The economics of cryptocurrency mining: Costs, revenues and market trends

    Explore the economics of cryptocurrency mining and the challenges and opportunities that exist in this rapidly evolving industry. Mining refers to the process of verifying and adding new transactions to a blockchain network, such as in the case of Bitcoin or other cryptocurrencies. The economics of mining refers to the economic incentives and costs associated with…

    You don’t see that every day: Empty Bitcoin block found

    Don’t be fooled by its emptiness: Block 776,339 plays as important a role as busier blocks in the Bitcoin blockchain. Bitcoin is known for its robustness, security and predictability. Every 10 minutes — on average — the blockchain produces a new block, and the successful miner earns a block reward of 6.25 Bitcoin, around $130,000….

    Bitcoin mining revenue jumps up 50% to $23M in one month

    As Bitcoin remains well-positioned for a steady recovery, the mining industry witnessed a 50% growth in revenue in terms of U.S. dollars. As Bitcoin shows a minor bull run, the connected mining ecosystems’ year-long struggle for survival has started to pay off. In the first month of 2023, the Bitcoin mining community experienced a 50% increase in revenue…

    Bitcoin miner Core Scientific lost $1.7 billion in 2022, saw bankruptcy risks

    Core Scientific, the largest US mining company in terms of computing power, revealed its loss for the first nine months of the year reached over $1.7 billion. The firm posts a $435 million loss in Q3 amid bankruptcy looms.   The Texas-based Bitcoin mining company is one of the hardest hit miners, with low Bitcoin…

    Crypto derivatives traders expect Ethereum staking yields to double to 8% after the Merge

    In anticipation of the Merge, Ether’s price has surged, and the higher yields foreseen by derivatives traders would further enrich the Ethereum ecosystem. Ethereum’s Merge seems poised to make staking the blockchain’s ETH tokens more rewarding than ever, derivatives traders believe. Yields are seen jumping to 8% from around 4% now, according to interest-rate swap…

    Crypto is trying out traditional finance’s failures in hyperspeed, but it’s going to be fine

    What is going to be most interesting here is seeing what happens to bitcoin and other cryptos during these Hard Times — writes George Kaloudis on CoinDesk. The last time I wrote about a stablecoin, it failed spectacularly. So when a colleague of mine suggested I write about MakerDAO’s proposal to invest in US Treasurys…