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ONMINE

ONMINE

Technology, Information and Internet

Transforming Energy into Opportunity | Experts in Power, Bitcoin Mining, Data Centers, and HPC Solutions

About us

ONMINE is your trusted partner in the world of Energy, Data centers, Bitcoin mining and hosting solutions. We empower companies to exceed their goals through tailored solutions and sustainable practices. 🔗 About Us: From humble beginnings of self-mining Bitcoin in our basements in 2017, ONMINE has evolved as an emerging force in the Bitcoin mining and data center development space. Our journey has been marked by relentless passion, innovation, and dedication. We take pride in having constructed 5+ data centers and connected 100+ MW contracts. 🌟 What We Do ✅ Power Solutions: We specialize in reducing power costs and turning energy challenges into opportunities. We help you exceed financial and sustainability goals while enhancing energy efficiency and reliability by monetizing excess or curtailed power for industrial users and power producers. ✅ Data Centers: We design, develop, and manage cutting-edge data centers tailored for high-efficiency Bitcoin mining & HPC. Strategically located, our data centers provide unparalleled connectivity, reliability, and cost-effectiveness. ✅ Hosting & Consulting Services: We help clients—from startups to industry veterans—secure top-tier PPAs, source hardware & infrastructure, hosting deals, negotiate contracts, and optimize operations, maintenance & repairs to maximize returns. 💡 Why Choose ONMINE? ✨ Expert Team: Our team comprises blockchain enthusiasts, engineers, & financial experts who are passionate about helping clients succeed in the world of Bitcoin mining, Datacenters & Energy. ✨ Sustainability: We are committed to environmentally responsible practices, optimizing energy consumption to reduce our carbon footprint. ✨ Global Reach: Our operations span across key regions, providing clients with access to diverse options and competitive pricing. #Hardware #Compute #AI #BitcoinMining #Hosting #Bitcoin #Cryptocurrency #Blockchain #DataCenters #ONMINE

Industry
Technology, Information and Internet
Company size
2-10 employees
Headquarters
Toronto
Type
Privately Held
Founded
2021

Locations

Employees at ONMINE

Updates

  • ONMINE is excited to attend Mining Disrupt 2025—the world’s largest Bitcoin mining conference—on March 25–27 at the Broward Convention Center in Miami. Meet our co-founders, Ahmed & Ziyad Elgamal, and learn how we’re driving innovation in data centers, hosting, and sustainable Bitcoin mining. Let’s connect in Miami—reach out if you’ll be there! #ONMINE #MiningDisrupt #BitcoinMining #DataCenters #EnergyInnovation #Bitcoin

    • ONMINE is excited to attend Mining Disrupt 2025—the world’s largest Bitcoin mining conference—on March 25–27 at the Broward Convention Center in Miami. 

Meet our co-founders, Ahmed & Ziyad Elgamal, and learn how we’re driving innovation in datacenters, hosting, and Bitcoin mining.

Let’s connect in Miami—reach out if you’ll be there!
  • 📢 Bitcoin Mining Faces a Pivotal Moment: Rising Costs, Strategic Moves & Trump’s Bitcoin Pivot This week’s mining developments signal big changes for the industry: ⚡ Bitdeer’s Breakthrough: The new A3 chip hits 9.7 J/TH, pushing efficiency to new highs. Meanwhile, its Bitcoin holdings have soared past 1K BTC, solidifying its position in the mining space. 💰 Canaan’s $200M Expansion: The ASIC giant is aggressively scaling North American operations, targeting 10 EH/s by H2 2025. 🏗️ Iceriver Enters Hosting: No longer just an ASIC vendor, Iceriver is acquiring & building data centers in the U.S., signaling deeper industry integration. ⚖️ Mawson in Legal Trouble: Facing a lawsuit over $30M in Bitcoin mining rigs, with a restraining order in place to prevent tampering with Stone Ridge, Consensus, and NYDIG’s machines. ⛏️ Solo miner using a tiny 480 GH/s Bitaxe rig wins Bitcoin block, earning $263K against 1-in-a-million odds. 📉 Miners Shift to Debt: With Bitcoin dipping below $85K and hashprice down, miners have stopped equity raises and are relying on debt to sustain operations. 🇺🇸 Trump’s Strategic Bitcoin Reserve: A policy pivot that could shape the future of Bitcoin adoption at a national level. Bitcoin mining is facing rising costs, regulatory shifts, and new competition—How will the industry adapt? 📖 Read the full analysis in this week’s Bitcoin Paperboy: https://lnkd.in/ecQ93yhi

    • 🔥From Volatility to Victory: Can Bitcoin and the faithful Miners Weather the Storm?
🌍Release W11'25 | 887,770 | Bitcoin Mining costs climb but so does market ; Solo miners defy the odds; institutions stack BTC; & Trump’s Bitcoin pivot reshapes the narrative—what’s next market?
    • For this week’s Hash & Cash Index, BTC price dips to 83,473, a 5.83% decrease from last week, contradicting market growth. Market cap stays as above the $1T, settling at $ 1.547 (-6.07% WoW). Hashprice sit at $47.32 USD/PH/day, a 7.70% decrease. The global hashrate rose 4.12%, reaching 833.36 EH/s. The current epoch’s difficulty rises to 112.15 T this week. We’re at block 735 of 2016 for this epoch. Rewards remain at 3.16 BTC per block. Fees in blocks settles to 1.26% showing a increase of 10.53%. The average block time has decreased to 9 minutes and 35 seconds. Source: Hashrate Index, Mempool, ONMINE.
    • This week’s Pool reward index settles to 104.70%, an increase from last week 4.28% with 19 active pools chipping away 1049 blocks. The total miner reward over the last 144 blocks contracted to 455.62 BTC rises 0.12% from last week, the dollar valuation of this rewards rises to $37M (-6.45% WoW). Average block fees are equal to 0.0390BTC/block up 10.17% Wow and estimated to be $3,1250 per block. Transaction fee per Network transaction equate to 1.3k sats per transaction, costing around $1.08 per transaction on the Bitcoin network over the last 144 block. Source: Mempool, ONMINE
    • In this week’s 1008 block mining pool race, Foundry USA remains at the forefront, with a total reported hashrate of 289.68 EH/S, clinching 364 blocks. ANTPOOL continues to challenge, harvesting 193 blocks with 153.60 EH/S. F2Pool and ViaBTC are neck and neck in the hashrate hustle, grabbing 98 and 146 blocks, respectively. Luxor staying in the top ranks, with a hashrate of 30.24 EH/S and manages to secure 38 blocks over the last week. Source: Mempool, ONMINE.
    • ⛏️ Solo miner using a tiny 480 GH/s Bitaxe rig wins Bitcoin block, earning $263K against 1-in-a-million odds.
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  • 📢 Bitcoin Enters the Political Arena—Trump’s Crypto Summit Looms Bitcoin’s hashprice surged to $53/PH/s, giving miners a break, but 14 public miners saw a 22% market cap drop in February. Meanwhile, the U.S. spot Bitcoin ETF market rebounded with $94.34M in inflows on the last day of the month, though February still ended with $3.65B in net outflows. Key developments: ✅ Trump signs Bitcoin Reserve order – regulatory shift incoming? 🏦 Texas & NH advance Bitcoin reserve bills – states stacking sats? 🌎 China reportedly building Bitcoin reserves – de-dollarization move? 📉 Mt. Gox moves 11,834 BTC – is repayment finally coming? As Trump’s March 7 Crypto Summit approaches, the industry watches closely—will Bitcoin push to $100K or face more turbulence? 🔗 Read the full Bitcoin Paperboy report: https://lnkd.in/edEWsZZ8 #Bitcoin #Crypto #Finance #Investment #DigitalAssets #CryptoRegulation #bitcoinmining #onmine #thepapernews

  • 🔍 AI Innovation Heats Up: The Next Frontier The AI sector is witnessing unprecedented investment and competition, with major players making bold moves: 👉 Grok-3 outperforms ChatGPT & Gemini, showing massive potential for real-world applications. 👉Elon Musk hints at using AI for SpaceX’s Mars mission, signaling the tech’s growing role in aerospace. 👉Musk & investors bid $100B to acquire OpenAI, potentially reshaping the industry’s leadership. 👉Saudi Arabia injects $14.9B into AI, reinforcing its ambition to become an AI powerhouse. 👉The AI data center market sees a record $31.5B in investments, with hyperscalers expanding globally. With billions pouring into AI infrastructure and supercomputing, are we on the brink of a new AI-driven industrial revolution? 📖 Full insights here → https://lnkd.in/gM_DSTVS #AI #ArtificialIntelligence #MachineLearning #DeepLearning #Grok3 #ElonMusk #OpenAI #TechTrends #AIInnovation #onmine #papernews

  • 🚨 The Great Energy Shift: Crisis or Opportunity? Global energy demand is rising faster than expected, growing 4% annually as AI, data centers, and electrification reshape the landscape. The U.S. grid is under strain with transformer shortages, skyrocketing power needs, and billion-dollar investments flooding the sector. Key trends shaping the future: ⚡ AI-driven energy demand surges—U.S. electricity use expected to rise 2% yearly 🔋 Transformer delays now exceed 120 weeks, stalling infrastructure growth 🌞 Solar + battery storage will dominate 2025, making up 81% of new power capacity 🇪🇺 Baltic States disconnect from Russia’s grid, reinforcing Europe’s energy independence 💰 Massive U.S. grid investments—Sempra, CenterPoint, GE Vernova pouring billions With the energy world at a tipping point, who will adapt, and who will fall behind? 🔗 Read the full analysis here: https://lnkd.in/eCmDuw8Q #EnergyMarkets #GridResilience #AI #Infrastructure #CleanEnergy #PowerGrid

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    🚀 Powering 2025 with the first 10 MW Grid Interconnection Underway! We’re kicking off the year with a milestone—setting the first grid takeoff pole for our 12.47 kV three-phase, 60 Hz Grid Interconnection Project. This 10 MW site will be fully energized in the upcoming weeks, marking a significant step in expanding power infrastructure for large-scale energy operations. With this interconnection, we’re ensuring: ✅ Seamless 12.47 kV three-phase, 60 Hz power distribution ✅ Increased efficiency for industrial-scale energy users ✅ Reliable and scalable infrastructure for future demand This is just the first of many key energy projects in 2025. Stay tuned for more updates! ⚡ 📸 Check out the latest images from the site! #GridInfrastructure #EnergyExpansion #PowerInnovation #onmine #datacenter

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  • 📩 Bitcoin Weekly Recap – W8’25 | No Rigs, No Hash! Bitcoin ETFs Boom, Gold Sweats & Trump’s Crypto Play 🔥 🚨 Bitcoin is flexing. The U.S. mining industry is scrambling. Trump is talking. This week is packed with power moves, shake-ups, and regulatory battles that could define Bitcoin’s future. 🛑 No Rigs, No Hash – CBP is seizing Bitmain, MicroBT, and Canaan miners at U.S. ports, citing FCC violations. With ASIC imports frozen, could American Bitcoin mining face a supply crisis? 📉 ETF Outflows & Gold’s Nervous Sweat – Bitcoin ETFs crushed the $750B trading volume mark, outpacing gold ETFs. But outflows hit $494M last week, raising questions: is this just a shakeout, or the start of something bigger? 🔥 Mining Goes Corporate – Jane Street just grabbed a 6% stake in Iris Energy. Institutional giants now dominate Bitcoin mining, with BlackRock, Vanguard, and Fidelity holding major stakes in 15 top miners. Is decentralization under threat? 💰 States Stack Bitcoin – Montana and Utah push Bitcoin reserve bills, while 12 U.S. states hold a combined $330M in Strategy (MSTR) stock. Could we see a state-backed Bitcoin reserve sooner than expected? 💥 Trump’s Playbook – Trump vows to end Biden’s crypto war, the SEC drops its case against Coinbase, and a U.S. task force sets its sights on a national Bitcoin reserve. The game is changing—fast. 🏛 Big Money Moves – JPMorgan, Goldman Sachs, and PNC Bank increase Bitcoin ETF holdings. Meanwhile, Metaplanet buys 2,100 BTC, and Semler’s BTC stash jumps $28.85M in value. 🤯 Satoshi-Dorsey Connection? – A wild new theory ties Jack Dorsey to Bitcoin’s first and last mined blocks. Coincidence, or something deeper? 🚀 What’s Next? Will Bitcoin continue its institutional takeover, or will regulatory pressure slow it down? With mining rigs being seized and ETF money flowing in and out, we’re watching closely. 📩 Read the full breakdown below—this week’s signal is loud. 👇 https://lnkd.in/eZ7eQjgS

    • 🛑US Customs Attempt at Killing the Bitcoin Mining Industry but Wall Street is buying Dips; Bitcoin ETF-Boom and Gold-Sweats!
🧨Release W8'25 | 884,715 | Bitcoin ETFs Crush $750B; Wall Street Loads Up on Public Miners; Crypto Trump; 12 States Invest $330M; and Mining Faces Crisis with “The Great US ASIC Seizure"
    • For this week’s Hash & Cash Index, BTC price increases to $99,172, marking a slight 2.44% up from last week. Market cap stays as above the $1T, settling at $ 1.833B (2.23% WoW). Hashprice sit at $55.18 USD/PH/day, a 2.62% increase. The global hashrate dropped 1.59%, settling at 811.80 EH/s. The current epoch’s difficulty remains at 114.17 T. We’re at block 1709 of 2016 for this epoch. Block rewards average 3.17 BTC per block, reflecting a 0.32% change from the previous block. Fees in blocks settles to 1.34% showing an increase of 15.52%. The average block time has increased to 10 minutes and 14 seconds. Source: Hashrate Index, Mempool, ONMINE.
    • This week’s Pool reward index settles to 97.42%, a decrease from last week 3.73% with 19 active pools chipping away 982 blocks. The total miner reward over the last 144 blocks contracted to 456.05 BTC up 0.18% from last week, the dollar valuation of this rewards increased to $45M (2.47% WoW). Average block fees are equal to 0.0420BTC/block up 15.38% Wow and estimated to be $4,158 per block. Transaction fee per Network transaction equate to 1.11k sats per transaction, costing around $1.09 per transaction on the Bitcoin network over the last 144 block. Source: Mempool, ONMINE
    • In this week’s 1008 block mining pool race, Foundry USA remains at the forefront, with a total reported hashrate of 229.51 EH/S, clinching 283 blocks. ANTPOOL continues to challenge, harvesting 192 blocks with 155.71 EH/S. F2Pool and ViaBTC are neck and neck in the hashrate hustle, grabbing 118 and 153 blocks, respectively. Luxor staying in the top ranks, with a hashrate of 24.33 EH/S and manages to secure 30 blocks over the last week. Source: Mempool, ONMINE.
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    💓 Bitcoin’s Wild Week: ASIC Ban, ETF Exodus, and States Stacking BTC 🚀 Bitcoin held steady between $96K–$97K, but behind the scenes, big moves are happening: 💥 U.S. halts ASIC imports, shaking up the mining industry as Antminer S19 Pro nears its end of life. 📉 Bitcoin ETFs saw $494M in outflows in just three days—Fidelity lost $102M, BlackRock $22M—but institutions are still stacking BTC. 🔥 22 U.S. states, led by Texas, Utah & Montana, are pushing for Bitcoin reserves—is this the start of state-level adoption? 🏦 Goldman Sachs holds $2B in Bitcoin ETFs, Bank of Montreal buys $150M, and PNC Bank increased BTC ETF holdings from $10M to $67M. 🎉 A solo miner won the jackpot, mining 3.125 BTC ($300K) against all odds. ⛏️ Bitcoin difficulty hit a record 114.17T, hashprice fell to $53/PH/s, and legacy miners are struggling to stay profitable. ⚡ Phoenix Group’s revenue surged 236% YoY, CleanSpark cut its hashcost by 25%, and Riot explores AI hosting. 🚨 Illegal mining uncovered in Malaysia after a power theft explosion. 🚀 The Big Question As states, institutions, and banks quietly load up on Bitcoin, is this just a dip—or a signal that the next bull wave is coming? Read the full report below and let us know: Are states buying Bitcoin the next big catalyst? ⬇️ https://lnkd.in/eNu_T2wj

    • For this week’s Hash & Cash Index, BTC price decreases to $96,806, marking a slight 2.32% dip from last week. Market cap stays as above the $1T, settling at $ 1.739B (-3.03% WoW). Hashprice sit at $53.77 USD/PH/day, a 8.30% decrease. The global hashrate decreases by 0.56% settling at 824.98 EH/s. The current epoch’s difficulty is locked at 114.17 T. We’re at block 731 of 2016 for this epoch. Block rewards remain steady at an average of 3.16 BTC per block, with no change (0.00%). Fees in blocks settles to 1.16% showing an increase of 2.62%. The average block time has increases to 10 minutes and 12 seconds. Source: Hashrate Index, Mempool, ONMINE.
    • This week’s Pool reward index settles to 101.19%, a decrease from last week 4.85% with 20 active pools chipping away 1020 blocks. The total miner reward over the last 144 blocks contracted to 455.25 BTC down 0.54% from last week , the dollar valuation of this rewards dip to $44M (-3.07% WoW). Average block fees are equal to 0.0364BTC/block up 3.03% Wow and estimated to be $3,521 per block. Transaction fee per Network transaction equate to 1.15k sats per transaction, costing around $1.51 per transaction on the Bitcoin network over the last 144 block. Source: Mempool, ONMINE
    • In this week’s 1008 block mining pool race, Foundry USA remains at the forefront, with a total reported hashrate of 262.42 EH/S, clinching 328 blocks. ANTPOOL continues to challenge, harvesting 166 blocks with 132.81 EH/S. F2Pool and ViaBTC are neck and neck in the hashrate hustle, grabbing 105 and 139 blocks, respectively. Luxor staying in the top ranks, with a hashrate of 15.20 EH/S and manages to secure 19 blocks over the last week. Source: Mempool, ONMINE.
    • Despite its efficiency, the Antminer S19XP Hydro, marketed by Bitmain at $9 per TH/s with a $0.01 per kWh hosting fee, generates only $0.106 per kWh in revenue, highlighting the impact of the profitability squeeze on the one of the most efficient ASICs.
    • The Bitcoin Treasury Index for this week steady reflecting a stable grip on holdings, with 75 companies increasing their trove to precisely 2,947,341.39 BTC. Government also join the bitcoin standard with 7 countries holding 529,192.0 BTC. The value locked in these treasuries for Companies and Government tells a different story swelling to a robust $285.01B and $51.17B, respectively. A total of 14.035% all Bitcoins are held in corporate treasuries, while government holds 2.520 % of all Bitcoins, reinforcing the sentiment of a consolidating market among institutional & Government participants. Source: NewHedge, ONMINE.
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  • 🚨 Bitcoin Surges Above $100K after dipping to $98K; difficulty drops 2.12%, easing miner strain. 📜 Bitcoin mining difficulty drops 2.12%; mining firms hit hard—Galaxy Digital down 15.87%, MARA 8.53%, Riot 15.47%, as Deepseek AI hype shakes markets. 🏦 MicroStrategy buys 10,107 BTC for $1.1B; Metaplanet raises for 10,000 BTC;  Tesla gains $600M from 9,720 BTC in Q4, boosting income to $2.3B; Trump Media launches Truth.Fi with a $250M crypto fund; UK may use seized Bitcoin for deficit reduction. 🌎 El Salvador updates Bitcoin Law, removing taxes but keeping no capital gains; Poland becomes the 5th-largest Bitcoin ATM hub; Arizona, Utah, and Illinois push Bitcoin-related bills; Texas proposes Bitcoin Reserve; Czech National Bank eyes 5% in Bitcoin; France investigates Binance; and Kazakhstan urges crypto infrastructure improvements. ⚡ KBW rates Bitdeer, CleanSpark, and Core Scientific; Grayscale ETF gives exposure to 23 mining firms, including Marathon and Riot; do miners lower electricity rates? 🛠️ F2Pool censors transactions; Rosseti explores mining; AgriFORCE buys 5 MW site; DCG launches Fortitude Mining, Argo deploys 5,293 Antminers; Bitfarms sells Paraguay site for $85M. 🚀 Robinhood launches Bitcoin futures; OKX secures MiCA license; Ledger co-founder kidnapped for crypto ransom; CME Group introduces Bitcoin Friday options. 📲 Stay ahead with Bitcoin and mining insights! Got questions? DM us! ➡️Swipe for mining pool rankings, treasury info, and network health! 📢Stay updated here: https://lnkd.in/e8tfT7n4

    • Bitcoin Bounce Back despite AI Turbulence, but Wen USA BTC Stack. Release W5'25 | 881,650 | Bitcoin Dips but rebounds Above $100K—Mining Difficulty Drops 2.12%, and MicroStrategy Stacks Another 10,107 BTC with some new BTC-whales
    • For this week’s Hash & Cash Index, BTC price rises to $104,575, marking a slight 0.55% dip from last week. Market cap stays as above the $1T, settling at $ 1.941B (-0.15% WoW). Hashprice sit at $61.58 USD/PH/day, a 1.26 % increase. The global hashrate decreases by 1.39% to reach 778.76 EH/s. The current epoch’s difficulty is locked at 108.11 T. We’re at block 649 of 2016 for this epoch. Block rewards decreases by 0.63%, settling at an average of 3.16 BTC per block. Fees in blocks settles to 1.10% showing an decrease of 32.51%. The average block time has increase to 9 minutes and 48 seconds. Source: Hashrate Index, Mempool, ONMINE.
    • This week’s Pool reward index settles to 99.05%, an increase from last week 0.49% with 20 active pools chipping away 1003 blocks. The total miner reward over the last 144 blocks contracted to 454.90 BTC down 0.43% from last week , the dollar valuation of this rewards dip to $47M (-1.18% WoW). Average block fees are equal to 0.0340BTC/block down 28.42% Wow and estimated to be $3,559 per block. Transaction fee per Network transaction equate to 1.36k sats per transaction, costing around $1.43 per transaction on the Bitcoin network over the last 144 block. Source: Mempool, ONMINE
    • In this week’s 1008 block mining pool race, Foundry USA remains at the forefront, with a total reported hashrate of 239.52 EH/S, clinching 310 blocks. ANTPOOL continues to challenge, harvesting 181 blocks with 139.85 EH/S. F2Pool and ViaBTC are neck and neck in the hashrate hustle, grabbing 115 and 152 blocks, respectively. Luxor staying in the top ranks, with a hashrate of 16.23 EH/S and manages to secure 21 blocks over the last week. Source: Mempool, ONMINE.
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  • 🚨 Trump Returns to Office! Bitcoin skyrockets to $109K, officially the 7th largest global asset. 📜 Trump signs executive order banning CBDC creation, launches $500B AI boost, and positions the U.S. as the Global Leader in Crypto & AI. Trump appoints Uyeda as acting SEC chair; a new crypto task force is formed under Peirce, while Lummis leads a dedicated subcommittee. 🏦 SEC forms a crypto task force; states like Wyoming, Arizona, and Kansas propose Bitcoin reserves and pension investments in BTC ETFs. SEC revamps crypto rules, allowing banks to custody Bitcoin. 🌎 El Salvador buys 12 BTC; MicroStrategy adds 11,000 BTC; Thailand adopts Bitcoin payments in Phuket. 📈🌴 ⚡ Mining evolves: Bitcoin saves Texas $18B; Quantum Blockchain boosts efficiency 30%; Iris Energy raises $1B for expansion; Bitdeer to start production in Arizona; Phoenix group expands to Ethiopia; Petrobras to explore BTC mining; NYDIG doubles down on Coinmint amidst suit; RIOT put a pause on Corsicana Project; Canaan heavily exposes to Ethiopia. 🚀 DOGE government website goes live, Ross Ulbricht is pardoned, and $TRUMP & $MELANIA coins create a buzz. 📸 Explore mining pool rankings, treasury insights, and network health in just a swipe! 📢 Stay informed: https://lnkd.in/edEkHSXF 👉 Follow and share for the latest Bitcoin & Crypto updates! ❓ Got questions? Slide into our DMs!

    • Congrats Mr. President (Trump Orange-Pilled and Richer) But how does this affect Bitcoin, America and Americans?
🌤️ Release W4'25 | 880,636 | 🚨 Bitcoin Topples Saudi Aramco, AI & BTC Datacenters dream bigger as Trump Pardons Ulbricht and Declares a $500B Digital Revolution but still memeing?
    • For this week’s Hash & Cash Index, BTC price surges to $105,155 a 2.52% increase from last week. Market cap stays as above the $1T, settling at $ 1.944B (8.32% WoW). Hashprice sit at $60.81 USD/PH/day, a 2.01 % increase. The global hashrate increases by 0.17% to reach 789.81 EH/s. The current epoch’s difficulty is locked at 110.45 T. We’re at block 1663 of 2016 for this epoch. Block rewards decreases by 0.31%, settling at an average of 3.18 BTC per block. Fees in blocks settles to 1.63% showing an decrease of 19.31%. The average block time has increase to 10 minutes and 11 seconds. Source: Hashrate Index, Mempool, ONMINE.
    • This week’s Pool reward index settles to 99.01%, a decrease from last week 0.79% with 18 active pools chipping away 998 blocks. The total miner reward over the last 144 blocks contracted to 456.89 BTC down 0.51% from last week , the dollar valuation of this rewards significantly increases to $48M (2.19% WoW). Average block fees are equal to 0.0478BTC/block down 25.54% Wow and estimated to be $5,045 per block. Transaction fee per Network transaction equate to 1.88k sats per transaction, costing around $1.99 per transaction on the Bitcoin network over the last 144 block. Source: Mempool, ONMINE.
    • In this week’s 1008 block mining pool race, Foundry USA remains at the forefront, with a total reported hashrate of 246.58 EH/S, clinching 314 blocks. ANTPOOL continues to challenge, harvesting 183 blocks with 143.71 EH/S. F2Pool and ViaBTC are neck and neck in the hashrate hustle, grabbing 135 and 140 blocks, respectively. Luxor staying in the top ranks, with a hashrate of 14.14 EH/S and manages to secure 18 blocks over the last week. Source: Mempool, ONMINE.
    • Public Bitcoin mining companies accounted for over 35.26% of the Bitcoin Network’s hash rate by the end of 2024, up from 21% in 2023, driven by ASIC upgrades, data center expansions, and acquisitions. Leading 2024 growth were Iris Energy (+453.57%), CleanSpark (+262.04%), and Riot Platforms (+154.03%), with MARA, CLSK, and IREN surpassing their annual expansion targets.
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