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September 14, 2021
Subscribe to Mining Memo
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Market Overview
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| Company |
Price |
24H |
YTD |
| Bit Digital |
$10.54 |
1% |
-59% |
| Bitfarms |
$5.65 |
2% |
152% |
| Canaan |
$9.39 |
8% |
35% |
| Ebang |
$2.38 |
2% |
-69% |
| Hive |
$3.96 |
2% |
45% |
| Hut 8 |
$10.10 |
5% |
239% |
| Marathon |
$36.06 |
1% |
191% |
| Northern Data |
$72.10 |
-1% |
-12% |
| Riot |
$29.74 |
2% |
58% |
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Data as of 12:00 UTC
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Nuclear power is an untapped opportunity for bitcoin mining.
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Nuclear power is often ignored or demonized by the mainstream media and feared by the general public. It is branded as unsafe, impractical, and expensive. But in reality, nuclear power is clean/energy efficient, reliable, and economic (cheap). These qualities make it an
ideal power source for bitcoin miners.
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Click here to continue reading this section of Mining Memo.
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What happened to Lubian’s private mining pool?
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Lubian.com, a secretive mining pool that amassed a large amount of bitcoin over a short period of time, has simply stopped mining, according to multiple on-chain data sources. Why they stopped and what they’re doing now is unknown. But the mining operation
hasn’t claimed a block reward since Feb. 28.
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These are creative ways to repurpose heat from bitcoin mining.
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It’s no secret that bitcoin mining machines, or ASICs produce a lot of heat. But this heat can be captured, transferred, and repurposed. Repurposing heat can offset costs, reduce energy waste, and create new revenue streams for miners.
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Every miner needs a reliable hardware wallet.
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With our friends at Foundation Devices, we're giving away five (5) Passport wallets to Mining Memo subscribers. If you're reading this, you're eligible for a chance to win. Winners will be contacted via email on Friday (9/17). This is not sponsored content.
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Here’s a short list of countries that are friendly to bitcoin miners.
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As more countries define their stance on bitcoin and bitcoin mining, it is becoming clear which of them are ideal for bitcoin miners to relocate to. These non-North American countries stand out for their regulatory clarity, favorable tax law, and low-cost energy.
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CLIP: Depreciating Your Crypto Mining Hardware
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Tax experts explain how to properly depreciate mining hardware in the US.
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| WATCH NOW |
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CLIP: Why Miners Can't Crash Bitcoin's Price
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Blaming miners for crashing Bitcoin's price is a very misinformed position. Here's why.
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| WATCH NOW |
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Network Overview
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| Bitcoin |
| |
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7D |
YTD |
| Price |
$46,781 |
1% |
62% |
| Difficulty |
18T |
0% |
-1% |
| Revenue* |
$0.31 |
-15% |
47% |
| Hashrate |
134 EH/s |
-1% |
-2% |
| Ethereum |
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7D |
YTD |
| Price |
$3,367 |
-1% |
361% |
| Difficulty |
8,927T |
2% |
139% |
| Hashrate |
672 TH/s |
2% |
129% |
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* measured by $/TH/s
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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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