Bitcoin24h $123,721.31+0.25%

Ethereum24h $4,675.01+3.08%

XRP24h $2.97-0.02%

BNB24h $1,248.62+3.70%

Solana24h $230.80-0.14%

Dogecoin24h $0.2600+2.03%

TRON24h $0.3449+0.58%

Cardano24h $0.8562+1.76%

Chainlink24h $22.87+4.43%

Hyperliquid24h $45.94-5.28%

Troubling new Bitcoin research into Bitmain mining proxies

Bitmain continues to direct a concerning amount of block production in the Bitcoin network through proxy mining pools.

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.

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

Bitcoin firm Swan plans to end its managed mining product and has delayed its IPO while laying off employees.

Despite what many may think, MEV isn’t merely an Ethereum problem. In fact, it first occurred on Bitcoin and is still causing issues.