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Bitcoin miners continue to increase capacity despite slowing pre-halving transaction fee surgeCipher Mining and Stronghold Digital Mining have expanded their Bitcoin operations amid volatile trading fees and the looming halving event. Cipher Mining and Stronghold Digital kicked off the new year by announcing significant expansions of their Bitcoin mining capabilities, scaling up operations in response to changing market dynamics. These developments come as Bitcoin miners adapt to a changing environment in which transaction fees are increasingly important for revenue generation, supported by new technologies such as Inscription. Bitcoin transaction fees peaked at nearly $40 in mid-December, leading to an increase in miner revenue, suggesting Bitcoin is a potential safe haven ahead of the 2024 halving.

Bitcoin miners continue to increase capacity despite slowing pre-halving transaction fee surge

Cipher Mining and Stronghold Digital Mining have expanded their Bitcoin operations amid volatile trading fees and the looming halving event.

Cipher Mining and Stronghold Digital kicked off the new year by announcing significant expansions of their Bitcoin mining capabilities, scaling up operations in response to changing market dynamics. These developments come as Bitcoin miners adapt to a changing environment in which transaction fees are increasingly important for revenue generation, supported by new technologies such as Inscription.
Bitcoin transaction fees peaked at nearly $40 in mid-December, leading to an increase in miner revenue, suggesting Bitcoin is a potential safe haven ahead of the 2024 halving.
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New Arkansas legislation specifically targets Bitcoin miners, introducing targeted state taxesBitcoin miners are facing increasing regulatory scrutiny due to the energy-intensive nature of their operations. The Arkansas Senate has passed legislation to impose fees on cryptocurrency miners in response to excessive energy consumption in Bitcoin mines, the Arkansas Times reported on April 15. The proposed legislation introduces a tiered fee structure for the nascent industry. Miners with energy usage between 1 MW and 2.49 MW will be charged $25,000. Miners with energy usage between 2.5 MW and 4.99 MW will face a $50,000 fee. Miners using 5 MW to 10 MW will incur a $75,000 fee, while miners over 10 MW will pay $100,000.

New Arkansas legislation specifically targets Bitcoin miners, introducing targeted state taxes

Bitcoin miners are facing increasing regulatory scrutiny due to the energy-intensive nature of their operations.
The Arkansas Senate has passed legislation to impose fees on cryptocurrency miners in response to excessive energy consumption in Bitcoin mines, the Arkansas Times reported on April 15.
The proposed legislation introduces a tiered fee structure for the nascent industry. Miners with energy usage between 1 MW and 2.49 MW will be charged $25,000. Miners with energy usage between 2.5 MW and 4.99 MW will face a $50,000 fee. Miners using 5 MW to 10 MW will incur a $75,000 fee, while miners over 10 MW will pay $100,000.
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🔍 In August, the computing power of Bitcoin miners increased, but the miners’ income hit a new low! 🚨 Recently, there have been some noteworthy changes in the Bitcoin mining community. First, although the computing power of Bitcoin miners increased in August, the price of Bitcoin did not rise significantly, which caused the profits of miners to fall to record lows in the first half of August. If this trend continues, those mining companies that mismanage their funds may be at risk of being eliminated. Some market analysts also believe that as less efficient miners gradually withdraw, it may pave the way for the next round of rise in Bitcoin prices. In addition, it is worth noting that U.S. Bitcoin miners currently account for 26% of the global computing power, a proportion that has reached a record high in the U.S. Bitcoin mining industry. As the presidential campaign promotes Bitcoin-related issues, the US market is expected to become more friendly towards cryptocurrencies. Coupled with the increase in hash rate this month, it is predicted that the United States will account for 10% of global Bitcoin mining in the future. Share is also likely to continue to grow. However, the decline in miner income may also bring some knock-on effects. For example, since the Bitcoin halving, the output of new coins has decreased. If the currency price continues to not rise, miners' profits will be greatly discounted, which makes miners with poor financial conditions face greater operating pressure. Although we have discussed the possibility of mining company closures before, we have not yet seen large-scale miners exit the market. Therefore, the next few weeks will be very critical, and we will need to pay close attention to whether there are any news about the collapse of large mining companies because they cannot continue to operate. If this happens, the Bitcoin market may be at risk of one last major decline, which is a key factor that all investors need to pay attention to. 💬What are your views on the decline in Bitcoin miner income and the increase in US miner computing power? In the current market environment, do you think investors should buy aggressively or appropriately adjust their investment strategies? Share your views in the comment section! #比特币矿工 #加密货币动态 #比特币价格 #投资策略
🔍 In August, the computing power of Bitcoin miners increased, but the miners’ income hit a new low! 🚨

Recently, there have been some noteworthy changes in the Bitcoin mining community. First, although the computing power of Bitcoin miners increased in August, the price of Bitcoin did not rise significantly, which caused the profits of miners to fall to record lows in the first half of August.

If this trend continues, those mining companies that mismanage their funds may be at risk of being eliminated. Some market analysts also believe that as less efficient miners gradually withdraw, it may pave the way for the next round of rise in Bitcoin prices.

In addition, it is worth noting that U.S. Bitcoin miners currently account for 26% of the global computing power, a proportion that has reached a record high in the U.S. Bitcoin mining industry. As the presidential campaign promotes Bitcoin-related issues, the US market is expected to become more friendly towards cryptocurrencies. Coupled with the increase in hash rate this month, it is predicted that the United States will account for 10% of global Bitcoin mining in the future. Share is also likely to continue to grow.

However, the decline in miner income may also bring some knock-on effects. For example, since the Bitcoin halving, the output of new coins has decreased. If the currency price continues to not rise, miners' profits will be greatly discounted, which makes miners with poor financial conditions face greater operating pressure. Although we have discussed the possibility of mining company closures before, we have not yet seen large-scale miners exit the market.

Therefore, the next few weeks will be very critical, and we will need to pay close attention to whether there are any news about the collapse of large mining companies because they cannot continue to operate. If this happens, the Bitcoin market may be at risk of one last major decline, which is a key factor that all investors need to pay attention to.

💬What are your views on the decline in Bitcoin miner income and the increase in US miner computing power? In the current market environment, do you think investors should buy aggressively or appropriately adjust their investment strategies? Share your views in the comment section!

#比特币矿工 #加密货币动态 #比特币价格 #投资策略
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Is the BTC price bottoming out? ETF buying will be a key forceAuthor: SoSoValue Research Today, after the price of Bitcoin quickly fell below the previous important support level of $56,000, it became difficult to continue to make investment judgments from a traditional technical perspective. Where is the bottom of this round of decline? It has become the most concerned issue for all investors. Whenever the market encounters such a large panic moment, let us use the first principles and return to the basic mechanism of price formation, the analysis of the supply and demand relationship of Bitcoin. We hope that by studying the status and motivation of buyers and sellers, we can unravel the mystery and help investors find the best buying point in this round in a market full of different opinions and emotions.

Is the BTC price bottoming out? ETF buying will be a key force

Author: SoSoValue Research
Today, after the price of Bitcoin quickly fell below the previous important support level of $56,000, it became difficult to continue to make investment judgments from a traditional technical perspective. Where is the bottom of this round of decline? It has become the most concerned issue for all investors. Whenever the market encounters such a large panic moment, let us use the first principles and return to the basic mechanism of price formation, the analysis of the supply and demand relationship of Bitcoin. We hope that by studying the status and motivation of buyers and sellers, we can unravel the mystery and help investors find the best buying point in this round in a market full of different opinions and emotions.
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Has Bitcoin pricing power shifted from computing power to Wall Street? Spot ETFs can move freely, and the power of miners has become history!Between the coming and going of the Bitcoin spot ETF, the SEC has successfully grasped the market sentiment. People's focus has focused on BlackRock and the long-short war, but the sorrow of the miners has been ignored. Perhaps they themselves are still immersed in the fiery and inscription. In the laughter of cashing out coins. Unlike when Ethereum switched to PoS, miners were unable to resist, and projects such as ETHW eventually came to nothing. The power of the trinity of Bitcoin mining machine manufacturers + miners + mining pools is not weak. In the past block expansion war and the recent In the Inscription War, miners have no less power over Bitcoin than Bitcoin manufacturers and the core development team.

Has Bitcoin pricing power shifted from computing power to Wall Street? Spot ETFs can move freely, and the power of miners has become history!

Between the coming and going of the Bitcoin spot ETF, the SEC has successfully grasped the market sentiment. People's focus has focused on BlackRock and the long-short war, but the sorrow of the miners has been ignored. Perhaps they themselves are still immersed in the fiery and inscription. In the laughter of cashing out coins.

Unlike when Ethereum switched to PoS, miners were unable to resist, and projects such as ETHW eventually came to nothing. The power of the trinity of Bitcoin mining machine manufacturers + miners + mining pools is not weak. In the past block expansion war and the recent In the Inscription War, miners have no less power over Bitcoin than Bitcoin manufacturers and the core development team.
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🌟 Marathon Digital's Bitcoin Hoarding and Ark Fund's Bold US Stock Investment! 🚀 💼 Marathon Digital, as one of the world's largest Bitcoin mining giants. The 2,282 bitcoins they hoarded in July were worth $124 million, which was not only a huge investment, but also a powerful display of market confidence. As of August 6, Marathon Digital's Bitcoin holdings have reached 20,818, with a total value of approximately $1.14 billion. 🛒 At the same time, Wood Sister's Ark Fund is not to be outdone, and has recently bought a large number of Coinbase and Robinhood shares. On Coinbase, ARK Fund spent $17.8 million to buy Coinbase (COIN) shares, the first purchase since June 6, 2023. From $58 per share at the time to the current share price of 195 yuan per share, Coinbase's stock price has soared 230% in the past year or so, which is also tripled! 📈 At the same time, ARK Fund also bought $11.2 million worth of Robinhood (HOOD) shares. As a cryptocurrency-friendly exchange, Robinhood also provides 24-hour US stock trading. Although Robinhood suspended US stock trading for 8 hours during the sharp market fluctuations the day before yesterday, which disappointed users! But it is worth affirming that Robinhood is still an innovation-oriented company. 🔑 These actions of ARK Fund are not only a recognition of the performance of Coinbase and Robinhood, but also an affirmation of the booming development of the entire cryptocurrency market. At the same time, Marathon Digital's hoarding behavior and Ark Fund's stock investment may indicate the market's re-evaluation and revaluation of cryptocurrency-related assets. 💬 What do you think of these actions of Marathon Digital and Ark Fund? Will they affect your investment strategy in the cryptocurrency market? In terms of cryptocurrency investment, do you prefer long-term holding or short-term trading? #比特币矿工 #Ark基金 #加密货币股票 #加密货币投资 #市场趋势
🌟 Marathon Digital's Bitcoin Hoarding and Ark Fund's Bold US Stock Investment! 🚀

💼 Marathon Digital, as one of the world's largest Bitcoin mining giants. The 2,282 bitcoins they hoarded in July were worth $124 million, which was not only a huge investment, but also a powerful display of market confidence. As of August 6, Marathon Digital's Bitcoin holdings have reached 20,818, with a total value of approximately $1.14 billion.

🛒 At the same time, Wood Sister's Ark Fund is not to be outdone, and has recently bought a large number of Coinbase and Robinhood shares. On Coinbase, ARK Fund spent $17.8 million to buy Coinbase (COIN) shares, the first purchase since June 6, 2023. From $58 per share at the time to the current share price of 195 yuan per share, Coinbase's stock price has soared 230% in the past year or so, which is also tripled!

📈 At the same time, ARK Fund also bought $11.2 million worth of Robinhood (HOOD) shares. As a cryptocurrency-friendly exchange, Robinhood also provides 24-hour US stock trading. Although Robinhood suspended US stock trading for 8 hours during the sharp market fluctuations the day before yesterday, which disappointed users! But it is worth affirming that Robinhood is still an innovation-oriented company.

🔑 These actions of ARK Fund are not only a recognition of the performance of Coinbase and Robinhood, but also an affirmation of the booming development of the entire cryptocurrency market. At the same time, Marathon Digital's hoarding behavior and Ark Fund's stock investment may indicate the market's re-evaluation and revaluation of cryptocurrency-related assets.

💬 What do you think of these actions of Marathon Digital and Ark Fund? Will they affect your investment strategy in the cryptocurrency market? In terms of cryptocurrency investment, do you prefer long-term holding or short-term trading?

#比特币矿工 #Ark基金 #加密货币股票 #加密货币投资 #市场趋势
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🤑After staying in the currency circle for a long time, these numbers have become numb. Compared with several large institutions, mining income is really high! 🤑 100X community news: Head of Digital Assets at Ark Invest: Bitcoin miners’ cumulative revenue is close to $60 billion 🛫 On January 24, Yassine Elmandjra, head of digital assets at Ark Invest, said that the cumulative income of Bitcoin miners has reached nearly 60 billion US dollars, and the growth and scale of Bitcoin cannot be underestimated. In addition, Yassine Elmandjra also said that the total annual income of Bitcoin miners now exceeds that of many global listed companies, such as Spotify, eBay, Hermes, Chipotle, Hertz and Hilton. #挖矿 #比特币矿工 #ARK $BTC
🤑After staying in the currency circle for a long time, these numbers have become numb. Compared with several large institutions, mining income is really high! 🤑

100X community news:
Head of Digital Assets at Ark Invest: Bitcoin miners’ cumulative revenue is close to $60 billion 🛫

On January 24, Yassine Elmandjra, head of digital assets at Ark Invest, said that the cumulative income of Bitcoin miners has reached nearly 60 billion US dollars, and the growth and scale of Bitcoin cannot be underestimated. In addition, Yassine Elmandjra also said that the total annual income of Bitcoin miners now exceeds that of many global listed companies, such as Spotify, eBay, Hermes, Chipotle, Hertz and Hilton.

#挖矿 #比特币矿工 #ARK $BTC
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