The jump in hash rate came in response to mining difficulty hitting an ATH. Revenue raked in by miners on the 11th of April was close to $69 million, up 70% YOY. On April 11th, the hashrate for Bitcoin‘s [BTC] mining reached a new record high. Miners maximized their machine usage in an effort to … Read more
A trader of Ethereum (ETH), with an initial investment of $8,300 in a quirky memcoin represented by a frog theme just a month ago, now finds themselves astonishingly wealthier by 750 times over, following the dramatic surge in the token’s value. On April 11th, the cost of a humorous digital currency named Apu Apustaja (APU) … Read more
According to Arkham’s data, the US government is among the world’s leading cryptocurrency owners, joining countries such as the UK and Germany in this ranking. Arkham, a company specializing in cryptocurrency intelligence, unveiled a new dashboard highlighting governments with significant crypto assets. On April 12, Arkham revealed that the United States, the United Kingdom, and … Read more
If you are still wondering whether cryptocurrency mining is profitable, this article is for you! For some time now, cryptocurrency mining has been a financially rewarding endeavor. However, with the unpredictability of the cryptocurrency market, you might be questioning whether mining is still worth it, which type of cryptocurrency to mine, and what are the … Read more
In today’s rapidly changing cryptocurrency mining scene, it is essential for miners to identify the most profitable ASICs (Application-Specific Integrated Circuits) to maximize their profits. Cryptocurrency mining may not be as prevalent as it once was, but it remains vital to the industry and continues to generate significant profits for miners. Consequently, identifying the most … Read more
VC Tim Draper predicts $250K per BTC by the end of 2024. Draper cites the changing political scene and halving event, but Arthur Hayes disagrees. Tim Draper, an American venture capitalist investor, believes Bitcoin‘s value will increase by a factor of 3.5 before the year ends. He further anticipates that the cryptocurrency could reach $250,000 … Read more