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Mining Difficulty Declines for First Time in Almost Four Months

1/7 What’s happening in Crypto by Biverse 08 Nov 2022

💰BTC Price: 18,274 🔋Hashrate: 263.82 EH/s 📊Difficulty: 36.76 T Bitcoin BTC cryptocurrecy Crypto airdrop Blockchain climate

💰Bitcoin 2/7 Bitcoin mining difficulty shrinks for the first time in 4 weeks. The network’s difficulty dropped 0.2% late Sunday evening ET from 36.84 T to 36.76 T, allowing miners to catch a breath after many dramatic increases this year.

3/7 Foundry USA, Bitcoin’s top mining pool’s hashrate climbed 350% in 12 months. The firm managed to capture 11,109 blocks since Nov. 6, 2022, which equates to 20.77% of the aggregate hashrate during a 12-month span.

4/7 Canadian miner Hive Blockchain holds 68M worth of BTC according to production report, which also reveals that the company has no debt and its October production was 307 BTC. It is among the few in the industry that are out pacing current bear.

💹Market Place 5/7 Mixed results for Monday 7 Nov as performance of stocks tracked by Biverse varied. Most recorded downturn while Hut 8, CleanSpark and Bit Digital recording slight gains. Biggest gainers were Core Scientific (+5.29%) and

(+6.60%).

SAI

6/7 Mining firm Iris Energy is facing claims from its lender alleging that it has defaulted on 103 million of equipment loans held by two SPVs. The default notice came with lender alleging failure to engage in "good faith restructuring discussions" for the debt in question.

🦍Big Guys 7/7 Riot Blockchain’s Q3 revenue 46.3M

fell below estimates of 56.3M. Riot's revenues were lower than the previous quarter's 72.9M, and lower than for the same period last year, when the firm reported 64.8 million.

This post is based on this twitter thread.

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