Bitcoin Mining Profitability Nears Record Low, Poses Challenges for Miners and Industry
The Future of Bitcoin Mining
New data has surfaced, indicating that Bitcoin (BTC) mining profitability is nearing record lows. This comes as a significant challenge for those securing the network, especially smaller miners who may struggle to remain viable in an increasingly competitive industry that requires high capital investments.
Following the recent halving event on April 20, which traditionally boosts the cryptocurrency’s value but this time failed to counteract bearish pressures from global economic uncertainties, hashprice values plummeted perilously close to their all-time low. The “hashprice,” coined by Luxor Technologies, refers to the revenue a miner earns daily for each petahash of computing power.
The decline in mining profitability also signals tough times ahead for smaller mining operations. According to Bloomberg, larger companies like Marathon Digital Holdings Inc. and Riot Platforms Inc. have proactively invested in extensive mining infrastructure and advanced equipment to withstand this profitability crunch.
Understanding Bitcoin Hashprice Dynamics
The BItocin hash price spiked to $139 immediately following the halving due to increased transaction fees related to Rune protocol activities on Bitcoin’s blockchain. However, as these fees normalized and mining dif
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Bitcoin Mining Profitability Nears Record Low, Poses Challenges for Miners and Industry
Inflation “stung” to 3.4% in March – Above the European average
It was set at 3.4% in March 2024 inflation in Greece according to the data released on Wednesday by the Eurostat, down 2 percentage points from March 2023 inflation (5.4%) but up 0.3 p.p. compared to the previous month, February 2024 which had closed at 3.1%.
Inflation at the eurozone level was 2.4%, almost three times lower than a year ago, when it stood at 6.9%. On a monthly basis, it also recorded a decline as in Febru
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Inflation “stung” to 3.4% in March – Above the European average
all fake. So they deceived me.”
#fake #deceived
Caught at three-and-sixty, he lost three-and-fifty. Money, cash, 350 euros. Roberto M., 85 years old, had just left the Milanese branch of Crédit Agricole in Viale Giovanni da Cermenate, perhaps “baptised” at that very moment by the fraudster-spy who imagined him fresh from a withdrawal, the ideal victim who had in the meantime returned to the own Toyota C-Hr. From here, a sophisticated plot started last March, with the con man tailing him in a blue Fiat Panda, ready to strike. And in fact “boom”, Roberto hears a noise, “like a bump on the bodywork as I turned into via Pezzotti, but I didn’t think I had hit another car, so I continued to the newsagent to buy the newspaper”. The stranger immediately joins him, gesticulates, shouts, accuses him of having rear-ended him, shows him the rear part of the Panda: “Which is actually damaged…”. He already was. And that noise? “I think he rolled down the window and punched my side, which was higher.”
The script of the fake accident is well thought out and also acted out by accomplices, because the devil is
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LIVESTOCK SHOW – A boost to promising sectors
| Attendance is always there at each edition of Fepa. |
The second day of the Livestock and Animal Production Fair (Fepa) saw considerable attendance. The main objective was to highlight promising sectors in the livestock sector.
This is an advantageous opportunity for small and medium-sized businesses as well as producer associations. Various booming sectors are attracting keen interest from individuals and budding entrepreneurs.
The second day of the Livestock and Animal Production Fair recorded a large turnout at various stands, highlighting “trendy” sectors of activity in the livestock sector. This is precisely the objective of this fair, which is in its 16th edition.
Fepa org
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574 million dirhams, RAKNB Bank’s net profit for the first quarter, an increase of 27.5%
RAKBANK achieved a record quarterly net profit after tax in the first quarter of the year of Dh574.2 million, a growth of 27.5% (and an increase of 39.7% on a pre-tax basis).
This was driven by continued momentum on both sides of the balance sheet and net interest margin reached AED 879.5 million, an increase of 11.5% year-on-year, supported by strong fee income of 294.9 million AED, an increase of 9.6% year-on-year. on-year.
Raheel Ahmed, CEO of the group, said: I would like to begin my message by offering sincere thanks to our wise leadership in the Emirates and praising the efforts made by those concerned, be it the police, first responders, ambulances, security civil municipal teams or cleaners and others who worked tirelessly to ensure basic services again and provide rescue and relief services to residents and tourists during the unprecedented weather depression that hit the country.
He highlighted that the strategic transformation phase the bank is witnessing is progressing well, as we are making great strides towards transforming into a digital bank with a human touch. Based on the diversification strategy we adopt at the bank, loans and advances to businesses have crossed the ten billion UAE dirham mark. Our institutional and corporate banking services now represent 28% of our revenue and 40% of our pre-tax income. Additionally, the Bank’s fee income grew 9.6% year over year, further diversifying our revenue sources.
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574 million dirhams, RAKNB Bank’s net profit for the first quarter, an increase of 27.5%
Gap Investments in Rising Apartment Rental Markets: A Trend in Southern Metropolitan Areas and Chungcheong Province
Photo = Yonhap News As apartment rental prices across the country remain strong this year, ‘gap investment’ (an investment method of buying a house with a deposit) is on the rise in the southern metropolitan area and Chungcheong Province, including Hwaseong and Suwon in Gyeonggi province and Cheonan in South Chungcheong province. It is interpreted that expectations for favorable development factors such as the Seoul Metropolitan Rapid Transit (GTX) and the creation of a semiconductor cluster are reflected. In Seoul, where the difference between the selling price and the price of jeonse amounts to hundreds of millions of earnings, the share of gap investments has actually decreased even though jeonse prices have continued to rise for 49 weeks. There are also comments in the industry that it will be difficult for the demand for jeonse-related investments to continue as there are many variables such as delays in cutting interest rates and more policy uncertainty such as facilitating the work of rebuilding.
◆ Good news GTX… Active sales including leases in Hwaseong and Suwon
According to Asil, a real estate big data company, on the 28th, the area with the most gap investments over the past three months was Hwaseong, Gyeonggi Province (52 cases). This was followed by Gimhae, Gyeongnam (38 cases), Yeongtong-gu, Suwon, Gyeonggi Province (36 cases), Seobuk-gu, Cheonan, South Chungch
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Industrial production rebounded and improved, and profits of industrial enterprises above designated size continued to grow in the first quarter–Economy·Technology–People’s Daily Online
Industrial Profits in China Show Growth in First Quarter
According to data released by the National Bureau of Statistics, industrial enterprises above designated size in China achieved a total profit of 1.50553 billion yuan in the first quarter of this year, marking a year-on-year increase of 4.3%.
Yu Weining, a statistician at the Industrial Department of the National Bureau of Statistics, attributed this growth to the implementation of macro-combination policies and the gradual improvement in market demand. He highlighted t
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Horlicks is no longer a ‘health drink’, what happened suddenly?
– 2024-04-27 07:44:14
2024-04-27 07:44:14
New Delhi: Hindustan Unilever (HUL) has rebranded its ‘health drinks’ category. HUL’s product range includes many brands like Horlicks and Boost. The company has changed the name of its ‘Health Food Drinks’ category to ‘Functional Nutritional Drinks’ (FND). In this way the label of ‘Health’ has been removed from Horlicks. Earlier, the Ministry of Commerce and Industry had issued instructions to e-commerce platforms. In this, it was asked to remove beverages from the ‘health drinks’ ca
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Horlicks is no longer a ‘health drink’, what happened suddenly? – 2024-04-27 07:44:14
TotalEnergies CEO Predicts Continued Demand for Oil Amid Climate Concerns
climate
Patrick Pouyanné. – © epa-efe
In 2040, the world will still consume more than 100 million barrels of oil, according to Patrick Pouyanné, CEO of TotalEnergies. Policymakers need to work on adaptation to a warmer climate.
Patrick Pouyanné, CEO of TotalEnergies, has a business and pragmatic view of the world. If his company, one of the world’s largest producers of oil and natural gas, is increasing investments in renewable energy, it is primarily for financial reasons. The energy transition will only make energy more expensive, so renewable energy will become more and more profitable.
But that does not prevent TotalEnergies from continuing to invest fully in new oil and gas fields, especially in Africa. Pouyanné aims for an annual increase in oil and gas production of 2 to 3 percent by 2030. Because that is the main reason why people buy shares in TotalEnergies, he believes. Pouyanné predicts that the world will still be burning more than a hundred million barrels of crude oil per day by 2040. And so we better start preparing and adapting to a warmer climate, said the CEO in an interview with the Financial News Agency Bloomberg.
Modification or discount
According to Pouyanné, it will take time to build a clean, global energy system that meets the demands of the world’s growing population. So policymakers need to show the necessary realism. “That doesn’t mean they have to giv
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TotalEnergies CEO Predicts Continued Demand for Oil Amid Climate Concerns
German building materials are fleeing the Russian Federation in all directions (VIDEO)
Construction materials manufacturer Knauf ceases operations in the Russian Federation. The company did not name the reasons for leaving the Russian market, indicating only that this was happening against the backdrop of “current events.” The company said in a statement that it had decided to transfer the entire business, including raw material extraction, production and sales, to local management in order to preserve the jobs of more than 4,000 employees. Russian authorities have yet to approve it.
The world-famous family concern confirmed that “the Knauf group, against the backdrop of current events, has decided, after more than 30 years in Russia, to part with its business there.”
“For us, this is not about money, but about our
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German building materials are fleeing the Russian Federation in all directions (VIDEO)