After 10% Difficulty Drop, Bitcoin Miners Are Back in the Game

Just weeks ago, there were fears that miners had begun to capitulate. Bitcoin blocks were slower than normal, transaction fees skyrocketed, and data analysts observed large outflows from miner wallets. What happened was the block reward halving, which decreased the revenue of miners by around 50%. After the halving in mid-May, Matt D’Souza, a hedge […]

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Bitcoin Stares at Another Big Plunge as Mining Difficulty Hints Dropping 10.25%

Bitcoin mining difficulty could drop by 10.25 percent on Thursday. It will be the most significant downward adjustment since “halving.” Historically, wild negative swings in Bitcoin’s mining difficulty has led to significant price drops. Bitcoin risks undergoing a short-term price drop as it becomes easier for its producers to mine it. Sasha Fleyshman, a trader […]

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U.S. Crypto Miners See Blow Ahead of Halving For This Reason

There were times when crypto mining was profitable even to the smallest hobbyist miner. But with the languishing prices and high costs of equipment and energy, those days are very distant. Now, U.S. miners face yet another blow before the halving as a higher rate for cryptocurrency mining facilities in Washington state is upheld. Crypto […]

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Are Bitcoin Miners Pumping BTC’s Hashrate to Profit from Halving?

There’s a notable increase in bitcoin’s mining hash rate, as miners now seek to acquire as many coins as possible before May’s block reward halving. As Always, Economic Incentives Drive Mining Not surprisingly, Bitcoin’s major price drop last month resulted in an equally notable drop in mining. Older, less-efficient rigs simply became too unprofitable to […]

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Canaan Crypto Mining Firm Lawsuit to Get Underway Next Month

As litigation begins for crypto mining equipment manufacturer Canaan over its IPO, shareholders must decide on the lead plaintiff by May. The Crypto Class Action Lawsuit Against Canaan IPO In an official release today, leading law firm Robbins Geller Rudman & Dowd LLP announced that the decision deadline to choose the lead plaintiff in the […]

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Canaan Crypto Mining Firm Lawsuit to Get Underway Next Month

As litigation begins for crypto mining equipment manufacturer Canaan over its IPO, shareholders must decide on the lead plaintiff by May. The Crypto Class Action Lawsuit Against Canaan IPO In an official release today, leading law firm Robbins Geller Rudman & Dowd LLP announced that the decision deadline to choose the lead plaintiff in the […]

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What Would it Cost to Build a Bitcoin Mining Rig Today?

Poolin.com has put together an updated analysis of the present cost of putting together a profitable Bitcoin mining rig. This information provides a unique insight into the complexities of the ever-changing mining landscape. DETERMINING THE COST IS COMPLEX In the article, the mining pool notes that there a wide range of individual variables determine mining […]

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Who will Mine Bitcoin when Prices hit $1000? ‘Last Miner Standing’

According to his models, the “common sense” prediction is that bitcoin price is going to $135k, says Adaptive Capital partner and on-chain analysis expert, Willy Woo. However, if there were a major trend reversal and the price dropped to the $1,000 range, we’d be testing the “last strongest Bitcoin miner that can keep running.” Testing […]

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Bitcoin to Become Superior to Gold After 2020 Halving

After the second halving in 2016, Bitcoin’s price skyrocketed. So, will the third halving, scheduled to occur in May 2020, repeat the same? A Pre-Halving Bitcoin Price Rally Is Already Underway A Bitcoin halving occurs every four years. At each halving event, the BTC generation algorithm cuts the block reward by half. As a result, […]

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