Bitcoin Miners 'Hodling' 18,000 BTC in Anticipation of BTC Price Surge

Bitcoin miners in North America have mined a total of nearly 18,000 BTC as of August 2021. The digital assets are now securely locked in the miners’ treasuries,  as the BTC price continues to hover around the $45k region. Miners Hodl 18K BTC North American bitcoin (BTC) miners are making the most of the region’s… Continue reading Bitcoin Miners 'Hodling' 18,000 BTC in Anticipation of BTC Price Surge

China Forces Crypto Miners to Close Shop Causing Bitcoin Price to Plummet

(Source: https://depositphotos.com/vector-images/china-ban-crypto.html?qview=184726952) Crypto miners have exited the industry, stopped their operations, and are selling off their equipment. The shutting down of mining farms across China has created opportunities for miners residing outside of China to benefit. This is due to their portion of the global mining network now being more prominent and reduction of the… Continue reading China Forces Crypto Miners to Close Shop Causing Bitcoin Price to Plummet

Ethereum Miners Making Huge Gains Despite Crypto Market Bloodbath

While the global cryptocurrency market is presently experiencing a serious correction, Ethereum miners have continued to make a fortune from their ether (ETH) mining activities. According to data released by The Block Research on May 23, 2021, ETH miners have generated about$1.93 billion in revenue and that figure is expected to rise further by the… Continue reading Ethereum Miners Making Huge Gains Despite Crypto Market Bloodbath

Home block reward miners to face ‘heavy fines’ in Iran

People in Iran who turn to mining digital currency via their domestic electricity supply will now face heavy fines, according to a spokesperson for the Iranian government. Mostafa Rajabi, a spokesperson for the Energy Ministry in Tehran, said users would be subject to significant fines if caught mining from home, citing block reward mining as… Continue reading Home block reward miners to face ‘heavy fines’ in Iran

Ethereum Miners Earned $89 Million in Transaction Fees on May 10

On May 10, the Ethereum network generated roughly $89 million in transaction fees, the highest in its history. At this pace, the platform is on the course of printing $32.5 billion in fees, a gold mine for miners but a negative development for users who are increasingly shifting to layer two options. Ethereum is Activity… Continue reading Ethereum Miners Earned $89 Million in Transaction Fees on May 10

Bitcoin Miners Moving Away from China, F2Pool Observes

For the first time in eight years, more hash rate was channeled from outside of China, the operator of one of the world’s oldest Bitcoin mining pool, F2Pool, notes as per a tweet on May 4. Bitcoin Hash Rate: The Shift in Distribution Bitcoin’s autonomy is because miners willingly channel computing power using expensive and… Continue reading Bitcoin Miners Moving Away from China, F2Pool Observes

Bitcoin Miners Unfazed by Bears, Stacking Up as BTC/USD Trend Below $60k

Recent data from Glass node reveals that Bitcoin miners have been stacking heavily in the last month. Bitcoin Miners are HODLing Bitcoin miners play a critical role in securing the network. By channeling what’s turning out to be expensive computing resources from scarce and costly mining gear, they are rewarded with 6.25 BTC–or over $180k,… Continue reading Bitcoin Miners Unfazed by Bears, Stacking Up as BTC/USD Trend Below $60k

North American crypto miners prepare to challenge China’s dominance

Springtime is coming to the North American cryptocurrency mining industry. With access to robust capital markets, cheap power, a stable political climate and increasing participation of technological innovators, industrial-grade mining operations are burgeoning in the United States and Canada, providing competition to Chinese mining pools that now control more than half of the world’s hashing… Continue reading North American crypto miners prepare to challenge China’s dominance

Miners are hoarding Bitcoin from record daily earnings

Bitcoin miners are stashing away their coins for higher prices, with direct transfers from miners to exchanges plummeting nearly 40% since mid-March. Data from on-chain analytics provider Glassnode shows that miners’ BTC balances have been increasing since late March, following heavy outflows throughout January and consistently reduced selling during February and earlier in March. Glassnode… Continue reading Miners are hoarding Bitcoin from record daily earnings

Block reward miners get tax breaks in Kentucky

Kentucky Governor Andy Beshear has signed a pair of legislative bills that enable block reward miners to take advantage of tax breaks in the energy-rich Commonwealth. Senate Bill 255 extends the state’s clean energy-focused programs to block reward miners who invest at least $1 million in blockchain mining equipment operating in-state. Similarly, House Bill 230… Continue reading Block reward miners get tax breaks in Kentucky

Ethermine Helping Miners Mitigate EIP-1559 Revenue Loss with MEV Software

Ethermine has announced the launch of its Maximal Extracted Value (MEV) beta program. The mining pool claims MEV will enable its miners to make more profits and cushion the effect of the impending EIP-1559, which is designed to slash miner rewards, according to a tweet on March 17, 2021. Ethermine Adds Support for MEV  Ethermine,… Continue reading Ethermine Helping Miners Mitigate EIP-1559 Revenue Loss with MEV Software

Ethereum Miners Plot 51% Collusion

“This is a show of force. It’s a show of: hey miners can coordinate,” says Michael Carter (pictured) of Bits Be Trippin, a youtube miners channel. That follows rumors some miners plan to concentrate 51% of the hashrate on Ethermine, the second biggest ethereum mining pool which has vocally come out against the now approved… Continue reading Ethereum Miners Plot 51% Collusion

Stock Traded Miners Start Holding Their Bitcoin

A movement is on in bitcoin mining among publicly traded companies that heralds the biggest change since the invention of asics back in 2013. “After considerable planning, implementation of internal controls, counter-party risk review, and custody arrangements, in early January, Bitfarms has commenced a Bitcoin Pilot Retention Program. Under this Program, for the first time,… Continue reading Stock Traded Miners Start Holding Their Bitcoin

Bitcoin Miners Have Been Selling their Bags Since BTC hit $42k

Quick take: Bitcoin Miners’ Position Index has hit an 8 year high According to the CEO of CryptoQuant, miners have been selling their Bitcoin since BTC hit $42k The selling is ongoing and the main reason BTC is bearish at least in the short term Over 116k BTC options expire this Friday and could bring… Continue reading Bitcoin Miners Have Been Selling their Bags Since BTC hit $42k

Miners unconvinced as Ethereum devs look to move EIP-1559 to mainnet

EIP-1559 is one of the most anticipated upgrades to the Ethereum blockchain, and according to reports, it is likely to be on the mainnet fairly soon. ETH devs handling the proposal are in the process of moving EIP to the mainnet, coming to an agreement that solutions to most research questions have been solved. Tim… Continue reading Miners unconvinced as Ethereum devs look to move EIP-1559 to mainnet

China’s bitcoin miners struggle to pay bills due to govt crackdown

A self-claimed Chinese cryptocurrency reporter, Colin Wu, who has an exclusive focus on the crypto mining industry, regulation and exchanges in China, took to twitter today to share that Bitcoin miners based in China are finding it difficult to pay their electricity bills. Colin Wu found that the Chinese local governments have been cracking down… Continue reading China’s bitcoin miners struggle to pay bills due to govt crackdown

Ethereum miners made 450K ETH from high network fees during DeFi peak

Ether (ETH) miner revenue skyrocketed during the month of September according to data from glassnode, an onchain analytics resource. While the price of Ether did not rise significantly during this time, miners on the Ethereum network saw their revenue increase due to high fees. Miners took home 450,089 ETH in fees ($168.7 million) and this… Continue reading Ethereum miners made 450K ETH from high network fees during DeFi peak

Researcher suggests miners are manipulating Ethereum blocks to exploit DeFi

Some Ether (ETH) miners appear to be re-engineering blocks to take advantage of DeFi opportunities in an instance of what is termed “miner extractable value,” or MEV. Miner extractable value was long anticipated by researchers as a potential exploit pattern for DeFi that leverages the miners’ unique protocol influence. Since miners have free reign over… Continue reading Researcher suggests miners are manipulating Ethereum blocks to exploit DeFi

Report: 76% crypto miners use renewables as part of their energy mix

The rising energy demand of proof-of-work cryptocurrencies such as Bitcoin (BTC) has been a hotly debated topic. But the 3rd Global Cryptoasset Benchmarking Study by the University of Cambridge shows that 76% of cryptocurrency miners use electricity from renewable energy sources as part of their energy mix. The study found that over 39% of the… Continue reading Report: 76% crypto miners use renewables as part of their energy mix

Ethereum miners are still in profit, here’s why this matters

Ethereum miners were enjoying the current market condition after the launch of Uniswap’s governance token, UNI. The launch drove the gas cost on the Ethereum network, which resulted in miners pocketing close to $1 million in fees within a single hour. These events along with Ethereum network activity resulted in the ETH miners earning more… Continue reading Ethereum miners are still in profit, here’s why this matters

Profit taking Bitcoin miners won’t stop the next bull run: On-chain analyst

Historical data shows that some miners began to sell Bitcoin (BTC) at the end of July, leading to increased selling pressure in the cryptocurrency market. Eventually, the dominant cryptocurrency fell steeply from mid-August, recording a 13% fall and since then BTC has struggled to retake the $12K mark. Bitcoin selling by miners from 2017-2020. Source:… Continue reading Profit taking Bitcoin miners won’t stop the next bull run: On-chain analyst

Profit taking Bitcoin miners won’t stop the next bull run: On-chain analyst

Historical data shows that some miners began to sell Bitcoin (BTC) at the end of July, leading to increased selling pressure in the cryptocurrency market. Eventually, the dominant cryptocurrency fell steeply from mid-August, recording a 13% fall and since then BTC has struggled to retake the $12K mark. Bitcoin selling by miners from 2017-2020. Source:… Continue reading Profit taking Bitcoin miners won’t stop the next bull run: On-chain analyst

Brutal Blow To Miners: Russia’s New Draft Law Will Ban Crypto Completely And Prohibit Miners From Receiving Rewards ⋆ ZyCrypto

The Finance Ministry of Russia has proposed some amendments that could ban cryptocurrency use in the country. The passing of the new draft bill could be catastrophic for the bitcoin miners in Russia as it aims to prevent them from being rewarded in crypto for the work they put in. Russia Proposes New Law That… Continue reading Brutal Blow To Miners: Russia’s New Draft Law Will Ban Crypto Completely And Prohibit Miners From Receiving Rewards ⋆ ZyCrypto