Based on our previous post about splitting up our wallets, we have successfully divided our wallets into the following categories, with the respective balances listed below for enhanced auditability. This step aligns with our commitment to transparency, as outlined in our earlier communication. We’d like to share the Lumerin token…

Data, trends, and insights in the Bitcoin mining industry — Key takeaways: Bitcoin mining revenue hits yearly highs of $42.4M Marathon quadruples its mining power ahead of the halving. Miners’ Delight — Bitcoin Mining Revenue Hits Yearly Maximum of $42.4M On November 9, Bitcoin mining revenue peaked at $42.4 million, surpassing the May 2023 high. The surge aligned with Bitcoin’s price hitting over $37,000, driven by optimism around a potential approval…

Data, trends, and insights in the Bitcoin mining industry Key takeaways: Miners sell more Bitcoin than what they mined during October. What will happen with Bitcoin mining rewards after the halving? A key industry leader is set to acquire a power plant after a win in court. Miners Seize the Opportunity — They Took Profits by Selling More What They Mined Last Month During the recent crypto rally in October, the top 13 public crypto-mining…

Leveraging the power of the world’s first “super commodity” — Throughout human history, economies have often been anchored to commodities that hold intrinsic value. From salt to preserve meat in the middle ages to the relentless dominance of the oil industry today, these assets have been the bedrock upon which these economies were built, from ancient civilizations to the modern…

Bringing the value of decentralization to the real world — The world of cryptocurrencies and blockchain technology has continually pushed the boundaries of what is possible in finance and digital innovation. However, skepticism has always haunted the Web3 industry regarding the advantages and applications such technologies would have in the real world. That is why, in recent years, Web3 and…

The latest difficulty adjustment, effective at block height 812,448; increased mining difficulty by 6.47%. In this overview, we’ll analyze the effects on mining and profitability. Watch our summary on Youtube: Bitcoin Mining Difficulty Crosses 60T For the First Time Ever #cryptocurrency https://lumerinprotocol.medium.com/692450739160 #LMR #bitcoinmining #mining #miners #miningblock #bitcoin #btc…www.youtube.com

Data, trends, and insights in the Bitcoin mining industry — Key takeaways: Texas paid Riot $2.5 Million to help rebalance the grid in September. El Salvador’s Volcano mining pool goes live. Bitcoin mining hashrate remains unstoppable as it climbs to new highs. ERCOT Paid Riot $2.5 Million to Cut Energy Use in September In a bid to stabilize Texas’ electrical grid, the Energy Reliability Council of Texas (ERCOT) paid cryptocurrency…

The latest difficulty adjustment, effective at block height 810,432; increased mining difficulty by 0.35%. In this overview, we’ll analyze the effects on mining and profitability. Bitcoin’s Total Hashrate When everything seemed to point to a difficulty drop, Bitcoin climbed over the $28,000 line. Naturally, Bitcoin’s impressive performance encouraged miners to add more hashrate…

Data, trends, and insights in the Bitcoin mining industry — Key takeaways: U.S. House of Representatives gives the SEC a hard time. Bitcoin has a new advocate — and it’s a big one. Antminer releases its latest ASIC miner. SEC Chair Gensler Faces Questions on Crypto Custody Guidance in House Hearing In a recent House Financial Services Committee hearing, SEC Chairman Gary Gensler found himself under intense scrutiny for the agency’s crypto…