Mining

Marathon Digital, a Bitcoin mining company, fell short of revenue expectations set by Wall Street analysts in the first quarter 2024 report. The firm cited adverse weather conditions and equipment malfunctions as contributing factors to the lower-than-expected performance. Marathon Digital Faced Production Setbacks Despite a year-on-year revenue growth of 223% to $165.2 million, as disclosed on May 9, the company’s performance still trailed the projected estimate of $193.9...

The leader in Bitcoin mining has announced its financial performance for the first quarter of 2024, revealing an improvement since its emergence from bankruptcy. The company reported a net income of $210.7 million compared to a net loss of $0.4 million for the same period in 2023. Core Scientific’s Q1 Results Total revenue surged to $179.3 million, an increase from the $120.7 million recorded during the same period last year. Operating income also increased significantly,...

The Bitcoin network’s mining difficulty has experienced its largest negative adjustment since December 2022, when the bear market was in full gear. According to data from the real-time Bitcoin dashboard Bitbo, the mining difficulty fell 5.7% to 83.1 trillion on Thursday at block height 842,688. Bitcoin Mining Difficulty Negatively Adjusts Bitcoin’s mining difficulty measures how tough and time-consuming it is to produce a new block. The difficulty rises when the number of...

PEPE is in the spotlight due to its anticipated listing on the Coinbase International Exchange, attracting global traders and sparking discussions about its price surge. Simultaneously, the Dogwifhat surge within the Solana network draws investor interest, highlighting the network’s appeal. As the stories of PEPE and Dogwifhat evolve, BlockDAG makes significant progress. Its recent presale has been a major success, advancing it to batch 10, showcasing a tremendous...

Earlier this week, the largest stablecoin issuing company, Tether, revealed that it made more than $4.52 billion in net profit in the first quarter of 2024. With the firm having expanded its operations recently, a substantial portion of the profits came from its long-standing businesses and not the newly formed divisions. Tether revealed in an attestation report that roughly $1 billion of the profit in Q1 2024 came from entities in charge of issuing stablecoins and managing...

Das ist die beliebteste Gratis-App im Android Paly Store sowie im Apple App Store: Die Shopping App Temu! Wer hätte das gedacht? Und dies obwohl alle Medien und Experten dazu raten, das einkaufen bei Temu im Browser rsp. auf der Website von Temu direkt zu machen. Es gibt ja noch keine offiziellen Zahlen zu Umsatz und Anzahl Neukunden von Temu. Daher ist gerade ein Tool wie Similarweb ziemlich mächtig und sehr zuverlässig wenn es darum geht, aktuelle und relevante Infos über die Relevanz von...

CryptoQuant analysts have found that Bitcoin miners have increased their selling activity in the last month amid slow demand growth for BTC. According to the latest CryptoQuant weekly report, the decrease in BTC demand is evident in low Bitcoin whale demand, fewer purchases from spot exchange-traded funds in the United States, and the Coinbase premium falling below zero. Miners Increase Selling Activity Miners have sent a large amount of BTC to spot exchanges, creating an...

In the evolving cryptocurrency market of May 2024, BlockDAG has a remarkable potential for a 30,000x return on investment (ROI). As highlighted in the Shibuya keynote, it distinguishes itself with scalable solutions and a mining process that users find easy to engage with. Accompanied by Kaspa (KAS), Sui (SUI), Cosmos (ATOM), and Optimism (OP), BlockDAG is poised for substantial growth, paving the way for a decentralized future in digital transactions and...

[unable to retrieve full-text content]CoinspeakerThai Police Cracks Down on Illegal Bitcoin Mining, Seizes $2.5M Worth of Equipment In their latest crackdown, the Thai police recovered 690 units used for Bitcoin mining machines vaued at 2.54 million SGD. The police is also conducting raids at multiple locations. Thai Police Cracks Down on Illegal Bitcoin Mining, Seizes $2.5M Worth of Equipment

Many people don’t understand what mining is and what the principle of mining is, especially now that most people no longer use traditional mining (using mining machines), but enter cloud computing mining. Especially newcomers who have just started know little about mining. Are There Still Opportunities for Blockchain Cloud Mining? The main form of obtaining digital currency on the blockchain is through mining nodes, which continuously consume their own computing...