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Bitcoin's price plunge drags down mining stocks: Hut8, MicroStrategy among those plummeting
Bitcoin's price plunge drags down mining stocks: Hut8, MicroStrategy among those plummetingBitcoin's price recently fell below $96,000 per coin, dropping nearly 2%, triggering a collective downturn in cryptocurrency mining stocks. Among the hardest hit, Hut8 saw its share price fall over 9%, MicroStrategy over 6%, BitDigital over 5%, Riot Platforms over 4%, and Coinbase over 3%
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Bitcoin Back at the Peak: Price Nears All-Time High, Mining Difficulty Hits New Record
Bitcoin Back at the Peak: Price Nears All-Time High, Mining Difficulty Hits New RecordBitcoin is once again the center of attention in the digital currency market, with its price surging to $68,000 per coin, just a stone's throw away from its all-time high of $73,000 reached in April 2021, with a gap of less than 8%. Currently, Bitcoin's price is stable around $68,200, registering a 4% increase in the last 24 hours
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Macquarie Bullish on Bitcoin Mining Companies, Citing Institutional Value Transfer and AI Application
Macquarie Bullish on Bitcoin Mining Companies, Citing Institutional Value Transfer and AI ApplicationMacquarie has initiated coverage on Bitcoin miners including Riot Platforms (RIOT.US), Marathon Holdings (MARA
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Pingzhi Information Response: Company-produced Servers Cannot Be Used for Bitcoin Mining
Pingzhi Information Response: Company-produced Servers Cannot Be Used for Bitcoin MiningOn September 8th, an investor inquired on an interactive platform about whether the AI servers produced by Pingzhi Information could be used for Bitcoin mining. In response, Pingzhi Information stated that the company's servers cannot be used for Bitcoin mining
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Why Are Gold Stocks Not Rising When Gold Prices Are? Unveiling the "Leverage Failure" of Gold Mining Stocks
Why Are Gold Stocks Not Rising When Gold Prices Are? Unveiling the "Leverage Failure" of Gold Mining StocksIn the investment world, it's often said that "when gold prices rise, gold stocks will follow suit." However, this isn't always the case
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Binance Launchpool Lists Notcoin: Telegram Mining Game Ignites the Market
Binance Launchpool Lists Notcoin: Telegram Mining Game Ignites the MarketBinance, the world's largest cryptocurrency exchange, announced on May 9, 2024, that it will launch its 54th new coin mining project, Notcoin, on its Launchpool platform. Notcoin is a Telegram mining mini-game based on the TON blockchain
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Binance New Coin Mining: FDUSD or BNB, Which Is Right for You?
Binance New Coin Mining: FDUSD or BNB, Which Is Right for You?Binance New Coin Mining has always been a popular way for users to acquire new coins and earn additional income. Recently, Binance New Coin Mining activities can only be participated in using BNB and FDUSD, and there are differences in the yield rate between the two
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Bitcoin's "mining" severely damages the Earth's environment
Reported by Reference News Network on November 15thAccording to the website of Discovery magazine on October 31st, mining resources on Earth can have a devastating impact on the environment, both locally and globally. Not only that, the use of extracted resources can also have catastrophic consequences for our planet, and a country relying on a single resource can seriously damage its economy
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Bitcoin Mining Enterprise Position and Capacity Report: The total holdings of the top 14 mining enterprises are far less than MicroStrategy
Number of BTCs held by Bitcoin mining companiesThe Bitcoin mining company with the most BTC holdings is MarathonDigitalHoldings, which holds 13726 BTCs, accounting for 35% of all well-known Bitcoin mining companies' BTC holdings.It operates over 150000 mining equipment with a total computing power of 23
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Is personal mining of Ethereum illegal?
Personal mining with Ethereum virtual currency mining is not illegal, but violations may result in penalties once discovered.Currently, China has not officially introduced relevant laws, so virtual currency mining is not illegal
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Science popularization: What is Bitcoin? How is mining carried out? Is virtual currency really stable?
On May 28, 2021, Bitcoin experienced a short-term decline of $800, with a single day sharp drop of over 6%. According to relevant reports, Bitcoin's unit price rose from $9000 to 64000 in a year, and then fell below 30000
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Bitcoin has fallen below $10000 and the entire network has sold out 7 billion yuan. Is it a market crash or a new type of mining that is sucking blood?
Reporter | Zou LuhuiEdit|After experiencing a three month bull market, Bitcoin fell below $10000.According to the Coinmarketcap website, on the early morning of September 3rd, Bitcoin plummeted by over 10% in the short term, breaking below the $10000 mark and dropping as low as $9960, breaking a new low since July 27th, with a 24-hour drop of 9