 |
|
October 11, 2022
Subscribe to Mining Memo
|
|
Mining Market Update
|
| Price |
$19,100 |
▼5.8% |
| Hashrate |
259 EH/s |
▲21% |
| Difficulty |
35.61 T |
▲13.5% |
| Revenue* |
$0.0677 |
▼22% |
|
|
|
|
|
Three Future Revenue Streams For Bitcoin Miners
|
|
If you have a Twitter account, use a blockchain explorer or tend to your own Bitcoin node, you possibly came across some discomforting information yesterday: Bitcoin’s difficulty went up 13%.
We have no hopium to sell you in this article. Mining will only get more difficult from here on out, as additional hashrate comes online. Hashprice will drop further and margins will squeeze until the highest cost miner capitulates.
With these troubling thoughts in mind, other sources of revenue become top of mind. Other networks and tweaks to Bitcoin itself are also worth attention. Let’s look at three future cryptocurrency-based solutions for increasing mining revenue, in the near and
far term.
|
|
Continue reading here.
|
|
|
|
|
Get Tickets Today For The Texas Blockchain Summit!
|
|
The Texas Blockchain Summit is back in Austin, Texas, Nov 17-18! The premier event will bring policymakers, Bitcoin miners, and recognized influencers to discuss Bitcoin, blockchain and crypto space.
|
|
|
|
Mining News Feed
|
|
Reuters / Analysis: Chip industry rethinks Taiwan risk after Pelosi visit but options limited
|
|
|
|
CoinDesk / Bitcoin Miner Argo Blockchain Raises $27M to Ease Liquidity Pressures, Shares Plunge 15%
|
|
|
|
CNBC / The software used in bitcoin mining is getting its first big makeover in more than a decade — here’s what’s changing
|
|
|
|
Bloomberg / Crypto Services Firm Luxor Unveils Derivative for Bitcoin Mining
|
|
|
|
|
|
 |
| Bitcoin's difficulty adjusted by 13.55% Monday, from 31.3 trillion to 35.6 trillion. A self-reflective mechanism, difficulty changes as the time to send a bitcoin transaction deviates away from ten minutes. Hashprice, a measurement of revenue generated by miners from the network, is now at an all time low, per Hashrate Index. |
|
|
|
 |
|
Bitcoin is an app-chain, or at least that's what some developers want to see. We sit down with Starkware's Louis Guthmann to talk about how zero knowledge rollups could bring scalable applications to Bitcoin while solving Bitcoin's fee problem.
|
|
Watch on YouTube here.
|
|
|
|
|
|
| Mawson |
3.43% |
$0.49 |
$15.60 |
| Ebangc |
2.57% |
$0.37 |
$2.42 |
| Canaan |
2.42% |
$3.09 |
$11.19 |
| Bit Digital |
3.66% |
$1.09 |
$14.25 |
| Hive Blockchain |
5.01% |
$3.51 |
$28.00 |
|
|
*As of Tuesday, October 11th
|
|
|
|
|
About Compass: Compass is a Bitcoin mining and modern media company focused on driving the mass adoption of cryptocurrency mining.
|
|
|
|
Did a friend forward this email? Sign up here.
Want more Compass content?
|
|
|
|
|
|
|
