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In a surprising move, Senator Saddam Azlan Salim from the United States is throwing his weight behind the cryptocurrency mining wave, calling for regulations that back the industry. Instead of slapping down laws specifically targeting these digital assets, he suggests treating them like any other manufactured goods, only penalizing them for issues common to all…
In response to a recent report by J Capital Research, Bitcoin miner Hut 8 finds itself in the spotlight as questions are raised about its practices and its partnership with USBTC. The controversial report, released on January 18, warned investors of potential risks associated with the merger. Hut 8’s Confident Response Hut 8 quickly addressed…
In the kickoff of 2024, Bitcoin flexed its muscles, breaking its own record with a jaw-dropping hashrate of 549 exahash per second (EH/s) on January 6th. Talk about starting the year on a high note! Sure, there was a bit of a hiccup after December 25, 2023, when the hashrate dipped from 546 EH/s to…
December 2023 was a game-changer for Bitcoin miners, as they raked in an astonishing $1.51 billion in revenue, making it the most lucrative month of the year. Notably, this month also witnessed a remarkable milestone in fee collection, with miners pocketing a whopping $324.83 million in onchain transaction fees. Breaking Records: $1.51 Billion Monthly Haul…
Hut 8, the Miami-based digital asset miner, has announced its role in managing mining operations for MiningCo, a new mining company given the green light by the US Bankruptcy Court for the Southern District of New York as part of Celsius Network LLC’s reorganization plan. What’s Happening Under the four-year contract, Hut 8 will be…
In a recent update, OCEAN Mining has rolled out an exciting feature for miners, allowing them to have more control over their mining experience. Miners can now individually select from a range of different block templates to work with. Here are the three template options currently available: OCEAN Knots Template: This default option filters out…
Back in October 2009, a seemingly small event marked the beginning of a huge shift in finance: the first-ever Bitcoin transaction, where 5,000 tokens were traded for a mere $5. Since then, Bitcoin and other cryptocurrencies have taken the world by storm. Despite some ups and downs, like the 2017-2018 bubble burst, the value of…
Over the past few years, Bitcoin has captured the attention of institutional investors, leading to a surge in the number and capitalization of publicly traded Bitcoin mining companies, with heavyweights like BlackRock joining the fray. Despite this growing interest, the sector faces significant hurdles. Recent data indicates a collective loss of $2.75 billion across 17…
