Did Bitcoin prove itself to be a reliable store of value in 2020? Experts answer
Experts in blockchain technology and crypto take on the question of Bitcoin’s path throughout the year 2020. Go to Source Powered by WPeMatico
Bitcoin Halving
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Top 10 crypto and blockchain stories of 2020
Corporations and institutional investors seeking an alternate store of value amid the pandemic crisis drove crypto to new heights in 2020. Go to Source Powered by WPeMatico
Bitcoin Miners Earn Over $1 Million per Hour — Revenue Increases 185% Since the 2020 Halving
Bitcoin miners have been yielding a very profitable year in monthly revenues, as the latest onchain data shows significant figures at its highest levels since 2019. Hourly Bitcoin Mining Revenues Hits 2019 Highs According to Glassnode, BTC miners are currently earning $1 million per hour, meaning an increase of 185% since the halving happened in … Read more
From mom’s house to warehouse: Bitcoin mining is going industrial
As the cryptocurrency industry continues to grow, so does mining. But there’s a new trend developing now that has only recently emerged. Go to Source Powered by WPeMatico
Decred co-founder explains rationale behind Bitcoin bull and bear cycles
Do Bitcoin’s market cycles depend on its structure as an asset, human psychology, or both? Go to Source Powered by WPeMatico
Bitcoin miner revenue surges to pre-halving levels
Miners are likely starting to sell some BTC at this point. Go to Source Powered by WPeMatico
Report: Bitcoin Set for its Biggest Breakout Yet
A recent Coinmetrics report says on-chain fundamentals are hinting at bitcoin experiencing its biggest breakout yet. The report notes that bitcoin is already showing signs of this following its rise by about $1,000 in one day on October 21. The digital asset has subsequently set a new all-time high for the year. A New Precedent … Read more
Only 2.5 million Bitcoin left to mine
But with Bitcoin demand on the rise, can we expect more scarcity? Go to Source Powered by WPeMatico
What death spiral? Bitcoin mining difficulty rises by 9% since halving
Bitcoin mining difficulty has risen by 9% since the May 11 halving, demonstrating that the ecosystem remains healthy despite post-halving miner capitulation fears. Go to Source Powered by WPeMatico
Miner Hut 8 Reports Q2 Revenue Plunged 67% to $6.9 Million Due to Bitcoin Halving
Canadian miner Hut 8 Mining Corp has reported that second quarter revenue tumbled 67% to $6.9 million from $21.2 million a year ago, as Bitcoin’s supply cut in May forced production to decline. The Toronto Stock Exchange-listed company extracted just 795 bitcoin (BTC) in the April to June quarter, compared to 1,165 BTC in the … Read more
