Independent Research, Bitcoin Analysis, Luxor Mining

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Independent Research, Bitcoin Analysis

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Crypto

Virtual currencies are decentralized, math-based digital assets in which transactions can be performed cryptographically without the need for a central issuing authority. The first specification and proof of concept of Bitcoin, the first widely used virtual currency, was published in 2009 based on a paper published pseudonymously by Satoshi Nakamoto.

<ul>
<li>December is here, and the red-hot price action we saw at the beginning of November has been put on ice.</li>
<li>Hashprice, rig prices, mining stocks are all taking a stiff beating in response to the price action.</li>
<li>Bitcoin’s <a href="https://www.hashrateindex.com/coins/bitcoin" target="_blank" rel="noopener">hashprice</a> has fallen below $0.30/TH/day for the first time in two and a half months.</li>
</ul>


December is here, and the red-hot price action we saw at the beginning of November has been put on ice.
Hashprice, rig prices, mining stocks are all taking a stiff beating in response to the price action.
Bitcoin’s hashprice has fallen below $0.30/TH/day for the first time in two and a half months.


<ul>
<li>As is tradition, Bitcoin went into freefall on Thanksgiving, falling from $59,000 in the late hours of the US feasting holiday</li>
<li>Bitcoin is always tanking on Turkey Day, it seems, just in time for your family to check the price after you talked their ears off about it over a plate overflowing with stuffing, gravy, and sweet potato casserole.</li>
<li>It was a relatively quiet week on the Bitcoin mining news front with the exception of Chinese officials launching a new campaign in their fight against China’s bitcoin mining remnant.</li>
</ul>


As is tradition, Bitcoin went into freefall on Thanksgiving, falling from $59,000 in the late hours of the US feasting holiday
Bitcoin is always tanking on Turkey Day, it seems, just in time for your family to check the price after you talked their ears off about it over a plate overflowing with stuffing, gravy, and sweet potato casserole.
It was a relatively quiet week on the Bitcoin mining news front with the exception of Chinese officials launching a new campaign in their fight against China’s bitcoin mining remnant.


<ul><li>Moonvember has been put on hold. As you likely well know, Bitcoin faced a massive sell-off last week, tumbling from $66,000 to $56,000 in a matter of days.</li><li>Adopting Bitcoin and the Latin American Bitcoin Conference, came to El Salvador and drummed up a week’s worth of activities</li><li>The succession of upward adjustments we’ve been experiencing and Bitcoin’s choppy price action has created something of a Sisyphean cycle</li></ul>

Moonvember has been put on hold. As you likely well know, Bitcoin faced a massive sell-off last week, tumbling from $66,000 to $56,000 in a matter of days.Adopting Bitcoin and the Latin American Bitcoin Conference, came to El Salvador and drummed up a week’s worth of activitiesThe succession of upward adjustments we’ve been experiencing and Bitcoin’s choppy price action has created something of a Sisyphean cycle

<p>It finally happened. Taproot , a Bitcoin soft-fork that has been in the works for years, went live at block 709,632. The first Bitcoin soft fork since Segwit in 2016, Taproot outfits Bitcoin with a new signature scheme, Schnorr signatures, as well as a new scripting language, Tapscript, both of which will give a boost to Bitcoin’s smart contract capabilities, improve on-chain privacy, and provide scaling benefits.</p>

It finally happened. Taproot , a Bitcoin soft-fork that has been in the works for years, went live at block 709,632. The first Bitcoin soft fork since Segwit in 2016, Taproot outfits Bitcoin with a new signature scheme, Schnorr signatures, as well as a new scripting language, Tapscript, both of which will give a boost to Bitcoin’s smart contract capabilities, improve on-chain privacy, and provide scaling benefits.

<ul><li>Shakers and movers converged on Dubai this week for Bitmain’s World Digital Mining Summit. </li><li>The reveal of Bitmain’s newest machine: <a href="https://www.hashrateindex.com/blog/bitmains-antminer-s19xp-new-bitcoin-miner" target="_blank" rel="noopener">the Antminer S19XP</a> was something-of-a main event for the summit, and the mining community was bubbling over with excitement from the reveal.</li><li>We compare the new rig to current models in price and profitability, among other metrics</li></ul>

Shakers and movers converged on Dubai this week for Bitmain’s World Digital Mining Summit. The reveal of Bitmain’s newest machine: the Antminer S19XP was something-of-a main event for the summit, and the mining community was bubbling over with excitement from the reveal.We compare the new rig to current models in price and profitability, among other metrics