Why There is no Profit for Small Bitcoin Miners in 2022

Due to the exponential rise of the bitcoin difficulty factor, frustrated bitcoin miners are storming the Ethereum network. According to the Cryptocurrency Mining Index, a large number of miners are shifting their hashing power to the Ethereum blockchain. According to blockchain.com, the current bitcoin difficulty factor is 29.8 trillion.

Timeline of Bitcoin

Following a volatile weekend of trading, cryptocurrency prices consolidated to start the week, with BTC close to its long-term floor. Overall, bitcoin was trading marginally below $30,000, with ETH hovering slightly above $2,000. Bitcoin BTC started the week trading below $30,000 following a volatile weekend of trading, which saw prices mainly consolidate. Following a rise

Bitcoin briefly recovered above the $30,000 level and its 100-hour simple moving average. The top crypto by market capitalization has had a rough past week as its price nosedived below the $25K level, causing panic across the crypto market.

The crypto lending platform has revealed plans to list its mining subsidiary on the stock market. The post Celsius announces plans for an IPO of its bitcoin mining subsidiary appeared first on The Block.

Bitcoin's future as a payments network is weak due to its inefficiency, high environmental impact and lack of ability to scale, CEO and founder of crypto exchange FTX Sam Bankman-Fried told the Financial Times in a Monday (May 16) report. “The Bitcoin network is not a payments network and it is not a scaling network,”

The Luna Foundation Guard, the organization responsible for the Terra ecosystem led by Do Kwon, has released information regarding its missing reserve funds. The post Luna Foundation Guard reveals where missing 80K BTC reserves went appeared first on CryptoSlate.

Crypto influencer Anthony “Pomp” Pompliano says that Bitcoin's on-chain transparency will be the next major selling point for investors.  Speaking in a recent episode of “The Best Business Show”, Pompliano told viewers that the transparency of Bitcoin's on-chain data will be increasingly appealing to investors. Pomp cautioned that while on-chain data is not “some magical

Closely followed macro analyst Lyn Alden says that Bitcoin (BTC) is likely approaching a “deep value” range as certain metrics start to signal a bottom is in. In a new interview with Blockware Intelligence, Alden says Bitcoin's current price range is presenting opportunities for market participants who have a long-term investment thesis on BTC. “I The post Bitcoin in ‘Deep Value' Area as One Metric Hints at BTC Bottom, Says Macro Expert Lyn Alden appeared first on The Daily Hodl.

Long positions on Bitcoin have hit an all-time high on Bitfinex as they spike over 60% in a day. The post Bitcoin long positions spike 60% on Bitfinex appeared first on CryptoSlate.

David Marcus, former cryptocurrency head at Meta, is launching Lightspark, another payments company that will use crypto as its central payment tool. The startup, which will have Marcus at the helm as CEO, also features some of Meta's former employees and will explore the possibilities of using the layer 2 Lightning Network (LN) as a

FTX's founder has taken a swipe at Bitcoin (BTC) over its inefficiency in settling transactions and has thrown his weight behind the proof-of-stake (PoS) consensus mechanism. The post FTX Founder Downplays Bitcoin's Chances as an Efficient Payments Network appeared first on BeInCrypto.