Bitcoin mining—the process that keeps the Bitcoin network running—has gone from massively profitable to barely profitable. LeeChiaJian, a keen observer of the crypto landscape, investigates the recent dramatic drop in Bitcoin miner revenue and explores the long-term sustainability of mining operations under the current conditions. This example analysis provides significant...
Bitcoin’s hash rate — a rough proxy for bitcoin security — has had a chaotic 2023, with a sudden collapse in bitcoin security followed by an extraordinary recovery. This change is driven by a confluence of factors. Environmental conditions, geopolitical events and the seasonal nature of energy production add additional...
Let's cut to the chase. Is Bit Digital dropping Bitcoin mining for a complete Ethereum takeover? That's not just smart, it's practically visionary. And here’s why it should have you as equally excited.Power to The Community!This isn't just about swapping one crypto for another, it's about aligning with a philosophy....
Mining giant CoreWeave has re-upped its bid to purchase Core Scientific. Is this a stroke of genius, or might it be a potentially riskier bet that sinks them in deep water? Let us explore the pragmatic realities, shall we? Disregard the fantasyland promises. We’re not just playing with monopoly money,...
Bit Digital’s choice to abandon Bitcoin and fully commit to Ethereum staking has reverberated throughout the crypto landscape. The market's reaction? A swift kick to their stock price. But aside from the short-term pain… What does this strategic U-turn truly signify for investors such as you and I? Let's dissect...
Bit Digital's recent announcement to ditch Bitcoin mining and go all-in on Ether (ETH) staking has sent ripples through the crypto community. Are they visionary strategists or are they lemmings just following the herd over the cliff? The answer, as with nearly everything pertaining to crypto, is highly nuanced. Let's...
Bit Digital Inc. (BTBT) is making a drastic business model change. The firm, which had previously built its business around Bitcoin mining, is seeking a new direction after going bankrupt last year. It is in the process of reorienting the DAO towards ETH (Ethereum’s native currency) staking and treasury management...
Okay, so the ETH ETFs are here. Confetti cannons went off, champagne (okay it was almost definitely sparkling cider, let’s be honest) went flying. We saw that price bump, right? A nice 17% increase once the Iran/Israel threat dissipated. Feels good, doesn't it? Just like at last, at last, Ethereum...
Bitcoin’s hashrate plummeted, raising fears and provoking wild speculation among bitcoiners. The decline, which began in mid-June, coincided with both geopolitical events in Iran and rising electricity costs, raising concerns about the network's stability and the profitability of Bitcoin mining. A full explanation remains well beyond our grasp. The juxtaposition...
Bitcoin mining is on the cusp of a major difficulty adjustment that could be the largest we’ve witnessed since China’s crypto crackdown. Sounds like good news, right? Think again. As some are spending time popping champagne corks, others are looking down the barrel of a financial gun. This may seem...
Ethereum seems to be going through a major influx of interest and investment, resulting in a breakout price movement. There are at least five interconnected reasons for this rally. Substantial institutional inflows, Robinhood’s recent foray into Layer 2 solutions, and shifting supply dynamics are all major factors. This article breaks...
Okay, let's be real. You've probably heard the buzz: Ethereum's on the rise. This isn't just another pump-and-dump story. We’re not just talking about a change, we’re talking about a large fundamental shift, a tectonic plate movement in the financial landscape. Put aside all the fancy charts and graphs for...
Okay, let's talk crypto. You've seen the headlines: Solana ETF launched, but...crickets? The hard underperformance in relation to Ethereum is raising a lot of eyebrows. Truthfully, it ought to enrage you. Is the SEC slightly, or perhaps less so, shading Solana, while golden-childing Ethereum? It sure feels that way.SEC's Stance:...
Robinhood’s taking a similar plunge into Ethereum—with their own Ethereum Layer-2 network. Institutional investors are pouring billions into ETH. Almost a third of all Ether is currently locked, creating a potential supply squeeze as we described here. So it’s all rosy futures and unicorns for the Boomer generation, yeah? Maybe....
We're told staking is the future. A future of trustless banking, enhanced privacy, and generating crypto yield. How do we know this utopian dream isn’t just a very well masked desert mirage twinkling in the distance? I think it's time we acknowledge the elephant in the digital room: staking, as...
Okay, let's be real. Almost everyone assumed Solana would moon after the ETF launch. I mean, a Solana ETF! It makes this clunking sound, like a rocket ship poised for lift-off. Thus far, the story the numbers are telling is the exact opposite. Ethereum is still king. Why? Here’s my...
Cryptocurrency staking is undergoing a historic sea change. New approaches like Distributed Validation Technology (DVT) and Rainbow Staking are paving the path forward. These innovations are more than just incremental progress. They represent an important step toward a more decentralized, accessible, and resilient staking ecosystem. This article looks in depth...
Forget boring bank accounts! Staking crypto is on the verge of blowing up and you’ll want to be in place to win big when it does. Think of it like this: your crypto is throwing a party, and you get paid to attend. It’s no longer enough to simply HODL—the...