Author: NBTC
Investors continue to pay a premium for miners diversifying into AI and HPC data centers, despite pure-play miners gaining market share. Marathon, Riot and CleanSpark all saw higher production numbers in September than August. Marathon produced more bitcoin in September than in any other month since the April halving. Disclosure: The author of this story owns shares of the following bitcoin miners: IREN (IREN), MARA Holdings (MARA), Cipher Mining (CIFR), Bitfarms (BITF), Riot Platforms (RIOT) and CleanSpark (CLSK). Bitcoin (BTC) miners are facing the strangest sort of existential threat in this era of scant profits: They can pivot to powering…
Tether facilitates cross-border transactions using traditional currencies across the blockchain, eliminating volatility. Solana combines PoH and PoS to improve scalability for decentralized applications, attracting traders and developers alike. USDC is a stablecoin pegged to the U.S. dollar, aimed at making cashless transactions more secure across various industries. The Solana ecosystem is bound to be one of the most explosive in DeFi, with tokens that have enormous growth potential. As more and more developers and traders move toward the chain due to its innovative technology and high scalability, some tokens within the ecosystem are closer to mooning. This guide reveals the…
Anthony Scaramucci has confirmed being a Solana holder and once again predicted massive tokenization. In his keynote speech at the at Breakpoint 2024 event, SkyBridge Capital founder has shared his view on the cost of financial transactions and the future of crypto. According to him, the big reason for tokenization of finance is the general lack of trust among people, which contradicts the practice of having multiple parties involved in transactions. On the other hand, about $7 trillion are spent globally each year merely on transaction verification. “Hopefully, the tokenization will happen on Solana, because I own a lot of…
Neiro on Ethereum, the CTO version, has locked its X account. The token, picked out to gain a liquid Binance spot market, has locked its relatively harmless page of memes. Neiro on Ethereum (community controlled) has locked its X handle, @neiroethcto. The move caused puzzled reactions, precisely because a community coin would cut off its potential community. The Binance-listed NEIRO version has caused controversy since its start. The asset is a community takeover of the previously launched Neiro on Ethereum, which also included early token sniping and whale holdings. In August, the competing coin also briefly locked its X account,…
MARA, one of the largest bitcoin miners in the public market, has kicked off an exciting new pilot program aimed at powering its operations with excess natural gas from U.S. shale, as noted in a report from Reuters. This initiative emerges amidst an ongoing battle for electricity between artificial intelligence (AI) data centers and bitcoin mining operations. MARA’s New Pilot Project Uses Excess Shale Gas to Fuel Bitcoin Mining MARA’s program, which launched last month, is set to generate 25 megawatts of power using natural gas that would otherwise go to waste at shale oil sites in Texas and North…
The Bitcoin (BTC) price has resumed its upward momentum and has risen above the moving average lines. Price analysis by Coinidol.com. Long-term forecast for the BTC price: bullish On September 13, buyers kept the price above the moving average lines, although there was selling pressure at the $60,000 high. Bitcoin price retraced above the 21-day SMA support and recovered. After the breakout, the cryptocurrency climbed to a high of $64,200. On the other hand, Bitcoin is expected to reach a high of $65,000 during the current surge. The rally may not continue above the $65,000 peak. Since August 23, the…
Injective’s daily active addresses surged 2,000%, surpassing 1 billion transactions, highlighting growing interest in its blockchain. INJ 3.0 introduces a 400% increase in token burns, strengthening Injective’s position as a highly deflationary crypto. In October 2, with the total number of transactions hitting an amazing 1 billion, Injective’s daily active on-chain addresses soared by more than 2,000%. Fascinatingly, just two days before, active addresses had already clearly increased. Though the surge was less spectacular, it nevertheless indicated a steady increase in user involvement since it exceeded the 30-day average. This consistent activity indicates that, in spite of market swings, Injective…
Public Bitcoin miners saw their daily revenues fall for a third month in a row in September, and the decline coincided with a rise in the network’s difficulty, creating a challenging environment for the industry. According to a report by JPMorgan, the Bitcoin network’s hash rate rose to 643 exahashes per second (EH/s) in September, a 2% increase from August. Despite this increase, miners’ earnings per EH/s fell 6% from the previous month, to an average of $42,100. This drop in revenue comes despite Bitcoin, the world’s largest cryptocurrency by market cap, gaining about 7% during the month, recouping most…
BlackRock, the world’s largest asset manager, recently sounded alarm on the ballooning U.S. debt, which now tops $35 trillion, and forecasts a potential dollar crisis. Consequently, the firm is showing increasing interest in Bitcoin. U.S. Debt Fuels Bitcoin Adoption With a massive $10 trillion in assets under management, BlackRock is concerned about the rapid rise in U.S. federal debt, which increases by $1 trillion every 100 days. With the debt climbing, BlackRock sees rising interest from institutions turning to Bitcoin as a hedge against possible economic instability. The company’s chief investment officer and other key leaders highlighted these concerns in…
When I first came onto the Bitcoin scene in 2017, I had changed my Twitter (now X) handle to “@nikcantmine.” (It was a joke I thought was funny at the time since I didn’t have the resources to mine BTC in high school.) But today, I officially became “nik CAN mine”. The other week I got gifted a Bitaxe, a fully open source (and very small) bitcoin miner, while attending the Human Rights Foundation’s Bitcoin Summit in Nashville. It’s a pretty neat device that allows you to connect to a mining pool or solo mine on your own. nik CAN…