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In April, pseudonymous researchers Mononaut and 0xB10C confirmed a long-held suspicion that Bitmain influenced a concerning percentage of the bitcoin mining network. Today, follow-up research confirms the sway of Bitmain over ‘proxy’ mining pools. Although bitcoin miners are technically able to switch mining pools as they wish, this research reveals that as a practical matter, many of them rarely if ever switch away from Bitmain-led work templates. A detailed follow-up  Analysis  applied a weighted similarity score of transaction ordering and block templates across 37% of Bitcoin’s hashrate. The Analysis revealed that many supposedly independent mining pools are mostly passing along Bitmain-templated work to their miners. Based on the template similarities, I ended up with these possible pool relationships. These pools together have about 37.6% of the network hashrate. However, it's far from proven that the same entity is behind pool these. pic.twitter.com/iyqVtGYqPx — b...

TLDR: CoinShares stated in a report that Bitcoin miners Could gravitate towards the AI sector to bolster revenue after BTC halving. Borroe Finance ($ROE) is an AI-funding marketplace for Web3 participants to trade future earnings. Borroe Finance ($ROE) is positioned to witness substantial growth during the next phase of the bull run, according to several analysts. CoinShares says Bitcoin miners could switch to AI after Bitcoin halves CoinShares published a report on April 22 affirming the possible migration of Bitcoin miners to the AI sector following the much-anticipated BTC halving . According to the report, this move will be a strategic decision to increase their revenue. Bitcoin halved on April 20, when miners’ rewards split from 6.250 BTC to 3.125 BTC. CoinShares revealed that leading Bitcoin mining firms like Hut 8 (HUT), Hive (HIVE), and BitDigital (BTBT) have begun milking AI.  Similarly, Core Scientific (CORZ) and TeraWulf (WULF) own r...

According to Foundry's data pool, Texas accounts for 28.5% of all Bitcoin hash rate in the United States. The U.S. state of Texas accounts for over 28% of all Bitcoin (BTC) hashing power in the United States, according to the latest Hashrate Map by crypto mining service provider Foundry USA.  The newly updated map shows Texas with 28.5% of all Bitcoin hash rate in the country, followed by the states of Georgia claiming 9.64% hash rate, New York with 8.75%, and New Hampshire accounting for 5.33%. Bitcoin's hash rate represents how fast a mining machine operates when trying to calculate a valid block hash. A snapshot of Foundry's pool in December 2021 shows a different picture. At the time, Texas controlled 8.43% of the country's hash rate, Georgia had 34.17%. Meanwhile, Kentucky stood at 12.40% and New York held 9.53% of the U.S. hash rate. Compared to 2021, more U.S. states are mining Bitcoin this year. Overall, by July 2023, the Bitcoin global hash rate had reached ...

BTC price action is causing some to panic, but Bitcoin miner confidence in the network is there for all to see. Bitcoin (BTC) network fundamentals are in no mood to follow bearish BTC price action this week. The latest on-chain data confirms that difficulty has hit new all-time highs, with hash rate not far behind. Bitcoin mining difficulty ends slump Despite BTC/USD dropping 10% last week, Bitcoin miners appear to be taking the price downturn in their stride. This was cemented in network activity on Aug. 22, as difficulty increased by 6.17% at its latest biweekly automated readjustment. Not only was this enough to take difficulty to new record highs, it marked Bitcoin’s sixth-largest difficulty uptick of 2023, figures from monitoring resource BTC.com show. Difficulty is a reflection of both miner competition and Bitcoin network security, and its upward trajectory suggests that miners are not yet struggling when it comes to profitability. The next automated readjustment is already d...

In March mining stocks increased at a slower pace compared to BTC, amid macroeconomic uncertainty and increasing competition among Bitcoin miners. Bitcoin mining stocks had a dull performance in March, with small moves here and there that followed BTC's price movement. While it is encouraging to see that most stocks held onto their impressive January gains, Bitcoin's price action will be crucial for the short-to-medium-term performance of these stocks. Additionally, the expansion of the public Bitcoin mining sector in the U.S. continues as American miners reported one of the biggest ASIC imports in January 2023. The delivery of new machines and an increase in the BTC price led to a surge in the network's hashrate to new all-time highs. Miners' incomes, however, are subdued by the rising network difficulty. Mining stocks are in wait-and-see mode Despite Bitcoin’s recent 18% rally, subdued performances of most mining stocks can be attributed to the uncertainty around the...