According to CoinGecko, the average electricity bill for a household that mines 1 BTC is $46,291.24, which is 35% higher than the average daily electricity price of 1 BTC of $30,090.08 in July 2023.
Mining News
According to a recent report by MadeEasy – Finance, Bitcoin miners around the world are currently facing a critical moment.
Crypto stocks have outperformed most major cryptocurrencies this year. Major bitcoin miner Core Scientific (CORZ ) rose 1,140% to $0.87 per share.
Solana probably won’t die, but it won’t live the way it used to.
According to a report published by K33 Research, the cryptocurrency industry has nearly 190,000 employees as of July 2023.
The next Bitcoin (BTC) halving will take place in April 2024 and could push miners profits into the red.
Bitcoin experienced an unexpected surge in selling pressure following the release of the Federal Open Market Committee (FOMC) minutes.
In response to the controversy surrounding “Blur killing NFT narratives,” Pacman, founder of NFT aggregation market Blur, shared his thoughts on social media.
A recent report from The Block revealed that Bitcoin miners’ revenues fell sharply in June, dropping by a whopping 14.5%. Total revenue plummeted to $783.3 million.
Bitcoin miners have sent over $1 billion worth of assets to cryptocurrency exchanges in the past two weeks.
The Monetary Authority of Singapore (MAS) has conducted a comprehensive review of various aspects of tokenization and decentralized finance (DeFi) protocols, with the aim of determining their compatibility with international standards.
WEWE Global is a revolutionary platform that blends cryptocurrency with referral marketing to create a versatile multiservice platform.
Despite regulatory risks, Bitcoin’s illiquid supply hit an all-time high of 15.2 million, according to Glassnode data, suggesting continued market demand.
Five key figures in the cryptocurrency industry testified before Congress amid an escalating debate over the regulation of digital assets.
London, United Kingdom – MineLab Limited, a leading cryptocurrency cloud mining company, is proud to announce the launch of MineLab.bz, a cutting-edge platform that utilizes artificial intelligence (AI) to revolutionize the mining process and deliver substantial daily returns to its users.
To address tax evasion in the cryptocurrency market, Representatives Brad Sherman and Stephen Lynch called on the Treasury Department and the Internal Revenue Service (IRS) to issue regulations quickly.
According to the latest data, the total transaction volume on the Ethereum NFT platform continued its downward trend in May.
In a major development for the cryptocurrency industry, the state of Texas successfully passed two bills related to cryptocurrency mining, while a controversial bill that could have adversely affected miners was defeated at the committee stage.
A member of the Tornado Cash community named Tornadosaurus-Hex announced on the forum that the attackers behind the recent breach had submitted a new proposal to restore governance.
Drug Holding & Investments, the investment arm of the Kingdom of Bhutan, has announced a partnership with Bitdeer Technologies Group.
In a recent tweet, U.S. Democratic presidential candidate Robert Kennedy Jr. shared his thoughts on the cryptocurrency industry.
Bitfarms, a Bitcoin mining company based in the Cuarto region of Argentina, has set a new record for its hash rate of 5 EH/s.
Former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton recently expressed agreement with current SEC Chairman Gary Gensler that a significant portion of cryptocurrencies may fall under the category of securities.
The 30-day moving average of Bitcoin mining revenue has surged to $27.34 million per day, the highest level since June 2021, according to Blockchain.com.
The U.S. House of Representatives Financial Services Committee has released a discussion draft of a groundbreaking stablecoin bill ahead of Saturday’s congressional hearing.
Zane Tackett, the former director of institutional sales at bankrupt cryptocurrency exchange FTX, suggested via Telegram that FTX should relaunch and offer tokens representing creditor claims.
The Texas Senate has passed a bill that would limit bitcoin miners’ participation in demand response programs.
The upgrade will enable validators to withdraw ETH from the beacon chain and bring new functionality to the execution and consensus layers.