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May 10, 2023
Subscribe to Mining Memo
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| Price |
$28,206 |
▲2.45% |
| Hashrate |
341 EH/s |
▼2.5% |
| Difficulty |
48.01 T |
▼1.45% |
| Revenue* |
$0.010 |
▲17% |
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BRC-20 tokens pit Bitcoin developers against miners
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There’s a new problem on the Twitter timeline: BRC-20 tokens.
A nod to the ERC-20 token–the most common Ethereum token format–BRC-20’s are a type of Inscription under Ordinal theory responsible for the highest Bitcoin transaction fees since the last bull market. Indeed, dollars per petahash per day has spiked
nearly 100%, to $127/PH/day since BRC-20 mints started relentlessly pounding Bitcoin's blockchain.
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Click here to continue reading.
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Bitcoin Mining Stock Roundup: April Monthly Numbers
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Iris Energy and Marathon Digital were big winners in terms of deploying hashrate.
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Mining News Feed
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PR Wire / Atlas Power and Giga Energy Announce a Joint Venture to Harness Stranded and Flare Gas for Bitcoin Mining
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CoinDesk / Marathon Teams Up With Abu Dhabi's Zero Two for Middle East's First Large-Scale Liquid Cooled Bitcoin Mining
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CoinDesk / DCG Looks to Refinance Outstanding Genesis Obligations, Raise Growth Capital
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Crucial to hashing power, energy efficiency, and machine reliability, hashboards are the heart of mining operations. Foundry's comprehensive, hands-on Intro to Hashboard Diagnosis and Repair course is designed to equip miners with the necessary skills to tackle common hardware failures in house, eliminate repair bottlenecks, and quickly bring machines back online.
Offered by the same experts who provide top technical training for Mining Technicians in the U.S., the next Intro to Hashboard Diagnosis and Repair course takes place in Rochester, NY from June 26-30.
Register today at FoundryAcademy.com |
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Today we are joined by Anthony Power to discuss his March mining updates, strengths and weaknesses of miners and a special note on Core Scientific, who recently appointed a new president.
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Watch on YouTube
here.
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Chart of the Week
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Fees paid from Ordinal Inscriptions went parabolic this past week, leading to triple digit $/PH/day for the first time since mid-2022.
Source: Dune Analytics
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| Cleanspark |
15.69% |
$4.42 |
$6.84 |
| Riot |
9.97% |
$11.83 |
$14.43 |
| Marathon Digital |
8.64% |
$9.78 |
$18.88 |
| Iris Energy |
8.42% |
$3.89 |
$7.99 |
| Bit Digital |
8.37% |
$2.33 |
$2.46 |
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*As of May 10.
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