Is Crypto Mining Dead?

crypto mining

The question on the minds of many enthusiasts and industry observers is, is crypto mining dead? In this article, we’ll thoroughly examine the factors that have shaped the crypto mining industry, explore its current status, and discuss whether it’s fair to declare crypto mining “dead” in today’s rapidly evolving environment. Cryptocurrency mining, often considered a …

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Bitcoin Network Hits 75% Progress Towards Next Reward Halving


At 11:06 a.m. Eastern Time (ET) on April 29, 2023, at block height 787,500, the number of blocks left to discover until the next Bitcoin blockchain halving is now fewer than 52,500 blocks. This means the network has progressed 75% through the 210,000-block halving cycle, which will ultimately result in a reduction of the block

Public miners increased Bitcoin production, hash rate in January


Core Scientific, Riot, and CleanSpark led the way in increasing Bitcoin production in January helped by better weather conditions and stable electricity prices. The first production update of 2023 from publicly listed Bitcoin (BTC) mining companies shows a steady increase in hash rate and a surge in BTC production compared to the previous month, according

Bitcoin mining pool reports $3M cyberattack$3m-cyberattack, the seventh-largest Bitcoin mining pool, said that its client fund services are unaffected by the recent $3 million cyberattack. Major cryptocurrency mining pool has suffered a cyberattack resulting in a significant loss of funds by the company and its experienced a cyberattack on Dec. 3, with attackers stealing around $700,000 in client

Record hash rates may see Big Oil become a major BTC mining player


Big Oil’s influence over the Bitcoin network is growing stronger due to surging hash rates and distressed mining companies. Surging Bitcoin (BTC) network hash rates are causing problems for mining companies but might be rolling out the red carpet for energy giants.The Bitcoin hash rate, the amount of computing power given to the blockchain through

3 charts showing this Bitcoin price drop is unlike summer 2021


Bitcoin looks like a different planet this year, according to several popular on-chain metrics. Bitcoin (BTC) bear markets come in many shapes and sizes, but this one has given many reason to panic.BTC has been described as facing “a bear of historic proportions” in 2022, but just one year ago, a similar feeling of doom…

Bitcoin daily mining revenue slumped in May to eleven-month low


Bitcoin miners have had a tough month, with revenue and profitability tanking in May. Hash rates remain high, however. Bitcoin (BTC) mining revenue and profitability have continued to slide along with the asset’s price this year as the crypto winter deepens.May has been one of the worst months for Bitcoin miners in the past year…

How Bitcoin Fixes The Impact Of Illegal Gold Mining In The Amazon


Illegal gold miners will cease their operations when gold is no longer as valued as bitcoin, solving the destruction of ecosystems in the Amazon.Puerto Maldonado in Peru’s Madre de Dios province feels like a frontier town. Dusty streets, ramshackle buildings, new construction and the hustle and bustle of people who want to make it. Tourists…

I Wandered Lonely As A Bitcoin Mining Investor


This Christmas, enjoy a poem that shows the transformation of the bitcoin mining investment sector.I wandered lonely as an investorThat floated around the mining sectorFirst came Hut 8, Riot, Argo and HiveBarely struggling to remain aliveWaiting for them to have bloomed2021 was the year they moonedAlong came Marathon, DMG and BitfarmsThese new names had their…

Bitcoin Is Seperate From “Crypto”


The difference between the two is becoming more and more apparent as bitcoin is poised to challenge the world’s monetary system.The below article was originally published in Marty’s Bent Issue #1069: “Bitcoin Is Separate From ‘Crypto'”There are many out there who believe that Bitcoin falls under the “crypto” umbrella. This could not be further from…

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