Financial Squeeze Tightens for Bitcoin Miners as Earnings Continue to Fall
On Friday, Bitcoin’s hashprice was $56.95 per petahash per second (PH/s), but by Sunday, it had dropped to $51.66 per petahash. Over the last 100 blocks, bitcoin miners averaged about 3.55 BTC for each block they mined,...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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 Bitcoin NewsRelated market context
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...
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...
Crypto stock tokens barely move over weekend, revealing markets become illiquid when Wall Street goes offline
Coinbase’s new B20 stock tokens on Base place Apple, Alphabet, Meta and Nvidia-linked exposure on a blockchain that keeps trading...
Over $10B liquidated from crypto market in past 2 weeks as historic short squeeze reshapes sentiment
The recent crypto short squeeze highlights the volatility and risks in derivatives trading, potentially reshaping market strategie...
Swift’s $1.5 quadrillion network faces a blockchain test
Crypto executives say new blockchain payment infrastructure could make Swift obsolete. Bankers say its 11,500-institution network...
Kraken builds comprehensive wallet for onchain financial life
Kraken's wallet evolution signifies a shift towards integrated onchain services, challenging traditional exchanges and enhancing u...