News
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BT Daily News: Bitcoin breaks free: Will recent spike leave bear market behind, and more
Exchanging hands at $27,524 per coin at press time, Bitcoin [BTC] ended last week’s trading session with an impressive 35.8% increase in value, causing it to rally out of the deep bear market territory, Glassnode found in a new report. -
BT Daily News: Bitcoin Miners Are Starting to Emerge From Brutal Crypto Winter, and more
The bitcoin mining industry appears to be getting back on its feet after a long crypto winter that saw major bankruptcies and fire sales. Even though mining economics have improved only marginally as bitcoin trades above $20,000, capital is starting to flow into the sector once again. -
BT Daily News: India’s Crypto Industry Finally Sees Lawmakers Engaging, and more
On Saturday, India’s crypto industry pulled off a near coup by bringing lawmakers and members of India’s ruling party to a conference discussing Web3. -
BT Daily News: 10 Top Crypto Conferences to Watch Out for in 2023, and more
Attending cryptocurrency conferences is one of the best methods to learn more about cryptocurrencies and blockchain, as well as about DeFi, the metaverse, and all other emerging concepts. -
BT Daily News: Cryptocurrency mining is still profitable in 2023? and more
Cryptocurrency mining is still profitable in 2023, but it may not be as rewarding as in the past. Cryptocurrency mining is still profitable in 2023, but it may not be as rewarding as in the past. -
BT Daily News: Bitcoin’s price gains this year bring needed relief to cash-strapped crypto mining industry
The recovery of Bitcoin prices since the start of the year has brought some breathing space to the companies that mine the world’s largest cryptocurrency after 2022 drove many to warn of cash shortages or even in the case of Core Scientific, one of the biggest publicly traded miners, to file for Chapter 11 bankruptcy. -
BT Daily News: Crypto and Bitcoin Miners Rebrand and Diversify to Survive
Bitcoin miners are trying to survive an icy crypto winter by broadening the scope of their business, both in name and in practice. On Jan. 4, one of the biggest publicly traded bitcoin mining firms announced that it was swapping the “Blockchain” out of its name for “Platforms." -
BT Daily News: Bitcoin Hashrate Hits 300 EH/s Mark as Industry Gets Some Breathing Room
Computing power on the bitcoin network, or hashrate, reached 300.65 exahash per second (EH/s) Wednesday as miners got some breathing room amid a bitcoin price rebound and a decline in energy prices. -
How to Mitigate the Impact of Crypto Mining on Environmental Destruction
Cryptocurrency mining is the process of using computer power to validate transactions on a blockchain network and create new coins of a particular cryptocurrency. This validation process requires significant amounts of computational power, which in turn requires a significant amount of energy. -
BT-Miners education: Bitcoin miners as energy buyers, explained
The energy consumption of cryptocurrency mining is a trade-off for the security and decentralization of blockchain networks. However, through the use of sustainable energy sources and effective mining algorithms, there are ongoing efforts to make the process more energy-efficient and sustainable. -
BT Daily News: Which Crypto Giant Out of Ethereum and Bitcoin Hosts the Better Consensus?
The consensus a cryptocurrency uses determines how transactions are formed on the blockchain. If a cryptocurrency uses a Proof-of-Stake (PoS) consensus, transactions are confirmed by trusted validators on the network. -
BT Daily News: Bitcoin Miners Chart an Uncertain Path in 2023, But Opportunity Calls, and more
Bitcoin mining, an essential aspect of the cryptocurrency industry and an increasingly-important contributor to economic development in the United States, faced fierce market conditions in 2022. The capital-fueled "growth at all costs" strategy pursued by many miners in 2021 and 2022 led to a wave of failures and uncertainty amid a prolonged crypto winter.
