Miners Stop Accumulating Miner net position gives the change of supply held in miner addresses....The green bars on the chart display periods where miners have been accumulating....Over the past 2 months, miners have been continuously accumulating BTC, even as prices fell from 55k...

Networks Plummet Alongside price, usage of the top two blockchains also took a big hit as evidenced by miner...The percentage of miner revenue contributed via transaction fees for Bitcoin and Ethereum have fallen...

Miners Back to HODL Recently, miners have started to HODL their BTC mining rewards....Years ago, this was a bullish sign because miners held higher market-moving abilities....After 3 miner reward halvings, this net position represents a much smaller percentage of the total circulating...

Miners turned into net sellers after weeks of accumulation (most likely attributable to Chinese miners...Miners Net Position Flipped Negative Complementary to the hashrate exodus, miners as a whole are now...We see this translating into miners selling off inventory....As of today miners have made $100m from Flashbots ?

Chart of The Day: Pain for Minters and Gains for Miners Yuga Lab’s Otherdeed for Otherside had its...Chart of The Day: Pain for Minters and Gains for Miners Yuga Lab’s Otherdeed for Otherside had its mint...

A higher hash signifies miner confidence in the network....Checking In On Miners Next, we are looking at miners in our tour of Bitcoin entities....Bitcoin miners are a fundamental part of the Bitcoin ecosystem....The network pays miners in BTC for their security....In a very real way, the Halving will cut miner revenue in half.

Miners Forced to Offload BTC Given the price of BTC and miners’ distressed financial position, it should...be no surprise that miners have been selling their stock of BTC....Recently, miners seem to be selling everything to keep their firms afloat....The increase in energy prices was horrible news for miners, as PoW is energy-intensive.

Its former owner Argo Blockchain (a Bitcoin miner) was in desperate need of capital and sold the facility...(~$3MM-$5MM/MW EBITDA; see following pg.), many Bitcoin miners are also attempting to pivot towards...Bitcoin miners without signed deals are playing catch-up and facing an uphill battle.

Arweave, Solana, and Polygon (14:15) GMX Dashboard Insights (27:57) Art Gobblers Recap (38:45) Bitcoin Miner...Join us for a discussion on Meta's NFT partnerships, GMX dashboard insights, Art Gobblers, and Bitcoin miner...

Chart of The Day: ETH Hashrate Declines The Ethereum hashrate is the processing power used by miners...The drawdown in prices means that miners now earn less in dollar value....to a Proof-of-Stake chain, the difficulty bomb will be applied, making it completely unprofitable as miners...

Join Tommy Shaughnessy from Delphi Ventures as he hosts Logan Allen, Founder of Zorp and Nockchain, for a deep dive into Nockchain, a novel proof-of-work L1 blockchain, and its implications for decent...

Miner revenue improved in May, but the recovery remains mostly price-driven....Despite the price rally, miners are not earning more Bitcoin just more fiat....With price doing the heavy lifting, miner profitability looks healthy for now....After months of steady distribution, miners shifted to net accumulation in early May.

Chart of The Day: Mining Competition Heats Up Mining difficulty is defined as how difficult it is for miners...As more miners enter the network to compete for blocks, this pushes the hash rate and difficulty up in...Chart of The Day: Mining Competition Heats Up Mining difficulty is defined as how difficult it is for miners...

When the chain is busy, numerous transactions enter the mempool and miners struggle to add them quickly...To encourage miners to prioritize their transactions, users can increase the transaction fee....On the other hand, inscriptions are an important source of revenue for struggling miners securing the...After every halving, the reward for miners is cut in half. ...

But the fee increase is a godsend to struggling miners and could help with Bitcoin’s overall security...Users have to pay fees to miners to store that data in a block....Bitcoin users pay fees in sats to miners to send transactions....If a user spends an inscribed sat as a fee to a miner, that miner now has the inscription.

Chart of The Day: BTC Miners Send Hash Rate Soaring Hash rate is defined as the total combined computational...For context, a higher hash rate is indicative of more miners securing the network by verifying the blockchain...than 50% at the start of 2021, but as the ban started taking effects, it has since dropped to 0% as miners...

Elizabeth Warren and Roger Marshall introduce a bill that will bring KYC rules to wallet providers and miners...BTC miners continue to foot electrical costs that exceed the revenue generated from mining operations...such as hardware, bandwidth, wages, rent, insurance, etc., the level of pressure continues to mount on miners...

As a refresher, Satoshi designed Bitcoin to pay miners both transaction fees and block rewards....For example, the smaller block reward and lack of on-chain fees may force more miners to sell BTC to...Others see it as a boon to miners and Bitcoin’s security as they have a new source of fees.

China Piling Up FUD, Miners Net Dumping, and Hashrate Decentralization.

More specifically, the electrical cost associated with BTC mining is the primary driver behind miners...To put it simply, BTC miners are now footing an electrical bill that exceeds the income generated from...A higher hash rate equates to higher difficulty, which lowers miners’ profitability....miner profitability is at these prices.