Tag Archives: Bitcoin Mining

Apple, which announced its Vision Pro headset in June, saw its share price grow by 55% in 2023. Meanwhile, Amazon stock gained 79% as its AWS division pushed for AI-focused products. But these leading “Magnificent Seven” tech stocks did not make it into the top ten by yearly returns for 2023. The tech industry stocks that did were all Bitcoin mining stocks. Moreover, Wall Street’s top ten performers this year included not one, not two or three, but four Bitcoin mining...

Bitcoin miners are experiencing significant gains, thanks to a surge in transaction fees that have reached their highest levels since April 2021, primarily driven by the increasing demand for Ordinals inscriptions. The positive momentum in the market throughout this year has served as a valuable recovery for miners, compensating for the challenges faced in the unfavorable conditions of 2022. As such, miners appear to have cashed in on this remarkable rally this month. Bitcoin...

Bitcoin (BTC) miners in 2023 have collected a daily average of $2 million in transaction fee revenue, according to data from Coinmetrics. The value reportedly showcases a 400% increase compared to last year’s averages. Bitcoin Miners Revenue Increases Year Over Year According to a Dec. 23 post on X (formerly Twitter) made by Jameson Lopp, the Co-founder and CTO of BTC self-custody solutions company Casa, Bitcoin miners generated revenue exceeding $10 billion in 2023, adding...

Wenn die letzten der 21 Millionen Bitcoin gemined worden sind, wird sich die Welt der Kryptowährungen wahrscheinlich grundlegend verändern. Bitcoin, die erste und bekannteste Kryptowährung, wurde so konzipiert, dass nur 21 Millionen Münzen jemals existieren werden. Diese Obergrenze ist ein wesentliches Merkmal, das dazu beiträgt, Inflation zu verhindern und Knappheit zu schaffen. Aber was passiert, wenn alle Bitcoins gemined sind? 1. Ende des Bitcoin-Mining Das Mining von neuen Bitcoins wird...

Riot Platforms is one of the leading cryptocurrency mining companies with a steady stream of income. A Well-Grounded Company The company’s strength lies in the sheer scale of operations, which allows it to drive down the cost of mining Bitcoin by virtue of its immense processing power. Although it faced a significant downturn during crypto winter – much like any other platform in its situation – the company faced no real difficulties in staying afloat, even securing an...

In a week that saw Bitcoin surging to an impressive $42,000, Tether, the company behind the world’s largest stablecoin, witnessed a substantial increase in the value of its BTC holdings, resulting in a staggering unrealized profit of over $1 billion. Since May 2023, Tether has amassed 4,083 BTC. Tether’s Bitcoin Holdings Soar According to data compiled by crypto analyst EmberCN, Tether currently holds an impressive 57,576 BTC, equivalent to approximately $2.4 billion. The...

Crypto fundraising in November saw a significant uptick compared to the amounts raised in prior months. Bitcoin miners took the lead this time, accounting for 90% of the deals ahead of exchanges and payments projects. Research by market intelligence platform Messari found that Bitcoin miners Northern Data and Phoenix Group raised more than half of the total amount accumulated by the crypto venture capital market. Bitcoin Miners Lead in Crypto Funding For November During the...

Northern Data – a German data center and Bitcoin mining operator – has spent another $360 million on GPUs to bolster its cloud computing services. The move signals further integration of Bitcoin miners into the AI sector where industry firms benefit from pre-existing infrastructure and economies of scale. Diving Deep Into AI Taiga Cloud – Northern Data’s AI-focused subsidiary – announced the purchase in a press release on Wednesday. The investment, worth 330 million euros,...

AntPool – a prominent Bitcoin mining pool – has announced its decision to refund the staggering $3 million transaction fee that made headlines last week. The incident occurred when a user mistakenly submitted an 83 BTC gas fee, prompting AntPool’s risk control system to temporarily freeze the transaction during packaging. AntPool to Reimburse 83 BTC Gas Fee According to an update on November 30th, AntPool has set a deadline for the original owner to verify their identity...

Bitcoiners are blasting the British Broadcasting Corporation (BBC) following the outlet’s recent article discussing the blockchain network’s energy consumption. The public broadcaster cited a study claiming that every Bitcoin transaction consumes “a back yard swimming pool” worth of water, though critics say that the claim is based on “junk science.” Does Bitcoin Use Too Much Water? As published on Wednesday, the BBC’s article claimed that Bitcoin’s water consumption relates...