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How This BTC Mining Firm Could Spark Growth

There are many people out there that refer to Bitcoin as ‘digital gold’ and if it is such a thing, investors may be better off looking for a way to mine it instead of outrighting buying it. Traditional mining companies are great proxies for their underlying commodity. Oil drilling and lithium mining firms around the world have a simple but effective business strategy which is to deploy the cash to set up a mining infrastructure, hire miners, extract and ship. If the costs of mining fall and the market price of the commodity increases, this will result in the prices...

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People Are Investing In Bitcoin Mining Gear Again

A sudden decline in Bitcoin and cryptocurrency mining took place through 2018 for two key reasons. First of all, rising costs for energy and expensive mining equipment made the set up of mining operations far more costly than they used to be. Secondly and more importantly though, the decline in the value of Bitcoin set mining profits crashing. Because a single Bitcoin is worth far less than it used to be just one year ago, the action of mining went from a profitable one, to a financial drain and thus, people had to stop. The full scale of this decline...

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How Miners Blossom During A Bear Market

Even though this past year wasn’t a very positive one for the cryptocurrency space, the crypto miners and mining firms had an even worse time! Due to the prolonged bear market and the massive drop in prices, many miners are either facing the music and shutting down their shops or keep on fighting in the hope that mining would become profitable again. As written by the Daily Hodl, “It seems that the only profitable options are to place mining operations in an area with cheap electricity or resort to switching software and mining the most profitable option at the given...

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Did Bitcoin Miners Shoot Themselves In The Foot By Advocating For Bigger Blocks?

Throughout the history of Bitcoin’s block size limit controversy, one part of the ecosystem that always seemed in favor of a larger block size limit was miners. Whether it was a proposal for an uncapped block size limit or SegWit2x, miners showed their support for a variety of hard-forking increases to the block size limit over the years. Various mining-related companies such as Bitmain and ViaBTC are also huge supporters of the Bitcoin Cash altcoin, which was created out of the scaling wars. Unfortunately for miners, they don’t control Bitcoin, so the protocol has yet to receive a block size...

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Ethereum Mining Rewards Are Down

According to recent reports, the daily mining rewards for Ethereum mining have hit new all time lows. This comes as the cryptocurrency markets continue to sink as a result of a very heavy bear market that is crushing the hopes of investors, worldwide. Of course, low mining rewards aren’t a huge problem, though this does highlight that the bear market is having an impact on more than just the value of Ethereum. According to Ethereum World News: “On February 10th, 13,370 ETH was created, a substantial drop from new coin creation logged in December 2018 at over 20,000 ETH per...

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