Tag: Mining

Bitcoin Mining Stocks In Solid Gains As Crypto Market Rallies

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Following the ongoing rally in the crypto market, the stocks of the top five leading Bitcoin mining companies have surged in value, amassing solid gains. Major crypto stocks are also rising and have recorded massive gains in recent weeks.  Though investors are still skeptical if this is genuinely the real bull run they have been anticipating, major assets in the crypto industry have been in the green for the past weeks regardless of some negative news spreading in the industry. Top Five Bitcoin Mining Stocks Rallies Bitcoin mining companies Riot…

Mining Bitcoin at home — Is it time to start? Market Talks

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On this week’s episode of Market Talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining — a home-based crypto mining equipment business. This week, to kick things off, we get to know a little bit about Kramer and his mining business. What are his expertise and experience with crypto mining, and how did he gravitate toward it? We also get his take on the current market conditions and the price of Bitcoin (BTC). Doing anything from your house, whether it’s working from home or mining cryptocurrencies, comes with…

Bitcoin mining ETF tops equity ETF market in new year’s performance charts

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Bitcoin (BTC) and other altcoins started the new year on a bullish note, with most cryptocurrencies surging to multi-month highs. Apart from the spot market, the equity exchange-traded fund (ETF) market is also dominated by BTC, wherein Valkyrie’s Bitcoin Miners ETF (WGMI) is the leading equity ETF market and is up by 40% year to date. The Bitcoin mining ETF is leading the traditional equity ETF market and the leveraged equity ETFs, which is considered a rare occurrence. Bloomberg senior ETF analyst Eric Balchunas pointed out that the Valkyrie Bitcoin mining ETF is…

Argo Blockchain’s Bitcoin Mining Margin Widens Most In at Least a Year

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Bitcoin mining stocks surge with broader market as traders see less aggressive Fed

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Shares of publicly traded Bitcoin (BTC) miners surged on Jan. 9 as traders piled into equity markets amid growing bets that the United States Federal Reserve would soon be able to relax its aggressive fight against inflation.  Bitcoin miners Riot Blockchain (RIOT), Hut8 (HUT), Bitfarms (BITF), Marathon Digital Holdings (MARA) and others posted double-digit percentage gains in intraday trading.  The rally coincided with a broad uptick in equity markets, with the large-cap S&P 500 Index rising 1% and the technology-focused Nasdaq climbing 2% before paring gains. Markets rallied ahead of…

Bitcoin Hashrate Reaches All-Time High, Boost Could Lead to Record-Setting Difficulty Increase – Mining Bitcoin News

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During the first week of the new year, Bitcoin’s hashrate reached an all-time high (ATH) on Jan. 6, 2023, at block height 770,709. The network recorded a milestone of around 361.20 exahash per second (EH/s) on Friday, jumping more than 4% higher than the previous record of 347.16 EH/s recorded on Nov. 12, 2022. Network’s Hashpower Surges to New Heights, Difficulty Change Anticipated in Eight Days Bitcoin’s computational power is running hot during the first week of the new year as it broke its first record in 2023. According to…

Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees – Mining Bitcoin News

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Since the beginning of 2023, cryptocurrency miners operating in Kazakhstan are obliged to pay new fees for the power they need to mint digital coins. A surcharge introduced in 2021 now depends on the price of electricity consumed by bitcoin farms and can be much higher than the original levy. New Year Brings Higher Costs for Companies Mining Crypto in Kazakhstan Starting from Jan. 1, an electricity fee imposed on crypto miners in Kazakhstan is being calculated according to a progressive scale. The initial universal surcharge of 1 Kazakhstani tenge…

Singapore Arbitrator Rules Against Mining Software Firm Poolin’s IOU Model, But the Firm Hasn’t Paid Yet

The firm had originally said on Sept. 13: “In practice, PoolinWallet will offer IOU-token to token single-direction swap in the Trade function, allowing users to trade their IOUBTC to BTC, IOUETH to ETH, IOUUSDT to either USDT or USDC, IOULTC to LTC, IOUZEC to ZEC, IOUDoge to Doge, quarterly. Also, PoolinWallet is likely to increase the frequency and amount of redeem as long as the liquidity becomes available, meanwhile, users could withdraw their IOU tokens and trade on chain or even with third parties (if available) freely.” Source

Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius – Mining Bitcoin News

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Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately $7.8 million for energy and hosting costs, as the crypto lender has been unable to make regular payments as outlined in the hosting contract. Celsius Owes Core Scientific $7.8 Million for Energy and Hosting Costs Lawyers representing bankrupt bitcoin mining operation Core Scientific have told the court that crypto lender Celsius has not made payments on its mining machine hosting…

Core Scientific Powers Down Celsius 37,000 Mining Rigs

Core Scientific is just one of the many names in the crypto ecosystem that is currently battling a liquidity crisis. Core Scientific Inc (OTCMKTS: CORZQ), the bankrupt crypto miner and hosting service provider has effectively powered down as many as 37,000 mining rigs belonging to Celsius Network. Both companies, now bankrupt had been in a business relationship that turned unfavorable for Core Scientific as Celsius Network was unable to meet up with the costs of electricity, a key cost in mining Bitcoin (BTC). Core Scientific was the hosting service provider…