Bitcoin hash rate dips as miners turn off unprofitable ASICs post-halving
Despite the recent block reward halving, only the profitability of Bitcoin miners with less efficient mining rigs is endangered, according to TeraWulf’s Nazar Khan.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Despite the recent block reward halving, only the profitability of Bitcoin miners with less efficient mining rigs is endangered, according to TeraWulf’s Nazar Khan.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Veteran Bitcoin developer Luke Dashjr exits OCEAN pool – Will hash power follow him to new pool?
OCEAN Mining has completed a buyout of co-founder and 16-year veteran Bitcoin Core developer Luke Dashjr, ending his ownership and...
Bitcoin miners are no longer pure crypto proxies and are morphing into high-performance computing hubs
Bitcoin gained 21.5% from the Aug. 17 close through Aug. 21, yet six of seven large US-listed miners finished the same trading str...
Bitcoin Knots is trying to fork Bitcoin again after its last chain died in two blocks
Bitcoin Knots is preparing a Sunday rehearsal for a BLAKE2b fork after its previous breakaway BIP-110 chain stalled. On Aug. 29, B...
Fed Chair Kevin Warsh triggers a $488 million crypto liquidation cascade as rate-hike expectations rise
Bitcoin fell below $77,000 Friday after Fed Chair Kevin Warsh revived the threat of higher interest rates at Jackson Hole. Data fr...
Evernorth’s XRP strategy hinges on one number after Nasdaq vote
Armada Acquisition Corp. II shareholders will vote Sept. 30 on Evernorth Holdings' Nasdaq merger, which would give the XRP treasur...
Coinbase tokenized stocks generate $124M in DEX trading volume within four days
Coinbase's tokenized stocks highlight the potential for decentralized finance to reshape global equity markets, despite regulatory...