As of December 24, bitcoin's 2024 return was 113%, but the stock prices of most miners failed to capitalize on the cryptocurrency's rise and ended the year in the negative According to

Hashrate Index and Google Finance, listed miners ended 2024 in the negative for most of them, with a drop of 84%. Of the 25 miners listed in the
index, only seven made investors a profit last year. At the time of writing, Bitdea (BTDR) is up 167%, Cipher (CIFR) is up 33%, Hat8 (HUT) is up 91%, Iris Energy (IREN) is up 72%, Northern Data (NB2) is up 58%, #Core Scientific (CORZQ) is up 327%, and TerraWolf (WULF) is up 169%.
Meanwhile, Argo Blockchain (ARB) is down 84%, Sphere 3D (ANY) is down 69%, MARA Holdings (MARA) is down 12%, HIVE (HIVE) is down 29% and Greeridge (GREE) is down 74%, BitFarms (BITF) is down 44%, BitFU (FUFU) is down 18%, etc.
Overall, 2024 will be a year of adjustment for #bitcoin #mining companies as they focus on reducing fees, increasing costs, and finding new revenue streams to sustain their businesses. Since the inception of the network
miners have earned a total of more than $71 billion, but roughly every four years, an event occurs that halves the revenue from mining new blocks. Most recently, in April, the value of bitcoin plummeted and miners' rewards dropped from 6.25 #BTC to 3.125 BTC.
According to Blockchain. com, as of Dec. 22, miners earned $42 million, down from more than $100 million in April.
Meanwhile, the complexity of creating new blocks on the bitcoin blockchain has doubled since last year, adding pressure to the rising operating costs associated with bitcoin mining. The average difficulty level for bitcoin is now 108.52, up from 72.01 a year ago, reflecting a 50.71% increase over the past 12 months.
Increased operating costs have also driven up the cost of mining. For example, BitFuFu reported a 168 percent increase in bitcoin mining costs to $51,887 per BTC, as well as a 62.5 percent increase in mining capacity.

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#CryptoAdoption

Another major cryptocurrency company buys bitcoin for about $100 million

Hut 8, a well-known #bitcoin #mining company, has made a major investment by buying 990 bitcoins worth about $100 million
The purchase, with an average price per coin of 101,710, has significantly increased the company's bitcoin holding of over 10,000 BTC worth about $1 billion. With this strategic move, Hut 8 has become one of the top 10 largest bitcoin holdings of institutional investors.
the Miami-based company is not just utilizing its growing bitcoin holdings for storage, but also employing various financial strategies, including options and other derivatives, to generate profits. Asher Genuth, CEO of Hut 8, explained that large holdings will not only strengthen the company's financial position, but also lower its cost of capital. He hinted at future acquisitions if market conditions prove favorable for further acquisitions.
This move follows the launch of Hut 8's $500 million equity program to support bitcoin purchases and other strategic investments. The mining industry is following a similar strategy, with companies such as Riot Platforms and MARA Holdings adding bitcoin to their balance sheets.
Hut 8's approach reflects a growing trend in the mining sector. Bitcoin is no longer seen simply as a commodity to be mined, but as a versatile financial asset that can support a range of strategies to enhance returns Genoot believes that their bitcoin stocks offer not just potential price appreciation, but sustainable returns. They noted that they are part of a broader financial ecosystem designed to generate
SHARE: El Salvador recently added $1 million in bitcoins to its strategic bitcoin reserve, just one day after signing a $1.4 billion loan agreement with the International Monetary Fund (IMF).
U. S.
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#DigitalCurrency #BlockchainFuture #transscreen.ru

Get ready, Not Pixel miners! A special "Time-Limited Check" is dropping on December 16th, a quick and easy task designed to ensure a fair and authentic mining experience for all participants.
What's a "Time-Limited Check"?
It's a simple, no-stress task that will appear on December 16th.
This check serves as an extra filter to weed out any illegitimate activity, such as bots, and maintain a level playing field for all genuine miners.
The task itself is incredibly easy to complete. However, all participants must complete it on time. Don't miss out on this essential step in the Not Pixel mining journey!
Mining Ends on December 20th
Remember, the Not Pixel mining phase is coming to an end on December 20th. Make sure to maximize your mining efforts before the deadline.
Stay tuned for further updates and announcements regarding the Time-Limited Check and the upcoming Not Pixel developments.
What are your thoughts on the upcoming Time-Limited Check and the approaching mining deadline for Not Pixel? Share your strategies, tips, and any questions you have in the comments below! Let's discuss and support each other as we navigate this exciting phase.

Disclaimer: This information is for general knowledge and informational purposes only. It does not constitute financial, investment, or other professional advice.
#NotPixel #TimeLimitedCheck #Mining #Binance

Despite his misgivings, Nakamoto believed that bitcoin's efficiency would surpass traditional finance.

The email provided a broader vision of #bitcoin and suggested possible uses beyond money.
Nakamoto feared that presenting bitcoin as an investment would attract unwanted attention.
Recently published emails from the early days of bitcoin offer a glimpse into the mind of its enigmatic creator, Satoshi Nakamoto. Published by Martia Marmy, a key figure in the development of bitcoin, the emails reveal Nakamoto's foresight about the potential power the #cryptocurrency would require and his fear of legal scrutiny.
The letters, dating back to 2009, were made public as part of a lawsuit against Craig Wright, who claims to be Nakamoto. While the legality of the lawsuit is still being debated, the emails provide valuable insight into the early development and challenges bitcoin faced.
One key point is Nakamoto's perception of the power consumption inherent in Bitcoin's proof-of-work (PoW) consensus mechanism. PoW, necessary to protect the network and prevent double-spending, requires significant computing power, raising concerns about its environmental impact.
Recognizing these concerns, Nakamoto argued that bitcoin's power consumption is less than the inefficiencies of the traditional banking system. He envisioned bitcoin replacing "billions of dollars of bank fees" and resource-intensive infrastructure with a more efficient system.
Satoshi believed that bitcoin #mining would be less energy-intensive than the traditional banking system.
Interestingly, the letter also reveals that Nakamoto saw bitcoin not only as a financial instrument, but also from a broader perspective. He saw bitcoin as a "decentralized, secure time information provider" that could time-stamp any information with a few lines of code. This suggests that he envisioned potential uses for bitcoin beyond the monetary sphere.

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#CryptoTrends #MarketInsights

In a recent dialogue, Jack Dorsey and Luke Dashjr shared their perspectives on the development and future direction of Bitcoin. According to Dashjr, #Bitcoin has transformed from a simple project into a serious initiative. Dorsey supported this view, emphasizing Bitcoin's resilience and sophistication over time. Both appreciated the community's ability to identify and address new challenges.
Dorsey's Vision: Bitcoin as a Catalyst for Global Peace and Energy Abundance
Dorsey believes that Bitcoin has the potential to contribute to global peace and energy abundance. The conversation also focused on the current state of Bitcoin mining. Dashjr described the #mining situation as problematic, with a small number of entities controlling the blockchain. Dorsey noted that systemic incentives lead to centralization, complicating the decentralization of mining.
Addressing the Issue of Centralization in Bitcoin Mining
Ocean Mining: The Key to Decentralization of Mining
Dorsey stated that Ocean Mining represents a solution for the decentralization of mining. It aims to restore a decentralized mining process, enabling miners to create blocks independently of mining pools. Dashjr highlighted Ocean's methods for a more transparent and efficient mining process.
Bitcoin Mining in Africa and the Developing World
Dorsey also pointed out the possibilities of Bitcoin mining in Africa and developing countries. He introduced initiatives like Gridless, which utilize renewable energy sources for mining while also providing electricity to local communities.
Dispelling Myths about Bitcoin Mining
Dorsey focused on clarifying misconceptions about mining, emphasizing the importance and energy efficiency of the process. Dashjr emphasized the importance of running full nodes for network security. Dorsey concluded the discussion by highlighting the need for more use cases of Bitcoin, particularly in the areas of remittances and as a store of value.
$BTC
#blockchain #crypto

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Gold vs. bitcoin: which is better for storage?

Meanwhile, #bitcoin supply is dwindling and gold risks becoming oversupplied in the coming years; after the April 20 "halving" event, #BTC shortages will become even more pronounced in the coming years.
Since its launch, the bitcoin network has cut its daily #issuance to miners in half. In its fifth phase, the network issues 3.125 BTC to successful miners or #mining pools every 10 minutes. This figure is 50% lower than in the fourth period, when the reward was 6.25 BTC per block.
Gold and bitcoin are generally considered safe assets. However, over the last century, gold has become the preferred store of value for banks and countries due to its scarcity. Almost every central bank in the world keeps gold as a reserve.
However, Mr. Wu believes that gold holders will face a difficult situation in the coming years as new supplies flood the market due to technological advances that have increased the pace of production.
Mr. Wu is a supporter of bitcoin. Bitcoin is a digital asset that is considered digital gold due to its predetermined and transparent issuance schedule. According to Mr. Wu, traditional gold investors are unaware that the yellow metal is a "slow-moving carpet" that will rise over the next decade.
Is BTC ready for a sharp rise?
In another post on the site, X Wu argues that the bitcoin price ratio suggests that the coin is poised for a mega-reversal: despite bitcoin soaring to $73,800 in March 2024, the rally hasn't even started yet, the analyst continues.
The jump in the value of the coin beyond the previous all-time high of $70,000 was an aberration from past performance.
However, history shows that even if prices continue to rise further in the current period, new all-time highs will be reached according to Wu's predictions.

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#TokenEconomy

In Russia, cryptocurrencies are becoming increasingly utilized, as confirmed by a prominent Moscow scientist. Evgeny Kogan, a professor of economic sciences at the National Research University Higher School of Economics, stated in an interview with Coinspot media that interest in digital currencies in the country has significantly increased in recent years.
Crypto in Russia: Increasing Adoption
According to Kogan, the number of people in Russia using Bitcoin and other cryptocurrencies for their transactions is on the rise. "Cryptocurrencies are slowly but surely becoming an integral part of our daily lives, with some individuals already preferring them as their method of payment," Kogan noted.
Despite the growing interest in cryptocurrencies, the majority of the population remains skeptical, viewing them as potentially risky or associated with financial frauds, especially pyramid schemes.
Recent findings from the central bank reveal that most financial frauds uncovered last year were related to cryptocurrencies. Kogan pointed out that only a small fraction of the Russian population, less than 1%, actively uses digital tokens, and only 3% are familiar with blockchain technology.
The Higher School of Economics is increasingly focusing on the study of cryptocurrencies and regulation in this sector. It recently introduced a study proposing a solution to the problem of increased energy load caused by cryptocurrency mining, particularly in Siberia, where they suggest periodically disconnecting miners from the electrical grid.
Cryptocurrency Regulation in Russia: A Long Road Ahead?
Although cryptocurrencies are gaining popularity in Russia, regulation of this sector is still in its infancy. The government estimates that up to 10% of Russians now own some form of cryptocurrency, partly as a result of Western sanctions complicating traditional financial transactions.
The eastern regions of the country have become a significant player in the cryptocurrency mining industry, taking advantage of low electricity costs and cold climate conditions. Additionally, some companies are using cryptocurrencies as an alternative means of payment outside traditional banking systems, such as outside the SWIFT network.
Despite promises from politicians to expedite the legislative process concerning cryptocurrencies, there has yet to be any voting on specific bill proposals that would regulate this sector.
#crypto #Russia #mining

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“