‘A Race Toward Zero’: With Hashrate in the Clouds, Bitcoin Mining Is Less Profitable Than Ever Bitcoin mining profitability is in the basement, seeing all-time lows in 2020. Conversely, Bitcoin’s hashrate has surged throughout 2020, propelled in part by mining farms financing new hardware to boost their operations. Bitcoin’s hashrate has taken a dip as
Bitcoin becoming less-risky as an investment, Novogratz says Bitcoin (BTC) has gained significant notoriety in the decade since its 2009 launch. Big mainstream players such as MicroStrategy have recently begun to invest large sums of money into the asset, normalizing its viability as an investment for some. Mike Novogratz, CEO of Galaxy Digital, said Bitcoin
MicroStrategy’s $425M Bitcoin Bet ‘Elevating Firm’s Profile,’ Say Executives MicroStrategy executives said Tuesday its 38,250 bitcoin treasury is boosting the business intelligence company’s market visibility in Q3 as its revenue rose 6.4% year-over-year and notched a net loss of $14.2 million. On a non-GAAP basis, the company posted a profit of $19.8 million, or $2.06
MicroStrategy’s crypto holdings may be paying off more than its business Business intelligence firm MicroStrategy’s Bitcoin investment is paying off in a big way, with an estimated $100 million in profit. According to data published Oct. 27 by independent crypto researcher Kevin Rooke, MicroStrategy has earned more from its Bitcoin (BTC) investment than it did
New Siberian Bitcoin mining center set to provide 100 jobs to locals The governor of the Republic of Buryatia, Russia signed a decree allowing for the construction of a 13.6 acre data center in Southeastern Siberia. The facility will become home to a number of hi-tech activities, including a Bitcoin (BTC) mining operation. The facility will
VC calls Ethereum killers ‘toothless’ based on token allocation to insiders Mythos Capital founder Ryan Sean Adams called Ethereum killers “toothless” based on initial token allocation schemes that often prioritize insiders: Source: Twitter. Adams was referring to a recent Messari report, which summarized the token distribution for some of the most popular Ethereum (ETH) alternatives
Market Wrap: Bitcoin Jumps to $13.7K, Nearing 2019’s High; Ether Volatility Reverses Course Bitcoin made gains Tuesday toward its 2019 high while ether’s volatility rose after an October in decline. Bitcoin’s price was on a steady run upward Tuesday, hitting as high as $13,756.33 before settling down to $13,668, according to CoinDesk 20 data. It
Bitcoin investing interest up 19% compared to 2019, Grayscale report says Crypto investing firm Grayscale recently released its 2020 Bitcoin Investor Study. The report used data from a survey which digitally polled a sizable number of individuals in the U.S. between June and July. Grayscale found the majority of the surveyed people were keen on buying Bitcoin
BlockFi Takes 5% Stake in Grayscale’s $4.8B Bitcoin Trust [unable to retrieve full-text content] The crypto lender is only the second firm to disclose such a large GBTC stake, after Three Arrows Capital. Published at Tue, 27 Oct 2020 19:45:31 +0000
BlockFi Takes 5% Stake in Grayscale’s $4.8B Bitcoin Trust [unable to retrieve full-text content] The crypto lender is only the second firm to disclose such a large GBTC stake, after Three Arrows Capital. Published at Tue, 27 Oct 2020 19:45:31 +0000
