Cryptocurrency Insight
Bitcoin miners face a tough spot when Marathon Digital CEO Fred Thiel sounds the alarm over US President Joe Biden’s proposed tax policy. With the possible implementation of new taxes targeting US Bitcoin miners, Thiel said the intended revenue gains could be overshadowed by an Read More
Bitcoin miners have been raking in historically high amounts of transaction fees recently, but on-chain data shows that this group is still not selling. Bitcoin miners haven’t transferred much volume to exchanges recently Transaction fees on the Bitcoin network have skyrocketed recently because of increased Read More
On-chain data shows that Bitcoin miners are making 12.4% of their income from fees after transaction counts reached an all-time high. Bitcoin miner revenue share of transaction fees has increased recently According to data from on-chain analytics firm glassnodeonly 254 trading days in the entire Read More
Bitcoin mining companies have struck gold yet again as the total cumulative revenue of BTC miners hit a new high. Despite the downsides of the mining business, alpha coin continues to prove to be a highly profitable venture for miners. As the Bitcoin mining industry Read More
Data from on-chain analytics firm Glassnode has revealed the all-time aggregate profit margin for Bitcoin miners; here’s what it is. Bitcoin miners made a 37% profit on their total investment In a recent tweet, glassnode published the latest data on the current situation of miners Read More
Bitcoin prices are under immense selling pressure as of writing on Apr 20. This occurs when the mining difficulty and hash rate reach record highs. Bitcoin prices falling BTC is trading at around $28,100, around 7% below its April peaks. Also, looking at the performance Read More
Bitcoin’s difficulty-adjusted puell multiple has been below one recently, which is why this might suggest that BTC miners are still under pressure. Puell multiple adjusted for Bitcoin difficulty yet to exceed 1 according to a investigator At on-chain analytics firm Glassnode, miners are still earning Read More
The state of Arkansas recently joined the ranks of other US states in passing a bill that aims to regulate Bitcoin (BTC) mining. The Arkansas Data Centers Act of 2023 has successfully passed the House of Representatives and Senate and is currently awaiting final approval Read More
Bitcoin’s hashrate has continued its recent climb, reaching new dramatic highs. The top digital asset by market capitalization experienced a big rally, bringing positive sentiment. This led to more miners connecting to the Bitcoin network and a new all-time high of 400 EH/s in the Read More
Data shows that Bitcoin miners have found some relief recently as their mining revenue has skyrocketed to the highest level since June 2022. Bitcoin mining revenues significantly deviated from annual average According to Glassnode’s latest weekly report, miners are pulling in $22.6 million a day. Read More