Bitcoin24h $85,059.29+2.90%

Ethereum24h $1,894.49+3.83%

XRP24h $2.13+1.92%

BNB24h $609.28+0.46%

Solana24h $126.77+1.41%

Dogecoin24h $0.1731+3.65%

Cardano24h $0.6756+1.62%

TRON24h $0.2381+0.06%

Toncoin24h $4.04-1.74%

Chainlink24h $13.93+2.71%

Bitcoin mining is more difficult than ever

It has never been a worse time to mine bitcoin. With all-time high competition, debt, and electricity, finances are plaguing operators.

CHART: When solo miners found a Bitcoin block

Operating as lone wolves and paying for 100% of their own equipment and electricity, solo bitcoin miners sometimes strike it lucky.

Threshold Network, which issues tBTC, has a new proposal that would see it merge with WBTC after it announced its Justin Sun partnership.

Self-described Bitcoin layer 2s have proliferated, attracting billions of dollars despite dubious relevance to Bitcoin’s blockchain.

Fears circulated on Wednesday of a liquidity crisis at Binance after 44,808 bitcoins were withdrawn from the exchange.