According to data provided by CoinWarz, Bitcoin mining difficulty has reached a new record high of 109.78 trillion. The latest positive difficulty adjustment took place on Sunday. The widely tracked metric has increased by 1.16%. Bitcoin mining difficulty has now…
During the opening week of the year, the Kheavyhash algorithm—used for mining kaspa (KAS)—topped the profitability charts among proof-of-work (PoW) algorithms. Fast forward to today, and Scrypt has claimed the crown as the most lucrative choice for miners, particularly those…
Though the month isn’t quite over yet, bitcoin miners have already outperformed their November earnings, amassing $1.33 billion in December with two days still on the clock. This uptick in revenue has been fueled by stronger bitcoin prices, but there’s…
A report on the 2024 Kyrgyz government revealed crypto mining taxes contributed only around $535,000. This value dropped by nearly half compared to last year’s crypto mining tax collection. According to a budget document released by the Kyrgyzstan Ministry of…
Hive Digital Technologies, a blockchain infrastructure firm, has announced the deployment of advanced Nvidia GPUs in Quebec, marking a significant shift toward high-performance computing (HPC) and artificial intelligence (AI). This week company noted that it has invested $30 million in…
Donald Trump’s “Made in USA” Bitcoin pledge is hitting the hard wall of blockchain reality. Back in June, the ‘crypto president’ posted on Truth Social that he wanted all remaining Bitcoin to be mined in the United States. The announcement…
Ethiopia has leveraged its enormous hydroelectric power, particularly from the Grand Ethiopian Renaissance Dam (GERD), for Bitcoin mining. Now with 18% of Ethiopian Electric Power’s (EEP) income coming from Bitcoin mining, the nation has turned its idle energy into a…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Merry Christmas and Happy Hanukkah to those who celebrate. Kwanzaa kicks off tomorrow too. While Santa’s elves worked hard in the holiday lead-up, bitcoin miners were…
Public mining companies have posted deep losses in 2024, based on data from Hashrate Index, tracking the biggest miners and data center operators. Despite the new all-time highs for Bitcoin (BTC), the shares of most mining entities are on track…
Last week, the price of bitcoin took a tumble, and right alongside it, the network’s computing muscle flexed down from a whopping 806 exahash per second (EH/s) on Dec. 14 to a mere 771 EH/s by Dec. 21. However, over…