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October 6, 2021
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Market Overview |
| Company |
Price |
24H |
YTD |
| Bit Digital |
$12.00 |
15% |
-53% |
| Bitfarms |
$5.43 |
4% |
142% |
| Canaan |
$6.82 |
4% |
-2% |
| Ebang |
$2.10 |
7% |
-73% |
| Hive |
$3.08 |
1% |
13% |
| Hut 8 |
$10.71 |
4% |
259% |
| Marathon |
$38.64 |
4% |
212% |
| Northern Data |
$56.40 |
3% |
-31% |
| Riot |
$27.50 |
4% |
46% |
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Data as of 12:00 UTC |
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NFT mania pumps September revenue for Ethereum miners. |
Transaction fees constituted 66% of mining rewards over September, an all time high in percentage terms for the network. Fees continue to make up a larger portion of mining revenue for two reasons. |
Click here to continue reading this section of Mining Memo. |
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The “green bitcoin” ETF had a very mediocre first quarter of trading. |
Viridi Funds launched RIGZ, a green cryptocurrency mining ETF, in late July to “align profit with purpose,” according to its press release. |
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Kazakhstan’s power shortages might make life difficult for bitcoin miners. |
Kazakhstan’s government is scrambling to fix ongoing problems with its electrical infrastructure. Some bitcoin miners fear potential government proposals for rigid power constraints on mining related activities. |
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Two Senators are pushing for the U.S. Treasury to explore more cryptocurrency mining oversight. |
Two U.S. Senators, Senator Maggie Hassan (D-NH) and Senator Joni Ernst (R-IA), introduced a bipartisan bill focused on the oversight of foreign country crypto mining operations. The timing of this bill is interesting. |
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Bitcoin miners earned $1.3 billion in revenue from September. |
Bitcoin mining difficulty increased 3.16% last Tuesday, marking its fifth consecutive increase and the longest streak of upward adjustments since Feb. 2020. Streaks of five or more upward adjustments have become less frequent over the past several years. |
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How To Get A Job In Bitcoin (Mining) |
Compass explores the job opportunities in the cryptocurrency industry, whether candidates want to work in mining, other bitcoin roles, or different sectors of crypto. |
| WATCH NOW |
Click here for show notes and more. |
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CLIP: Getting Hired Anonymously In Crypto |
Here's how recruiters handle the hiring dynamics with anons and why it makes working in crypto special. |
| WATCH NOW |
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Tour A Bitcoin Mining Farm In Nebraska! |
Watch this trailer with a sneak peak inside a Compass Mining hosting facility in Nebraska! |
| WATCH NOW |
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This is a new section of Mining Memo that offers a few perks and gifts to our readers! This is not sponsored content. Enjoy! |
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Where do you store your passwords? |
That’s a rhetorical question. But we're giving away two (2) Stonebooks each week in October. The pages are literally made from stone and custom formatted for crypto keys. Shieldfolio also offers an invisible ink pen.
The first two people to reply to this email with “I want the notebook”
get a free Stonebook. Or you can just buy one using the code MiningMemo20 to get 20% off. |
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Want a free hardware wallet? |
We love giving hardware wallets to our miners because every miner needs one.
We bought a few
Jade wallets from Blockstream this time. We're giving away one (1) Jade to a random subscriber that reads today's email. So congratulations, you're entered to win!
The winner will be picked in 24 hours.
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Network Overview |
| Bitcoin |
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7D |
YTD |
| Price |
$54,402 |
31% |
88% |
| Difficulty |
19T |
5% |
7% |
| Revenue* |
$0.33 |
17% |
54% |
| Hashrate |
150 EH/s |
9% |
9% |
| Ethereum |
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7D |
YTD |
| Price |
$3,530 |
24% |
383% |
| Difficulty |
9,541T |
4% |
156% |
| Hashrate |
671 TH/s |
4% |
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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