• Mon. Sep 26th, 2022

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  • Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits

Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits

This bear market is proving to be especially tough for Bitcoin miners, but Canaan senior vice president Edward Lu says the industry is “evolving toward a positive long term.”

Amid miner capitulation, Hut 8 maintained BTC ‘HODL strategy’ in July

Other Bitcoin miners such as Core Scientific, Argo Blockchain and Riot Blockchain have reduced their BTC holdings during the bear market.

Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity

Many BTC miners are in a tough spot and a few could collapse, but experts say the industry is here to stay.

The Merge is Ethereum’s chance to take over Bitcoin, researcher says

Ethereum’s imminent transition to a proof-of-stake consensus mechanism will transform its monetary policy, potentially making ETH more scarce than Bitcoin.

Not just Bitcoin price: Factors affecting BTC miner profitability

As many crypto holders are gearing up for a bear market, what are the factors influencing the mining business?

US lawmakers ask about EPA, DOE monitoring of crypto mining emissions, energy consumption

U.S. legislators suspect crypto mining is “problematic” for energy use and emissions, while Paraguay is ready to give the crypto industry, including miners, incentives. Democratic legislators from both houses of…

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