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September 8, 2021
Subscribe to Mining Memo |
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Market Overview |
| Company |
Price |
24H |
YTD |
| Bit Digital |
$11.40 |
-3% |
-55% |
| Bitfarms |
$5.61 |
-5% |
150% |
| Canaan |
$9.17 |
-4% |
32% |
| Ebang |
$2.48 |
-2% |
-68% |
| Hive |
$4.21 |
-6% |
54% |
| Hut 8 |
$9.72 |
-3% |
226% |
| Marathon |
$39.27 |
0% |
217% |
| Northern Data |
$69.60 |
-9% |
-15% |
| Riot |
$31.51 |
-2% |
68% |
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Data as of 12:00 UTC |
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Here’s why Ethereum miners are holding more ether. |
Ethereum miners aren't fighting back against protocol changes. Rather, they are holding ether in preparation for an eventual move to Proof-of-Stake (PoS). Ethereum miners now hold some 22 million ETH worth an estimated $80 billion, or about 17.5% of the network’s market capitalization. |
Click here to continue reading this section of Mining Memo. |
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Barely 1% of bitcoin mining revenue was from fees in August. |
Bitcoin miners raked in a total of $1.4 billion in August, but barely 1% of that revenue came from transaction fees paid by Bitcoin users. This marks the lowest monthly fee revenue as a percentage of total revenue since January 2020.
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These are the top bitcoin mining pools grouped by payout structures. |
Most of the top bitcoin mining pools use one of four types of payouts. Here's a breakdown of pool payout structures. |
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Are bitcoin mining pools ready for Taproot? |
Even though bitcoin miners have signaled their support for the network’s Taproot upgrade since May, only a few pools have said they’re ready to support the payment output type added by the upgrade. Only SlushPool and SBI Crypto have publicly stated when they plan to add Bech32m support. |
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Here's a timeline of top bitcoin mining pools. |
Most of these pools launched during or after the 2017-2018 bitcoin bull market. This bull market brought bitcoin, and by extension, bitcoin mining into mainstream consciousness. |
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Network Overview |
| Bitcoin |
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7D |
YTD |
| Price |
$46,310 |
-3% |
60% |
| Difficulty |
18T |
5% |
-1% |
| Revenue* |
$0.37 |
6% |
72% |
| Hashrate |
135 EH/s |
5% |
-2% |
| Ethereum |
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7D |
YTD |
| Price |
$3,408 |
0% |
366% |
| Difficulty |
8,748T |
5% |
135% |
| Hashrate |
661 TH/s |
9% |
125% |
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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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