With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $ 50 and hovering just above $ 47 per …
There are 34 days left until the Bitcoin network’s halving event, expected on or around April 20, 2024, which will reduce miners’ rewards by half. Bitcoin’s price has remained above $ 60,000 throughout March, reaching close to $ 74,000 on March 14. Between onchain fees and the price increase, these factors could offset …
Recent statistics reveal that for the past 75 days, starting from Nov. 6, 2023, the average transaction fee on the Bitcoin network has consistently stayed over $ 5. Additionally, since Dec. 4, 2023, these fees have predominantly been over $ 10, with a single exception occurring when it briefly fell to $ …
Only five percent of surveyed South African crypto-asset financial service providers (FSPs) are generating revenue between $ 8 million and $ 10 million. The Financial Sector Conduct Authority study found that many of the crypto asset FSPs “earn their revenue from trading fees.” Only 10% of FSPs Derive Income From Both Regulated and …
Canaan Inc, the crypto miner and mining rig producer, said the company’s overall revenue in Q3 stood at $ 33.3 million or some $ 40 million lower than the Q2 revenue. According to the company’s CEO, stagnant bitcoin prices and rate hikes by the U.S. Federal Reserve were some of the key factors …