Category: Bitcoin Mining
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Ethereum miners made 450K ETH from high network fees during DeFi peak
On-chain data shows Ethereum miners saw a 39% surge in revenue as fees soared during the DeFi craze.
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A researcher debunks Stock-to-Flow model, likens Bitcoin to a ‘tech stock’
“There are many reasons why the price of Bitcoin can rise or fall, but S2F is not one of them”, contends report author.
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MyEtherWallet’s founder used to pay his rent by mining Bitcoin
His big takeaway? Mining rigs give off a lot of heat.
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Only 2.5 million Bitcoin left to mine
But with Bitcoin demand on the rise, can we expect more scarcity?
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Chinese Mining Rig Manufacturer Microbt Announces Offshore ASIC Factory
On Friday, China-based bitcoin mining rig manufacturer Microbt announced plans to create an offshore facility that produces the company’s Whatsminer devices and parts for North America. The firm revealed the expansion news when it announced a recent partnership with the New York-based Foundry Digital LLC. Microbt’s Whatsminer mining rigs have become popular during the last…