Bitcoin24h $63,137.30+0.31%

Ethereum24h $1,866.79+0.64%

BNB24h $584.02+1.28%

XRP24h $1.08+0.88%

Solana24h $72.95+0.49%

TRON24h $0.3262-0.52%

Hyperliquid24h $52.51+0.13%

Dogecoin24h $0.0700+0.67%

UNUS SED LEO24h $9.75-0.10%

Zcash24h $479.71+2.65%

Escaping Jack Dorsey’s BTC miners cost $41.9 million

Core Scientific gave Jack Dorsey’s Block $67.9M for BTC mining chips. It then booked a $41.9M loss for the right to stop buying them.

Bitcoin devs warn of fork risk to miners as fees crash

Bitcoin mining pool operators achieved a dramatic reduction in minimum fees yet inadvertently shot themselves in the foot.

The percent of BTC miner revenue from fees has hit its lowest rate since 2022 and is suffering from a 90% reduction in fee minimums.

Yesterday, the BTC mining network began adopting a new, much lower threshold for minimum transaction fees: 0.1 sat/vByte.

Despite Donald Trump’s promise to bring all BTC mining to the US, his new tariffs will likely hurt the industry.