Mining | Crypto

Mining margins weaken as hash price declines and rig payback periods stretch, even as listed miners rally on analyst upgrades and new HPC agreements. Profitability across the Bitcoin mining industry is facing new strain amid rising network competition and declining revenue conditions. Bitcoin miners are facing a fresh squeeze as the network’s hashrate — a measure of the total computing power competing to secure the Bitcoin network — climbed to a record 1.16 ZH/s in October while Bitcoin’s (BTC) price fell toward $81,000 entering November, according to a report by The Miner Mag. Hashprice, which tracks miner revenue per unit of computing power, fell below $35 per hash, dropping under the $45/PH/s median total hashprice reported by public mining companies. The decline leaves several operators approaching breakeven levels. Read more

The following is a guest post and opinion from Jill Ford, Founder of Bitford Digital. The DOJ’s seizure of roughly $1 million tied to BlackSuit ransomware is more than just a win against cybercrime. It’s a sign that crypto is maturing under regulatory scrutiny. Contrary to the myth of anonymity, most on-chain activity leaves a traceable ledger, and […] The post Mining can be crypto’s first line of defense—if it embraces radical transparency appeared first on CryptoSlate.