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August 31, 2021
Subscribe to Mining Memo
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Market Overview
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Price |
24H |
YTD |
| Bit Digital |
$12.30 |
-4% |
-52% |
| Bitfarms |
$5.78 |
-1% |
158% |
| Canaan |
$9.29 |
-2% |
33% |
| Ebang |
$2.52 |
0% |
-68% |
| Hive |
$3.93 |
-2% |
44% |
| Hut 8 |
$7.96 |
9% |
167% |
| Marathon |
$40.23 |
-1% |
225% |
| Northern Data |
$72.90 |
-1% |
-11% |
| Riot |
$36.80 |
-3% |
96% |
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Data as of 12:00 UTC
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Here’s why bitcoin ASIC prices are going back up.
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Prices for bitcoin mining machines have been trending upward over the past few weeks. A combination of factors are responsible for more expensive ASICs, including bitcoin’s price increase and miners hoarding machines.
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Click here to continue reading this section of Mining Memo.
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Ethereum’s hashrate recovers from Chinese mining ban and a price drop.
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Ethereum’s hashrate has recovered to a new all time high of 612 TH/s. Ethereum’s last record occured on May 20 at 610 TH/s. A blow off top in Ethereum’s price followed by China’s Bitcoin mining ban over the next three weeks sent the
network’s hashrate down 25%, bottoming near 455 TH/s.
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Bitcoin mining difficulty jumped 13% in its latest adjustment.
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Bitcoin mining difficulty jumped by over 13% this morning, registering the network’s second largest upward adjustment this year. This increase marks the third consecutive difficulty increase for bitcoin miners as new hashrate starts coming online.
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North America won’t have more than 50% of Bitcoin’s hashrate.
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China’s crackdown on bitcoin mining earlier in 2021 forcibly unlocked a massive amount of Bitcoin’s hashing power. As those machines relocate around the world, some cryptocurrency miners expect the US and Canada to eventual represent a majority of
Bitcoin’s hashrate. This outcome is highly unlikely though. Here’s why.
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Network Overview
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| Bitcoin |
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7D |
YTD |
| Price |
$47,526 |
-2% |
64% |
| Difficulty |
15T |
13% |
-5% |
| Revenue* |
$0.35 |
-12% |
62% |
| Hashrate |
120 EH/s |
1% |
-7% |
| Ethereum |
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7D |
YTD |
| Price |
$3,410 |
5% |
367% |
| Difficulty |
7,863T |
4% |
124% |
| Hashrate |
579 TH/s |
1% |
106% |
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* measured by $/TH/s
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Compass Updates
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Compass enables order tracking for all customers.
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Compass lists two new hosting facilities as under review.
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Compass introduces limited "mini-bundle" hardware and hosting product.
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Compass commits to sponsor Bitcoin Core developer Jon Atack.
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Compass hosted a recorded AMA on Twitter for over 5 hours.
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Written by Zack Voell, Will Foxley
, and Lili Rhodes
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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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