By The Numbers: Miners, Metrics and Market MovementsBig news for public miners, explore mining activity as price tries to advance, and some very interesting trends in network traffic.In this week's analysis, we focus on the performance of public miners, key shifts in mining activity, and notable trends in network traffic. As Bitcoin prices remain within a multi-month range, miners with large Bitcoin reserves have yet to see substantial benefits, while those focusing on rapid expansion are outperforming. We also keep you updated on industry news of earnings and acquisitions. The mining sector faces significant revenue challenges post-halving, and network activity data highlights the impact of recent transaction spikes on fees and mempool sizes. This report provides critical insights for investors navigating the dynamic landscape of Bitcoin. Latest Insights on Bitcoin MinersMost public miners have had a good 30 days, with the average return of 10% in USD terms, but have been down 5% in BTC terms. Most of the gains were concentrated in only a few companies like Iris Energy (IREN), Core Scientific (CORZ), and Bitfarms (BITF). With the price of bitcoin still in the months-old range, those with large bitcoin reserves are still not notably outperforming... Continue reading this post for free, courtesy of Bitcoin Magazine Pro.A subscription gets you:
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Friday, May 31, 2024
By The Numbers: Miners, Metrics and Market Movements
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