The top two Bitcoin mining pools, Foundry and Antpool, increased their dominance in 2023.
Hashrate aggregators are fighting to capture market share, relying on primary pools for block creation and managing rewards, posing both opportunities and risks to network decentralization.
Several Bitcoin mining pools came and went in 2023, highlighting challenges and innovations in the industry.
Study presented a new methodology for estimating Bitcoin's energy consumption using data patterns from mining hardware.
Mining process involves searching for a special number called 'nonce' and each mining machine leaves an identifiable pattern.
The study estimated Bitcoin's power draw at 13.4 GW in May 2023, which is around 16% less than Cambridge University's estimate, showcasing the importance of accurate analysis in the cryptocurrency industry.
Bitcoin miners have seen a boost in revenue from Inscriptions despite some challenges with chain splits and indexing issues.
American mining operations are facing challenges from bankruptcy, severe weather, but have maintained a strong foothold in the global hashrate landscape.
Miners are enjoying a Q1 revenue rebound, but are struggling with increased energy costs and the potential impact of a proposed 30% excise tax on mining operations in the U.S.