MyBitBiz.com - Bitcoin mining hosting experience
Blog about my bitcoin mining hosting journey, profitability and lessons
We got another difficulty adjustment tomorrow, and things do not look too good for miners. First of all, the price of Bitcoin has been falling down rapidly again. It is now at around $38,200. 2 weeks ago when the last adjustment happened, the price was $41,000. And at the beginning of April the price was … Read more
Yesterday afternoon, US government added one of the largest Russian Bitcoin Mining Hosting company BitRiver on its sanction list. Here is a press release directly from US Treasure Site. The government claims that this step is taken to target Russia’s Crypto Currency mining industry and that these companies are using Russia’s natural resources for competitive … Read more
On March 17th we had another Bitcoin mining difficulty change, and 2nd decline in a row. The decline this time was only by 0.35%. While the one before on March 3rd was by 1.49%. While none of these are significant declines in mining difficulty, I think they carry a lot of importance. First back to … Read more
Last few weeks were little crazy in Crypto world. Several large events happened (one still going on). It looks like the difficulty will not change significantly this week, despite of what is happening in Kazakhstan. Record network hash-rate recorder on New Years day One of the reasons why the difficulty will not lower significantly is … Read more
The Bitcoin Network hash rate has already completely recovered from the mining ban in China in the summer of 2021. And the growth doesn’t stop there. Blockware solutions tweeted a table with upcoming publicly announced ASIC orders for 2022 by the large players like Riot, Marathon, Hut8 and Bitfarms. And the orders are massive. $RIOT, … Read more
Last week the price of Bitcoin dropped from $58,000 to $48,000 but it doesn’t look like it demotivated anyone from deploying more miners. Based on the current estimates, the bitcoin mining difficulty will increase significantly in 5 days from now. This will cause a short-term hit on profitability of all miners operations. Difficulty and price … Read more