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👷🏻♀️ #Bitcoin miner sell pressure is easing as $BTC withdrawals from miner-affiliated wallets have dropped 85% since the April halving.
The number of withdrawals fell from over 50,000 to under 10,000 per day.
#BitcoinMining #Mining #btcmining #TrendingTopic
The number of withdrawals fell from over 50,000 to under 10,000 per day.
#BitcoinMining #Mining #btcmining #TrendingTopic
Have a terrific Thursday
Beyond Bitcoin 💰
The bitcoin mining firm Marathon Digital is now expanding its mining efforts to the Layer-1 blockchain Kaspa to diversify its mining revenue.
The firm announced its involvement in mining Kaspa earlier today, stating that it first started mining the cryptocurrency in September 2023.
According to the announcement, Marathon has purchased 60 petahashes worth of hardware, capable of generating profit margins of up to 95%, where half of the machines are currently operational.
Once all of their machines are up and running, the firm predicts that their mining operations will represent 16% of Kaspa’s overall hash rate.
Over the past 10 months, Marathon has mined approximately 93M KAS, which is valued at around $15M.
Since the announcement, the price of KAS has risen by 4.6% from $0.168 to $0.176 today.
#BTC☀ #btcmining #MarathonDigitalHoldings #Squar2earn #squarecreator
Beyond Bitcoin 💰
The bitcoin mining firm Marathon Digital is now expanding its mining efforts to the Layer-1 blockchain Kaspa to diversify its mining revenue.
The firm announced its involvement in mining Kaspa earlier today, stating that it first started mining the cryptocurrency in September 2023.
According to the announcement, Marathon has purchased 60 petahashes worth of hardware, capable of generating profit margins of up to 95%, where half of the machines are currently operational.
Once all of their machines are up and running, the firm predicts that their mining operations will represent 16% of Kaspa’s overall hash rate.
Over the past 10 months, Marathon has mined approximately 93M KAS, which is valued at around $15M.
Since the announcement, the price of KAS has risen by 4.6% from $0.168 to $0.176 today.
#BTC☀ #btcmining #MarathonDigitalHoldings #Squar2earn #squarecreator
The Bitcoin mining industry reached a significant milestone today as it celebrates ten years since the launch of the first application-specific integrated circuit (ASIC).
#btcmining #mining #ASICMINER #asic #BTC
Bitcoin mining is verifying transactions on the blockchain by solving mathematical problems, rewarded with new bitcoins, requiring specialized hardware and high electricity costs.#Binance #BTC #btcmining #bitcoindifficulty #cryptoved
JUST IN: America's first nuclear powered
#Bitcoin mining farm goes online in
Pennsylvania #btcmining #bitcoinmining #BTC #bitcoin #cryptoved
#Bitcoin mining farm goes online in
Pennsylvania #btcmining #bitcoinmining #BTC #bitcoin #cryptoved
Marathon Records $686.7 Million Net Loss Despite 30% Increase In Mined Bitcoins In 2022
Marathon Digital Holdings, Inc. has released its financial and operational results for the fourth quarter and fiscal year 2022, which ended on December 31, 2022. Marathon is a leader in supporting and securing the Bitcoin ecosystem.
The company reported a net loss of $(686.7) million or $(6.05) per share for the fiscal year 2022, compared to a net loss of $(37.1) million or $(0.37) per share in the prior-year period. Unfavorable variances during the year compared to the prior year included several factors, such as a fourth-quarter impairment charge related to the carrying value of mining rigs and advances to vendors of $332.9 million, declines in the carrying value of digital assets of $317.6 million, lower total margin of $150.4 million, impairments related to the previously disclosed Compute North bankruptcy, and increased interest expense of $13.4 million.
Despite these challenges, the company achieved several operational milestones during the year, including doubling its hash rate to 7.0 exahashes of capacity year-over-year and producing a record 1,562 bitcoin in Q4. Marathon also increased its bitcoin production by 30% year-over-year, from 3,197 BTC in 2021 to 4,144 BTC in 2022.
Fred Thiel, Marathon’s chairman and CEO, acknowledged that 2022 was a challenging year for Bitcoin miners, but his team met each challenge head-on and emerged smarter and more resilient. Thiel cited several operational achievements during the year, including becoming more sustainably powered and deploying behind the meter at a large wind farm in Texas.
Thiel also acknowledged the negative impact of several factors on Marathon’s financial performance in 2022, such as accelerated costs related to the company’s exit from Hardin and the Compute North bankruptcy, and most significantly, a 64% decline in the price of Bitcoin that reduced Marathon’s margin and resulted in impairment charges for its Bitcoin holdings.
Despite these challenges, Marathon took proactive measures in the latter half of 2022 to strengthen its balance sheet, including fully paying down its outstanding balances under the revolving line of credit in December 2022 and terminating its credit facilities with Silvergate Bank in February 2023, which resulted in the release of 3,132 bitcoin that were previously held as collateral.
Looking ahead to 2023, Marathon has two primary goals: to energize its previously purchased mining rigs to reach its target of 23 exahashes by the middle of this year and to optimize its performance by becoming more effective. Marathon believes that these strategic actions have bolstered its financial position and will continue providing the company with optionality, which it believes is essential given the current environment.
#bitcoin #azcoinnews #BTC #Bitcoinmining #btcmining
This article was republished from azcoinnews.com
The company reported a net loss of $(686.7) million or $(6.05) per share for the fiscal year 2022, compared to a net loss of $(37.1) million or $(0.37) per share in the prior-year period. Unfavorable variances during the year compared to the prior year included several factors, such as a fourth-quarter impairment charge related to the carrying value of mining rigs and advances to vendors of $332.9 million, declines in the carrying value of digital assets of $317.6 million, lower total margin of $150.4 million, impairments related to the previously disclosed Compute North bankruptcy, and increased interest expense of $13.4 million.
Despite these challenges, the company achieved several operational milestones during the year, including doubling its hash rate to 7.0 exahashes of capacity year-over-year and producing a record 1,562 bitcoin in Q4. Marathon also increased its bitcoin production by 30% year-over-year, from 3,197 BTC in 2021 to 4,144 BTC in 2022.
Fred Thiel, Marathon’s chairman and CEO, acknowledged that 2022 was a challenging year for Bitcoin miners, but his team met each challenge head-on and emerged smarter and more resilient. Thiel cited several operational achievements during the year, including becoming more sustainably powered and deploying behind the meter at a large wind farm in Texas.
Thiel also acknowledged the negative impact of several factors on Marathon’s financial performance in 2022, such as accelerated costs related to the company’s exit from Hardin and the Compute North bankruptcy, and most significantly, a 64% decline in the price of Bitcoin that reduced Marathon’s margin and resulted in impairment charges for its Bitcoin holdings.
Despite these challenges, Marathon took proactive measures in the latter half of 2022 to strengthen its balance sheet, including fully paying down its outstanding balances under the revolving line of credit in December 2022 and terminating its credit facilities with Silvergate Bank in February 2023, which resulted in the release of 3,132 bitcoin that were previously held as collateral.
Looking ahead to 2023, Marathon has two primary goals: to energize its previously purchased mining rigs to reach its target of 23 exahashes by the middle of this year and to optimize its performance by becoming more effective. Marathon believes that these strategic actions have bolstered its financial position and will continue providing the company with optionality, which it believes is essential given the current environment.
#bitcoin #azcoinnews #BTC #Bitcoinmining #btcmining
This article was republished from azcoinnews.com
Just In 😍: #Binance is excited to announce the launch of our latest Cloud Mining products for #BTC mining.
Don't miss out on the opportunity to earn rewards through our Cloud Mining subscription.
#CloudMining #btcmining
Don't miss out on the opportunity to earn rewards through our Cloud Mining subscription.
#CloudMining #btcmining
See original
#Sharing mining on Binance turns out there is a double bonus.
Those who register using my ref, I'll tell you how to mine BTC + get ELA coins
REGISTER
https://accounts.binance.info/id/register?ref=CVA0L4FF
Ref code
CVA0L4FF
And there are still many benefits that can be obtained on Binance
-Launchpool can deposit FDUSD OR BNB, you'll get coins later
-USDT apr can be up to 30%, up and down, for example, saving 10,000 USDT a day can get $5 more
What I told you is above 0% risk so it's safe.
You can ++ anyway. Hopefully it will be useful, thank you 🙏🙏🙏
$BTC $ETH $BNB
#Write2Earn #mining #btcmining #nambangbtc #googledetec
Those who register using my ref, I'll tell you how to mine BTC + get ELA coins
REGISTER
https://accounts.binance.info/id/register?ref=CVA0L4FF
Ref code
CVA0L4FF
And there are still many benefits that can be obtained on Binance
-Launchpool can deposit FDUSD OR BNB, you'll get coins later
-USDT apr can be up to 30%, up and down, for example, saving 10,000 USDT a day can get $5 more
What I told you is above 0% risk so it's safe.
You can ++ anyway. Hopefully it will be useful, thank you 🙏🙏🙏
$BTC $ETH $BNB
#Write2Earn #mining #btcmining #nambangbtc #googledetec
Bitcoin mining rate hits all-time high amid record-breaking prediction for 2024
Buy bitcoin six months before a halving has historically been a good trading strategy,’ one analyst notes. ‘The next halving is April 2024
Bitcoin is trading at its highest level in more than 18 months, with its price up more than 100 per cent since the start of 2023.
The rally has pushed bitcoin’s market cap above $700 billion and the overall crypto market close to $1.5 trillion. The figure is still a long way from its all-time high of around $3 trillion, which was reached at the end of 2021, however some crypto analysts believe the recent gains are the beginning of another record-breaking run.
Bitcoin’s hash rate – which denotes how much computing power is required to verify transactions and generate new units of the cryptocurrency through a process called mining – hit a record high this week, according to data from Blockchain.com.
This signals a resilient network, with hopes of future price gains attracting an increasing number of miners. Recent reports have revealed significant investment in cryptocurrency mining from both state-backed and commercial ventures.
#BTC #BitcoinMiningRevenue #btcmining $BTC
Buy bitcoin six months before a halving has historically been a good trading strategy,’ one analyst notes. ‘The next halving is April 2024
Bitcoin is trading at its highest level in more than 18 months, with its price up more than 100 per cent since the start of 2023.
The rally has pushed bitcoin’s market cap above $700 billion and the overall crypto market close to $1.5 trillion. The figure is still a long way from its all-time high of around $3 trillion, which was reached at the end of 2021, however some crypto analysts believe the recent gains are the beginning of another record-breaking run.
Bitcoin’s hash rate – which denotes how much computing power is required to verify transactions and generate new units of the cryptocurrency through a process called mining – hit a record high this week, according to data from Blockchain.com.
This signals a resilient network, with hopes of future price gains attracting an increasing number of miners. Recent reports have revealed significant investment in cryptocurrency mining from both state-backed and commercial ventures.
#BTC #BitcoinMiningRevenue #btcmining $BTC
NEWS!
Norway Considers Regulating Crypto Mining for Environmental Reasons
Norway is taking steps to address the environmental impact of data centers, including some crypto-mining operations. While not a complete ban, new regulations aim to ensure data centers prioritize activities that align with Norway's clean energy goals. The country's abundant hydropower remains a valuable resource but with a focus on sustainable practices
#MiningMadeEasy #btcmining
Norway Considers Regulating Crypto Mining for Environmental Reasons
Norway is taking steps to address the environmental impact of data centers, including some crypto-mining operations. While not a complete ban, new regulations aim to ensure data centers prioritize activities that align with Norway's clean energy goals. The country's abundant hydropower remains a valuable resource but with a focus on sustainable practices
#MiningMadeEasy #btcmining
ANALYSIS: Countries with lowest and highest electricity cost for mining #BTC — Coingecko.
#btcmining
#btcmining
#btcmining get 4 times your #btc within 1 month, 48 times one year, withdraw every day.
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The best mining platform I've ever been on. from 6.66% to 11% daily.
The steps:
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#btc withdrawal proofs!
already 5 withdrawals within less than a month, as you can see.
The best mining platform I've ever been on. from 6.66% to 11% daily.
The steps:
1. click https://www.minethrive.com/?ref=MG1E1Pvn
to register and start mining for free (1.5 th/s) limited
2. upgrade and withdraw unlimitedly
one-click withdrawal.
🚀 $BTC mining hits a 2023 record!
⛏ On Nov 12, #Miners earned $44M+ in rewards and fees - the highest daily revenue since April 2022.
#BitcoinMining #btcmining #mining #BitcoinMiningRevenue
⛏ On Nov 12, #Miners earned $44M+ in rewards and fees - the highest daily revenue since April 2022.
#BitcoinMining #btcmining #mining #BitcoinMiningRevenue
Best laptops for mining: top notebooks for mining cryptocurrencies
Best laptops for mining: top notebooks for mining cryptocurrencies
The best laptops for mining prove that you don’t need a gigantic setup if you’re trying to mine for cryptocurrencies. You can actually use a laptop and to help you pick the right one, we’ve collected our top picks that are ideal for the job.
If you’re looking for something more portable than a mining PC, you don’t want to just grab an expensive gaming laptop. There are a few things to consider. To start, you need to decide which cryptocurrency you plan on mining. Make sure that whichever crypto you have your sights on is worth mining since some have died off and spending all that money on a mining laptop and electricity may not be worth it. Also keep in mind that some are much easier to mine on a portable, such as Zcash and Ethereum to name a few, than others such as Bitcoin.
Before you press that buy button, consider the warranty of the mining laptop you’re getting. You’re going to put it through a strenuous and constant workload to mine and you want to make sure that your investment doesn’t burst into flames. You’ll find that one year warranty is pretty standard these days.
At this point, you might be saying, “Hold on, why even use a laptop for mining?” Fair question. Well, the best mining laptops will be much more compact and portable than a traditional mining rig, so you can get some mining done on the road, without having to travel in a caravan. Also, laptops are more available with an included GPU which is easier than trying to find a mining GPU for a desktop build. Read on to find the best mining laptops on the market in 2022.
The best mining laptops at a glance
Why you can trust TechRadar We spend hours testing every product or service we review, so you can be sure you’re buying the best. Find out more about how we test.
Dell G5 15 5000 Gaming Laptop
Razer Blade 15 Base Gaming Laptop
Razer Blade 15 Advanced Gaming Laptop
MSI GE75 Raider Gaming
Dell XPS 15
HP Pavilion 15
ASUS ROG Strix G15 Gaming Laptop
Asus ROG Zephyrus G15 Ultra Slim Gaming Laptop
1. Dell G5 15 5000 Gaming Laptop
A powerful laptop for mining
SPECIFICATIONS
CPU: 10th Gen Intel 6-Core i7-10750HGraphics: Nvidia GeForce RTX 2060 6GBRAMRAM: 16GB DDR4, up to 32GBScreen: 15.6-inch, Full HDStorage: 1 TB SSD
REASONS TO BUY
+Fantastic value
+Solid graphics
REASONS TO AVOID
-Price
Gaming laptops make for great mining laptops because they feature powerful GPUs that can boost your mining results. This makes the Dell G5 15 5000 Gaming Laptop a great option for anyone looking to mine while on the go. This laptop offers fantastic value for the money, especially compared to similar gaming laptops. The NVIDIA GeForce RTX 2060 with 6GB GDDR6 Dedicated Graphics Memory is a good performer when it comes to mining, and it’s backed up aptly by the hexa core Intel Core i7 processor. The Wi-Fi is also 6th generation 802.11ax for a solid wireless connection.
2. Razer Blade 15 Base Gaming Laptop
Mining with style
SPECIFICATIONS
CPU: Intel Core i7-10750H 6 CoreGraphics: NVIDIA GeForce RTX 3060RAM: 16GBScreen: 15.6-inch FHDStorage: 512GB SSD
Today's Best Deals
Check Amazon
REASONS TO BUY
+Tons of GPU power
+Stylish
REASONS TO AVOID
-Expensive
If you’re looking for the best laptop for mining, you’ve likely had your eyes on a bunch of thick, bulky behemoths. But, these days, you can get a huge amount of performance out of a thin and light gaming machine like the Razer Blade. Packed with Nvidia GeForce RTX 3060 graphics and a Core i7 processor, you’ll be able to make your ROI in no time. Just be ready for that hefty price tag.
3. Razer Blade 15 Advanced Gaming Laptop
Finally, a desktop replacement with portability in mind
SPECIFICATIONS
CPU: Intel Core i7-10875H 8-CoreGraphicsGraphics: NVIDIA GeForce RTX 3070RAM: 16GBScreen: 15.6” QHD 240HzStorage: 1 TB SSD
Today's Best Deals
US$1,999.99
at Amazon
REASONS TO BUY
+Serious performance
+A desktop experience you can carry
REASONS TO AVOID
-Off-putting price
-Short battery life
Razer has finally brought us a full desktop replacement that doesn’t look like a desktop replacement. Coming in at just 0.7 inches thick and providing a 4K panel, the Razer Blade 15 Advanced Gaming Laptop also brings serious power in a manageable package. And, when it comes to mining, this is a great choice, as it features a powerful GPU, combined with a great processor and plenty of RAM.
4. MSI GE75 Raider Gaming
Big, powerful, expensive
SPECIFICATIONS
CPU: 10th gen i7-10750HGraphics: Nvidia GeForce RTX2060 6GB RAMRAM: 16GBScreen: 17.3-FHD 144HzStorage: 512GB SSD+1TB HDD
TODAY'S BEST DEALS
Check Amazon
REASONS TO BUY
+Incredibly powerful
+Larger display
REASONS TO AVOID
-Less than portable
If you’re still trying to mine cryptocurrencies, you’re going to need something incredibly powerful, as it’s getting harder and harder to make a buck. Luckily, the MSI GE75 Raider Gaming has all the power you could hope for in a laptop – as long as you have the space. This is a gigantic desktop replacement laptop with all the horsepower that brings. Just don’t expect to be able to travel with this thing easily.
5. Dell XPS 15
A good, portable, mining laptop
SPECIFICATIONS
CPU: 10th Generation Intel Core i7-10750HGraphics: NVIDIA Geforce GTX 1650 TiRAM: 16GB DDR4-2933MHzScreen: 15.6 FHD+ (1920 x 1200) InfinityEdge Non-Touch Anti-Glare 500-Nit DisplayStorage: 512GB M.2 PCIe NVMe SSD
TODAY'S BEST DEALS
View at Amazon
View at Amazon
REASONS TO BUY
+Amazing power
+Sublime screen
+Slim design
REASONS TO AVOID
-Poor webcam
The fantastic Dell XPS 15 is great for mining, thanks to its discrete GPU. Plus, it has a stylish, ultra-portable design, so it can easily be carried around with you if you need to get some mining done while traveling. Also, the machined aluminum exterior provides a premium feel to this stylish laptop.
For More Next Post: #googleai #BinanceTournament #btcmining
The best laptops for mining prove that you don’t need a gigantic setup if you’re trying to mine for cryptocurrencies. You can actually use a laptop and to help you pick the right one, we’ve collected our top picks that are ideal for the job.
If you’re looking for something more portable than a mining PC, you don’t want to just grab an expensive gaming laptop. There are a few things to consider. To start, you need to decide which cryptocurrency you plan on mining. Make sure that whichever crypto you have your sights on is worth mining since some have died off and spending all that money on a mining laptop and electricity may not be worth it. Also keep in mind that some are much easier to mine on a portable, such as Zcash and Ethereum to name a few, than others such as Bitcoin.
Before you press that buy button, consider the warranty of the mining laptop you’re getting. You’re going to put it through a strenuous and constant workload to mine and you want to make sure that your investment doesn’t burst into flames. You’ll find that one year warranty is pretty standard these days.
At this point, you might be saying, “Hold on, why even use a laptop for mining?” Fair question. Well, the best mining laptops will be much more compact and portable than a traditional mining rig, so you can get some mining done on the road, without having to travel in a caravan. Also, laptops are more available with an included GPU which is easier than trying to find a mining GPU for a desktop build. Read on to find the best mining laptops on the market in 2022.
The best mining laptops at a glance
Why you can trust TechRadar We spend hours testing every product or service we review, so you can be sure you’re buying the best. Find out more about how we test.
Dell G5 15 5000 Gaming Laptop
Razer Blade 15 Base Gaming Laptop
Razer Blade 15 Advanced Gaming Laptop
MSI GE75 Raider Gaming
Dell XPS 15
HP Pavilion 15
ASUS ROG Strix G15 Gaming Laptop
Asus ROG Zephyrus G15 Ultra Slim Gaming Laptop
1. Dell G5 15 5000 Gaming Laptop
A powerful laptop for mining
SPECIFICATIONS
CPU: 10th Gen Intel 6-Core i7-10750HGraphics: Nvidia GeForce RTX 2060 6GBRAMRAM: 16GB DDR4, up to 32GBScreen: 15.6-inch, Full HDStorage: 1 TB SSD
REASONS TO BUY
+Fantastic value
+Solid graphics
REASONS TO AVOID
-Price
Gaming laptops make for great mining laptops because they feature powerful GPUs that can boost your mining results. This makes the Dell G5 15 5000 Gaming Laptop a great option for anyone looking to mine while on the go. This laptop offers fantastic value for the money, especially compared to similar gaming laptops. The NVIDIA GeForce RTX 2060 with 6GB GDDR6 Dedicated Graphics Memory is a good performer when it comes to mining, and it’s backed up aptly by the hexa core Intel Core i7 processor. The Wi-Fi is also 6th generation 802.11ax for a solid wireless connection.
2. Razer Blade 15 Base Gaming Laptop
Mining with style
SPECIFICATIONS
CPU: Intel Core i7-10750H 6 CoreGraphics: NVIDIA GeForce RTX 3060RAM: 16GBScreen: 15.6-inch FHDStorage: 512GB SSD
Today's Best Deals
Check Amazon
REASONS TO BUY
+Tons of GPU power
+Stylish
REASONS TO AVOID
-Expensive
If you’re looking for the best laptop for mining, you’ve likely had your eyes on a bunch of thick, bulky behemoths. But, these days, you can get a huge amount of performance out of a thin and light gaming machine like the Razer Blade. Packed with Nvidia GeForce RTX 3060 graphics and a Core i7 processor, you’ll be able to make your ROI in no time. Just be ready for that hefty price tag.
3. Razer Blade 15 Advanced Gaming Laptop
Finally, a desktop replacement with portability in mind
SPECIFICATIONS
CPU: Intel Core i7-10875H 8-CoreGraphicsGraphics: NVIDIA GeForce RTX 3070RAM: 16GBScreen: 15.6” QHD 240HzStorage: 1 TB SSD
Today's Best Deals
US$1,999.99
at Amazon
REASONS TO BUY
+Serious performance
+A desktop experience you can carry
REASONS TO AVOID
-Off-putting price
-Short battery life
Razer has finally brought us a full desktop replacement that doesn’t look like a desktop replacement. Coming in at just 0.7 inches thick and providing a 4K panel, the Razer Blade 15 Advanced Gaming Laptop also brings serious power in a manageable package. And, when it comes to mining, this is a great choice, as it features a powerful GPU, combined with a great processor and plenty of RAM.
4. MSI GE75 Raider Gaming
Big, powerful, expensive
SPECIFICATIONS
CPU: 10th gen i7-10750HGraphics: Nvidia GeForce RTX2060 6GB RAMRAM: 16GBScreen: 17.3-FHD 144HzStorage: 512GB SSD+1TB HDD
TODAY'S BEST DEALS
Check Amazon
REASONS TO BUY
+Incredibly powerful
+Larger display
REASONS TO AVOID
-Less than portable
If you’re still trying to mine cryptocurrencies, you’re going to need something incredibly powerful, as it’s getting harder and harder to make a buck. Luckily, the MSI GE75 Raider Gaming has all the power you could hope for in a laptop – as long as you have the space. This is a gigantic desktop replacement laptop with all the horsepower that brings. Just don’t expect to be able to travel with this thing easily.
5. Dell XPS 15
A good, portable, mining laptop
SPECIFICATIONS
CPU: 10th Generation Intel Core i7-10750HGraphics: NVIDIA Geforce GTX 1650 TiRAM: 16GB DDR4-2933MHzScreen: 15.6 FHD+ (1920 x 1200) InfinityEdge Non-Touch Anti-Glare 500-Nit DisplayStorage: 512GB M.2 PCIe NVMe SSD
TODAY'S BEST DEALS
View at Amazon
View at Amazon
REASONS TO BUY
+Amazing power
+Sublime screen
+Slim design
REASONS TO AVOID
-Poor webcam
The fantastic Dell XPS 15 is great for mining, thanks to its discrete GPU. Plus, it has a stylish, ultra-portable design, so it can easily be carried around with you if you need to get some mining done while traveling. Also, the machined aluminum exterior provides a premium feel to this stylish laptop.
For More Next Post: #googleai #BinanceTournament #btcmining
hi Guys,
#bigalert About $BTC Miners
Hello Pal Announces 12-Month High Crypto Mining Revenue of $1.82 Million
While the crypto industry is reeling from the aftereffects of the Iran attack on Israel over the past weekend, Hello Pal, a popular social messaging app with several arms of businesses, announced its crypto mining unit witnessed significant revenue growth over the past 12 months.
According to an official press release, the monthly revenue generated from the company’s crypto mining business has ranged from 170,000 Canadian dollars to 317,000 in the past 12 months, with March recording the highest figure.
The company made 2.5 million Canadian dollars worth approximately $1.82 million from mining Dogecoin (DOGE) and Litecoin (LTC) in total. Hello Pal said that electricity contributed around 30% of the revenue.
#bitcoinhalving #minning #btcmining #Write2Earrn
#bigalert About $BTC Miners
Hello Pal Announces 12-Month High Crypto Mining Revenue of $1.82 Million
While the crypto industry is reeling from the aftereffects of the Iran attack on Israel over the past weekend, Hello Pal, a popular social messaging app with several arms of businesses, announced its crypto mining unit witnessed significant revenue growth over the past 12 months.
According to an official press release, the monthly revenue generated from the company’s crypto mining business has ranged from 170,000 Canadian dollars to 317,000 in the past 12 months, with March recording the highest figure.
The company made 2.5 million Canadian dollars worth approximately $1.82 million from mining Dogecoin (DOGE) and Litecoin (LTC) in total. Hello Pal said that electricity contributed around 30% of the revenue.
#bitcoinhalving #minning #btcmining #Write2Earrn
Cryptoverse: Bitcoin miners make money ahead of 'halving'
Bitcoin miners are making hay while the sun shines.
The business has been yanked out of the doldrums by the cryptocurrency's recent rally - and now mining companies are racing to lock in profits before bitcoin's "halving", when rewards for producing the tokens are cut in half.
The next halving is expected in April 2024, a process designed to slow the release of bitcoin, whose supply is capped at 21 million - of which 19 million have already been mined.
"You're seeing a lot of urgency to plug rigs in ahead of the halving," said Gregory Lewis, analyst at brokerage BTIG that covers the 13 biggest U.S.-listed bitcoin miners.
Bitcoin's hashrate - a measure of the computational power needed to mine a coin - has spiked to an all-time high, according to crypto platform Blockchain.com. That means miners are having to use more and more power and speed to crack the complex maths puzzles that earn them a bitcoin.
Bitcoin has risen about 37% in the past month to around $37,000 after months of listlessness, a rebound that's encouraged miners to hook up their powerful computers to crack the puzzles and sell newly minted coins.
The 30-day average of revenue earned by miners has improved steadily this year to hit a 18-month at $32.46 million on Nov. 11, blockchain.com data shows.
However, mining - a highly energy-intensive process - is still not as profitable as in its 2021 heyday.
A measure of miners' earnings from using 1 petahash per second of computing power in a day has risen to over $81 from $70 at the start of November but remains well below a peak of $127 in early May, according to mining data platform Hashrate Index.
#BitcoinMining #mining #btcmining
$BTC $ETH $SOL
Bitcoin miners are making hay while the sun shines.
The business has been yanked out of the doldrums by the cryptocurrency's recent rally - and now mining companies are racing to lock in profits before bitcoin's "halving", when rewards for producing the tokens are cut in half.
The next halving is expected in April 2024, a process designed to slow the release of bitcoin, whose supply is capped at 21 million - of which 19 million have already been mined.
"You're seeing a lot of urgency to plug rigs in ahead of the halving," said Gregory Lewis, analyst at brokerage BTIG that covers the 13 biggest U.S.-listed bitcoin miners.
Bitcoin's hashrate - a measure of the computational power needed to mine a coin - has spiked to an all-time high, according to crypto platform Blockchain.com. That means miners are having to use more and more power and speed to crack the complex maths puzzles that earn them a bitcoin.
Bitcoin has risen about 37% in the past month to around $37,000 after months of listlessness, a rebound that's encouraged miners to hook up their powerful computers to crack the puzzles and sell newly minted coins.
The 30-day average of revenue earned by miners has improved steadily this year to hit a 18-month at $32.46 million on Nov. 11, blockchain.com data shows.
However, mining - a highly energy-intensive process - is still not as profitable as in its 2021 heyday.
A measure of miners' earnings from using 1 petahash per second of computing power in a day has risen to over $81 from $70 at the start of November but remains well below a peak of $127 in early May, according to mining data platform Hashrate Index.
#BitcoinMining #mining #btcmining
$BTC $ETH $SOL
Bitcoin mining reaches new peak with 5.07% increase in mining difficulty to record 67.96 T
Bitcoin mining has reached a new zenith with the recent mining difficulty adjustment at block height 818496, marking a significant milestone for the digital currency.
This adjustment raised the mining difficulty by 5.07% to a record high of 67.96 T (terahashes). Alongside this, the current average hashrate, a measure of the computational power of the Bitcoin network, stands impressively at 504.80 EH/s (exahashes per second).
#BTC #mining #BitcoinMining #btcmining #BitcoinMiningRevenue
$BTC $SHIB $XRP
Bitcoin mining has reached a new zenith with the recent mining difficulty adjustment at block height 818496, marking a significant milestone for the digital currency.
This adjustment raised the mining difficulty by 5.07% to a record high of 67.96 T (terahashes). Alongside this, the current average hashrate, a measure of the computational power of the Bitcoin network, stands impressively at 504.80 EH/s (exahashes per second).
#BTC #mining #BitcoinMining #btcmining #BitcoinMiningRevenue
$BTC $SHIB $XRP
𝐑𝐞𝐜𝐞𝐧𝐭 𝗖𝗿𝘆𝗽𝘁𝗼 𝗠𝗶𝗻𝗲𝗿'𝘀 𝗜𝗻𝗳𝗹𝗼𝘄𝘀, 𝗢𝘂𝘁𝗳𝗹𝗼𝘄𝘀, 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗕𝗧𝗖 𝗠𝘆𝘀𝘁𝗲𝗿𝘆 🎩
➡️ Miners received approximately 36,000 BTC while experiencing an outflow of 16,000 BTC from their reserves simultaneously.
➡️ The origin of the 16,000 BTC is uncertain: it could be a bilateral deal or a transfer to a cryptocurrency exchange (CEX).
➡️ Recent trends show an increase in BTC going to CEX, with a net inflow of 6,300 BTC compared to outflows over the past week.
#BTC #bitcoin #miners #btcmining #crypto
➡️ Miners received approximately 36,000 BTC while experiencing an outflow of 16,000 BTC from their reserves simultaneously.
➡️ The origin of the 16,000 BTC is uncertain: it could be a bilateral deal or a transfer to a cryptocurrency exchange (CEX).
➡️ Recent trends show an increase in BTC going to CEX, with a net inflow of 6,300 BTC compared to outflows over the past week.
#BTC #bitcoin #miners #btcmining #crypto
