2024 was an extraordinary year for bitcoin, marked by an event of historical significance: the movement of five block rewards from 2009, which had remained untouched since they were mined. Last Year’s Genesis Echo On Sept. 20, 2024, between block heights 862,079 and 862,087, five ancient coinbase rewards, collectively worth 250 BTC, were spent. Bitcoin […]
The year 2024 marked a pivotal chapter in the cryptocurrency market, characterized by unprecedented developments, record-breaking milestones, and evolving trends, as reported by Coin Metrics’ “State of the Network” analysis by Tanay Ved. Inside 2024’s Crypto Transformation The cryptocurrency industry experienced substantial growth in 2024, spurred by the launch of spot Bitcoin exchange-traded funds (ETFs) […]
As 2024 winds down, the crypto economy has flourished, growing by an impressive $ 1.62 trillion in value over the year. Interestingly, nine of the top ten gainers for the year turned out to be meme tokens, with only one utility token breaking into the elite group. Meme Coins Take the Crown The crypto …
During the opening week of the year, the Kheavyhash algorithm—used for mining kaspa (KAS)—topped the profitability charts among proof-of-work (PoW) algorithms. Fast forward to today, and Scrypt has claimed the crown as the most lucrative choice for miners, particularly those extracting dogecoin (DOGE) and litecoin (LTC). Mining Algorithms Push Limits in a Historic Year As […]
According to the latest data, bitcoin miners pulled in $ 815.7 million from rewards and fees in September, marking their lowest earnings month of 2024, with $ 35.66 million less than August’s haul. Bitcoin Miners Earn $ 815.7M in September, Lowest Monthly Total of 2024 September was a tough month for bitcoin …