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Bitcoin mining: month-on-month profitability declines in July, according to Jefferies - Crypto - https://lnkd.in/d-QKiYXb According to a recent report by the American bank, Jefferies Group LLC, Bitcoin Mining marginally reduced its profitability in July compared to June. This happened in a context where the price of BTC lost 6% and the computing power of the network

Time for our Q2 Bitcoin Mining Wrap up! Here's what you need to know: ⛏ In the wake of the Halving, Bitcoin’s hashrate (30D MA) has fallen -7% from its all-time-high of 626 EH/s, now at 580 EH/s ⛏ A massive UTXO consolidation by OKX provided a brief boost in transaction fee revenue, with miners earning $38M in fees over a 3-day period ⛏ Toronto-based miner Bitfarms has made impressive improvements to fleet efficiency, lowering incremental energy consumption from 35 to 27 J/TH in 2024 ⛏ After trading as high as $100/TH at the height of the 2021 bull run, Antminer S19s now trade as low as $2.5/TH on secondary markets

Today, we’re launching the next generation of Bitcoin mining investments: the Blockstream Mining Note 2 (BMN2). It offers investors direct exposure to hashrate generated at our Bitcoin mining facilities through a tradable security token on the Liquid Network. BMN2 builds on the success of BMN1, which recently matured, generating over 1,212 BTC with net returns of up to 102% over its three-year term. BMN2 offers a similar structure but extends the investment period to 48 months. https://lnkd.in/ek2_tnTT

Toronto-listed #bitcoin miner Bitfarms (TSX-V:BITF) has seen an impressive surge in #mining output in recent months, but even more aggressive growth is earmarked for the year ahead. In December 2023 alone, #Bitfarms (TSX-V:BITF) earned 446 Bitcoin BTC, a 13.8% increase from the previous month, culminating in a total of 4,928 BTC for the year. On average, 14.4 BTC were earned daily, equating to approximately $612,000 per day, based on the BTC price of $42,500 on December 31, 2023. Bitfarms’ hashrate saw a substantial year-over-year increase of 44%, reaching 6.5 exahashes per second (EH/s) at the end of December. The company also expanded its total contracted capacity to 593 megawatts, demonstrating its commitment to growth and efficiency. In terms of mining efficiency, there was an 8% increase to 71.7 BTC per average EH/s from 66.4 in November 2023. More at #Proactive #ProactiveInvestors http://ow.ly/GBrf1057An4 #TSXV #BITF

#News #BitcoinMining #Heatwave #NorthAmerica Heatwave Threatens Bitcoin Mining Profitability in North America: North American heatwave may boost Bitcoin miners‘ profits as many shut down operations. Bitcoin miners are anticipated to experience an increase in profits as a result of the extreme heat that typically occurs in North America during the summer, which may necessitate the shutdown or cooling of their operations. The United States (US) is recognized […] The post Heatwave Threatens Bitcoin Mining Profitability in North America appeared first on Coinscreed.

Roundup: Top 5 Bitcoin Mining News This Week - Crypto - https://lnkd.in/dnGi6gv4 A new week closes in the hectic world of cryptocurrencies with BTC ending above $60,000 despite the volatility. In this work, as usual, we present you a summary of the most important events in the Bitcoin Mining industry this week. Several important aspects

In 2023 there were various notable events in the Bitcoin mining pool space. Here are my top three: 1/ Marathon Digital Holdings (NASDAQ: MARA) mined an invalid Bitcoin block: At block height 809,478 mining company Marathon Digital (MARA) mined an invalid Bitcoin block. Marathon stated it utilised a small portion of their hashrate to experiment with their development pool and researched potential methods to optimise the operations. The error was the result of an unanticipated bug that came from one of the experiments and was not an attempt to alter Bitcoin Core. 2/ OFAC-sanctioned transactions: In November six blocks missing OFAC-sanctioned transactions were identified by a developer’s mining pool-observer project. Four of these blocks were mined by f2pool. According to 0xB10C it is likely these were filtered. The sanctioned transactions missing from the other two blocks were mined by ViaBTC and Foundry. These were likely false positives and not the result of filtering. 3/ Braiins Pool Switches to FPPS: End of 2022 Riot Platforms, Inc., one of the world's largest publicly traded bitcoin miners, switched its mining pool away from Braiins Pool to ensure more predictable results after failing to produce expected monthly amount of Bitcoin. In 2023 Braiins Pool was the only pool in the top 10 that saw a decline in the amount of reported hashrate in 2023. This signal from the market motivated Braiins Pool to make a strategic shift by adopting the Full Pay-Per-Share (FPPS) payment method. Moving away from their conventional Scoring system aiming to enhance the stability and predictability of their rewards. The transition to the FPPS method addresses the inherent volatility and unpredictability in traditional mining reward systems. It presents miners with a more stable, transparent, and consistent earnings framework. Check out the 2023 Annual Review of Digital Mining Solutions to get more insights into the developments in the mining pools space. The report is brought to you by Lincoin Technologies Inc. and can be downloaded for free: https://lnkd.in/dD-yUNBd #bitcoinmining #bitcoinnews #bitcoin

⚠️ Bitcoin Mining Centralization Concerns Rise: Single Entity Controls Nearly Half of Network Hashrate ⚠️ #Bitcoin #BitcoinMining #Hashrate #Bitmex Full Article 🔽 https://lnkd.in/g7y3gXD6

Roundup: Top 5 Bitcoin Mining News This Week - Crypto - https://lnkd.in/dqPwkBtH A new week closes in the hectic world of cryptocurrencies with BTC ending above $60,000 despite the volatility. In this work, as usual, we present you a summary of the most important events in the Bitcoin Mining industry this week. Several important aspects

Marathon Digital Holdings Shatters Bitcoin Mining Records in December 2023 Marathon Digital Holdings, a Bitcoin miner, surpassed all previous months in terms of output in December 2023, mining a record-breaking amount of Bitcoin. The Florida-based company disclosed in a press release dated January 4 that it mined 1,853 Bitcoin in December, representing a 56% increase from November and a 290% increase from December 2022. The company claimed:  “We believe this to be the highest monthly total ever recorded by a public Bitcoin mining company.” Before this, Core Scientific asserted that […] Marathon Digital Holdings Shatters Bitcoin Mining Records in December 2023 #Bitcoinmining #CoreScientific #Marathondigitalholdings