Bitcoin Miners


Tech

'A Race Toward Zero': With Hashrate in the Clouds, Bitcoin Mining Is Less Profitable Than Ever

ASIC financing has driven Bitcoin's hashrate to all-time highs in 2020. By consequence, Bitcoin is less profitable to mine than ever.

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Finance

Mining Firm Hut 8 Reports 28% Drop in Q2 Revenue Following Bitcoin Halving

Bitcoin mining firm Hut 8 reported a sharp drop in revenue. However, the rising value of the firm's BTC holdings helped it finish the quarter in the black.

Máquinas de minería de bitcoin (Shutterstock)

Finance

Bitmain’s Power Struggle Takes Toll on Customers as Co-Founder Halts Shipments

Like the employees forced to choose sides, Bitmain customers have been caught in the middle of the power struggle at the No.1 bitcoin miner manufacturer.

Credit: CoinDesk archives, modified using PhotoMosh

Markets

Market Wrap: Some Miners Face an Uncertain Future Despite Rising Bitcoin Price

A slowly rising bitcoin price might not help some miners run profitable operations now that the halving is in the past.

Source: CoinDesk Bitcoin Price Index

Tech

Bitcoin Mining Difficulty Nears All-Time High in Final Adjustment Before Halving

Bitcoin mining difficulty increased to 16.10 trillion (T) on Tuesday, close to the network’s all-time high of 16.55T recorded in March.

Bitcoin miners

Finance

Argo Blockchain Sees Revenues Soar 11x After Mining 1,300 Bitcoin in 2019

Bitcoin mining firm Argo Blockchain said an 11-fold increase in revenues shows pivoting away from mining-as-a-service was a good move for the company.

shutterstock_707316523

Finance

Hut 8: The Struggles of One of Canada’s Largest Miners

CoinDesk Research presents an in-depth look into one of the largest publicly listed mining companies, Hut 8.

Hut 8 plant

Tech

How Bitcoin’s Price Slump Is Changing the Geography of Mining

Although China remains the leading region for bitcoin mining, the coronavirus downturn is changing the picture in other geographies.

mining

Markets

Miners Are Selling More Bitcoin Than They Are Mining

While bitcoin looks set to prolong its recent bullish moves, those responsible for making new bitcoin have increased their selling.

miners, gold

Markets

Bitcoin's Plunge Was Foreshadowed by Miner Inventory Data

Bitcoin’s recent price drop has caught many investors off guard. However, a key metric showing worry among the miners gave a warning several weeks ago.

miners, crypto

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