The Bitcoin blockchain's mining difficulty increased by 13%, but industry experts say operators are still looking at fat profits ahead.
Supply has dried up despite a glut of available bitcoin mining rigs since China’s crackdown in May.
Data for independent ASIC operators is still fairly splintered in terms of transparency. Compass and Navier are hoping to provide a fix.
Mining economics have improved significantly, according to one analyst.
Miners who remain operational are likely to become even more profitable over the coming weeks.
Concerns about the extent of the China crackdown have contributed to the past months' decline in bitcoin's price to about $34,200.
The Bitcoin network's processing power could rebound if miners relocate to other locales, one analyst predicts.
Luxor says it will work with NYDIG on "a number of mining-related ventures and hashrate-based products."
Once active, these additional miners will increase the firm’s bitcoin mining hashrate by 93%.
The tokens will offer non-U.S. qualified investors a way to invest in bitcoin mining without handling machines themselves.
After moving machines out of Sichuan, miners are bringing ASICs back online.
ASIC financing has driven Bitcoin's hashrate to all-time highs in 2020. By consequence, Bitcoin is less profitable to mine than ever.
Bitcoin's record hashrate indicates fundamentals are stronger than ever, according to Skew Markets.
Bitcoin's hashrate has soared to record highs, some analysts say it might kick the price out of its rut.
Ethereum Classic's recent 51% attacks highlight the value of large open-source networks such as Bitcoin and Eth – it’s about more than hashrate.