Coin Metrics: Bitcoin mining status in Q2 2024
Since the Bitcoin halving in April, mining profits have come under pressure due to stagnant Bitcoin prices and a sluggish fee market.

Since the Bitcoin halving in April, mining profits have come under pressure due to stagnant Bitcoin prices and a sluggish fee market.
After Trump made remarks in support of cryptocurrency, the MAGA meme coin skyrocketed by over 65%.
The SEC accuses Geosyn Mining of defrauding investors, lying about crypto rig counts, and misusing funds for lavish personal expenses.
The Crypto-Asset Environmental Transparency Act would direct the EPA to impose greenhouse gas emission reporting rules on crypto mining facilities.
Metaverse is still very much important as the days of the internet are taking a new shape with the migration of different projects into Web3.
“Capuci operated a fraudulent investment scheme and did not use investors’ funds to mine new cryptocurrency, as promised, but instead diverted the funds to cryptocurrency wallets under his control,” the DOJ stated.
“This quarter, we saw significant improvements in the energy efficiency and sustainability of Bitcoin mining, a trend that will continue,” said MicroStrategy founder and CEO Michael Saylor.