What's New?
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- Senator Warren publicly criticized Bitcoin's energy consumption on Twitter, referencing a recent New York Times article.
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Bitcoin's hashrate has recovered 50% from its June crash.
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A priority transaction network for Ethereum raised $17.4M from a token sale.
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Arcane Crypto orders its first batch of mining machines from Bitmain.
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Bitmain plans to host 56,000 ASICs in Georgia State.
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Blockstream will pilot a renewables-powered mining facility with financial services giant Macquarie Group.
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Gryphon Mining's Brittany Kaiser pitched products for blacklisting miners based on non-renewable energy use at Bitmain's September conference.
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Bitcoin Miners Don't Suffer Double Taxation
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Tax experts explain the income taxes and capital gains taxes that most miners pay.
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Why The Media Gets Bitcoin Mining Wrong
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Two journalists explain why mainstream media often inaccurately reports on the mining industry.
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Problems With Popular On-Chain Analysis
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Traders and data analysts critique popular uses of mining and other on-chain data for market insights.
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Community Corner
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- A Compass miner compiled a table of nine key metrics, including daily profit, efficiency, break-even electricity prices, etc., for 18 different popular ASIC models currently on the market.
- Compass miners and employees watched Whit Gibbs deliver a presentation on the growth of retail mining at Bitmain's conference in Miami.
- On Twitter, a Compass miner authored a thread around a "magic formula" they constructed for calculating a mining operation's monthly profit. 😅 Warning: it's comlex.
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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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