Bitcoin transfer costs fall to 2020 lows
Bitcoin transaction fees hit a four-year low on July 7, falling to $38.69. Miners remain profitable due to reduced network difficulty and lower computational power needs. Go to Source
Bitcoin Miners
Auto Added by WPeMatico
Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low
Bitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6 a.m. EDT on July 4, 2024, the price per petahash dropped to $44.842 per PH/s. The dollar value of daily mining revenue per petahash of … Read more
Runes TXs on Bitcoin have tanked over 88% this month
Bitcoin miners have earned less than 2 Bitcoin combined from Runes transactions over the last six straight days — an enormous drop from its record 884 Bitcoin on April 24. Go to Source
Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall
With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $50 and hovering just above $47 per PH/s. Declining Bitcoin Value … Read more
Bitcoin miner sell pressure ‘weakening’ as BTC withdrawals drop 85%
BTC withdrawals from miner-affiliated wallets have gone from above 50,000 per day to under 10,000 since the halving, data shows. Go to Source
Bitcoin ‘cascading long squeeze’ to blame for slump to $60K
An increasing number of traders entering new long positions was the “fuel” behind Bitcoin’s slump to $60,000, according to a Bitcoin analyst Willy Woo. Go to Source
JPMorgan: Bitcoin Miners’ Market Cap Jumps 22% Following AI Hosting Deal
Global investment bank JPMorgan has observed a notable surge in investor interest in bitcoin miners after Core Scientific announced it would host 200 MW of GPUs for AI hyperscaler Coreweave. According to JPMorgan, the combined market capitalization of 14 tracked miners has increased by $4 billion since the announcement. This rise occurred even as bitcoin … Read more
US-Listed Bitcoin Miners Hit Record Market Cap of $22.8 Billion, JPMorgan Says
As of June 15, U.S.-listed bitcoin miners have reached a record market capitalization of $22.8 billion, according to global investment bank JPMorgan. This surge is led by significant gains in stocks like Core Scientific, Terawulf, and Iren. The overall sector market cap has increased by 24% since the end of May, partly due to a … Read more
Bitcoin Runes racks up over 2500 BTC in fees under 2 months
Runes-related transactions could extend a significant revenue boost for Bitcoin miners, after the 2024 halving. Go to Source
Bitcoin miners rise 10% after Trump promises to back US miners
The biggest winners on June 12 were TeraWulf, Hut 8 Mining and Core Scientific. Go to Source