Bitcoin Miners Are Bleeding: This Is Why You Should Be Paying Attention

As we are all aware of, if you want to keep on mining in the Bitcoin universe, you'll need an ASIC miner sooner or later, if you want to be profitable that is. We've been through a passage of USB ASIC miners (the Block Erupters) which are now rapidly declining in price. It has recently come to my attention that there are 2 new ASIC's announced, which are supposedly in stock. That is something you don't see too often (but it has happened before). So let's take a look at these two new Bitcoin ASIC's, shall we? First up, we have the Red Fury USB miner. Yes, that's right, a new USB miner.....

Chainlink has been struggling. The altcoin market is brutal. And quietly, the largest players in the market appear to have started paying attention to LINK in a way they are not paying attention to everything else. Related Reading: Bitmine Just Locked $340M More In Ethereum – Supply Keeps Shrinking Analyst Darkfost has identified a pattern […]

The Energy Secretary of Argentina eliminated power subsidies for cryptocurrency miners, raising the cost of energy to almost 4x what the miners were paying before. The measure affects customers of the wholesale power market in the Tierra del Fuego province, one of the provinces more notably occupied by miners in the country due to its specific climate characteristics. Argentina Eliminates Subsidies for Cryptocurrency Mining The government of Argentina has eliminated the subsidies that applied to power used by cryptocurrency miners. This is the decision that the Energy Secretary....

On October 6, Bitcoin.com mining pool officially mined its 10th block after securing nearly 1% of global hashrate. Its founder Roger Ver noted that Bitcoin.com has been paying its miners around 6% more than other major pools. The emergence of the Bitcoin.com mining pool and its 1% global hashrate holds more significance than others may imagine, considering their stance on the Bitcoin block size debate. Importance of Bitcoin.com’s Rising Hahsrate. Bitcoin Unlimited, a project designed to hard fork the Bitcoin network for scalability, allows miners and node operators to decide their own....

Bitcoin is struggling to hold above $70,000. Days of trying to defend $65,000 have given way to a fragile recovery that the market does not yet trust. A top CryptoQuant analyst has identified the structural reason why — and it has nothing to do with sentiment, ETF flows, or macroeconomic headlines. Related Reading: $410 Million […]