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October 26, 2021
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Market Overview |
| Company |
Price |
24H |
YTD |
| Argo |
$17.07 |
-6% |
17% |
| Bit Digital |
$9.89 |
-1% |
-61% |
| Bitfarms |
$5.29 |
-2% |
136% |
| Canaan |
$9.04 |
-2% |
30% |
| Ebang |
$2.23 |
7% |
-71% |
| Fortress |
$0.57 |
-1% |
171% |
| Hive |
$3.85 |
-1% |
41% |
| Hut 8 |
$13.14 |
1% |
341% |
| Marathon |
$53.63 |
-2% |
333% |
| Mawson |
$9.50 |
0% |
291% |
| Northern Data |
$66.21 |
5% |
-31% |
| Riot |
$28.72 |
-3% |
53% |
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Data as of 13:30 UTC |
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Here's a breakdown of institutional investments in public bitcoin mining companies. |
"The institutions are coming" has been a longstanding mantra repeated by cryptocurrency investors through previous market cycles. But this time the institutions are actually here, and many of them are investing in mining companies. |
Click here to continue reading this section of Mining Memo. |
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Bitcoin miner balances hold fairly steady as BTC hits all-time highs. |
Bitcoin’s price is setting new all-time highs, and bitcoin miners are hodling (for the most part). Current bitcoin miner balances:
- 0-hop addresses: 1,798,003 BTC
- 1-hop addresses: 2,655,983 BTC
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The world’s largest public mining companies are planning to quadruple their hashrate. |
Marathon Digital Holdings and Riot Blockchain, the world’s two largest public mining companies, are planning to aggressively expand their mining capabilities by several multiples. |
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Retail bitcoin miners can use these services to finance their operations. |
Although bitcoin mining has a great return on investment (ROI) with an average break even point of 9-12 months, the upfront hardware and setup costs can discourage would-be miners from making this investment. |
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The D.I.Y. Guide To Immersion Mining At Home |
Compass talks with a panel of immersion miners about the tools and designs they used for their at-home mining rigs. |
| WATCH NOW |
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This Is The Decade Of Nuclear Bitcoin Mining |
Nuclear energy for cryptocurrency mining has become a new strategy to promote clean energy on the power grid. |
| WATCH NOW |
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Financial Sovereignty Through Mining Bitcoin |
Compass talks through the usefulness of bitcoin mining as a tool for financial sovereignty. |
| WATCH NOW |
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Watch This Before Immersing Your ASICs |
This panel of at-home immersion miners give their recommendations for how to begin the process. |
| WATCH NOW |
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Are your passwords safe? |
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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. |
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Want a hardware wallet? |
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You could win a free Jade wallet from Blockstream!
It's almost the end of October, so this week this month we're giving away TWO (2) Jade wallets to random subscribers who open today's email.
The winners will be emailed in 24 hours.
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Click here to see the Jade wallet. |
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Network Overview |
| Bitcoin |
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7D |
YTD |
| Price |
$61,938 |
-1% |
114% |
| Difficulty |
20T |
0% |
8% |
| Revenue* |
$0.40 |
0% |
85% |
| Hashrate |
157 EH/s |
9% |
14% |
| Ethereum |
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7D |
YTD |
| Price |
$4,149 |
9% |
468% |
| Difficulty |
10.1T |
5% |
170% |
| Hashrate |
755 TH/s |
2% |
157% |
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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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