 |
September 21, 2021
Subscribe to Mining Memo |
|
|
Market Overview |
| Company |
Price |
24H |
YTD |
| Bit Digital |
$8.74 |
-1% |
-66% |
| Bitfarms |
$4.38 |
-1% |
96% |
| Canaan |
$7.25 |
-1% |
4% |
| Ebang |
$2.09 |
-1% |
-73% |
| Hive |
$2.59 |
0% |
-5% |
| Hut 8 |
$7.73 |
-1% |
159% |
| Marathon |
$33.00 |
-3% |
167% |
| Northern Data |
$71.60 |
-1% |
-13% |
| Riot |
$27.25 |
-1% |
45% |
|
Data as of 12:00 UTC |
|
|
|
 |
Prices for top ASICs have jumped over 25% in Q3. |
Prices for the most efficient ASICs have jumped over 25% since the start of the third quarter. But pricing data collected from a variety of hardware marketplaces shows that top ASICs haven’t seen the largest price jumps this quarter. |
Click here to continue reading this section of Mining Memo. |
|
|
|
These are common tax deductions and write offs for cryptocurrency miners. |
Taxes are complex, rarely fun, and very nuanced. Like any other business or individual who earns or generates income, crypto miners are liable for taxes. This article summarizes key tax considerations and tax deductions for miners. |
|
|
|
Compass launches At-Home Mining with direct-to-consumer hardware only sales. |
Compass today announced At-Home Mining, a direct-to-consumer service which provides the ability to purchase bitcoin mining equipment for the home. |
|
|
|
These are the most friendly states for bitcoin miners. |
Bitcoin miners typically want to set up operations in places with low or no state income tax, cheap electricity rates, favorable crypto and business laws, average to high internet speeds, and low to moderate cost of living. This article lists states that fit this criteria: |
|
|
|
|
|
|
|
 |
CLIP: Why This Oil Company Started Mining Bitcoin |
A former partner at a large oil and gas company explains how he discovered bitcoin and why his oil company started mining. |
| WATCH NOW |
|
 |
CLIP: Where Is Your Bitcoin Mining Pool? |
Miners should be aware of potential international tax concerns depending on the location of their hosting provider, bitcoin mining pool, and hosting facility. |
| WATCH NOW |
|
|
|
We're sponsoring... |
 |
|
|
|
Network Overview |
| Bitcoin |
|
|
7D |
YTD |
| Price |
$43,177 |
-8% |
49% |
| Difficulty |
18T |
0% |
-1% |
| Revenue* |
$0.29 |
-6% |
37% |
| Hashrate |
137 EH/s |
2% |
0% |
| Ethereum |
|
|
7D |
YTD |
| Price |
$3,038 |
-10% |
316% |
| Difficulty |
9,039T |
1% |
142% |
| Hashrate |
719 TH/s |
7% |
145% |
|
|
* measured by $/TH/s
|
|
|
|
Written by Zack Voell, Will Foxley
, and Lili Rhodes. |
|
|
About Compass: Compass is a Bitcoin mining and modern media company focused on driving the mass adoption of cryptocurrency mining. |
|
|
Did a friend forward this email? Sign up here.
Want more Compass content?
|
|
|
|
|
|
|
