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October 18, 2022
Subscribe to Mining Memo
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Mining Market Update
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| Price |
$19,370 |
▲1% |
| Hashrate |
259 EH/s |
▲20% |
| Difficulty |
35.6 T |
▼13% |
| Revenue* |
$0.0702 |
▼20% |
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September Public Mining Updates: Argo, Marathon, Iris and More
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September mining proved to be a challenge for many miners. Not only did miners have put up with a large increase in Bitcoin’s difficulty, but inflation-goaded energy prices continue to eat into miner’s bottom line.
Bitfarms (BITF) beat out Hive Blockchain by the smallest of margins in terms of overall operational mining performance by EH/s, followed by Iris Energy (IREN) and Cleanspark (CLSK). Notable miners include DMG Blockchain, with an increase its daily average Bitcoin
production by 15.3%, and Marathon Digital doubling its daily production rate in September.
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| Year-to-date, the top position has again changed with Hive Blockchain now edging out Iris Energy as the most consistent operator by EH/s. Overall, the top four miners appear to be creating a gap with their consistent operational updates. |
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Continue reading
here.
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Argo Blockchain takes action to strengthen its balance sheet
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Argo raised some $111 million after going public a little over a year ago. A deepending bear market and difficulty getting units online has changed the miners metoric trajectory. We take a look at Argo's financial moves since.
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Get Tickets Today For The Texas Blockchain Summit!
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The Texas Blockchain Summit is back in Austin, Texas, Nov 17-18! The premier event will bring policymakers, Bitcoin miners, and recognized influencers to discuss Bitcoin, blockchain and crypto space.
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Mining News Feed
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Bloomberg / EU Puts Bitcoin in Crosshairs With Crypto Energy Labeling Plan
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Northern Data / Northern Data Parts With Chief Operating Officer
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The Block / Digihost is latest bitcoin miner stock to face delisting, trading below $1
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CoinDesk / A Huge Glut of Bitcoin Mining Rigs Is Sitting Unused in Boxes
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| Hashprice, a value for the revenue generated by Bitcoin miner's per unit of hashrate, fell below $0.07 after the lastest difficulty adjustment. Hashprice valued in sats also fell, collapsing below 400 satoshis. |
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The 2021 bull market saw a surge of hashrate hit public markets. Months later, most of those miners face their first bear market, backed by unfamiliar retail investors. We take a look at who is performing, who's in trouble and what equities might be worth paying
attention too.
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Watch on YouTube here.
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| Ebang |
9.33% |
$0.34 |
$2.42 |
| Riot Blockchain |
0.91% |
$6.30 |
$46.28 |
| Hut 8 |
0.77% |
$2.04 |
$16.57 |
| Cleanspark |
0.01% |
$3.26 |
$23.60 |
| Bit Digital |
0.01% |
$1.08 |
$14.25 |
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*As of Tuesday, October 11th
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About Compass: Compass is a Bitcoin mining and modern media company focused on driving the mass adoption of cryptocurrency mining.
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