Bitcoin Miners On The Defensive: Market Uncertainty Spurs Revenue Diversifica...
Bitcoin mining operators are exploring diversification strategies as they anticipate digital asset volatility ahead of next year’s halving, according to insights from industry analyst Anthony Power. The halving, which occurs approximately every four years, involves a reduction in the reward miners receive for adding new blocks to the blockchain. This impending event has prompted miners […]
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Ethereum Miners Continue To Surpass Bitcoin Miners In Revenue Ethereum miners continue to outpace bitcoin miners in terms of revenue. The second-largest cryptocurrency by market cap has now proven that it is a better bet when it comes to crypto mining, making it a more profitable venture for miners. At various times in the past, […]
Miners of both Bitcoin and Ethereum are still thriving regardless of the crypto winter. The revenue generated by Ethereum miners surpasses that of Bitcoin miners, according to the 2022 record. The growth of the miners is quite surprising given the increase in the cost of electricity. But all that might come crashing down very soon. There’s growing concern that the upcoming merge will put ETH miners out of their jobs. This can be traced to the effect of the asset’s merge on the operational mechanism of the network. Related Reading: TA – Polkadot Price Shows Strength, Eyes $10....
While some have compared Bitcoin to a tool of war, it is more like a defensive weapon that protects those who use it from authoritarianism and overreach.
Despite the recent increase in mining difficulty, Bitcoin miners still see a 31% uptick in revenue as hashrate recovery continues. Bitcoin Miners Enjoy 31% Surge In Revenue Over the past couple of months, BTC’s global mining hashrate collapsed as China ramped up its crackdowns on BTC mining. China was a host to many big mining […]
After the continuous sink in the mining profitability of both digital assets year-on-year, Bitcoin miners have been set back to seats as Ethereum miners consecutively surpassed them in mining revenue and recorded a gap of $224 million in April 2022. This month was not so good for Bitcoin miners as they were able to generate around $1.16 billion only. Notably, this figure is down by $44 million from the previous month’s mining revenue of Bitcoin. The last month saw $1.7 billion in recorded income. Related Reading | TA: Ethereum Bears Aim Big After Recent Breakdown Below $2.5K....