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October 12, 2021
Subscribe to Mining Memo
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Market Overview
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| Company |
Price |
24H |
YTD |
| Bit Digital |
$10.86 |
-9% |
-57% |
| Bitfarms |
$4.89 |
-5% |
118% |
| Canaan |
$6.36 |
-5% |
-9% |
| Ebang |
$1.68 |
-5% |
-78% |
| Hive |
$2.96 |
-5% |
8% |
| Hut 8 |
$10.37 |
-3% |
248% |
| Marathon |
$40.25 |
-6% |
225% |
| Northern Data |
$60.80 |
-4% |
-26% |
| Riot |
$25.79 |
-6% |
37% |
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Data as of 12:00 UTC
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Sorry, Bitcoin. Ethereum has all your transaction fees.
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On-chain data from early October clearly shows the different paths to scalability the two largest proof-of-work chains have taken: supporting one asset or supporting many.
Last month, a record 66% of Ethereum mining revenue also came from transaction fees.
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Here's what you missed at the Texas Blockchain Summit.
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Miners and other cryptocurrency investors took over Austin for one of the year's best cryptocurrency and mining conferences of last week.
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These are simple hedging strategies for cryptocurrency miners.
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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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CLIP: Don't Mine At Home Without Managing Heat
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Mining generates lots of heat. If you're mining at home, managing the heat is a top concern.
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CLIP: Growth Potential In Reusing Mining Heat
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How big is the market for reusing heat from mining? The short answer is: massive. Two founders of heat reuse companies explain why.
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| WATCH NOW |
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Are your passwords stored securely?
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If not, get a Stonebook with pages literally made from stone and custom formatted for crypto keys.
We're giving away two (2) Stonebooks each week this month! 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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Click here to see the Stonebooks.
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Want a free hardware wallet?
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Every miner needs a good hardware wallet. We bought a few Jade wallets from Blockstream to giveaway.
Each week in October we'll give 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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Click here to see the Jade wallet.
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Network Overview
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| Bitcoin |
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7D |
YTD |
| Price |
$56,710 |
4% |
96% |
| Difficulty |
19.8T |
0% |
7% |
| Revenue* |
$0.37 |
12% |
72% |
| Hashrate |
141 EH/s |
-6% |
3% |
| Ethereum |
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7D |
YTD |
| Price |
$3,505 |
-1% |
380% |
| Difficulty |
9,643T |
1% |
159% |
| Hashrate |
697 TH/s |
4% |
138% |
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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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