The Lightning Network, Mining Metrics and Hut 8's 2022

Published: Tue, 12/20/22

December 20, 2022
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What miners should know about the Lighting Network

The Lightning Network’s viability has seen increased debate this past year. Introduced in 2015, many heralded the Lightning Network as one of the final steps toward hyperbitcoinization.

Sobering discourse on Twitter cleared the frothy hype around Lightning in 2022, forcing the community to reflect on the progress made thus far.
 

What was supposed to usher in Bitcoin payments–from social media micro consumption, tolls for private roadways, and purchasing coffee at your local cafe–has not. More than four years after the Layer 2 network’s first transaction, how much is Lightning actually used for payments?

Continue reading here.

The most misunderstood Bitcoin mining metrics

Common misconceptions about Bitcoin mining data can lead to severe misunderstandings about the state of the industry.

Click here to continue reading

Livestream! Join Coin Metrics and Compass' 2022 Review

We're kicking back with the Coin Metrics team to go over 2022's mining numbers on Wednesday, December 21 at 10:00 am EST. Join us at the link to your right!

Click here to watch

Lofi Mining Holiday Radio | Jingles To Mine / Hash To

Working on ASICs this holiday? Sitting around the fireplace looking at pool payouts? We've got a playlist for you!

Click here to watch.

Mining News Feed

The Block / Bitcoin mining jumps 3.27% after substantial dip. What does luck have to do with it?

 

CoinDesk / Bitcoin Miner Greenidge Reaches Debt Restructuring Deal With NYDIG as Bankruptcy Looms

 

CoinDesk / Kazakhstan Tightens Regulation for Miners, Looks to Develop Broader Crypto Industry

Chart of the Week

A new research report from CoinShares shows decreased interest in using Bitcoin's 'Op_Return' feature for anchoring assets on top of Bitcoin. The opcode has been used by many merge mining schemes for adding more functionality to the Bitcoin blockchain.

(Source: CoinShares)

Today we are joined by Sue Ennis, VP of Corp Development at Hut 8. We discuss Hut 8’s conservative growth strategy, building out alternative lines of revenue and hodling an 8,000+ Bitcoin stack.

Watch on YouTube here.

Mining Stock Snapshot

*As of Tuesday, December 20

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