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Crypto Lenders' Woes Worsen as Bitcoin Miners Struggle to Repay Debt

bloomberg.com Crypto Lenders' Woes Worsen as Bitcoin Miners Struggle to Repay Debt Bloomberg

Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs

bitcoin.com During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on…

Crypto Lenders’ Woes Worsen as Bitcoin Miners Struggle to Repay Debt

yahoo.com (Bloomberg) -- Beleaguered crypto lenders are being dealt another blow from Bitcoin miners as they weather the aftermath of the FTX collapse. Most Read from Bloomberg…

Hash Ribbon Reversal Signals Bitcoin Miner Capitulation Phase

newsbtc.com Bitcoin and other cryptocurrencies are feeling the effects of the negative trends occurring in the market. The crypto winter predicted to wind up in early November by some…

Will $17k Bitcoin trigger recovery or further miner selling pressure?

watcher.guru Steering away from the FTX contagion, Bitcoin [BTC] was making its way onto $17K. After residing in the bearish arena for quite some time, BTC managed to figure its way out.…

The future of crypto is at stake in Ethereum’s switch

economist.com It is 2pm Universal Coordinated Time (utc) on August 18th and all over the world people are dialling in to a fortnightly “core developers” Zoom call, which is broadcast live…

Non-whale investors buy $4.7 billion worth of Bitcoin in a month

todayq.com According to on-chain data, some non-whale Bitcoin investors appear to have had no problems with the cryptocurrency bear market or the fear, uncertainty, and doubt (FUD)…

Bitcoin Miners’ Sell-Pressure Most Aggressive in 7 Years

watcher.guru Owing to the bear market extension, miners and mining firms continue to be distressed. Right from defaulting loans to posing quarterly losses, prominent names like Iris…

Hut 8 Halts Bitcoin Mining Facility Amid Energy Dispute

blockworks.co Bitcoin miner Hut 8 is seeking mediation with a third-party energy supplier after relations broke down over a shared power purchase agreement — bringing some of its…

Hash Ribbon Reversal Confirms Bitcoin Miner Capitulation Phase

cryptopotato.com Hash ribbons have just formed a death cross which has been a leading indicator for Bitcoin miner capitulation in previous cycles. Hash Ribbon indicators use simple daily…

Bitcoin Hash Rate Slump Likely to Impact ASIC Prices

beincrypto.com BTC prices are not the only thing in decline at the moment. Following recent record highs, the Bitcoin hash rate is also decreasing sharply. The Bitcoin hash rate has…

Bitcoin’s Mining Difficulty Expected to Drop Significantly, Retarget Could Be 2022’s Largest Reduction

bitcoin.com Bitcoin miners could catch a break in a week or so, on or around Dec. 5, 2022, as the next difficulty retarget is expected to see a significantly large reduction. Estimates…

Bitcoin Miners Selling, Miner Capitulation Period is Here By CoinEdition

investing.com Will Clemente, the co-founder of Reflexivity, stated that Bitcoin miners are selling aggressively. He shared a tweet analyzing the Bitcoin miner’s net position change to…

Historic Bitcoin Miner Capitulation In Full Effect

newsbtc.com The collapse of the crypto exchange FTX is causing a historic event in the Bitcoin market. Yesterday, on-chain data signaled the second wave of a Bitcoin miner capitulation…

Bitcoin capitulations abound

cointelegraph.com Being three weeks removed from the FTX collapse, Bitcoin (BTC) analysts are combing through data to decipher whether more selling will continue or if a bear market floor has…

Bitcoin records biggest negative hash rate adjustment in a year

cryptoslate.com Bitcoin records biggest negative hash rate adjustment in a year Bitcoin is struggling to break above $16K, but there are increased signs of unsustainability with the Hash…

Bitcoin Miners Starting to Feel the Pinch While BTC Shrimp Addresses Hit New High

beincrypto.com The Bitcoin miners are in trouble as the bear market intensifies, whereas the shrimp addresses hit a new high. After a new all-time high of $69,000 in Nov. 2021, Bitcoin…

Why The Bitcoin Miners’ Revenue Hit Lowest Point Since 2020

newsbtc.com Many crypto investors are still skeptical about the profitability of Bitcoin mining. This is not surprising considering the growing rate of energy prices in recent times.…

Bitcoin Miners Selling 135% of Their Profits: Details

u.today The tumbling of the cryptocurrency market and the problematic state of Bitcoin mining put enormous pressure on cryptocurrency miners who had no other choice but to liquidate…

New BTC miner capitulation? 5 things to know in Bitcoin this week

cointelegraph.com Bitcoin (BTC) prepares to exit a grim November just above $16,000 — what could be on the menu for BTC price this week? In a time of what analyst Willy Woo has called…

Number of Bitcoin Holders at All-time High amid Market Uncertainty

coinspeaker.com Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too…

Another BTC Drop Incoming? Bitcoin Miner Capitulation Likely According to Analysis

cryptopotato.com Bitcoin’s price is struggling above the $16K mark, and it seems that more troubles might be coming. Data shows that miners might be having hard times, as their revenues are…

Diamond diggers in South Africa's deserted mines break the law

npr.org Tommy Trenchard for NPR toggle caption Jefferson Ncube, an illegal diamond miner from Zimbabwe, works on his latest tunnel at an abandoned De Beers mine near Kleinzee, South…

Cutting Down On Pool Fees May Become a Necessity For..

cryptodaily.co.uk Ongoing bearish market conditions continue to drive crypto prices down further. For Bitcoin miners, that means a fine line between breaking even or turning a loss. Finding…

Bitcoin Miners’ Revenue Lowest Since November 2020

cryptopotato.com The revenue Bitcoin miners receive is tumbling amid the depressing market conditions and lower prices. Somewhat expected, as the BTC dollar value goes down, so do the…

Are BTC HODLers losing faith in exchanges? Recent data suggests…

ambcrypto.com Bitcoin HODLers remove their BTC from exchanges - Miners continue to face pressure; however, retail and whale investors start showing an interest in BTC Santiment, in a new…

Bitcoin mining revenue lowest in two years, hash rate on the decline

cointelegraph.com The revenue earned by Bitcoin (BTC) miners fell to two-year lows owing to poor market performance and a heavier computational demand amid rising network difficulty. However,…

Bitcoin miners wipe out entire 2022 balances in capitulation

cryptoslate.com Bitcoin miners wipe out entire 2022 balances in capitulation On-chain data by Glassnode shows the balance on BTC miner wallets has dropped to January 2022 levels. Miner…

Bitcoin: How these exchange metrics could affect BTC’s performance

ambcrypto.com Bitcoin exchange outflows had not halted, hitting new highs since the past week - Miners’ asset flow into exchanges could negatively impact investors’ expectations of…

Bitcoin [BTC] holders planning to go long should read this first

ambcrypto.com Bitcoin’s average dormancy witnessed a spike, which indicates higher selling pressure - Bitcoin’s volume and MVRV ratio continued to decline. According to a new CryptoQuant…

Glassnode and CryptoSlate Deep Dive: How a cold winter is impacting Bitcoin miners and why the fear has just begun

cryptoslate.com Special offer⚡ For a limited time, you can save 40% on a monthly or yearly Glassnode Advanced plan and access the data and insights which are helping thousands of crypto…

Copper Mining Grows at Last But Now Smelters Can’t Keep Up

yahoo.com (Bloomberg) -- Copper miners are boosting output at last after several years of anemic performance. But it may not be enough to meaningfully lift stockpiles from…

Bitcoin Hashrate Declines As Mining Difficulty Stays At ATH Levels

bitcoinist.com Data shows the Bitcoin mining hashrate has been on a decline recently as the difficulty is currently at all-time high levels. Bitcoin Mining Hashrate Is Down Almost 7% From…

Gold Miners Ordered to Sell 20% of Refined Bullion to Ghana

bloomberg.com Gold Miners Ordered to Sell 20% of Refined Bullion to Ghana Bloomberg

Is Bitcoin Mining Worth Your Time and Money?

thecryptobasic.com Mining cryptocurrencies is one way to own crypto coins or tokens without having to invest money. But the question is, however, whether or not it is worth your time and money…

Is Bitcoin Mining Going To Yield You Profits in the Coming Times?

thecryptobasic.com Well, our answer for this is… it’s complicated. In the beginning, Bitcoin mining was a lucrative pastime for early investors who could earn 50 BTC from the comfort of their…

India Considers Selling Stakes in Its Mammoth Coal, Zinc Miners

bloomberg.com India Considers Selling Stakes in Its Mammoth Coal, Zinc Miners Bloomberg

Is caution an option for Litecoin [LTC] investors going forward

ambcrypto.com Litecoin’s hash rate and difficulty skyrocketed - Metrics and Galaxy Score seemed optimistic too - However, the RSI and MFI were near the overbought zone on the charts…

Bitcoin Miners Now Face Darkest Situation Since 2015

bitcoinist.com Bitcoin, considered the largest cryptocurrency in terms of market capitalization, will be exiting the month of November with trading prices that are significantly lower than…

Bitcoin miners look to software to help balance the Texas grid

cointelegraph.com Although Bitcoin (BTC) mining remains a controversial topic, it’s becoming more common to hear how Bitcoin mining can help balance grid demand. This is being demonstrated in…

100,000 BTC Sold or Redistributed by Whales in Past Two Days: Report

u.today Analyst Ali Martinez has taken to Twitter to share some of the latest data on the amount of Bitcoin shoveled by mid- and large-sized whales. Besides, he tweeted that Bitcoin…

New York governor signs first-of-its-kind law cracking down on bitcoin mining

cnbc.com New York Gov. Kathy Hochul signed a law on Tuesday banning certain bitcoin mining operations that run on carbon-based power sources. - For the next two years, unless a…

Bitcoin Miners Operating in New York State Must Use 100% Renewable Energy or Leave. An abusive new law requires of the Bitcoin mining industry what New York…

substack.com Bitcoin Miners Operating in New York State Must Use 100% Renewable Energy or Leave. An abusive new law requires of the Bitcoin mining industry what New York State does not…

Bitcoin Miner Core Scientific Lost $435 Million in the Third Quarter

wsj.com Things aren’t exactly improving for bitcoin miners. The companies that operate the computer equipment upon which the bitcoin network operates have been roiled over the past…

Bankers pour cold water on red hot coal By Reuters

investing.com By Sarah McFarlane and Clara Denina LONDON (Reuters) - It's the best of times, it's the worst of times. At least when it comes to mining coal. After years of decline, demand…

Bankers pour cold water on red hot coal

reuters.com Summary - Companies - Coal miners struggling to fund expansion plans - Thermal coal costs more than coking coal after price surge - Most Western bankers pulling back from…

Ravencoin Jumps 10% as Binance Pool Adds Support

247wallst.com Ravencoin (RVN) surged more than 10% after Binance Pool announced support for the token. The move comes as miners look for alternative Proof-of-Work (PoW) tokens since…

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