Bitcoin Madenciliği
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.
How Crypto Miner Griid Is Tackling Bitcoin's Energy Challenge
Harry Sudock, VP of Strategy at bitcoin mining firm Griid, responds to bitcoin's growing environmental, social, and corporate governance (ESG) concerns, discussing how Griid is procuring renewable energy to supply a portfolio of bitcoin mining facilities. "We have an overwhelmingly carbon-free and renewable-focused portfolio, not because we have an ESG mandate, but because that's the way we achieve the best results," Sudock said. Plus, insights into miners migrating out of China and whether this is a greener way forward.
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.
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.
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."
Where Will the Miners Go Following China’s Renewed Crypto Crackdown?
The calendar may provide a clue to China’s recent crypto crackdowns, with some saying it is at least plausible the Chinese authorities would send a strong warning to the crypto industry in the weeks leading up to July 1, the 100th anniversary of the Chinese Communist Party.
Is Now the Time to Buy Bitcoin?
QCP Capital Co-Founder and CIO Darius Sit discusses mixed signals for bitcoin and whether this is a smart time to invest now. “Bitcoin is “the king coin,” Sit said. While Ethereum can potentially trade higher than bitcoin, he said he believes that bitcoin will hold value better in the long run.
Challenges and Opportunities for Bitcoin Mining in North America
Zack Voell of Compass Mining breaks down his comprehensive report on mining entitled "North American Bitcoin Mining Index (NABMI)." He discusses the key findings and crypto market implications from six months of data analysis on "companies, capital, and energy mix powering Bitcoin mining in North America."
Why Bitcoin Mining Hashrate Dropping to 1-Year Low Following China Crackdowns Is Good News for Miners
China's continued crypto crackdowns have been a blow for mining operations based in the country, but for miners in other parts of the world, it might be good news. Bitcoin's hashrate, a measure of the computational power working to secure the blockchain network, dropped to its lowest since May 2020. Meanwhile, the BTC mining difficulty could see a 25% decrease in July. "The Hash" hosts unpack why this is a windfall for active miners outside of China.
