Global Crypto Mining News (Nov 28 to Dec 4)
1. Hashrate Index points out that the supply shock of miners and lenders dumping machines could put significant downward pressure on the ASIC market in the coming months; due to these factors, ASIC prices will keep falling considerably. But as mining machine prices fall, the payback period for buying a bitcoin miner is shortening, with an estimated payback period of 29 months at the moment, 58 months in July of this year, and 47 months for buyers in September. 2. Binance is launching a new batch of Cloud Mining products for BTC mining. Users may now complete subscriptions to Cloud Mining products to purchase hashrates, and start accumulating mining rewards in their Funding Wallets. The estimated mining start time is 2022–12–04 04:00 (UTC). 3. In a speech to the Texas Blockchain Council, Texas Governor Greg Abbott says the states is open for Bitcoin business and wants to be the home of digital asset innovation, adding that his state “wants to be the centerpiece of that.” Previously, Texas was home to a large number of mining operations due to cheap electricity and favorable regulatory policies.(CryptoSlate) 4. Bitcoin miner Hut 8 has seen some of its operations disrupted by a breakdown in its relationship with electricity provider Validus, which claims that Hut 8 has failed to make regular payments and has therefore suspended energy deliveries to Hut 8’s North Bay, Ontario, Canada facility, which contributes about 20 percent of Hut 8’s overall hash rate. 5. According to Glassnode, Bitcoin’s network computing power has recently dropped from a high of 272 EH/s to 238 ETH/s, with a drop of about 13%. In addition, the Bitcoin network will see a mining difficulty adjustment in about a week, with a 5.8% drop in difficulty. 6. According to Russian newspaper “Kommersant”, demand for ASIC miners for cryptocurrency mining has grown significantly, with distributor Chilkoot’s sales in two months of the fourth quarter exceeding those of the entire third quarter. The cost of mining equipment fell by almost 20 percent from August to October alone, thanks to lower purchase prices. 7. Luxor, a provider of mining software services, announced the completion of its SOC 2 Type 2 audit and strategic investments and partnerships with Hivemind, Black Creek Digital, NYDIG, Bentaus and Bitsure. The company plans to use this latest funding to expand and refine these existing software and services, and bring new products to market in 2023. 8. Compass Mining, a firm that brokers bitcoin mining machines and hosting services primarily to retail clients, said it is offering its first protection product so that customers can safeguard their bitcoin mining machines. The new “low cost” plans protect in case of fire, theft, government action and electrical damage, said Will Foxley, director of content at Compass and a CoinDesk contributor. Compass doesn’t own the facilities where its clients plug in their machines. It acts as a broker between customers and facilities owners. The newly launched product is available to customers hosted in Texas, South Carolina, Nebraska and Oklahoma partner sites. Compass will expand it to other sites after completing the initial rollout to its core clients.(CoinDesk) 9. According to The Block Research, bitcoin miners earned $472.64 million in revenue in October, down 19.9% from a year ago. Most of that revenue came from overall incentive subsidies ($460 million), with only a small portion coming from transaction fees ($12.32 million), which accounted for about 3% of total revenue. 10. Alameda/FTX invested a total of about $1.15 billion in mining company Genesis Digital, the predecessor to Genesis Mining, which attracted widespread attention because of a lawsuit with with a company in Fuzhou, China, involving 500,000 graphics cards. The $1.15 billion in assets may now have shrunk significantly.(Bloomberg) This post is sponsored by TSE. Top Speed Energy (www.tsedata.com) is committed to spearheading the definition of cryptocurrency mining services in North America. With years of experience in the local natural gas landscape (original website: www.topspeedenergy.com), on top of run-of-the-mill Grid-powered Bitcoin mining facilities, TSE also extends to set up 100% natural gas-powered facilities as well as 100% hydroelectric ones across a plethora of states and provinces in USA and Canada, including but not limited to Texas, Ohio, North Dakota, British Columbia, and Alberta. TSE features a double-shift operation and maintenance team, delivering one-hour response promise to ensure the streamline operations of clients’s miners all year around. Being a local player in North America, TSE poses itself as a trustworthy partner to international clientele — it can assist foreign clients with local incorporation registry, tax planning among with legal advice to help them enter the North American mining market safely and worry-free, in a compliant way. Follow us Twitter: https://twitter.com/WuBlockchain Telegram: https://t.me/wublockchainenglish |
Key phrases
Older messages
Asia's weekly TOP 10 crypto news (Nov 28 to Dec 4)
Sunday, December 4, 2022
Author:Lily Editor:Colin Wu 1. FTX's weekly summary 1.1 Singapore government faces parliament grilling over FTX fallout link Prime Minister Lee Hsien Loong and Deputy Prime Minster Lawrence Wong
Weekly project updates: Ideal case of ETH withdrawals, Telegram to build DEX, etc
Saturday, December 3, 2022
1. ETH's weekly summary a. Ideal situation is to start ETH withdrawals next March link The developers revealed that Shanghai currently is guaranteed to include the following EIPs: EIP-3651(Warm
VC Monthly Report: Financing Amount in Nov. was only $840M, another record low
Saturday, December 3, 2022
Author: WuBlockchain According to the statistics of Messari, there were a total of 65 open investment projects of crypto VC in November, down 9% MoM (71 projects in October 2022) and 55% YoY (143
WuBlockchain Weekly:BlockFi goes bankrupt、European FTX hearing、Ankr attacked and Top10 News
Friday, December 2, 2022
Top10 News 1. Crypto lender BlockFi files for Chapter 11 bankruptcy link BlockFi filed for Chapter 11 bankruptcy protection and has laid off a large portion of its staff, given its hefty exposure to
A 10-year look back: the evolution history of Crypto investment
Thursday, December 1, 2022
Author: Defidao Original link: https://mp.weixin.qq.com/s/ojgTUSDCz-2QdSpBejI6jw It took FTX two years to sit on the second-in-command position, but it fell to the altar overnight. The valuation of
You Might Also Like
Your bi-weekly crypto insights 📊
Thursday, April 25, 2024
Top data-driven insights from across the crypto space, to keep you ahead of trends. This week's top insight: Sei TVL per active address grew 10x since Flipside Crypto Onchain Insider Your bi-weekly
BlackRock’s historic 71-day streak ends as IBIT Bitcoin ETF sees zero inflows
Thursday, April 25, 2024
Fidelity and Ark only ETFs to record inflows as Bitcoin ETFs begin to cool off. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Your Last Chance to Make BANK on Crypto
Thursday, April 25, 2024
Open This or Miss Out
Inside Parcl: Trade Real Estate Like Never Before?
Thursday, April 25, 2024
Parcl, a pioneering Solana-based platform, aims to revolutionize the real estate market by introducing liquidity to this traditionally illiquid asset class. It created a comprehensive real estate index
Reminder: The 2024 Bitcoin Halving Has Successfully Been Completed
Thursday, April 25, 2024
We bring you the top stories in crypto every week! Stories like... Monday April 22, 2024 Sign Up Your Weekly Update On All Things Crypto TL;DR The 2024 Bitcoin Halving Has Successfully Been Completed
April 30 set for historic launch of Bitcoin and Ethereum ETFs in Hong Kong
Wednesday, April 24, 2024
Competitive fee structures revealed for new Bitcoin and Ethereum ETFs in Hong Kong. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 💧Ethereum Liquid Restaking Drives DeFi TVL to 2-Year Highs
Wednesday, April 24, 2024
Ethereum liquid restaking drives DeFi TVL to 2-year highs. Cronos unveils Spring Odyssey campaign powered by Galxe. Runes launch fueled Bitcoin miners' earnings to surge. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 💧Ethereum Liquid Restaking Drives DeFi TVL to 2-Year Highs
Wednesday, April 24, 2024
Ethereum liquid restaking drives DeFi TVL to 2-year highs. Cronos unveils Spring Odyssey campaign powered by Galxe. Runes launch fueled Bitcoin miners' earnings to surge. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
OKX Web3 On-Chain Anti-Phishing Security Trading Guide
Wednesday, April 24, 2024
Aurthor: OKX Web3 As we enter a new cycle, the risks of on-chain interactions are becoming increasingly exposed with the rise in user activity. Phishers typically use methods such as creating
You’re Not Going to Believe This
Tuesday, April 23, 2024
Massive Surprise Inside