“Miners are selling” is a popular trope used to explain bitcoin’s occasional downward price action. But on-chain data doesn’t support this narrative, according to analysts and mining pools themselves. After… Read more »
Bitcoin miners representing roughly 91% of the network’s hashpower have demonstrated support for Bitcoin’s biggest upgrade in years, Taproot. These activation methods vary the length of time required and whether… Read more »
The recent euphoria in cryptocurrencies morphed into a severe sell-off, as bitcoin prices dove 12% on Monday, which would be the most for a single calendar day since March. Prices for… Read more »
Bitcoin (BTC) mining difficulty is set to rise by roughly 11% on Jan. 9, according to data from BTC.com. This marks the biggest increase in nearly four months that will… Read more »
China has the largest concentration of bitcoin miners worldwide with estimates noting the country captures anywhere between 50-65% of the global hashrate. Xinjiang, the autonomous region of the People’s Republic… Read more »
On December 28, the publicly listed firm Marathon Patent Group announced the purchase of 70,000 Antminer S19 bitcoin miners from Bitmain for $170 million. Marathon expects the shipments to complete… Read more »
Bitcoin miners used to be the biggest cryptocurrency dumpers when its price traded near all-time highs. Nevertheless, their sentiment has changed drastically in the latest price rally. Data fetched from… Read more »
The National Superintendency of Crypto Assets (Sunacrip) and the National Electricity Corporation of Venezuela (Corpoelec) signed an agreement to establish guidelines to “improve the development” of bitcoin and other crypto… Read more »
While the bitcoin economy has swelled in value, the overall network hashrate has gradually climbed higher as miners are making a lot of money confirming blocks. However, obtaining bitcoin mining… Read more »
Key Takeaways Cryptocurrencies are currently trading at a discount of 2% to 3% in China. Bitcoin miners and traders are hesitant to use OTC platforms because they fear getting their… Read more »