24 Jun 2025, 16:15

Bitcoin Mining Profitability Records Almost 20% Spike: Report

According to a Jefferies report, Bitcoin (BTC) mining profitability reportedly recorded almost a 20% uptick. This surge coincided with a nearly equal spike in the price of flagship cryptocurrency Bitcoin and a modest gain in the network hashrate. BTC Price Increases as Gold Price Spikes On Monday, investment firm Jefferies published a research report detailing Bitcoin mining progress. BTC mining profitability rose by 18.2% in May while the network hashrate gained 3.5%. This hashrate is the collective computational power used to mine and process transactions on a Proof-of-Work (PoW) blockchain like Bitcoin. Apart from the increase in hashrate, which serves as a proxy for competition amongst miners, Bitcoin price registered some profits, spurred by the recent rally in gold price . For context, investors turned to inflation-protected assets with the spike in gold prices. According to Jonathan Petersen and Jan Aygul, analysts from Jeffries, this move was in anticipation of a ballooning fiscal deficit in the United States, amongst other countries. MARA Holdings and CleanSpark Leads US-listed Mining Companies Jeffries’ report also listed the volume of Bitcoin mined by US mining companies last month. All the US-listed mining facilities mined a total of 3,754 BTC. According to the report, this is a notable increase compared to April, when they only mined 3,278 BTC. On the other hand, miners in North America made up 26.3% of the total network in May, compared to 24.1% the previous month. Out of this group, MARA Holdings (MARA) mined 950 Bitcoin, marking a 35% increase from April. It has successfully raised its total reserves to 49,179 BTC. It was followed by CleanSpark (CLSK) at 694 mined Bitcoin. It is worth noting that MARA’s hashrate is still the largest at 58.3 exahashes per second (EH/s). Bitcoin Mining Difficulty Records Slight Decline Meanwhile, Bitcoin mining difficulty has recorded a slight decline following a record high. This outlook offers some relief to miners, especially those who are dealing with rising costs and reduced block rewards. In mid-June, CryptoQuant shared data showing that the mining difficulty stood at around 126.4 trillion. This was just below the All-Time High (ATH) of 126.9 trillion recorded on May 31. Mining difficulty adjusts every two weeks to ensure that new blocks are mined roughly every 10 minutes. This is regardless of how much computing power is in the network. Therefore, the new mining difficulty record is expected in a few days. The post Bitcoin Mining Profitability Records Almost 20% Spike: Report appeared first on TheCoinrise.com .

24 Jun 2025, 16:05

What Tariffs Will — and Won’t — Change for U.S. Bitcoin Miners

Will tariffs end the golden age of bitcoin mining in America? After China banned crypto in the summer of 2021, a huge chunk of the mining industry was forced to relocate — to Kazakhstan, Russia, Canada and other countries with cheap electricity. The biggest beneficiary of this exodus, however, was the United States, which over the last four years has overtaken every other country in the world in terms of hashrate (meaning that more bitcoin is produced in the U.S. than anywhere else). Yet President Donald Trump’s tariff policies, unveiled on April 2 but paused for the time being, threaten to increase the costs of ASICs , the extremely powerful computers used to produce bitcoin. Only a handful of companies know how to build these ASICs, and the majority of their manufacturing facilities are located in Southeast Asia, in nations that face roughly 10% to 50% tariffs. While the new taxes probably won’t make it prohibitively expensive for U.S.-based miners to import new machines, they will likely slow down the industry’s expansion in the country, multiple experts told CoinDesk. “The U.S. is still going to be the major source of hashrate globally for the foreseeable future, but its overarching dominance will likely erode as bitcoin mining becomes a much more global business,” said Taras Kulyk, CEO of bitcoin hardware firm Synteq Digital. “We're certainly going to see U.S. hashrate plateau in terms of relative growth,” he added. “Other countries are coming into the space in a big way. Pakistan just announced it will dedicate two gigawatts of power to bitcoin mining. There are all sorts of projects happening in Ethiopia and abroad. They will certainly take up quite a bit of hashrate capacity growth.” Tariffs are only a piece of a much larger puzzle. Other factors, such as the enormous demand for new data centers dedicated to artificial intelligence (AI) and the diminishing number of ideal U.S. locations for firms to set up mining facilities, are likely to have a larger impact on a miner’s calculations when it comes to choosing a jurisdiction in which to operate. U.S.-based operations are still, in the short-term, able to tap into a robust secondary market in order to acquire mining rigs without paying tariffs. In the long-term, ASIC manufacturers are taking steps to produce their machines on U.S. soil. The consensus seems to be that, far from destroying bitcoin mining in the U.S., tariffs are simply shaping up to be a new variable that the quick-moving, hyper-competitive industry has to contend with. Biting the bullet Tariffs mostly presented a challenge to miners in April because of how sudden and steep they were. Miners and logistics companies rushed to push ASIC shipments into the U.S. before the policy’s implementation in order to avoid paying substantial taxes — only for the White House to push the deadline back a few months. Now, however, mining firms have adapted to the idea that imported ASICs will cost at least 10% more than they used to. But there is uncertainty as to whether this is the new normal. The Trump administration is still in the midst of trade negotiations, and the court system has yet to provide a definite ruling on the lawfulness of its new policies. “It’s likely going to take a long time for us to have a definitive answer on what tariffs will look like — at least until the Supreme Court weighs in,” Lauren Lin, head of hardware at bitcoin hardware firm Luxor Technology, told CoinDesk in an interview. “We expect it to take a few months, even over a year.” In the meantime, Luxor (which also runs a freight-forwarding business) isn’t seeing any signs of panic among its clients, though there has been an uptick in questions on how to prepare for Washington’s policy changes, according to Lin. Nor is the ASIC secondary market (where U.S.-based firms can acquire pre-owned, cheaper machines) slowing down, she said. In other words, miners are plodding along. But there are new difficulties, like the fact that tariffs also impact imported electrical hardware. Transformers, for example, are mostly manufactured overseas and were already difficult to obtain before April. Tariffs have only worsened the situation. This has been a bigger source of frustration for miners than tariffs on ASICs, according to an individual who works for a crypto trade organization. Overall, the White House’s initial tariffs on Southeast Asian nations should only be seen as a starting point for a policy that will likely evolve over time, Jeff LaBerge, head of capital markets and strategic initiatives at bitcoin miner Bitdeer, told CoinDesk in an interview. “We're pretty optimistic that there'll be a reasonable outcome at the end of this,” he said. Made in America The $30 billion ASIC market is dominated by Bitmain, a Chinese firm whose machines power roughly 80% of Bitcoin’s hashrate , according to TheMinerMag. Its competitors include MicroBT, Canaan and Bitdeer. These companies manufacture the vast majority of their ASICs in Malaysia, Thailand and China, though MicroBT already has at least one facility in Pennsylvania, and Bitmain announced in December that it was launching a new production line in the United States. Canaan has also completed a U.S. trial run, meaning that it now has the capacity to build ASICs in the country if it chooses to. The Trump administration’s tariffs are accomplishing one of their stated objectives (to boost U.S. industry) in that they’re incentivizing these ASIC manufacturers to scale up their operations in the country. Canaan told CoinDesk that, while production in the U.S. is costly, it brings the advantages of being geographically closer to their customers and of reducing supply chain risks. The firm said that it is currently exploring the possibility of partnering with existing U.S.-based manufacturers for its own purposes. MicroBT is also looking into ways to avoid tariffs by ramping up U.S. production. Bitdeer, a new but technologically advanced player in the ASIC scene , is looking at the situation as an opportunity to seize market share from the incumbents. “We'd like to migrate as much as we can to the U.S.,” LaBerge said. “It will take some time to ramp that up.” “Being a manufacturer and a miner gives us tremendous optionality, because we'll always have a home for the rigs that we produce, whether it's in our own data centers or with a third party,” he added. Bitdeer has mining operations in Texas and Ohio, among other locations. The heavyweight, Bitmain, has not communicated new plans to ramp up U.S. production since tariffs were announced in April. But the company will likely want to demonstrate that it’s building in the U.S. in accordance with the Trump administration’s goals, Synteq’s Kulyk said. Bitmain did not respond to a request for comment. In any case, the consensus seems to be that expanding production capacity in the U.S. will be a slow and costly process. “Whether we scale our machine manufacturing in the U.S. depends on our ability to cut costs as well as demand from our U.S. customers. If demand from U.S. customers is low, manufacturing here doesn't make sense,” Canaan told CoinDesk. “In addition, if tariffs on products from Southeast Asia [end up being] low, then we don't necessarily need to build up our manufacturing capabilities in the United States.” The end of a golden age? So miners are quickly adapting to the new reality of tariffs, and ASIC manufacturers look ready to ramp up local production. Nevertheless, Bitcoin’s U.S.-based hashrate ( currently worth over 40% of global hashrate ) is unlikely to keep growing as fast as it has in the last four years. For one thing, tariffs do have an impact. Bitcoin mining is a highly competitive industry, and companies are always looking for ways to cut costs. If the choice is between opening a new mining facility in Texas or in Ontario, tariffs may swing the decision in favour of the latter. More important, however, is the fact that it’s getting harder to find new U.S. locations that meet the necessary requirements for spinning up new bitcoin mining operations. “Most of the low-hanging fruit has been picked in the U.S.,” LaBerge said. Not to mention that competition has become more intense. Data centers dedicated to high-performance computing (HPC) are popping up all over the country in order to scale AI capabilities, and the industry’s major players — Microsoft, Meta, Google — are deep-pocketed. If a site is suitable for both mining and HPC, the miners are unlikely to win a bidding war. Nor would they necessarily want to. HPC data centers are more complex and capital intensive to build , but they also bring in much higher profits; this has led a number of bitcoin mining firms to diversify into AI. “HPC chasing electrons is the main theme for the next two to 10 years,” Kulyk told CoinDesk. “Bitcoin miners most certainly have targets on their backs for acquisition and consolidation in the space… As a sector, they will likely get eaten or absorbed into overall digital compute.” This phenomenon is likely to stay contained to the U.S. because of the technical sophistication required to build and run HPC centers. Political considerations also play a big part, considering the ongoing AI arms race between the U.S. and China. In other words, bitcoin miners outside of the U.S. won’t be impacted by the rapid growth of the HPC industry the same way. For U.S.-based miners, the path forward may no longer be expanding in terms of megawatts, but in terms of efficiency, according to LaBerge. “If you look at the global hashrate right now… the majority of rigs have an efficiency of 30 joules per terahash (J/TH) or higher,” he said. For comparison, Bitmain and Bitdeer’s latest generation machines are closer to 10 J/TH in efficiency. “In today’s economics, that’s marginally profitable at best.” “All of those rigs need to be refreshed,” he continued. “We see this as a $4-6 billion a year addressable market for the next three to five years.” CORRECTION (June 24, 2025, 16:30 UTC): Canaan isn't looking into building its own U.S.-based manufacturing facilities, as previously stated by the article, but is mulling the idea of partnering with existing U.S. manufacturers.

24 Jun 2025, 15:42

Is XRP A Good Investment? Crypto Insiders Now Point to Bitcoin Solaris as the Ultimate Wealth Vehicle

For years, XRP has stood as a staple in crypto portfolios. Its association with Ripple Labs and its institutional focus gave it a unique positioning in the market. But in 2025, the conversation is shifting. Crypto insiders, influencers, and developers are now turning their attention to Bitcoin Solaris. Why? Because what XRP once represented—low-cost, scalable finance—BTC-S is now executing with stronger technology, deeper decentralization, and actual wealth creation potential. In the race toward the next wave of generational crypto wealth, Bitcoin Solaris is no longer an alternative. It’s becoming the main path forward. XRP’s Legacy and Its Limit There’s no denying XRP played a significant role in bringing blockchain to financial institutions. Its speed and cost-efficiency were ahead of their time. But today, innovation moves faster than regulation. XRP is still navigating legal turbulence and battling for utility adoption outside centralized banking. Meanwhile, the crypto world is evolving in a direction that values openness, mobility, and grassroots scalability—precisely where Bitcoin Solaris thrives. XRP is still a good investment to some. It has stability and a loyal base. But investors seeking serious upside in today’s cycle are watching something else rise. Meet the Ultimate Wealth Vehicle: Bitcoin Solaris Bitcoin Solaris was engineered for long-term dominance. It’s not a meme, nor is it another clone with a flashy name. It is a dual-layer blockchain built for real scalability, user-first accessibility, and mobile-first wealth generation. And most importantly, it’s working. • A hybrid architecture merges Proof-of-Work with Delegated Proof-of-Stake for unmatched security and speed • The testnet already delivered 10,000 transactions per second with just two seconds of finality • Its energy usage is 99.95% lower than traditional mining chains • Smart contract compatibility ensures Bitcoin Solaris isn’t just fast, but also programmable for real-world value And through the exciting release of the upcoming Solaris Nova App, mining is entering the pocket of the average user. No rigs, no rent, no tech stress. Just open the app and start mining directly from your phone, or check your projected earnings using the BTC-S mining calculator . It’s wealth generation without barriers. A Blockchain Designed for You, Not Institutions Discover BTC-S Technical Advantages That Are Turning Heads Beyond marketing buzz, Bitcoin Solaris is rooted in forward-thinking development. Here’s what makes it stand apart: • Validator rotation every 4 hours keeping the network fair and tamper-proof • Dual-layer design separates heavy lifting and validation, reducing congestion • Smart contract deployment supports DeFi, gaming, enterprise, and real-world integration • Cross-chain bridge development is underway, ensuring seamless asset movement • Energy-efficient algorithms support consistent mobile mining without draining devices • A dedicated Power Marketplace is being built, allowing users to trade mining capacity through smart contracts And let’s not ignore the audit stamps that confirm all this is real. The code has passed security checks from both Cyberscope and Freshcoins , and the buzz across Telegram and X is growing daily. Even top influencers like Crypto Vlog are covering its rise in detailed breakdowns, highlighting why this isn’t just another coin—it’s a new class of digital asset. This Presale Is Setting Records The Bitcoin Solaris presale is approaching its final stretch. Less than six weeks remain. With a current price of $9 and a confirmed launch price of $20, the potential 150% return is more than speculation. It’s engineered into the structure. Over 12,300+ users have already joined, pushing the presale total past 5 million dollars and counting. This isn’t just hype. It’s math. This may be the shortest presale in crypto history to gain this level of adoption, and it’s still accelerating. Join now through Bitcoin Solaris to avoid watching another opportunity slip away. And yes, one of those crucial Bitcoin Solaris links belongs right here—because that’s where the future is being minted. The 2025 Roadmap Changes Everything Bitcoin Solaris isn’t stopping at fast TPS or flashy apps. Its 2025 roadmap includes: • A full mainnet release with the Solaris Layer fully functional • Live developer access to smart contract environments • Wallet security upgrades for both mobile and desktop • Public launch of the Solaris Power Marketplace for mining rentals • Expansion of cross-chain bridges and utility partners These aren’t whitepaper dreams. Development is active, timelines are public, and the dev community is already contributing. Final Verdict XRP helped define what blockchain could do. Bitcoin Solaris is defining what it must do next. As crypto insiders pivot their attention, BTC-S is positioning itself not just as a contender, but as the ultimate wealth-building vehicle for this cycle. Mobile mining, real scalability, and a rapidly growing ecosystem make this more than just a presale opportunity. It’s the new standard. For more information on Bitcoin Solaris: Website: https://www.bitcoinsolaris.com/ Telegram: https://t.me/Bitcoinsolaris X: https://x.com/BitcoinSolaris

24 Jun 2025, 15:15

Ethereum may soon operate at double its current speed

Ethereum may soon operate at double its current speed, following a proposal by core developer Barnabé Monnot to cut the network’s slot time in half, from 12 seconds to 6 seconds. The Ethereum Improvement Proposal (EIP) 7782 proposal could be introduced in the upcoming “Glamsterdam” upgrade, scheduled for 2026. According to a June 20 Ethereum Magicians article written by Monnot, if the slot time change is implemented, it could reduce the time the Ethereum blockchain takes to finalize transactions and add new blocks to the mainnet. This will improve the blockchain’s performance and usability for decentralized apps (dApps), wallets, and defi protocols. Halving slot time to boost confirmation speeds Ethereum currently operates on a 12-second slot cycle. Under the proposed change, this would be reduced to just 6 seconds, doubling the number of blocks produced per minute. Monnot claims this acceleration could improve user experience by delivering fresher data and faster confirmations , with clear advantages for defi, such as smaller arbitrage windows, reduced trading fees, and increased liquidity. “ For proof markets, the work can be heavily parallelised, so a single logical prover could be obtaining subproofs from many other provers. Still, reducing the slot time means offering more opportunities per unit of time to compete for the right to provide the proof of a block ,” he wrote. The proposed network adjustment breaks the 6-second slot into three smaller sub-processes: 3 seconds for block proposals, 1.5 seconds for attestations, and 1.5 seconds for aggregation. It would preserve the total slot functionality while increasing throughput at the protocol layer. The Ether developer reiterated that the change would not affect the total issuance to validators. Instead, stakers would receive smaller but more frequent rewards due to a lower reward variance and reduced incentives for staking pools. He added that it will favor solo stakers or home operators struggling with unpredictable returns in the current system. Trade-offs and technical bumps Monnot mentioned that shorter slot times will force developers to implement conditional logic within Ethereum clients and related infrastructure for backward compatibility. Since the network has run on 12-second slot times since its transition to Proof-of-Stake, it must replay older blocks with consistent timing. Some may need to shift from tracking in seconds to milliseconds, as was done on the Gnosis chain. “ Some clients begin constructing blocks right at the start of a slot. With only three seconds for the proposal phase, any latency could eat into production time ,” he explained. Still, Monnot noted that the relative share of block production time within a slot actually increases, from 4 out of 12 seconds currently, to 3 out of 6 seconds under the new model. Scaling versus speed and preconfirmations Ethereum’s development community is debating the merits of increasing Layer 1 throughput against optimizing finality speeds. Monnot admitted that shorter slots do not scale gas throughput directly but can improve the responsiveness of the chain. He also cited evidence of users’ preference for faster confirmations over more scalable block sizes. Preconfirmation mechanisms, solutions of a faster provisional confirmation outside the core protocol, are an option, but Monnot claimed developers prefer in-protocol changes like EIP-7782. One of the more complex tasks in executing the proposal involves updating client software and infrastructure tools like block explorers. These tools must accommodate both the old 12-second and the new 6-second slot durations. Developers will need to ensure that clients apply the correct logic depending on whether they’re processing historical or new blocks. At the time of publication, full scoping for these changes had not been completed. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

24 Jun 2025, 14:10

Vinanz’s Strategic Growth: UK Crypto Mining Firm Achieves Significant Bitcoin Accumulation

BitcoinWorld Vinanz’s Strategic Growth: UK Crypto Mining Firm Achieves Significant Bitcoin Accumulation In a bold move signaling robust confidence in the digital asset landscape, Vinanz, a prominent UK-listed crypto mining firm, recently announced a substantial increase in its Bitcoin (BTC) treasury. This development highlights a growing trend among industry players to strengthen their balance sheets with the leading cryptocurrency. What is Vinanz’s Latest Bitcoin Accumulation Strategy? Vinanz , known for its operations within the burgeoning digital asset space, made waves with its recent announcement on X (formerly Twitter). The firm revealed it has added an impressive 37.72 more Bitcoin to its holdings. This significant acquisition brings their total treasury to a formidable 58.68 BTC, showcasing a clear commitment to their ongoing BTC accumulation strategy. For many, this isn’t just a simple transaction; it’s a strategic maneuver. By consistently adding Bitcoin to their treasury, Vinanz is effectively: Hedging Against Inflation: Bitcoin is often seen as a hedge against traditional fiat currency inflation, providing a store of value. Long-Term Value Proposition: The firm likely believes in Bitcoin’s long-term appreciation potential, making it a valuable asset for future growth. Operational Stability: Holding a significant amount of BTC can provide a strong financial backbone, offering flexibility and resilience against market fluctuations. Industry Leadership: By publicly committing to BTC accumulation, Vinanz reinforces its position as a serious player in the crypto ecosystem. Why is BTC Accumulation a Key Trend for Crypto Mining Firms? The decision by Vinanz to boost its Bitcoin holdings isn’t isolated. Many crypto mining companies globally are adopting similar strategies. This approach stems from several compelling factors: Direct Exposure to Asset Appreciation: Miners earn BTC directly from their operations. By holding onto a portion of their mined Bitcoin rather than immediately selling it, they gain direct exposure to any future price increases. Enhanced Balance Sheet Strength: A robust Bitcoin treasury can significantly enhance a company’s balance sheet, making it more attractive to investors and potentially easing access to capital markets. Operational Flexibility: Holding BTC provides liquidity that can be deployed for various purposes, such as funding expansion, covering operational costs during market downturns, or even investing in new technologies. Market Confidence Signal: When a mining firm, which intimately understands the economics and technology behind Bitcoin, chooses to accumulate it, it sends a strong signal of confidence to the broader market. This strategy aligns with a broader industry trend where companies are increasingly viewing Bitcoin not just as a currency to be sold for operational expenses, but as a core treasury asset. What Does This Mean for the UK Crypto Landscape? The actions of firms like Vinanz have a significant ripple effect, particularly within the UK Crypto scene. As a UK-listed entity, Vinanz’s strategic moves contribute to the growing legitimacy and institutional acceptance of cryptocurrencies within the United Kingdom. This is crucial for several reasons: Regulatory Confidence: As more regulated, publicly listed companies engage with crypto assets, it can foster greater confidence among regulators, potentially leading to more favorable and clear regulatory frameworks. Investor Interest: Such announcements can pique the interest of traditional investors who might be hesitant to enter the crypto market directly but are comfortable investing in a publicly traded company with crypto exposure. Innovation Hub: The UK aims to be a global hub for crypto innovation. Companies demonstrating strong, transparent strategies involving digital assets contribute directly to this goal, attracting talent and investment. Economic Contribution: Successful crypto mining and accumulation strategies can contribute to the national economy through job creation, technological advancement, and tax revenues. The UK has been navigating its stance on crypto, balancing innovation with consumer protection. Vinanz’s actions demonstrate that robust, legitimate crypto operations are thriving within this environment, potentially influencing future policy decisions positively. How Does Vinanz’s Strategy Compare to Other Major Players in Crypto Mining? While Vinanz ‘s recent BTC accumulation is notable, it’s part of a larger narrative unfolding across the global crypto mining industry. Many of the largest publicly traded miners, especially those in North America, have also adopted aggressive Bitcoin holding strategies. For instance: Company Primary Strategy Impact Marathon Digital Hold significant portion of mined BTC Large BTC treasury, high market cap volatility Riot Platforms Strategic BTC sales balanced with accumulation Flexibility in operations, strong balance sheet CleanSpark Aggressive BTC holding, rapid expansion Growing BTC reserves, significant operational scale Vinanz Consistent BTC accumulation, UK focus Building a strong UK-based crypto asset base While the scale of operations may differ, the underlying principle of leveraging mined Bitcoin for long-term value creation remains consistent. This collective strategy underscores a bullish outlook from those most intimately involved in the Bitcoin network’s security and issuance. What are the Challenges and Opportunities in this Strategic Bitcoin Play? While the decision by Vinanz to significantly increase its Bitcoin holdings presents clear advantages, it also comes with inherent challenges and opportunities that define the landscape of crypto mining and asset management: Challenges: Market Volatility: Bitcoin’s price can be highly volatile. A sudden downturn could significantly impact the value of the firm’s treasury, affecting its balance sheet and investor sentiment. Operational Costs: Mining operations require substantial capital expenditure and ongoing energy costs. Balancing BTC accumulation with the need to cover these expenses can be a delicate act. Regulatory Uncertainty: While the UK is exploring crypto regulation, future policy changes could impact the legality or taxation of holding large crypto treasuries. Security Risks: Holding large amounts of Bitcoin necessitates robust security measures to protect against hacks or theft. Opportunities: Significant Upside Potential: If Bitcoin’s price continues its upward trajectory, the accumulated BTC could yield substantial returns, far outweighing traditional investment options. Enhanced Investor Confidence: A strong BTC treasury can signal financial stability and a long-term vision, attracting more institutional and retail investors. Flexibility for Future Growth: The accumulated Bitcoin can serve as collateral for loans, be used for strategic acquisitions, or fund further expansion into new mining ventures or other crypto-related services. Pioneering Position: By being an early and aggressive accumulator among UK-listed firms, Vinanz can solidify its pioneering position in the evolving digital economy. Navigating these aspects requires astute financial management and a deep understanding of both the cryptocurrency market and traditional corporate finance. Conclusion: Vinanz’s Bold Step in the UK Crypto Landscape Vinanz ‘s latest announcement of adding 37.72 more Bitcoin to its treasury, bringing its total to 58.68 BTC, is more than just a routine update; it’s a powerful statement of confidence in the long-term value of the world’s leading cryptocurrency. This strategic BTC accumulation by a UK Crypto mining firm underscores a broader industry trend where miners are evolving from mere sellers of their output to strategic holders of a key digital asset. As the crypto mining industry continues to mature, firms like Vinanz are demonstrating a sophisticated approach to treasury management, leveraging their unique position to build substantial Bitcoin reserves. This move not only strengthens Vinanz’s financial standing but also contributes to the overall legitimization and growth of the digital asset economy within the United Kingdom. It signals a future where digital assets play an increasingly central role in corporate balance sheets, driven by a vision of sustained growth and value creation. To learn more about the latest Bitcoin trends and crypto mining developments, explore our article on key developments shaping Bitcoin institutional adoption and market dynamics. This post Vinanz’s Strategic Growth: UK Crypto Mining Firm Achieves Significant Bitcoin Accumulation first appeared on BitcoinWorld and is written by Editorial Team

24 Jun 2025, 13:15

Bitcoinn set for biggest mining difficulty drop since 2021 as hashrate collapses

Bitcoin’s mining network could face a difficulty adjustment on the lower side for the first time in nearly four years. The difficulty could go down 9% within the next five days, which would be the steepest since July 2021, when China’s ban on mining operations caused a 50% collapse in global hashrate. Over the past two weeks, the total computational power securing the Bitcoin blockchain has dropped by nearly 30%, according to data from Mempool.space. Glassnode metrics show that the network’s hashrate now stands just below 700 exahashes per second (EH/s), compared to a recent high of around 1,000 EH/s. Bitcoin miners today almost solely rely on ASICs (application-specific integrated circuits) hardware. In earlier times of the network’s history, CPUs and GPUs were enough to mine coins. Profitability now requires custom-built machines consuming significant power, over 7,000 watts, and operating on 220-volt systems with high amperage. The Bitcoin protocol recalibrates its mining difficulty every 2,016 blocks to maintain a block production rate of approximately 10 minutes. When fewer machines compete for block rewards, the network responds by lowering the difficulty to compensate. This time, the reaction is expected to be more pronounced. Profitability metrics spell mining stress Data from CryptoQuant contributor IT Tech shows that Bitcoin miners are now “extremely underpaid.” Per the analyst, the market is in a phase of forced selloffs from mining operations to stay afloat. In recent weeks, the sustainability metric has dropped deep into negative territory, with an uptick in selling power, meaning miners are leaning towards letting go of their holdings and away from mining. Miners were fairly compensated during periods when Bitcoin traded in the $90,000–$105,000 range between March and May. Yet, since early June, the profitability is almost entirely eroded. CryptoQuant’s Bitcoin: Miner Selling Power (log-scaled) chart reveals a downturn in the selling strength of miners. The metric, which accounts for how much Bitcoin miners are capable of offloading into the market, has hit a new low. Bitcoin Miner Selling Power Chart. Source: Cryptoquant As of June 24, difficulty and hashrate values, a single miner operating at 390 TH/s and consuming 7,215 watts of power at $0.05/kWh would generate a mere $11.76 per day in profit. It would now take 5,156 days, more than 14 years, to mine a single Bitcoin under these conditions. Mining power slides as geopolitical differences bite On June 22, the United States launched targeted airstrikes against Iranian nuclear facilities. While not confirmed officially, it is believed that power stations may have been impacted. Iran legalized Bitcoin mining in 2019 and built up a sizable network using subsidized electricity from fossil fuels and nuclear plants. At its peak, Iran accounted for approximately 4.5% of the global Bitcoin hashrate. The figure now stands closer to 3.1%. Following the US strikes, there have been several reports of blackouts and digital network disruptions from both Iran and neighboring Israel. The outages could have affected mining facilities, either damaging or forcing them to shut down due to power loss. Some analysts observed a sharp decline in Bitcoin’s hashrate earlier this week, with the network’s computational power dropping by 8% between Sunday and Thursday. The hashrate reportedly fell from 943.6 million terahashes per second (TH/s) to 865.1 million TH/s. The market has so far rebounded against the backdrop of US President Donald Trump’s announcement of a “total ceasefire” agreement between Iran and Israel. Word from Trump seemingly helped restore investor confidence, pushing Bitcoin back up above the $106,000 level on Monday. At the time of this report, the largest coin by market cap is changing hands around $105,300. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites