Blockstream’s BASIC note is a bitcoin-denominated investment vehicle to accrue gains from the price of ASIC mining equipment, which Blockstream anticipates will rise post-halving.
Strong miners might be about to eat the weak ones as the reward for mining BTC gets cut in half, experts say.
The Bitcoin hashrate has been climbing steadily all year, and Antpool has edged ahead of Foundry while stockpiling bitcoin.
After a blockchain sleuth reported that the Bitcoin mining pool may have censored a transaction from an address blacklisted by U.S. authorities, critics responded, and so did the project’s co-founder.
On Monday, a few hours before the Celsius announcement, CoinDesk reported that the SEC wanted more information about the assets of the former crypto lender.
The bitcoin mining services firm had previously shipped over $245 million worth of equipment to more than 30 countries.
Dozens of mining firms came to Washington to steer the policy narrative away from negative environmental claims and make a case for mining as an economic and security boon.
The reward for mining new BTC will be cut in half soon, making it hard for less-efficient operators to survive.
The firm is looking for a “reliable income stream … that is uncorrelated to bitcoin prices.”
The state’s Environmental Resources and Energy Committee accepted the amended bill on Monday by a slim margin.