 |
October 19, 2021
Subscribe to Mining Memo |
|
|
Market Overview |
| Company |
Price |
24H |
YTD |
| Argo |
$18.08 |
5% |
23% |
| Bit Digital |
$11.60 |
6% |
-55% |
| Bitfarms |
$5.61 |
0% |
150% |
| Canaan |
$6.71 |
2% |
-4% |
| Ebang |
$1.97 |
1% |
-75% |
| Fortress |
$0.61 |
2% |
190% |
| Hive |
$3.43 |
2% |
26% |
| Hut 8 |
$11.58 |
-3% |
289% |
| Marathon |
$50.36 |
-2% |
307% |
| Mawson |
$9.74 |
-2% |
301% |
| Northern Data |
$65.83 |
2% |
-31% |
| Riot |
$30.50 |
2% |
62% |
|
Data as of 13:30 UTC |
|
|
|
 |
Jefferies published a 24-page primer on Bitcoin mining. Here are the highlights. |
Bitcoin mining is for the streets, but the suits are here to play too. Jeffries published a 24-page primer that gives a fairly comprehensive introduction to mining for institutional investors. |
Click here to continue reading this section of Mining Memo. |
|
|
|
Here's a review of public mining companies' Q2 performance and what to look for in Q3 earnings. |
As of June 2021, miners experienced rapid revenue growth over the year. Most of the mining expansion so far has been funded through equity. |
|
|
|
Ethereum developers delay the Difficulty Bomb, again. |
Ethereum developers have diffused the infamous “difficulty bomb” for a fifth time in a bid to give the network breathing room ahead of a transition to proof-of-stake. The change protects the Ethereum network from the bomb’s exponential difficulty increases by moving the bomb to a new block height. |
|
|
|
Bitcoin miners are eating gold miners’ lunch. |
Since the 2020 halving, Bitcoin has been in a bull market, and as a result mining stocks have fabulously outperformed. Bitcoin is up 407% YoY, and the miners are up 1281%. Gold is down 6% YoY, and the miners are down 13%. |
|
|
|
ASIC manufacturer Ebang shares get hammered. |
Shareholders of Ebang International Holdings are feeling the heat as the share price searches for a bottom. Ebang is down 66% since listing on the NASDAQ, and its new cryptocurrency exchange may be a flop. |
|
|
|
Mining pools ban Chinese customers en masse as China's crypto rout worsens. |
Chinese miners are quickly finding themselves isolated from the rest of the mining community as Antpool and BTC.com both announced suspension of services inside China last week. |
|
|
|
|
|
 |
CLIP: The Future Of Bitcoin MEV |
Mining generates lots of heat. If you're mining at home, managing the heat is a top concern. |
| WATCH NOW |
|
 |
CLIP: Why Kazakhstan's Hashrate Will Drop |
Two founders of a Kazakh mining company explain why they expect Kazakhstan's share of Bitcoin's hashrate to drop. |
| WATCH NOW |
|
|
|
|
|
Are your passwords safe? |
 |
Try using a Stonebook!
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 buy your own using the code MiningMemo20 to get 20% off. |
Click here to see the Stonebooks. |
|
Want a hardware wallet? |
 |
You could win a free Jade wallet from Blockstream!
Each week this month we're giving away one (1) Jade to a random subscriber that opens today's email.
The winner will be picked in 24 hours. |
Click here to see the Jade wallet. |
|
|
|
Network Overview |
| Bitcoin |
|
|
7D |
YTD |
| Price |
$62,568 |
10% |
116% |
| Difficulty |
20T |
1% |
8% |
| Revenue* |
$0.40 |
7% |
85% |
| Hashrate |
143 EH/s |
2% |
4% |
| Ethereum |
|
|
7D |
YTD |
| Price |
$3,813 |
9% |
422% |
| Difficulty |
9,612T |
0% |
158% |
| Hashrate |
738 TH/s |
6% |
152% |
|
|
* 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?
|
|
|
|
|
|
|
