Mining

Bitcoin mining difficulty continues to increase, reaching an all-time high in early August as crypto markets crashed. In the aftermath, the profitability of miners continues to suffer as BTC mining machines fall below their break-even point. Bitcoin Miners Capitulate as Mining Difficulty Soars Head of Research at Galaxy Alex Thorn recently highlighted the 24th biggest increase in Bitcoin mining difficulty since 2016. According to f2pool, at Bitcoin’s current price of $52,982, BTC mining difficulty is at a 90.67 hashrate. “Today,…

Bitcoin mining behemoth, Marathon Digital has made headlines by investing a staggering $100 million in BTC. This substantial investment comes despite BTC’s previous price drops, underscoring the mining giant’s confidence in the long term potential of the pioneer cryptocurrency.  MARA Buys $100 Million Worth Of BTC In a press release published on Thursday, July 25, MARA, (recently rebranded from Marathon Digital) announced that it has purchased an additional $100 million worth of BTC. This substantial Bitcoin investment marks a significant…

Marathon Digital (MARA), one of the largest Bitcoin (BTC) mining companies, has recently announced a substantial acquisition of $100 million worth of Bitcoin.  This significant purchase, detailed in a recent company statement, has increased Marathon’s Bitcoin holdings to over $1 billion at current prices, showing the company’s confidence in the future price appreciation of the largest cryptocurrency on the market. Is Bitcoin The ‘World’s Best Treasury Reserve Asset’? According to the company’s announcement on Thursday, by adopting a “HODL” strategy,…

The post Unleash the Fun with WuffiTap: A Gamified Social Mining Experience on Telegram appeared first on Coinpedia Fintech News [London, July 18] – WuffiTap, the newest addition to the WUFFI universe, launched this week, introducing an engaging gamified social mining experience. Accessible via Telegram on the Telegram Open Network (TON), WuffiTap allows users to earn PAWs, the in-game currency, by simply tapping their screens.Not only does the new Tap-to-Earn game capitalize on the legacy of the WUFFI ecosystem, but…

In a world where cryptocurrency trends can be as volatile as the markets themselves, Filecoin and OKB illustrate the diverse paths digital currencies can traverse. Filecoin shows a promising stabilization at around $4.50, with indicators suggesting a potential breakout, while OKB faces a projected decline, indicating bearish sentiment.  Amidst these fluctuations, BlockDAG X1 Miner app introduces a refreshing contrast. Now available on Apple App Store, this app not only simplifies the mining process with its user-friendly interface and efficient design but…

The United States US Republican party is pushing for more support for Bitcoin mining. The politicians are against CBDCs or Digital Dollar in a bid to spite the Democrats. The Republican National Committee Platform has put its foot forward to defend Bitcoin (BTC) mining and oppose the creation of Central Bank Digital Currencies (CBDC). The platform is supported by former president Donald Trump and formed with an agenda to win the White House and Republican Majorities in the House and…

Brussels, Belgium, July 10th, 2024, Chainwire SKALE is enhancing scalability and efficiency for over 10 million monthly active users, solidifying its position as one of the world’s most efficient blockchains. SKALE, the gas-less EVM-compatible modular blockchain network, today launched the Pacifica V3 upgrade which accelerates block mining speed by 108% and increases transaction throughput by 122%. Leveraging its unique modular AppChain architecture, this upgrade brings significant advancements to SKALE Network's capabilities, including improved transaction speed and predictability, enhanced network performance,…

In recent years, with the rise of cryptocurrencies such as Bitcoin, more and more people have begun to pay attention to the field of mining and seek investment opportunities in it. In order to meet the needs of users, cloud mining financial management has gradually become a popular investment method. Among the many cloud mining financial management platforms, KK Miner has attracted the attention of many investors with its convenient investment and advantages. KK mining machine provides a simple and…

Recent data shows that the Bitcoin mining difficulty is on the decline and has hit its lowest since May. This is significant considering what this could mean for the Bitcoin ecosystem, specifically Bitcoin’s price. Bitcoin Mining Difficulty Drops To 79.5 T Data from CoinWarz shows that Bitcoin mining difficulty has dropped to 79.5 T at block 851,204 and hasn’t changed in the last 24 hours. This mining difficulty has continued to fall for a while, with further data from CoinWarz…