Cryptocurrency miners are considering relocating to the Middle East due to the impacts of the halving and potential U.S. mining taxes driving the search for cost-effective operational bases.
Bitcoin's appeal is waning as both NFT interest and mining activity have declined, despite a recent price increase. This indicates a potential shift in the market, casting doubt on Bitcoin's future prospects.
Bitcoin's mining sustainability is challenged by declining fees and rewards. A $65 million Bitcoin transaction was executed on the Tron network, raising questions about Bitcoin's stability and miner incentives.
JPMorgan updates Bitcoin production cost to $45,000 due to changes in mining hashrate. The post-halving hashrate decline is slower than expected, possibly stabilizing at $42,000.
Increased cryptocurrency mining and erratic weather patterns have resulted in electricity shortages in Laos, threatening its status as a major hydropower exporter in Southeast Asia.
Canaan Inc. has released the Avalon A1566, a new ASIC Bitcoin mining machine with air-cooling, as part of the Avalon Miner A15 series at Bitcoin Asia 2024.