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Bitcoin Miners’ Control of BTC Network is Gradually Shrinking

Bitcoin Miners’ Control of BTC Network is Gradually Shrinking

Coin Metrics, a provider of on-chain and off-chain crypto asset market data, has released a new report showing Bitcoin miners’ control of the BTC network is decreasing.

Chinese Authorities Pressure Bitcoin Miners to Scale Down Operations

Chinese Authorities Pressure Bitcoin Miners to Scale Down Operations

Authorities in Sichuan, China has been reportedly pressuring Bitcoin miners to scale down their operations due to electricity shortages. During the dry season, extending from October to April, the electricity supply drops in the province.

Bitcoin Educator Andreas Antonopolous Believes Oil Price Crash Gives US Bitcoin Miners an Advantage

Bitcoin Educator Andreas Antonopolous Believes Oil Price Crash Gives US Bitcoin Miners an Advantage

Following the oil market crash in April, electricity prices have continued to fall globally. Bitcoin educator Andreas Antonopoulos believes that despite the disruption to industries, the oil market downturn could give US cryptocurrency miners an advantage.

Crypto Miners Allege Chinese Bitcoin Mining Giant Delivered "Defective" Product

Crypto Miners Allege Chinese Bitcoin Mining Giant Delivered "Defective" Product

Ahead of Bitcoin’s much-awaited halving event on May 12, a group of miners alleged Bitmain’s latest “Antminer” deliveries were defective and led to losses for investors.

Are Bitcoin Miners The Most Violent People on Earth? Climate Journalist Eric Holthaus Seems to Think So

Are Bitcoin Miners The Most Violent People on Earth? Climate Journalist Eric Holthaus Seems to Think So

Eric Holthaus has criticized Bitcoin miners, describing them as violent people.

Bitcoin Hash Rate Remains Steady as Miners are Wiped Out by China Floods

Bitcoin Hash Rate Remains Steady as Miners are Wiped Out by China Floods

Recent China floods did not affect the Bitcoin network hash rate. However, some miners were not spared as they were wiped out.

Bitcoin Miners Are Not Selling But Accumulating Their Crypto Funds

Bitcoin Miners Are Not Selling But Accumulating Their Crypto Funds

Glassnode data shows that miners are not willing to sell their Bitcoins amid a market wide exchange shortage of the cryptocurrency. The shortage comes as institutions continue buying crypto assets in droves.

India Cryptocurrency Ban Resurfaces, Traders and Miners to be Targeted This Time

India Cryptocurrency Ban Resurfaces, Traders and Miners to be Targeted This Time

India is out again to ban cryptocurrencies with a target on traders and miners.

Argo Shares Plunges 72% After Fundraising Fails to Go Through

Argo Shares Plunges 72% After Fundraising Fails to Go Through

Shares of Bitcoin miner Argo fell 72% on Monday after a strategic investor failed to participate in the company's fundraising event

Investors See Bitcoin as a Long-Term Investment, says Crypto Analyst

Investors See Bitcoin as a Long-Term Investment, says Crypto Analyst

Despite the current price correction, on-chain analyst Willy Woo has revealed that Bitcoin’s velocity is higher than that of funds allocated for spending it.

18,000 Bitcoin Whales Circle the Crypto Market, Each Holding At Least $1 Million in Bitcoin

18,000 Bitcoin Whales Circle the Crypto Market, Each Holding At Least $1 Million in Bitcoin

Glassnode’s recent report shows that the number of Bitcoin addresses holding at least $1 million worth of Bitcoin has increased by 38%. Currently, there are 18,000 Bitcoin whales.

Bitcoin Miners Have Transformed to Holders and Buyers Since 2020

Bitcoin Miners Have Transformed to Holders and Buyers Since 2020

Bitcoin miners have emerged as notable holders and buyers in the crypto space, which signifies a behavioral change.

Bitcoin Miners’ Outflow Volume Hit a Monthly Low

Bitcoin Miners’ Outflow Volume Hit a Monthly Low

Bitcoin miners are not yet out of the woods because their outflow volume reached a monthly low of 47.163 BTC.

A Breakout May Happen in the Bitcoin Market Soon, says Market Analyst

A Breakout May Happen in the Bitcoin Market Soon, says Market Analyst

Market analyst Michael van de Poppe believes that a breakout might happen in the Bitcoin market in the course of the week because the volume is draining down.

Marathon Digital Buys 78,000 Antminer S19 XP Bitcoin Miners Worth Almost $900M

Marathon Digital Buys 78,000 Antminer S19 XP Bitcoin Miners Worth Almost $900M

Marathon Digital Holdings announced that it ordered 78,000 Antminer S19 XP bitcoin mining machines worth $879.06 million from Bitmain.

Bitcoin Miners’ Accumulation Has Been Consistent for Nearly a Year

Bitcoin Miners’ Accumulation Has Been Consistent for Nearly a Year

Bitcoin miners have consistently accumulated more coins for almost one year, according to market insight provider Glassnode.

Bitcoin’s Supply Ratio on Exchanges Hit a 26-Month Low as BTC Miner Reserves Edge Closer to an ATH

Bitcoin’s Supply Ratio on Exchanges Hit a 26-Month Low as BTC Miner Reserves Edge Closer to an ATH

Bitcoin (BTC) holders continue to show their confidence in the leading cryptocurrency as the supply ratio on exchanges slumped to a 26-month low.

Publicly-Traded Bitcoin Miners’ Accumulation Goes a Notch Higher

Publicly-Traded Bitcoin Miners’ Accumulation Goes a Notch Higher

As Bitcoin (BTC) surpassed the $55K level for the first time since May, publicly-traded miners have been cashing in as they have been in an accumulation stage.

European Crypto Miners Share Insights About Their Local Mining Industry

European Crypto Miners Share Insights About Their Local Mining Industry

dGen, a non-profit research organization, in its report, has revealed that the cryptocurrency miners in the European region believe that Europe's higher electricity prices as compared to that of Russia and China is due to the strict regulation, strong protections, and political stability.

Why 74% of Chinese Crypto Miners Are Having Difficulty Paying Their Electricity Bills

Why 74% of Chinese Crypto Miners Are Having Difficulty Paying Their Electricity Bills

Crackdown on money laundering and fraud in the Chinese crypto space has seen cryptocurrency miners pay the price, as cards linked to crypto have been frozen.

Heaven for Bitcoin Miners? Iran Officially Legalizes Crypto Mining

Heaven for Bitcoin Miners? Iran Officially Legalizes Crypto Mining

The Iran Chamber of Commerce, Industries, Mines and Agriculture recently published a statement that the Iranian Economic Commission has approved a mechanism for digital coin mining.

Malaysian Authorities Shut Down Illegal Bitcoin Miners For $600K Power Theft

Malaysian Authorities Shut Down Illegal Bitcoin Miners For $600K Power Theft

Malaysian police have shut down two illegal Bitcoin mining operations which had been siphoning power continuously for the past three years.

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