bitcoinmining
133,065 views
98 Discussing
Hot
Latest
Bitfarms Eyes AI Market: A Game-Changer for Bitcoin Mining?
Bitfarms Expands Beyond Bitcoin Mining
In a bold move, publicly traded Bitcoin mining giant Bitfarms is setting its sights on the booming artificial intelligence (AI) and high-performance computing (HPC) industries. This shift signals a growing trend among crypto miners seeking alternative revenue streams in the face of increasing market challenges.
Strategic Partners for a Smart Transition
To explore opportunities in AI and HPC, Bitfarms has enlisted two leading consulting firms:
š¹ Appleby Strategy Group ā Experts in corporate growth and strategic expansion.
š¹ World Wide Technology ā A global leader in digital transformation and enterprise technology.
By leveraging the expertise of these firms, Bitfarms aims to diversify its business model beyond Bitcoin mining and tap into the lucrative AI infrastructure sector.
Why AI? The Future of Computing
The AI industry is experiencing unprecedented growth, with demand for high-performance computing (HPC) skyrocketing. As AI models become more sophisticated, they require massive computing power, something Bitcoin miners are uniquely positioned to provide.
By pivoting to AI, Bitfarms can:
ā Maximize hardware utilization beyond crypto mining.
ā Increase revenue streams amid Bitcoin market fluctuations.
ā Future-proof its business model as AI adoption accelerates.
The Bigger Picture: A Trend Among Bitcoin Miners
Bitfarms isn't alone in this transition. Other major Bitcoin miners are exploring AI, cloud computing, and HPC as alternative business avenues. This strategy could reshape the mining industry, making it less dependent on crypto price volatility.
With the AI sector projected to be worth $1.8 trillion by 2030, Bitfarmsā move could be a game-changer for its long-term growth.
Final Thoughts
Bitfarms' potential expansion into AI and HPC highlights a significant evolution in the crypto mining space. As Bitcoin miners adapt to changing market conditions, the fusion of blockchain and artificial intelligence may pave the way for a new era of digital innovation.
$SOL
$XRP
$BTC
#BitcoinMining #AIRevolution #bitcoin #BTCčµ°åæåę #AI
In a bold move, publicly traded Bitcoin mining giant Bitfarms is setting its sights on the booming artificial intelligence (AI) and high-performance computing (HPC) industries. This shift signals a growing trend among crypto miners seeking alternative revenue streams in the face of increasing market challenges.
Strategic Partners for a Smart Transition
To explore opportunities in AI and HPC, Bitfarms has enlisted two leading consulting firms:
š¹ Appleby Strategy Group ā Experts in corporate growth and strategic expansion.
š¹ World Wide Technology ā A global leader in digital transformation and enterprise technology.
By leveraging the expertise of these firms, Bitfarms aims to diversify its business model beyond Bitcoin mining and tap into the lucrative AI infrastructure sector.
Why AI? The Future of Computing
The AI industry is experiencing unprecedented growth, with demand for high-performance computing (HPC) skyrocketing. As AI models become more sophisticated, they require massive computing power, something Bitcoin miners are uniquely positioned to provide.
By pivoting to AI, Bitfarms can:
ā Maximize hardware utilization beyond crypto mining.
ā Increase revenue streams amid Bitcoin market fluctuations.
ā Future-proof its business model as AI adoption accelerates.
The Bigger Picture: A Trend Among Bitcoin Miners
Bitfarms isn't alone in this transition. Other major Bitcoin miners are exploring AI, cloud computing, and HPC as alternative business avenues. This strategy could reshape the mining industry, making it less dependent on crypto price volatility.
With the AI sector projected to be worth $1.8 trillion by 2030, Bitfarmsā move could be a game-changer for its long-term growth.
Final Thoughts
Bitfarms' potential expansion into AI and HPC highlights a significant evolution in the crypto mining space. As Bitcoin miners adapt to changing market conditions, the fusion of blockchain and artificial intelligence may pave the way for a new era of digital innovation.
$SOL
$XRP
$BTC
#BitcoinMining #AIRevolution #bitcoin #BTCčµ°åæåę #AI
š #Grayscale Launches Bitcoin Miners ETF (MNRS) - A Game Changer for Crypto Investors?
Grayscale has officially announced the Grayscale Bitcoin Miners ETF (MNRS), a passively managed fund tracking the Indxx Bitcoin Miners Index. This ETF provides exposure to leading BTC mining companies, including:
š¹ Marathon Holdings (MARA) ā 16.9%
š¹ Riot Platforms (RIOT) ā 12.1%
š¹ Core Scientific (CORZ) ā 9.33%
š¹ CleanSpark (CLSK) ā 4.86%
š¹ IREN ā 4.43%
š” According to David LaValle, Global Head of ETFs at Grayscale, BTC miners are well-positioned for growth as Bitcoin adoption increases, making MNRS a strong option for investors looking to capitalize on the crypto mining boom.
Crypto ETFs Are Expanding Rapidly
Bitwise just received SEC approval for a joint spot Bitcoin and Ethereum ETF, offering exposure to both assets.
Tuttle Capital filed for 10 leveraged crypto ETFs, further diversifying investment opportunities.
Bitwise also filed for a Spot Dogecoin (DOGE) ETF, reflecting the growing institutional interest in meme coins.
š Grayscaleās Expansion Continues:
Grayscale already manages major spot ETFs like GBTC, $BTC , ETHE, and $ETH Mini Trust, and has now filed for spot Litecoin (LTC) and Solana ($SOL ) ETFs.
š Will MNRS attract massive institutional demand, or is it launching too late?
#CryptoETFs #BitcoinMining #MNRS #Grayscale
Grayscale has officially announced the Grayscale Bitcoin Miners ETF (MNRS), a passively managed fund tracking the Indxx Bitcoin Miners Index. This ETF provides exposure to leading BTC mining companies, including:
š¹ Marathon Holdings (MARA) ā 16.9%
š¹ Riot Platforms (RIOT) ā 12.1%
š¹ Core Scientific (CORZ) ā 9.33%
š¹ CleanSpark (CLSK) ā 4.86%
š¹ IREN ā 4.43%
š” According to David LaValle, Global Head of ETFs at Grayscale, BTC miners are well-positioned for growth as Bitcoin adoption increases, making MNRS a strong option for investors looking to capitalize on the crypto mining boom.
Crypto ETFs Are Expanding Rapidly
Bitwise just received SEC approval for a joint spot Bitcoin and Ethereum ETF, offering exposure to both assets.
Tuttle Capital filed for 10 leveraged crypto ETFs, further diversifying investment opportunities.
Bitwise also filed for a Spot Dogecoin (DOGE) ETF, reflecting the growing institutional interest in meme coins.
š Grayscaleās Expansion Continues:
Grayscale already manages major spot ETFs like GBTC, $BTC , ETHE, and $ETH Mini Trust, and has now filed for spot Litecoin (LTC) and Solana ($SOL ) ETFs.
š Will MNRS attract massive institutional demand, or is it launching too late?
#CryptoETFs #BitcoinMining #MNRS #Grayscale
BTC is world no 1 coin #bitcoin #bitcoinmining bitcoinnews Bitkel Bangali by Syed Shamsil Bitcoin & Crypto Bitcoin Magazine Bitcoin Center Crypto Currenchy Funder
$BTC
$BTC
Marathon and Hut 8 Scoop Up $1.6 Billion Worth of Bitcoin During Market Dip šš°
Bitcoin mining powerhouses, Marathon Digital Holdings and Hut 8, have taken full advantage of Bitcoin's recent market correction, making staggering investments in the cryptocurrency. Here's the breakdown of their bold moves:
Marathonās Massive Buy š¦
Marathon led the charge, securing 15,574 BTC at an average price of $98,529 per coin, for a total investment of approximately $1.53 billion.
Current Bitcoin Holdings: 44,394 BTC
Current Value: $4.45 billion (at Bitcoinās spot price of $100,151)
Ranking:
The second-largest publicly traded Bitcoin holder, only behind MicroStrategy, which has a mind-blowing stash of 439,000 BTC.
Hut 8 Steps Up š¼
Hut 8 wasnāt far behind, purchasing 990 BTC for $100 million, with an average price of $101,710 per Bitcoin.
Total Reserves: 10,096 BTC
Milestone: Hut 8 now holds more Bitcoin than Tesla and has become the fourth public company with over 10,000 BTC on its balance sheet.
Market Context šā”š
These strategic acquisitions came after Bitcoinās value dropped over 5%, triggered by a US Federal Reserve rate adjustment. The flagship cryptocurrency hit a low of $96,781 before rebounding to $98,750, as per CryptoSlate's data.
Why Does This Matter? š
Such significant purchases during a dip reflect the confidence of major players in Bitcoinās long-term potential. While the crypto market can be volatile, moves like these remind us that smart investors seize opportunities when others hesitate.
The Bigger Picture š
With these acquisitions, both Marathon and Hut 8 solidify their positions as leaders in the Bitcoin mining and holding ecosystem. Their bold strategies are paving the way for broader institutional adoption of crypto.
What do you think about these investments? Are they too risky, or will they pay off in the long run? Let me know your thoughts! šš„
#Bitcoin #Cryptocurrency #BTC #BitcoinMining
NOTE:
I requested people to join@Kaia Chain to win 400$.
join now
join now
Marathonās Massive Buy š¦
Marathon led the charge, securing 15,574 BTC at an average price of $98,529 per coin, for a total investment of approximately $1.53 billion.
Current Bitcoin Holdings: 44,394 BTC
Current Value: $4.45 billion (at Bitcoinās spot price of $100,151)
Ranking:
The second-largest publicly traded Bitcoin holder, only behind MicroStrategy, which has a mind-blowing stash of 439,000 BTC.
Hut 8 Steps Up š¼
Hut 8 wasnāt far behind, purchasing 990 BTC for $100 million, with an average price of $101,710 per Bitcoin.
Total Reserves: 10,096 BTC
Milestone: Hut 8 now holds more Bitcoin than Tesla and has become the fourth public company with over 10,000 BTC on its balance sheet.
Market Context šā”š
These strategic acquisitions came after Bitcoinās value dropped over 5%, triggered by a US Federal Reserve rate adjustment. The flagship cryptocurrency hit a low of $96,781 before rebounding to $98,750, as per CryptoSlate's data.
Why Does This Matter? š
Such significant purchases during a dip reflect the confidence of major players in Bitcoinās long-term potential. While the crypto market can be volatile, moves like these remind us that smart investors seize opportunities when others hesitate.
The Bigger Picture š
With these acquisitions, both Marathon and Hut 8 solidify their positions as leaders in the Bitcoin mining and holding ecosystem. Their bold strategies are paving the way for broader institutional adoption of crypto.
What do you think about these investments? Are they too risky, or will they pay off in the long run? Let me know your thoughts! šš„
#Bitcoin #Cryptocurrency #BTC #BitcoinMining
NOTE:
I requested people to join@Kaia Chain to win 400$.
join now
join now
Russia Says It Is Using Bitcoin for International Payments.
Russian businesses are using Bitcoin and other digital currencies for international transactions after legal changes aimed at countering Western sanctions, according to Finance Minister Anton Siluanov.
These sanctions have complicated trade with key partners like China and Turkey, as local banks avoid Russia-related transactions to sidestep Western scrutiny.
In response, Russia legalized the use of cryptocurrencies in foreign trade and is taking steps to regulate cryptocurrency mining, with the country being a global leader in Bitcoin mining.
"As part of the experimental regime, it is possible to use bitcoins, which we had mined here in Russia (in foreign trade transactions), Such transactions are already occurring. We believe they should be expanded and developed further. I am confident this will happen next year"
- Anton Siluanov -
Finance Minister of Russia
š·šŗ #bitcoinmining #bitcoin #cryptocurrency
#Crypto2025Trends $BTC $BTC $BTC
Russian businesses are using Bitcoin and other digital currencies for international transactions after legal changes aimed at countering Western sanctions, according to Finance Minister Anton Siluanov.
These sanctions have complicated trade with key partners like China and Turkey, as local banks avoid Russia-related transactions to sidestep Western scrutiny.
In response, Russia legalized the use of cryptocurrencies in foreign trade and is taking steps to regulate cryptocurrency mining, with the country being a global leader in Bitcoin mining.
"As part of the experimental regime, it is possible to use bitcoins, which we had mined here in Russia (in foreign trade transactions), Such transactions are already occurring. We believe they should be expanded and developed further. I am confident this will happen next year"
- Anton Siluanov -
Finance Minister of Russia
š·šŗ #bitcoinmining #bitcoin #cryptocurrency
#Crypto2025Trends $BTC $BTC $BTC
šØ Hut 8 ($HUT) bought $100M worth of Bitcoin, adding 990 BTC at an average price of $101,710.
They now hold 10,096 $BTC (~$1B).
The miner plans to use this reserve for options, pledges, or sales and may buy more BTC in the future.
#Hut8 #BitcoinMining
They now hold 10,096 $BTC (~$1B).
The miner plans to use this reserve for options, pledges, or sales and may buy more BTC in the future.
#Hut8 #BitcoinMining
See original
šØ Chokepoint 2.0: A Serious Threat to Bitcoin Mining? šØ
š The Biden administration is back in the spotlight! This time, with Operation Chokepoint 2.0, Bitcoin mining in the United States is facing major pressure. What does it mean?
š According to Brian Morgenstern of Riot Platforms, this initiative is like "cutting off the energy supply" to miners, just like the government's previous attempts to restrict certain sectors. There is even a threat of a 30% tax on the energy used!
š¤ Imagine, the CBDC white paper came out at the same time as this crackdown. Coincidence? Or a planned strategy to eliminate Bitcoin's dominance in the US?
šÆ What do you think? Is this a sign that the government is trying to control crypto even further? Comment below and let's discuss how this will impact the future of Bitcoin mining! š¬
#BitcoinMining #CryptoRegulation #OperationChokepoint $BTC
š The Biden administration is back in the spotlight! This time, with Operation Chokepoint 2.0, Bitcoin mining in the United States is facing major pressure. What does it mean?
š According to Brian Morgenstern of Riot Platforms, this initiative is like "cutting off the energy supply" to miners, just like the government's previous attempts to restrict certain sectors. There is even a threat of a 30% tax on the energy used!
š¤ Imagine, the CBDC white paper came out at the same time as this crackdown. Coincidence? Or a planned strategy to eliminate Bitcoin's dominance in the US?
šÆ What do you think? Is this a sign that the government is trying to control crypto even further? Comment below and let's discuss how this will impact the future of Bitcoin mining! š¬
#BitcoinMining #CryptoRegulation #OperationChokepoint $BTC
See original
š Bitcoin Miners Entering the Big League? š„
Michael Saylor just made a prediction that has the crypto industry abuzz! šÆ According to him, Bitcoin mining company MARA will be a strong candidate to enter the Nasdaq 100āthe top index of the traditional financial market.
What does it mean?
š Legitimacy: Crypto mining is no longer just an āexperiment,ā but a serious player in the mainstream financial world.
š New Access: Big investors from traditional markets can start to look deeper into the crypto sector.
š Milestone: If MARA enters, it will be a big moment for the digital currency ecosystem as a whole.
š” Imagine if a crypto-related company became part of the top 100 most influential companies in the financial world!
Ask yourself:
Is this a sign that Bitcoinās future is on Wall Street? š
Letās discuss! Do you think Saylorās prediction will come true? Drop your thoughts in the comments section! ā¬ļø
#CryptoNews #BitcoinMining #Nasdaq100 #DigitalAssets $BTC
Michael Saylor just made a prediction that has the crypto industry abuzz! šÆ According to him, Bitcoin mining company MARA will be a strong candidate to enter the Nasdaq 100āthe top index of the traditional financial market.
What does it mean?
š Legitimacy: Crypto mining is no longer just an āexperiment,ā but a serious player in the mainstream financial world.
š New Access: Big investors from traditional markets can start to look deeper into the crypto sector.
š Milestone: If MARA enters, it will be a big moment for the digital currency ecosystem as a whole.
š” Imagine if a crypto-related company became part of the top 100 most influential companies in the financial world!
Ask yourself:
Is this a sign that Bitcoinās future is on Wall Street? š
Letās discuss! Do you think Saylorās prediction will come true? Drop your thoughts in the comments section! ā¬ļø
#CryptoNews #BitcoinMining #Nasdaq100 #DigitalAssets $BTC
Mine Bitcoin on Your Phone (Is not Feasible Guys Do Not Follow Such Traps ) #Bitcoinmining #BÄ°NANCE #Bitcoinā $BTC
The Bitcoin network has just recorded another historic surge in hash rate, solidifying its position as the most secure blockchain in the crypto ecosystem. But what does this mean for investors and the future of Bitcoin?
What Is Bitcoin Hash Rate?
The hash rate measures the computational power miners use to process transactions and secure the Bitcoin network. A higher hash rate indicates increased miner participation, boosting the networkās security against potential attacks.
Why Is the Hash Rate Surging?
1. Bullish Sentiment: With Bitcoinās price gaining momentum, miners are scaling up operations to maximize profitability.
2. Technological Advances: New mining hardware with improved efficiency is driving more power into the network.
3. Global Mining Expansion: Countries like the U.S., Kazakhstan, and El Salvador are ramping up Bitcoin mining initiatives, contributing to the surge.
Implications for Investors
ā¢ Increased Network Security: A robust hash rate reduces the likelihood of a 51% attack, making Bitcoin a safer investment.
ā¢ Price Correlation: Historically, a rising hash rate often precedes a price rally, signaling confidence in Bitcoinās long-term potential.
ā¢ Mining Industry Growth: As hash rate climbs, opportunities in Bitcoin mining stocks and hardware manufacturing also increase.
The Bigger Picture
The latest hash rate surge highlights the resilience of Bitcoin amidst regulatory scrutiny and market volatility. Itās a clear signal that minersāand the broader crypto ecosystemāare here to stay.
Stay tuned for more updates as we watch Bitcoin evolve!
#Bitcoin #CryptoNews #BlockchainTechnology #Bitcoinmining #CryptoInvesting
#BitcoinHashRateSurge
$
What Is Bitcoin Hash Rate?
The hash rate measures the computational power miners use to process transactions and secure the Bitcoin network. A higher hash rate indicates increased miner participation, boosting the networkās security against potential attacks.
Why Is the Hash Rate Surging?
1. Bullish Sentiment: With Bitcoinās price gaining momentum, miners are scaling up operations to maximize profitability.
2. Technological Advances: New mining hardware with improved efficiency is driving more power into the network.
3. Global Mining Expansion: Countries like the U.S., Kazakhstan, and El Salvador are ramping up Bitcoin mining initiatives, contributing to the surge.
Implications for Investors
ā¢ Increased Network Security: A robust hash rate reduces the likelihood of a 51% attack, making Bitcoin a safer investment.
ā¢ Price Correlation: Historically, a rising hash rate often precedes a price rally, signaling confidence in Bitcoinās long-term potential.
ā¢ Mining Industry Growth: As hash rate climbs, opportunities in Bitcoin mining stocks and hardware manufacturing also increase.
The Bigger Picture
The latest hash rate surge highlights the resilience of Bitcoin amidst regulatory scrutiny and market volatility. Itās a clear signal that minersāand the broader crypto ecosystemāare here to stay.
Stay tuned for more updates as we watch Bitcoin evolve!
#Bitcoin #CryptoNews #BlockchainTechnology #Bitcoinmining #CryptoInvesting
#BitcoinHashRateSurge
$
TeraWulf, a Bitcoin mining company listed on the Nasdaq, has published its unaudited monthly production and operations update for December 2024, according to Odaily. According to the report, the company mined 158 Bitcoins in December, which is 43 more than it did in November. TeraWulf produced 423 Bitcoins in the fourth quarter, increasing the total to 2,728 for the year.
#Bitcoinmining #Hotcoin #Binance250Million
#Bitcoinmining #Hotcoin #Binance250Million
Midday News Update #Web3
š NYSE-listed Cango invests $256M in Bitmain #BTCā miners, achieving a total hash rate of 32 EH/s.
š $2.735B in $BTC and $ETH options, with max pain at $102K and $3,800, to expire on Dec 20.
š Galaxy CEO: Bitcoinās market cap could surpass goldās within 5-8 years, now at 14% of goldās valuation.
š Binanceās Yi He clarifies that $BNB is not the sole focus of Binance Alphaās support initiatives.
šø Trader turns $700 into $1.8M in 7 hours, profiting 2,571x on 48M $UFD tokens via pump.fun.
#BitcoinMining #Gold #BinanceAlpha #UFD
š NYSE-listed Cango invests $256M in Bitmain #BTCā miners, achieving a total hash rate of 32 EH/s.
š $2.735B in $BTC and $ETH options, with max pain at $102K and $3,800, to expire on Dec 20.
š Galaxy CEO: Bitcoinās market cap could surpass goldās within 5-8 years, now at 14% of goldās valuation.
š Binanceās Yi He clarifies that $BNB is not the sole focus of Binance Alphaās support initiatives.
šø Trader turns $700 into $1.8M in 7 hours, profiting 2,571x on 48M $UFD tokens via pump.fun.
#BitcoinMining #Gold #BinanceAlpha #UFD
š„ KBW Boosts Bitcoin Mining Companies with 'Outperform' Ratings! #š„
$BTC
š Bitcoin Mining Companies Receive Strong Ratings from KBW! š
According to a recent report by Foresight News, CoinDesk reveals that KBW, a prominent investment bank, has provided its first coverage of Bitcoin mining leaders Bitdeer Technologies (BTDR), CleanSpark (CLSK), and Core Scientific (CORZ)āeach earning an 'outperform' rating! š
In addition, Galaxy Digital (GLXY) has been honored as the 'best performing' stock in the digital asset industry, solidifying its status as a top player in the crypto world. š„
As the mining sector continues to expand, these companies are poised for great growth, making them key players to keep an eye on in the digital asset landscape. šš”
#BitcoinMining #cryptocurrency #Investment #KBW #DigitalAssets
$BTC
š Bitcoin Mining Companies Receive Strong Ratings from KBW! š
According to a recent report by Foresight News, CoinDesk reveals that KBW, a prominent investment bank, has provided its first coverage of Bitcoin mining leaders Bitdeer Technologies (BTDR), CleanSpark (CLSK), and Core Scientific (CORZ)āeach earning an 'outperform' rating! š
In addition, Galaxy Digital (GLXY) has been honored as the 'best performing' stock in the digital asset industry, solidifying its status as a top player in the crypto world. š„
As the mining sector continues to expand, these companies are poised for great growth, making them key players to keep an eye on in the digital asset landscape. šš”
#BitcoinMining #cryptocurrency #Investment #KBW #DigitalAssets
See original
š„ Makhachkala-style mining: bitcoin mining at the expense of the state! š„
A huge illegal mining farm was discovered in Makhachkala, which "mined" electricity for 27 million kWh! šØ The damage amounted to 180 million rubles. Now bitcoins clearly will not cover these costs! š«£
408 devices that were running electricity around the clock, leaving neighbors without light, were confiscated. ā” All materials have already been handed over to law enforcement, and the organizers will have to explain their "innovative methods" of saving.
Mining is cool, but when everything is according to the law! š Remember: free electricity is the most expensive.
š¢ Do you think such cases are irresponsible or a desperate attempt to make money?
#Mining #CryptoCrime #ElectricityTheft #BitcoinMining #CryptoNews
A huge illegal mining farm was discovered in Makhachkala, which "mined" electricity for 27 million kWh! šØ The damage amounted to 180 million rubles. Now bitcoins clearly will not cover these costs! š«£
408 devices that were running electricity around the clock, leaving neighbors without light, were confiscated. ā” All materials have already been handed over to law enforcement, and the organizers will have to explain their "innovative methods" of saving.
Mining is cool, but when everything is according to the law! š Remember: free electricity is the most expensive.
š¢ Do you think such cases are irresponsible or a desperate attempt to make money?
#Mining #CryptoCrime #ElectricityTheft #BitcoinMining #CryptoNews
Halving #bitcoin in about 300 days, the prize will drop to 3,125, then 19,445.00 bitcoins will be available in circulation #bitcoin #bitcoinmining #BinanceTournament
Just in: President Vladimir Putin legalized crypto mining in Russia.
The past 2 years, Russia has intended to ban mining and issuance of new currency in the country to stabilize energy consumption and prevent the devaluing of Russian currency, the Ruble.
āSeize the momentā - President Vladimir Putin
This year, on 8 August 2024, President Putin signed a law for digital currency mining, mining pools, and mining infrastructure operators. In the document, Russia will collect address identifiers of people who do the mining, including those who organize the mining pool activities.
Now the question, does Russia allow the issuance of new currency?
The answer is no!
Who can conduct mining in Russia?
Russian people with legal entities and entrepreneurs are allowed to mine digital currency and need to register with the Russian government. While you don't have to register as long as you are an individual who never exceeds their electricity consumption limit, you have the ability to mine digital currency in Russia.
The international digital financial assets from mining may be traded on Russian blockchain platforms. The one who controls the blockchain based on the document, it looks like the Bank of Russia will reserve the authority whether a transaction can be processed or not to prevent financial instability in Russia.
This action might bring Bitcoin hash rate and Bitcoin difficulty to the new all time high.
#Russia #BTCRussia #BTClegal #bitcoinmining #VladimirPutin
$BTC
The past 2 years, Russia has intended to ban mining and issuance of new currency in the country to stabilize energy consumption and prevent the devaluing of Russian currency, the Ruble.
āSeize the momentā - President Vladimir Putin
This year, on 8 August 2024, President Putin signed a law for digital currency mining, mining pools, and mining infrastructure operators. In the document, Russia will collect address identifiers of people who do the mining, including those who organize the mining pool activities.
Now the question, does Russia allow the issuance of new currency?
The answer is no!
Who can conduct mining in Russia?
Russian people with legal entities and entrepreneurs are allowed to mine digital currency and need to register with the Russian government. While you don't have to register as long as you are an individual who never exceeds their electricity consumption limit, you have the ability to mine digital currency in Russia.
The international digital financial assets from mining may be traded on Russian blockchain platforms. The one who controls the blockchain based on the document, it looks like the Bank of Russia will reserve the authority whether a transaction can be processed or not to prevent financial instability in Russia.
This action might bring Bitcoin hash rate and Bitcoin difficulty to the new all time high.
#Russia #BTCRussia #BTClegal #bitcoinmining #VladimirPutin
$BTC
š¢ Bitcoin Mining Firm MARA Proposes Increase in Authorized Shares šš
According to Odaily, Bitcoin mining company MARA announced on the X platform that its board of directors plans to amend the company's charter to increase the number of authorized shares from 500 million to 800 million.
Why This Matters:
The decision follows extensive discussions with advisors and aligns with industry trends.
If approved, this move will provide MARA with greater flexibility to leverage market conditions, pursue financing, and seize acquisition opportunities.
This strategic adjustment highlights MARA's commitment to adapting and growing within the ever-evolving crypto industry. šš
#MARA #BitcoinMining #CryptoNews #Blockchain #Finance š°āļøš
$BTC
According to Odaily, Bitcoin mining company MARA announced on the X platform that its board of directors plans to amend the company's charter to increase the number of authorized shares from 500 million to 800 million.
Why This Matters:
The decision follows extensive discussions with advisors and aligns with industry trends.
If approved, this move will provide MARA with greater flexibility to leverage market conditions, pursue financing, and seize acquisition opportunities.
This strategic adjustment highlights MARA's commitment to adapting and growing within the ever-evolving crypto industry. šš
#MARA #BitcoinMining #CryptoNews #Blockchain #Finance š°āļøš
$BTC
šŗšø The Digital Chamber Opposes Nebraska's LB526 Bitcoin Mining Tax
LB526 imposes a 2.5 cent-per-kilowatt-hour tax on Bitcoin mining.
The Chamber warns that the tax stifles innovation and economic growth.
Nebraskans are encouraged to contact Gov. Pillen to oppose š« LB526.
#Crypto #cryptocurrency #btc #bitcoin #Bitcoinmining
$FET
$DEXE
$YGG
#MicroStrategyAcquiresBTC #BinanceAlphaAlert
LB526 imposes a 2.5 cent-per-kilowatt-hour tax on Bitcoin mining.
The Chamber warns that the tax stifles innovation and economic growth.
Nebraskans are encouraged to contact Gov. Pillen to oppose š« LB526.
#Crypto #cryptocurrency #btc #bitcoin #Bitcoinmining
$FET
$DEXE
$YGG
#MicroStrategyAcquiresBTC #BinanceAlphaAlert
What is mining?
Mining is verifying crypto transactions & adding them to blockchain š”
Miner's Role:
Solve complex math problems š¤
Verify transactions ā
Add block to blockchain š
Miner's Reward:
New crypto coins š¤
Transaction fees šø
Mining Types:
CPU, GPU, ASIC, Cloud š»
Start mining? Learn more on Binance Academy! $BTC
#Bitcoinmining
Mining is verifying crypto transactions & adding them to blockchain š”
Miner's Role:
Solve complex math problems š¤
Verify transactions ā
Add block to blockchain š
Miner's Reward:
New crypto coins š¤
Transaction fees šø
Mining Types:
CPU, GPU, ASIC, Cloud š»
Start mining? Learn more on Binance Academy! $BTC
#Bitcoinmining
šØ BITCOIN MINERS GIVING UP AS PROFITS DRY UP AMID SELLOFF šØ
š” CryptoQuant analysts reveal Bitcoin miners are approaching "capitulation" as profit margins tighten post-halving and BTC hovers close to $50,000. This state mirrors the market bottom post-FTX crash in late 2022, potentially signaling a market bottom for BTC. š”
š Signs of Capitulation š
š Miner capitulation happens when miners scale back operations or sell their mined Bitcoin to stay afloat or hedge their exposure. Over the past month, Bitcoin's price has dropped 13% from $68,791 to $59,603, intensifying signs of miner distress.
š One critical indicator is the significant drop in Bitcoin's hashrate, which has fallen 7.7% to a four-month low of 576 EH/s after hitting a record high on April 27. This drop mirrors a similar hashrate decline in late 2022, when Bitcoinās price bottomed at $15,500 before surging over 300% in the following 15 months.
š "Bitcoin miner capitulation mirrors December 2022 levels with a 7.7% hashrate drop, similar to post-FTX collapse conditions. Such declines often signal potential market bottoms." - CryptoQuant
š Hashrate Analysis š
š Bitcoinās hashrate decline indicates reduced computational power securing the network, a sign of miners shutting down rigs due to unprofitability. This pattern of miner capitulation suggests a potential market bottom, akin to previous cycles.
š Miner Profit/Loss Sustainability š
šø Since the halving, miners have faced extreme underpayment, as seen in the miner profit/loss sustainability indicator. Daily revenues have plummeted 63% from $79M on March 6 to $29M, with transaction fees now only contributing 3.2% of total daily revenuesāthe lowest share since April 8.
Are we headed towards another "Crypto recession"?
Yes/No? Let me know in the comments!
#mining #bitcoinmining #bullorbear #bearrun #btc
$BTC btc $ETH $SHIB
š” CryptoQuant analysts reveal Bitcoin miners are approaching "capitulation" as profit margins tighten post-halving and BTC hovers close to $50,000. This state mirrors the market bottom post-FTX crash in late 2022, potentially signaling a market bottom for BTC. š”
š Signs of Capitulation š
š Miner capitulation happens when miners scale back operations or sell their mined Bitcoin to stay afloat or hedge their exposure. Over the past month, Bitcoin's price has dropped 13% from $68,791 to $59,603, intensifying signs of miner distress.
š One critical indicator is the significant drop in Bitcoin's hashrate, which has fallen 7.7% to a four-month low of 576 EH/s after hitting a record high on April 27. This drop mirrors a similar hashrate decline in late 2022, when Bitcoinās price bottomed at $15,500 before surging over 300% in the following 15 months.
š "Bitcoin miner capitulation mirrors December 2022 levels with a 7.7% hashrate drop, similar to post-FTX collapse conditions. Such declines often signal potential market bottoms." - CryptoQuant
š Hashrate Analysis š
š Bitcoinās hashrate decline indicates reduced computational power securing the network, a sign of miners shutting down rigs due to unprofitability. This pattern of miner capitulation suggests a potential market bottom, akin to previous cycles.
š Miner Profit/Loss Sustainability š
šø Since the halving, miners have faced extreme underpayment, as seen in the miner profit/loss sustainability indicator. Daily revenues have plummeted 63% from $79M on March 6 to $29M, with transaction fees now only contributing 3.2% of total daily revenuesāthe lowest share since April 8.
Are we headed towards another "Crypto recession"?
Yes/No? Let me know in the comments!
#mining #bitcoinmining #bullorbear #bearrun #btc
$BTC btc $ETH $SHIB