Bitcoin Miners Might Soon Liquidate if BTC Price Continue To Slump
The miner’s profitability could be harmed by the rising cost of mining blocks. Since the price of Bitcoin has been falling over the course of the year, from $46,000 to roughly $19,300, analysts estimated that…Read More »
Ethereum Merge Is On! Here’s What ETH Miners Are Doing Now!
The Ethereum Merge- the most anticipated event in the crypto space is hours away. It has been the final stage of Ethereum ever since its inception. After the Merge, Ethereum will function in an environmentally…Read More »
14 Million GPUs to be Discarded After the Ethereum Merger! What’s Awaited for ASIC Miners Ahead?
GPUs or the Graphical Processing Units are the core of any mining activity, regardless of the blockchain working on Proof-of-Work. As is about to transit to Proof-of-Stake, the current GPUs are expected to be worthless.…Read More »
PoW Mechanism Punishes Miners with Lower Hash Power – Says Ethereum Co-Founder Vitalik Buterin
Many analysts and experts pass comments on Proof-of-Work and Proof-of-Stake mechanisms about their mining profitability. Recently, the Co-Founder Vitalik Buterin argued that the PoW mechanism is currently punishing miners with lower hash power. PoW Hash…Read More »
Here’s a Clever Strategy for Cautiously Optimistic Crypto Mining
One of the most effective ways to get decent earnings on cryptocurrency is mining. It allows you to keep the network running and earn tokens as a reward. However, before starting mining, you need to…Read More »
Here’s How the Ethereum Merge Will Impact Miners
The date for Ethereum’s transition from a Proof-of-work based consensus mechanism to a proof-of-stake mechanism is inching closer. The change is being done to lower the energy consumption, and carbon footprint produced by the traditional…Read More »
Bitcoin Miners In Profit As Mining Difficulty Eases
When the data of Bitcoin mining difficulty is considered, there is a drastic drop from July 2021. As per the data, yesterday, on July 22, the Bitcoin mining difficulty has seen a drop of nearly…Read More »
Here’s How The Celsius Bankruptcy Has Impacted Bitcoin Mining
The Celsius network’s bankruptcy has imbalanced the whole crypto market, including the mining sector. On Wednesday, mining sector filed for creditor protection. As per the filing, the company’s mining has 80,850 rigs, where 43,632 are…Read More »
Miner Reserves Decline By 4300 BTC! What does This Mean For Bitcoin Price?
The hopes of miners of a recovery might have increased due to the increase in the price of the largest cryptocurrency by market capitalization. With BTC hovering around the $22,000 mark, the crypto market is…Read More »
Core Scientific, A Mining Corporation Has Sold More Than 78% of it’s Bitcoin Reserves!
The cryptocurrency market hasn’t shown any signs of strength or pattern reversals. BTC has thus far been unable to establish a new higher high in the daily timeframe. Therefore, it is impossible to predict a…Read More »