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August 17, 2021
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Market Overview |
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Price |
24H |
YTD |
| Bit Digital |
$12.14 |
-5% |
-52% |
| Bitfarms |
$5.74 |
-10% |
156% |
| Canaan |
$8.01 |
-6% |
15% |
| Ebang |
$2.19 |
-4% |
-72% |
| Hive |
$3.59 |
-3% |
32% |
| Hut 8 |
$6.11 |
-7% |
105% |
| Marathon |
$31.18 |
-6% |
152% |
| Northern Data |
$71.90 |
-1% |
-12% |
| Riot |
$33.73 |
-6% |
79% |
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Data as of 12:00 UTC |
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These cryptocurrency mining stocks are outperforming bitcoin’s recovery. |
Public bitcoin mining companies typically outperform bitcoin during bullish cycles. But only a few top mining stocks have appreciated more than bitcoin as the entire cryptocurrency market has rallied off the market’s low almost a month ago. |
Click here to continue reading this section of Mining Memo. |
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Here's why large Etheruem miners dominating MEV is a good thing. |
At first, only the technically inclined could profit off the practice of sequencing trades for extra profits. After Flashbots introduced a new Geth software specifically for mining pool and trader interactions earlier this year, over 85% of Ethereum mining pools have implemented sequencing software. |
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Bitcoin mining difficulty jumped 7%, but hashprice is still up. Here’s why. |
Bitcoin miners forced to leave China are slowly bringing their machines back online. North American miners are also rapidly expanding their mining capacities. As a result, mining difficulty is gradually increasing. But mining profitability is still climbing. This article explains why. |
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7 tips for spotting and avoiding bitcoin mining scams. |
Bitcoin mining is more popular than almost ever before, which means miners need to protect themselves and their bitcoins more carefully than ever. Scammers are everywhere. Use this checklist as a guide to stay safe while mining with Compass and avoid being scammed. |
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Network Overview |
| Bitcoin |
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7D |
YTD |
| Price |
$45,864 |
-2% |
58% |
| Difficulty |
15T |
7% |
-16% |
| Revenue* |
$0.38 |
-7% |
76% |
| Hashrate |
120 EH/s |
5% |
-13% |
| Ethereum |
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7D |
YTD |
| Price |
$3,183 |
-3% |
335% |
| Difficulty |
7,863T |
-3% |
105% |
| Hashrate |
579 TH/s |
-2% |
94% |
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* measured by $/TH/s
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Bitcoin mempool emptyings have slowed in mid August. |
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Foundry is mining nearly as many Bitcoin blocks as top non-US pools. |
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Bitcoin hashrate has rebounded nearly 30% to 120 EH/s. |
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Compass Updates |
Compass introduces limited "mini-bundle" hardware and hosting product. Compass commits to sponsor Bitcoin Core developer Jon Atack. Compass launches an uptime monitoring service for hosting facilities. |
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Written by Zack Voell and Will Foxley.
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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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