Bitcoin may be the hardest money known to man, but Bitcoin mining is plagued by 7 big structural problems sending smaller firms to the wall. Bitcoin miners make an invaluable contribution to the security of the hardest money known to man, but its a risky and challenging way to make a buck. Between 5,000 and 10,000 Bitcoin miners operate across the world, ranging from solo miners to massive corporations. It takes an average of 12 years for a solo miner to find a block meaning they do it for love and the lottery-like chance of striking big. Some organizations operate hundreds of thousands of Antminers. To earn a living wage from Bitcoin mining, youll need to operate between 200 and 1,000 machines depending on your electricity costs, according to analyst General Kenobi from Demand Pool. The worlds largest miner, Marathon Digital, operates 385,000 machines and has a hashrate of 57 exahash per second. Read more
Bitcoin may be the hardest money known to man, but Bitcoin mining is plagued by 7 big structural problems sending smaller firms to the wall. Bitcoin miners make an invaluable contribution to the security of the hardest money known to man, but its a risky and challenging way to make a buck. Between 5,000 and 10,000 Bitcoin miners operate across the world, ranging from solo miners to massive corporations. It takes an average of 12 years for a solo miner to find a block meaning they do it for love and the lottery-like chance of striking big. Some organizations operate hundreds of thousands of Antminers. To earn a living wage from Bitcoin mining, youll need to operate between 200 and 1,000 machines depending on your electricity costs, according to analyst General Kenobi from Demand Pool. The worlds largest miner, Marathon Digital, operates 385,000 machines and has a hashrate of 57 exahash per second. Read more
Bitcoin may be the hardest money known to man, but Bitcoin mining is plagued by 7 big structural problems sending smaller firms to the wall. Bitcoin miners make an invaluable contribution to the security of the hardest money known to man, but its a risky and challenging way to make a buck. Between 5,000 and 10,000 Bitcoin miners operate across the world, ranging from solo miners to massive corporations. It takes an average of 12 years for a solo miner to find a block meaning they do it for love and the lottery-like chance of striking big. Some organizations operate hundreds of thousands of Antminers. To earn a living wage from Bitcoin mining, youll need to operate between 200 and 1,000 machines depending on your electricity costs, according to analyst General Kenobi from Demand Pool. The worlds largest miner, Marathon Digital, operates 385,000 machines and has a hashrate of 57 exahash per second. Read more
An early BNB investor turned $1,000 into $1 million as the token hit the $1,000 price level for the first time, highlighting long-term holding strategies in crypto markets. A long-term cryptocurrency investor turned $1,000 into $1 million, underscoring the payoff from patient holding strategies of digital assets. The “diamond hand” cryptocurrency holder turned their original $1,000 BNB (BNB) investment into over $1 million, marking a 1,000-fold return in eight years. The investor acquired their stash for just $1,000 when the Binance ecosystem’s native token traded for around $1 back in 2017, according to blockchain data platform Lookonchain. Read more
XRP’s bull flag pattern signalled the continuation of an uptrend toward $15, driven by institutional demand after the likely launch of spot exchange-traded funds. Key takeaways: A classic XRP price chart pattern puts $5-$15 in play this cycle. XRP enters mainstream finance with REX-Osprey’s XRP ETF launch. Read more
Binance co-founder warned about North Korean hackers after the white hat SEAL team uncovered the profiles and fake names of 60 impersonators. North Korean hackers are stepping up efforts to infiltrate cryptocurrency companies by posing as IT workers, raising fresh security concerns for the industry, according to Binance co-founder Changpeng “CZ” Zhao and a team of ethical hackers. CZ sounded the alarm Thursday on X about the growing threat of North Korean hackers seeking to infiltrate crypto companies through employment opportunities and even bribing exchange staff for data access. “They pose as job candidates to try to get jobs in your company. This gives them a “foot in the door,” specifically for employment opportunities related to development, security and finance, CZ said. Read more
Bio Protocol secured $6.9 million in funding from Maelstrom Fund, Animoca Brands and other investors to advance science using AI and crypto. Decentralized science (DeSci) platform Bio Protocol secured backing from investors including Maelstrom Fund and Animoca Brands to expand its artificial intelligence-native biotech research framework. Bio Protocol announced Wednesday that it had raised $6.9 million in funding, reflecting growing interest in decentralized approaches to drug discovery that integrate AI, blockchain and community engagement. Maelstrom founder Arthur Hayes described Bio Protocol as a potential “category-defining launchpad” for scientific research. “If it works, it’s not just a launchpad – it’s the birth of an AI-native research market,” he said. Read more
Bitcoin has a new key resistance zone to flip back to support as US Fed rate-cut reactions continue to play out in crypto bulls' favor Key points: Bitcoin bulls are busy flipping key levels back to support; can they crack $118,000 next? New all-time highs are on the horizon if the Fed reaction uptrend continues. Read more