The Popularity Of Retail Bitcoin Mining Is Surging
Despite the bitcoin price remaining far from its all-time high, social data demonstrates that retail interest in mining bitcoin is surging.Some social data suggests that bitcoin mining is more popular than ever among retail participants as a surge in interest that started early last year continues, despite a market downtrend. Bitcoin is currently trading roughly 50% lower than its latest all-time high of around $69,000, set in early November 2021. But even with bitcoin’s steady price decline over the past few months, certain online communities are buzzing with novice and seasoned miners....
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Bitcoin retail buying rates have been surging in recent times. These metrics show how much Bitcoin retail investors are buying and at what prices they are purchasing these tokens. Now, this metric had hit a previous all-time high in 2017/2018 right at the peak of the bull market at that point. Since the same thing is happening once more and retail investors are ramping up purchases, it remains to see whether this will correlate with another bull rally that sends the digital asset towards a new all-time high. Retail Investors Ramp Up In a chart that was posted to Twitter, market analyst....
The New York City Bitcoin Center on 40 Broad Street - just one hundred feet away from the New York Stock Exchange - is more than just home to bitcoin-related events now. The center is entering the world of retail. Yes, retail. The organization today announced that they'll be serving as a the sole retail location for CoinTerra's TerraMiner IV device in a partnership that will allow New Yorkers to easily pick up a miner (provided they have the money to pay for it, of course). "We are delighted that CoinTerra, America's leading Bitcoin mining hardware company, has chosen Bitcoin Center NYC,....