Bitcoin (BTC) miners appear to be selling large amounts of BTC once again. Data from CryptoQuant shows that the BTC Miners’ Position Index — a metric tracking the ratio of BTC leaving miners’ wallets — achieved a three-year high. This trend indicates that miners are likely selling BTC on over-the-counter or spot exchanges. On Dec. 10, two large miner-linked Bitcoin transactions were spotted right as the Miner’s Position Index abruptly spiked to levels unseen since 2017, according to data from CryptoQuant. First, around 800 BTC, worth $14.5 million, moved to Binance. Second, 11,852 BTC, equivalent to $215.9 million, moved to …

Bitcoin (BTC) mining continues to ramp up following the successful May 11 halving, but growing industry concentration could undermine the “democratization of hash rate,” according to a panel presentation at this year’s Mining and Investment Summit. Hosted by Matrixport and sponsored by Bitmain, the 2020 Mining and Investment Summit was held virtually Tuesday morning, bringing together the "leading companies in the fields of cryptocurrency mining and digital asset financial services.” In a presentation called “Bringing Bitcoin Mining to a Broader Market,” Thomas Heller of HASHR8 provided an update on the mining industry, including trends in ASIC demand. Heller indicated that …

For the past several months, miners around the world have been extremely active, which can be seen through spikes in hash rates that coincided with a significant increase in the prices of cryptocurrencies. At the beginning of 2020, Ether (ETH) could be bought for $130, and now, ETH has reached $500. The king of cryptocurrencies, Bitcoin (BTC), added almost a cool $10,000 to its price. So, how can users engage with the industry? What has been obvious for some time now is that solo mining is not the way to go. For Bitcoin, Ether and every major altcoin, the blockchain …

There are very few investments that can deliver an infrastructure-style downside case with a venture-capital-style upside. The combination of energy arbitrage with accumulating a balance sheet of Bitcoin (BTC) can deliver this. That is why we are seeing a rush of institutions pouring into the Bitcoin mining space and starting to build out megafacilities. Securing new-generation hardware At its peak performance in 2018, Bitmain was able to produce over 95,000 rigs per week. However, since that point, production levels have come down, a partial result of its ongoing legal battle. In the other corner, MicroBT is set to deliver hundreds …

Blockchain analytics platform BlockSeer has launched the private beta version of a new Bitcoin (BTC) mining pool — Blockseer Mining Pool — that censors transactions from blacklisted wallets. The pool will use BlockSeer and Walletscore’s labeling data, among other verified sources such as the United States Office of Foreign Assets Control, or OFAC, blacklist for crypto to identify BTC transactions it does not wish to process. The pool also requires all miners to pass Know-Your-Customer protocols. DMG’s chief operating officer, Sheldon Bennett, stated: “The pool is focused on being devoid of transactions from known nefarious wallets which use this medium …

Grin, a privacy-focused cryptocurrency built on the Mimblewimble protocol, has just suffered a 51% attack on its blockchain. According to a Nov. 7 tweet from crypto mining group 2Miners, an unknown group accumulated 57.4% of the total hash power of the Grin (GRIN) network on Saturday evening. 2Miners only had control of 19.1% of GRIN’s hash power, while sparkpool miners came in third at 18.9%. Grin Network Is Under the 51% Attack! Payouts are stopped. Please mine at your own risk only because the new blocks could be rejected.@grincouncil @grin_hub @Hotbit_news @Poloniex @kucoincom @gateio_info @CoinBene pic.twitter.com/6seDSRe8Qw — 2Miners (@pool2miners) November …

A new report by on-chain analytics provider CoinMetrics suggests that miners’ considerable influence on the Bitcoin network is slowly diminishing. The research analyzed miner and pool addresses and spending in order to determine whether their influence over the network as a whole had changed over time. As miners receive newly issued Bitcoin rather than buy it, they are natural net sellers of the asset. Measuring the net flows from two types of addresses associated with block rewards revealed that there has been a gradual reduction in miners’ effect on liquidity: “On-chain metrics like miners’ holdings and net transfer volumes indicate …

According to Ki Young Ju, CEO of CryptoQuant, capitulation by an unknown mining pool was responsible for the latest market dip. The miner who has produced 51 blocks over the past four days may be capitulating, reports Ki Young Ju. The 51 blocks produced by the mining pool came with a reward of 637.5 BTC, 9% of the total over that time period. Unknown Miner: Number & Percent of Blocks Mined This miner sells only when price is high Meanwhile, since May 20th (but not including today) the largest unknown mining pool — it has the fifth biggest hashrate — …

Leading cryptocurrency exchange Binance launched its mining pool "Binance Pool" on April 27. The pool will operate with zero fees until May 31, after which the rate will be set at 2.5%. The press release for the pool states that large miners can contact Binance to negotiate an extension of the fee-free period. Approximately 15 of Binance’s more than 1,000 employees work full-time towards the pool’s operation. Cross-platform integration Binance Pool supports both Proof-of-Work (PoW) and Proof-of-Stake (PoS) mining mechanisms. The pool is integrated with the rest of Binance’s platform — allowing miners to easily transfer funds between Binance Pool …

Although the Bitcoin hashrate has increased 33% in the last 48 hours the mining industry still faces uncertainties. This has left Baite mining pool, one of the top Chinese pools with no choice but dropping out of the mining race. According to local blockchain media on April 6, Chinese mining company Valarhash’s Baite mining pool hash rate decreased significantly from 4000 to 200 petahashes per second earlier in March. The pool decided to leave the Bitcoin mining business and possibly move into altcoin mining in the near future. Over 9% of Bitcoin hash rate used to link to Valarhash Valarhash …

Litecoin (LTC) founder Charlie Lee proposed mining pool donations as a new funding method for cryptocurrency development. “I think a better way to fund development is mining pools voluntarily donate a portion of the block reward,” Lee said in a tweet on Jan. 24, adding: “How about Litecoin pools donate 1% (0.125 LTC) of block rewards to the @LTCFoundation? If every miner/pool does this, it amounts to about $1.5MM donation per year!” With 1% donated on a consistent basis, Lee’s suggested solution would provide enough funding for Litecoin permanently going forward, Lee confirmed to Cointelegraph. He explained: “At current LTC …

The bitcoin (BTC) mining hashrate is becoming more distributed among mining pools, according to a report published by cryptocurrency research firm Diar on May 13. Per the report, smaller mining pools have made significant gains this year as unknown miners either drop off or change pools. Percentage of bitcoin blocks mined per mining pool. Source: Diar Unknown bitcoin miners had reportedly gone from solving 6% of the blocks at the start of last year to 22% by the end of 2018. However, the report claims that this trend has now reversed, as smaller pools have now solved between 23% and …