September, down 11% from August, according to Coin Metrics data analyzed by CoinDesk. The moderate decrease in revenue came as bitcoin (BTC) stumbled through September, closing the month down 8% after gaining over 25% through July and August. Revenue estimates assume miners sell their BTC immediately. Network […]
Responding to a tweet by a Lightning Network developer, the CTO of Tether Paolo Ardoino explained what has been the source of the collateral for the USDT it has been printing regularly in tens and hundreds millions of coins. However, the users in the comment thread are still doubtful. ‘Tether receives wires to make new […]
Bitcoin miners enjoyed a 7% increase in revenue during July, driven by higher network fees and increased transaction volume as bitcoin (BTC) rallied to new yearly highs above $11,400, the CoinDesk reported. BTC miners generated an estimated $300 million in revenue in July, up from $281 million in June, and the first monthly increase in […]