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Is It Still Possible to Do Bitcoin Mining At Home In 2024? Remember the gold rush days when people flocked to California with dreams of striking it rich? Well, the digital age has its own version: Bitcoin mining. Let’s dive in and explore this exciting world together and analyze the mining profitability! https://lnkd.in/gzb5s6S2 #yesmining #bitcoin #bitcoinmining #homemining #asicminer

Core Scientific August 2024 Production and Operations Update is out! -358 self-mined #Bitcoin -5,275 self-mined bitcoin year-to-date -~90 customer-mined bitcoin -24.8 J/TH average self-mining fleet efficiency -20.5 EH/s self-mining energized hash rate -Removed bitcoin mining infrastructure from 2 of our existing facilities “Our team has been very busy preparing some of our sites for modification to support our HPC hosting contracts and optimizing operations at our bitcoin mining sites. We have removed bitcoin mining infrastructure from two of our existing facilities in preparation for selective interior demolition and have redeployed the miners removed from those facilities to our bitcoin mining sites." - CEO Adam Sullivan Full report here: https://bit.ly/4ebelD9

Introducing the Antminer L9 (17Gh) from Bitmain, the latest in cutting-edge mining technology for Scrypt-based cryptocurrencies like Litecoin (LTC) and Dogecoin (DOGE). With an impressive maximum hashrate of 17Gh/s, this miner offers top-tier performance for those looking to maximize their crypto mining profits. The L9 is designed for large-scale and serious miners, with its high efficiency and advanced technology to handle intensive workloads. #cryptomining #crypto #antminer #bitmain #scrypt

It has been almost a week since the Bitcoin halving. How have Bitcoin mining companies been affected by it? Mining companies' Bitcoin production increased strongly on the halving day as there was a spike in network transactions and transaction fees. As a result, they were able to earn high amount of Bitcoin. However, miners' daily production are now below pre-halving levels as fees eased and the block subsidy (new bitcoin issued) was cut in half. How do their Bitcoin production evolve as they face increasing competition, expand capacity, transaction fees change, etc? With CryptoQuant data you can monitor the production of Bitcoin mining companies in real time. We cover the largest, publicly traded mining companies: Marathon (MARA), CleanSpark (CLSK), RIOT (RIOT), Core Scientific (CORZ) and Bitfarms (BITF). Take a look: https://lnkd.in/e8e-_JeM

Per the most recent data, we are a month away, or precisely 30 days, from the fourth Bitcoin halving event. This significant milestone will cut the mining rewards from 6.25 bitcoins per block to 3.125 bitcoins per block after the halving. The summary below outlines the essentials to grasp the changes occurring during the halving, Source link # # # # # # #

Fractal Bitcoin transaction fees surge, median mining fee reported at 12,000 Sat/byte, unconfirmed transactions reached 17,298 txns #cryptonews - According to BlockBeats, on September 15, according to OKLink browser data, Fractal Bitcoin transaction volume surged, the number of unconfirmed transactions reached 17,298 txns, transaction fees continued to rise, and the median miner fee was reported at 12,000 Sat/byte. source https://lnkd.in/gJvsx7Mf

⚡️ It's that time of year again! Our CoinShares Q3 #bitcoin mining report is here. Written by James Butterfill, Head of Research, and Max Shannon, Research Analyst, this report will reveal a moderate rise in the average cash cost of mining bitcoin. While TeraWulf became the lowest cost producer, Riot Platforms, Inc. and MARA both increased their bitcoin production quarter over quarter. To learn more about Q3 bitcoin mining and to get an outlook for Q4, read our report: https://lnkd.in/eNATjpyv

According to Bitcoin.com, CoinShares' latest third-quarter mining report shows that the cost of Bitcoin mining has climbed to a record level. If only cash expenses are calculated, the production cost of each Bitcoin is about $49,500; if additional expenses such as depreciation and stock compensation are included, the average cost is as high as $96,100. Chief researcher James Butterfill pointed out that despite the high costs, miners are still expanding their infrastructure and plan to invest further in anticipation of future price increases. #mining #Bitcoin MinerSource.shop

How Did The 2024 BTC Halving Impact The Industry?: In April 2024, Bitcoin experienced its fourth halving event, which decreased the reward for mining new Bitcoin. Drawing on past halving events, many investors expected substantial price increases following the event. However, despite initial enthusiasm, Bitcoin's price exhibited more modest movements than anticipated. In this article, we analyze the broader implications of the halving, including market maturity, changes in investor behavior, and the role of institutional money in shaping price trends post-halving. Additionally, we examine how the landscape of Bitcoin mining has shifted with the increasing presence of mining companies and renewable energy sources, impacting profitability in a halving environment.Continue To Read... https://lnkd.in/gKZNp6Ct

The future of Bitcoin mining is glowing with potential! 🌟 As adoption continues to rise and innovations push the boundaries, Bitcoin mining is set to transform the financial landscape. With more efficient hardware and sustainable energy solutions, mining is becoming increasingly accessible and lucrative. The road ahead is filled with opportunities for growth and advancement. #BitcoinMining #Bitcoin #Innovation #Sustainability #FutureFinance