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 Hut 8 boosts self mined Bitcoin reserves to 94K amid USBTC merger

Hut 8 boosts self mined Bitcoin reserves to 94K amid USBTC merger


Published: 2023-10-10


1. Bitcoin mining - Hut8,a prominent Bitcoin mining firm,has reportedly mined 111 BTC in September. This indicates the ongoing profitability and productivity of the Bitcoin mining industry. Despite the challenges and fluctuations in the cryptocurrency market,Hut8 has managed to maintain a high level of mining output. This news highlights the importance of mining operations in the overall Bitcoin ecosystem.

2. Hut8's mining operations - Hut8 operates a vast network of mining facilities that house powerful computers dedicated to solving complex mathematical equations to validate Bitcoin transactions. The company's successful mining endeavors suggest the efficient utilization of resources and advanced mining technology. Hut8's ability to mine a significant amount of Bitcoin in September demonstrates its competitive advantage in the industry.

3. Bitcoin profitability - The fact that Hut8 has been able to mine 111 BTC in a single month also implies the profitability of Bitcoin mining,despite concerns about energy consumption and increasing mining difficulty. This news may encourage other players in the market to invest in Bitcoin mining and further contribute to the network's security and decentralization. However,it is worth noting that mining profitability can be influenced by factors such as electricity costs,equipment efficiency,and Bitcoin's price volatility.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,052.90 2,001,111,176.70
2 BTC title=BTC 61,420.82 779,854,550.26
3 ETH title=ETH 2,931.29 317,940,848.04
4 SOL title=SOL 143.50 205,661,295.39
5 PEPE title=PEPE <0.01 186,725,003.65
6 DOGE title=DOGE 0.14 113,205,395.36
7 RUNE title=RUNE 6.11 95,935,178.35
8 WIF title=WIF 2.97 66,147,551.20
9 WLD title=WLD 5.97 63,333,379.98
10 RNDR title=RNDR 10.83 61,650,359.77
11 BOME title=BOME 0.01 56,993,797.56
12 XRP title=XRP 0.50 48,798,860.61
13 JTO title=JTO 4.01 47,957,114.50
14 ENA title=ENA 0.83 41,758,504.34
15 NEAR title=NEAR 6.87 39,294,148.24
16 UMA title=UMA 4.34 38,838,232.17
17 PORTAL title=PORTAL 0.82 36,939,338.30
18 TNSR title=TNSR 0.93 32,824,414.95
19 AR title=AR 41.94 29,580,419.13
20 RARE title=RARE 0.14 27,154,969.41
21 FTM title=FTM 0.70 25,343,404.80
22 AVAX title=AVAX 33.16 23,224,080.61
23 ETHFI title=ETHFI 3.67 20,637,685.92
24 BONK title=BONK <0.01 19,397,178.32
25 ARKM title=ARKM 2.47 19,270,490.31
26 GMX title=GMX 29.91 17,888,352.35
27 FLOKI title=FLOKI <0.01 16,764,937.62

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 UMA title=UMA 4.34 +12.45
2 Aergo title=AERGO 0.14 +10.25
3 BENQI title=QI 0.02 +8.21
4 SuperRare title=RARE 0.14 +7.92
5 High title=HIGH 4.77 +5.40
6 Arweave title=AR 41.94 +5.08
7 AS Roma Fan Token title=ASR 3.81 +5.08
8 THORChain title=RUNE 6.11 +4.77
9 Lisk title=LSK 1.91 +4.54
10 Flux title=FLUX 0.88 +4.38
11 Powerledger title=POWR 0.31 +4.34
12 Numeraire title=NMR 27.13 +4.23
13 Civic title=CVC 0.17 +3.87
14 DataBot title=DATA 0.05 +3.63
15 Sushi title=SUSHI 1.07 +3.57
16 Worldcoin title=WLD 5.97 +3.31
17 SafePal title=SFP 0.82 +3.29
18 Chiliz title=CHZ 0.13 +3.25
19 Polymesh title=POLYX 0.38 +3.14
20 GMX title=GMX 29.91 +3.07
21 Voyager title=VGX 0.09 +2.98
22 Komodo title=KMD 0.41 +2.86
23 Alpaca Finance title=ALPACA 0.17 +2.85
24 Rocket Pool title=RPL 19.92 +2.73
25 Pepe title=PEPE <0.01 +2.71
26 IQ title=IQ <0.01 +2.59
27 SSV Network title=SSV 35.77 +2.46
28 Dego Finance title=DEGO 2.20 +2.38
29 PowerPool Concentrated Voting Power title=CVP 0.37 +2.28
30 Omni Network title=OMNI 17.10 +2.21

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Hive title=HIVE 0.33 -9.11
2 ForTube title=FOR 0.02 -7.87
3 Pyth Network title=PYTH 0.44 -5.55
4 Ellipsis X title=EPX <0.01 -5.24
5 Viction title=VIC 0.45 -5.09
6 Celer Network title=CELR 0.03 -5.04
7 Tensor title=TNSR 0.93 -4.87
8 ARK title=ARK 0.80 -4.87
9 Bounce title=AUCTION 16.63 -4.54
10 Ethernity Chain title=ERN 4.62 -4.53
11 Coin98 title=C98 0.25 -4.47
12 Enzyme title=MLN 20.47 -4.26
13 Immutable title=IMX 2.18 -4.00
14 FC Barcelona Fan Token title=BAR 2.42 -3.85
15 TrueFi title=TRU 0.11 -3.49
16 NKN title=NKN 0.11 -3.42
17 Perpetual Protocol title=PERP 0.97 -3.39
18 Horizen title=ZEN 8.14 -3.33
19 BarnBridge title=BOND 2.89 -3.25
20 TerraClassicUSD title=USTC 0.02 -3.24
21 Any Inu title=AI 1.12 -3.21
22 Golem title=GLM 0.53 -3.19
23 Hifi Finance title=HIFI 0.78 -3.19
24 IDEX title=IDEX 0.06 -3.18
25 Jito title=JTO 4.01 -3.14
26 JOE title=JOE 0.46 -3.09
27 LeverFi title=LEVER <0.01 -3.07
28 LTO Network title=LTO 0.17 -3.06
29 Mobox title=MBOX 0.34 -3.06
30 NFPrompt title=NFP 0.48 -3.04

Bitcoin's Greed and Fear Index.

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56
Greed

Global CryptoCurrency News

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(See more news ...)
at news date
1 Bitcoin repeats 2016 history perfectly amid 350K price prediction Traders 2024-05-12
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3 Apple finalizing deal with OpenAI for ChatGPT iPhone integration Report 2024-05-12
4 Nigerias foreign investment at risk due to Binance bribery allegations 2024-05-12
5 Runes protocol sees significant decline in activity 2024-05-12
6 Franklin Templeton CEO says all ETFs and mutual funds will be on blockchain 2024-05-12
7 Bitcoin repeats 0392016 history perfectly039 amid 350K price prediction Traders 2024-05-12
8 Mark Cuban advocates for CFTC to regulate all crypto ahead of US election day 2024-05-11
9 SEC insists that Coinbase just does not like the answer 2024-05-11
10 Binance to be under FRA surveillance for next 3 years Report 2024-05-11
11 ARK and 21Shares drop staking plans from Ethereum ETF proposal 2024-05-11
12 What is cryptocurrency insurance and how does it work 2024-05-11
13 Bitcoin halving 039danger zone039 has 2 days left with BTC price retesting 60K 2024-05-11
14 Interpol Nigeria boosts cybersecurity with virtual asset training 2024-05-11
15 JPMorgans Onyx to industrialize blockchain PoCs from Project Guardian 2024-05-11
16 Bitcoin volatility plunges below Tesla Nvidia stocks amid 100K price prediction 2024-05-11
17 OKX Ventures invests in Web3 play ARPG to train AI game Blade of God X 2024-05-11
18 3 reasons why traders put an 800 target on BNB price 2024-05-11
19 Solana fees to surpass Ethereum trader loses over 1M due to hard fork Finance Redefined 2024-05-11
20 House expected to vote on crypto bill offering SEC CFTC clarity in May 2024-05-11
21 Crypto Biz SEC targets Robinhood Grayscales Ethereum ETFs and more 2024-05-11
22 WBTC address poisoner sends nearly all funds back to victim after negotiations 2024-05-11
23 JPMorgan reports holding shares of several spot Bitcoin ETFs 2024-05-11
24 Open source CBDCs arent going to protect you from government 2024-05-11
25 Mark Cuban advocates for CFTC to regulate 039all crypto039 ahead of US election day 2024-05-11
26 SEC insists that Coinbase 039just does not like the answer039 2024-05-11
27 ByBit to launch Notcoin trading and withdrawals next week 2024-05-10
28 Grayscale Bitcoin ETF nullifies 669M inflows in 2 days 2024-05-10
29 Telegram linked Toncoin soars 50 in May for these 3 reasons 2024-05-10
30 IMF backs Nigeria crypto adoption amid local SEC crackdown 2024-05-10
31 Bitcoin still lacks 60K support as BTC price nears 100M liquidity zone 2024-05-10
32 Binance obtains FIU approval for India return 2024-05-10
33 Zilliqa battles back to back network disruptions amid latest upgrade rollout 2024-05-10
34 US officials seek easier pathways to ban AI exports and keep tech secrets in 2024-05-10
35 Crypto firms brace for intensified SEC CFTC action after regulator warning 2024-05-10
36 Hong Kong issuer seeks spot Bitcoin ETF for mainland China 2024-05-10
37 Coinbases Stand With Crypto launches political action committee 2024-05-10
38 Bugs in Gains Network fork let traders profit 900 on every trade Report 2024-05-10
39 Trump themed MAGA memecoin rallies after his pro crypto comments 2024-05-10
40 Coinbase sees infinite interoperability potential with Ethereum and USDC 2024-05-10
41 Binance hits back at WSJ Hong Kong crypto ETFs take 50B equivalent Asia Express 2024-05-10
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47 Jack Dorsey says Bitcoin will be worth 039at least a million039 by 2030 2024-05-10
48 Ethereum L2 Eclipse CEO steps back amid sexual misconduct claims 2024-05-10
49 How to connect BNB Smart Chain to MetaMask 2024-05-09
50 Taiwan proposes tougher AML measures for crypto service providers 2024-05-09

US news that has a significant impact on the market

at news day date time
1 FOMC Member Jefferson Speaks Monday 13-05-2024 14:00
2 FOMC Member Mester Speaks Monday 13-05-2024 14:00
3 Mortgage Delinquencies Monday 13-05-2024 15:00
4 NFIB Small Business Index Tuesday 14-05-2024 11:00
5 Core PPI m/m Tuesday 14-05-2024 13:30
6 PPI m/m Tuesday 14-05-2024 13:30
7 FOMC Member Cook Speaks Tuesday 14-05-2024 14:10
8 Fed Chair Powell Speaks Tuesday 14-05-2024 15:00
9 Core CPI m/m Wednesday 15-05-2024 13:30
10 Core Retail Sales m/m Wednesday 15-05-2024 13:30
11 CPI m/m Wednesday 15-05-2024 13:30
12 CPI y/y Wednesday 15-05-2024 13:30
13 Empire State Manufacturing Index Wednesday 15-05-2024 13:30
14 Retail Sales m/m Wednesday 15-05-2024 13:30
15 Business Inventories m/m Wednesday 15-05-2024 15:00
16 NAHB Housing Market Index Wednesday 15-05-2024 15:00
17 Crude Oil Inventories Wednesday 15-05-2024 15:30
18 FOMC Member Bowman Speaks Wednesday 15-05-2024 20:20
19 TIC Long-Term Purchases Wednesday 15-05-2024 21:00
20 Unemployment Claims Thursday 16-05-2024 13:30
21 Building Permits Thursday 16-05-2024 13:30
22 Philly Fed Manufacturing Index Thursday 16-05-2024 13:30
23 Housing Starts Thursday 16-05-2024 13:30
24 Import Prices m/m Thursday 16-05-2024 13:30
25 Industrial Production m/m Thursday 16-05-2024 14:15
26 Capacity Utilization Rate Thursday 16-05-2024 14:15
27 FOMC Member Barr Speaks Thursday 16-05-2024 15:00
28 Natural Gas Storage Thursday 16-05-2024 15:30
29 FOMC Member Mester Speaks Thursday 16-05-2024 17:00
30 FOMC Member Bostic Speaks Thursday 16-05-2024 20:50
31 CB Leading Index m/m Friday 17-05-2024 15:00
32 FOMC Member Waller Speaks Friday 17-05-2024 15:15
33 FOMC Member Kugler Speaks Saturday 18-05-2024 22:45

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