By Coin Metrics|2023-04-06T16:27:40-04:00March 8, 2021|General Research, Karim Helmy|
Ethereum and Mining The Ethereum community has always had a somewhat strained relationship with miners. The network’s proof of work algorithm, Ethash, was explicitly designed to be resistant to ASIC mining and hence miner professionalization. Since then, the network’s migration [...]
By Coin Metrics|2023-03-24T12:18:45-04:00March 2, 2021|Nate Maddrey, State of the Network|
The market took a downturn last week after bitcoin (BTC) reached as high as $58K. The stock market also sold off as the 10-year Treasury note yield had its highest one-month increase since 2016. As a result of the dual selloffs the [...]
By Coin Metrics|2023-03-24T17:41:48-04:00February 23, 2021|Karim Helmy, State of the Network|
Miners are often considered natural sellers of bitcoin (BTC). Their revenue is earned from block rewards and transaction fees which are paid out in BTC. But their costs, like electricity and rent, are paid using fiat currencies. Miners therefore need [...]
By Coin Metrics|2023-04-06T16:27:50-04:00February 22, 2021|General Research, Karim Helmy|
Miners are frequently blamed for causing dips in the price of Bitcoin. These accusations are often unsubstantiated—worse still, they’re sometimes based on faulty metrics that conflate mining pool payouts with miner spending, ultimately misleading their users. Accurately assessing the degree [...]
By Coin Metrics|2023-03-24T12:19:01-04:00February 16, 2021|Nate Maddrey, State of the Network|
Late last week BNY Mellon, the world’s largest custodian bank with over $2 trillion in assets under management, became the latest institution to announce support for digital currencies.
By Coin Metrics|2023-03-24T12:19:06-04:00February 9, 2021|Nate Maddrey, State of the Network|
Tesla announced a $1.5B purchase of bitcoin on Monday, less than two weeks after Elon Musk added #bitcoin to his Twitter bio. The large buy adds Tesla to the growing list of public companies buying and holding bitcoin (BTC) in their treasuries.
By Coin Metrics|2023-03-24T12:19:13-04:00February 2, 2021|Nate Maddrey, State of the Network|
The stock market was turned upside down last week. Retail investors organized on Reddit and took over, making a killing off of heavily shorted stocks like GME and AMC while major hedge funds lost billions.
By Coin Metrics|2023-03-24T12:19:23-04:00January 26, 2021|Nate Maddrey, State of the Network|
As bitcoin (BTC) price reaches new all-time highs, renewed rounds of fear, uncertainty, and doubt (aka FUD) have come with it. On January 20th articles began to circulate claiming there had been a Bitcoin double-spend.
By Coin Metrics|2023-03-24T12:19:27-04:00January 19, 2021|Nate Maddrey, State of the Network|
It’s starting to feel a lot like altseason. That magical time of year when people you went to high school with start messaging you out of the blue to ask about a coin you thought died in 2017.
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