Bitcoin Mining
Valkyrie CIO and Co-founder Steven McClurg: Bitcoin in Rangebound Until End of Summer
Bitcoin was holding support around $33K Tuesday and is down about 5% over the past week. The cryptocurrency had a choppy trading session during Asia hours and is stuck in a tight range since June. Valkyrie CIO and co-founder Steven McClurg discusses the outlook for bitcoin and whether it will break out soon. "I definitely see us stuck here over the summer," he said, commenting on bitcoin's trajectory. Plus, why McClurg says he thinks inflation is not transitory and the impact of China's crypto crackdowns on bitcoin's price and hashrate.
Market Wrap: Bitcoin Consolidates Amid China Crackdown
China’s announcement preceded choppy price moves around $34,000, which left traders with little sense of direction.
How Bitcoin’s Hashrates Affect Its Price
Crypto miners in China are migrating elsewhere in response to the country’s continued crackdowns. CrossTower Research Analyst Martin Gaspar discusses the impact of bitcoin’s hashrate on its price and why this matters. “Bitcoin’s price and hashrate have been very correlated over time… so they tend to move with each other,” Gaspar said.
LSE-Listed Argo Blockchain Is Weighing Listing on Nasdaq
Argo also said it mined 167 bitcoin in June, compared with 166 in May.
Marathon Digital Reports 17% Increase in Bitcoin Production for June
The publicly traded mining company generated 654.3 bitcoins in Q2, more than triple its Q1 haul.
Bitcoin Mining Difficulty Records Largest Drop in History, Price Jumps
Miners who remain operational are likely to become even more profitable over the coming weeks.
Are Greater Rewards Going to Bitcoin Miners Outside of China?
CoinDesk Managing Tech Editor Christie Harkin and "First Mover" Editor Brad Keoun joins "All About Bitcoin" host Christine Lee for a global outlook on next week's crypto markets activity and whether the worst is China crackdowns are behind us.
Greenidge Generation to Expand Bitcoin Mining With South Carolina Plant
Two-thirds of the electricity at the site is sourced from zero-carbon sources such as nuclear power.
Bitcoin Mining Council Says Sustainable Power Mix on the Rise
According to a new survey by the Bitcoin Mining Council, bitcoin mining has increased to 56% sustainable energy consumption in the second quarter of this year. Councilmember Jaime Leverton of crypto mining firm Hut 8 digs into the data on sustainable mining, discussing bitcoin's heated energy debate. Leverton also addresses concerns that Hut 8 is a "dirty miner," affirming Hut 8 is "looking at programs to involve carbon offsets, and build out a framework... to become more sustainable over time."
