Your Daily Digest of Global Stories
During the third quarter of the year, the cost of producing 1 bitcoin went from USD 4,200 to USD 49,500. Some companies have reduced their production costs based on energy agreements. The cost of mining 1 bitcoin is experiencing an escalation, resulting in a challenge for the mining industry. After the halving reduced the reward…
A higher hashrate is a sign of trust and health in the Bitcoin network. The arrival of more powerful miners and even the reconnection of old miners influences the rise. The Bitcoin network hashrate has reached a new all-time high. This network security indicator reached the record figure of 734 EH/s. A higher hashrate is…
After a month of its launch, on October 9, 2024, the Fractal Bitcoin (FB) network, a Bitcoin (BTC) sidechain, managed to capture 35% of the hashpower (or total processing power) of Bitcoin. This hashpower measures the computing capacity of a miner or a network intended to process the cryptographic algorithms that secure and validate Bitcoin…
The hash rate that measures the computing power of the Bitcoin network grew 2% compared to last month. The statistics linked to BTC mining indicate a complex moment for this activity. The Bitcoin (BTC) mining industry is going through a complex period, with profitability falling for the third consecutive month in September, according to a…
Key facts: The Antminer L9 has a large processing capacity, 17.6 GH/s. Mining from MinandoVoy hosting in Dubai increases profitability. MinandoVoy, the company specialized in the sale of cryptocurrency mining equipment, launches the new Antminer L9, a cryptocurrency mining equipment that has positioned itself as one of the most profitable on the market. This device…
Key facts: Hashrate measures the processing power of miners to work on the Bitcoin network. These are the companies CleanSpark, Riot Platforms and Compass Mining. While the hashrate As Bitcoin (BTC) remains close to its all-time high (ATH), mining companies of this crypto asset are forced to increase their processing capacity to remain competitive and…
Key facts: The United States’ openness to mining contrasts with China’s semi-clandestine nature. The Czech Republic and Japan follow the two powers with 1% and 2% respectively. The United States is increasingly casting a larger shadow over China’s mining industry, which now accounts for 53% of the total Bitcoin hashrate. This narrowing of the gap…
