The Infamous Cyclicality Of Bitcoin Mining: What Causes This?
The bitcoin mining cyclicality has been prominent for a while now. This has followed the different bull and bear cycles in the space. These cycles of abundance and lack have greatly impacted the profitability of these miners. So in this report, we take a look at this cyclicality and the factors that drive it. What […]
Related News
For the past year, bitcoin has shown a cyclicality that has been on a semi-regular basis. For most of last year, most months had finished in the positive with green candles dominating the market. However, while most of the months have been positive, there have been significant differences between the first half of the month and the second half. This push and pull pattern has continued into the new year, spelling some bad news for the end of February. Looking At Monthly Cyclicality Through 2021 Eight months out of the last 14 months have been recording positive returns mid-month. Across....
The state of New York is about to shoot itself in the foot yet again. First, the infamous BitLicense drew all cryptocurrency companies away and now they’re considering banning Proof-Of-Work mining. Or at least making it very hard for mining facilities and home miners to operate from the state. The New York State Assembly will […]
The Caribbean nation of Venezuela keeps registering firsts on the book. They have arguably the first-ever CBDC, the infamous Petro, and now this. The first-ever Bitcoin Mining Museum. And even though Bitcoin is barely 12 years old, the idea makes sense. Everything has been moving too fast in that arena, someone needs to register it […]
The infamous Internet meme “Pepe the Frog” will be immortalized in non-fungible token (NFT) collectible form by the frog’s original creator Matt Furie. Of course, Pepe has been featured in blockchain art before and a series of cards were created via Counterparty in 2016. However, despite the number of NFT rare Pepes on the web, Furie says when it comes to his famous frog, “Everything else is a bootleg.” Feels Good Man “Nothing beats the real thing,” the creator of the notorious Pepe the Frog Internet meme told the Washington Post (WP) this week.....
Welcome back to another Bitcoin News in Review, where we feature our top stories of the week here on CryptoCoins News. This week (11 May - 18 May) we looked at two of the biggest scams in the mining community, saw trouble at the Bitcoin Foundation, looked at some Dogecoin tidbits, and more. Be sure to check out our video and read the articles below on this Bitcoin News in Review. [youtube http://www.youtube.com/watch?v=kteZqvX4V3w?rel=0]. Butterfly Labs, LSM Labs, and Other Scams. CCN exposed the scam mining company - LSM Labs. The cryptocurrency mining industry is full of scams, with the....