Swan Bitcoin capitulates, BTC miners shrink, consolidation grows, fears mount

Quick Summary:

The post Swan Bitcoin capitulates, BTC miners shrink, consolidation grows, fears mount appeared first on CoinGeek.

Even as the BTC token’s fiat value has recovered much of the losses it endured over the past couple of months, it’s still not always high enough to cover the huge electricity costs of successfully mining a BTC block.

BTC’s block reward mining concentration got a little more concentrated this week, amplifying concerns about the future of the network’s proof-of-work consensus mechanism.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets: Canada

Topics: BTC Bitcoin Core Satoshi Nakamoto Managed Mining Stablecoins Germany BSV blockchain Swan Bitcoin Proof of work Cory Klippsten Donald Trump Northern Data Block reward mining AI Tether USDT Tech Bitcoin SV Paolo Ardoino Crypto Crime Cartel Artificial intelligence United States

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 11:00:51 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1406 words

Reading Time: 8 minutes read

Sentences: 45 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 21750848

View Article Analysis

About CoinGeek

Main Topics: Crypto

Official Website: coingeek.com

Update Frequency: 8 posts per day

Year Established: 2012

Headquarters: Canada

News Last Updated: 14 hours ago

Coverage Areas: Canada

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #82

Publisher Details

Frequently Asked Questions