“This drop in the production of ether in the current quarter compared to the prior quarter will be offset partially by the average price of ether increasing by 45%, and the higher bitcoin mined in this quarter boosted by the increase in the price of bitcoin in the quarter of over 35%,” Hive said.
Related posts
-
Latam Insights: Paraguay Raises Bitcoin Mining Power Fees, Bolivia Praises Stablecoins as Dollar Proxy
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during... -
Germany’s Bitcoin Wallet Dips Below 40,000 BTC After Weekend Transfer
Germany has divested 1,400 bitcoin from its government reserves, reducing the total from 41,226 BTC to... -
Bitcoin Network Sees Second Largest Difficulty Reduction of 2024
On July 4, 2024, the Bitcoin network experienced its second-largest difficulty reduction since the year’s start....