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bitcoin

8+ years in Crypto

customer service

24/7 support

client relationship

Personal Client Relationships

bitcoin

8+ years in Crypto

customer service

24/7 support

client relationship

Personal Client Relationships

ATH Bitcoin mining earnings!

Gm crypto miners,

Welcome to Terahash Solutions' Newsletter, your biweekly source for all things crypto mining! Whether you're an expert or just dipping your toes into crypto mining, our newsletter is here to keep you informed.

Every two weeks, we'll dive into the latest market trends, news, technological advancements, regulatory updates, and insider tips to help you.

Let's dive in!

Mining meteorological conditions:

Bitcoin price: $67,839

Bitcoin Price Chart

Network hashrate: 551EH/s

BTC Chart

Difficulty: 83.9T

BTC Chart

What happened lately?

  • Despite Bitcoin reaching new all-time highs, publicly traded mining stocks, including Marathon, Cleanspark, Riot, and others, have experienced declines on the Nasdaq. Even as Bitcoin celebrated fresh price milestones, shares of most mining companies have diminished in value compared to the U.S. dollar, following a brief recovery the previous week. Marathon Digital Holdings (MARA) saw a decline of 5.23%, Cleanspark (CLSK) fell 7.88%, Terawulf (WULF) dropped 7.21%, Bitdeer (BTDR) decreased by 8.83%, Bitfarms Limited (BITF) reported a 9.81% loss, and Riot Platforms (RIOT) encountered a 2.63% decline.

Bitcoin Miner
  • Bitcoin miner earnings surged to all-time highs, reaching $78.6 million in daily revenue on March 7th, surpassing the peak set during the last crypto bull market in April 2021. This increase coincides with Bitcoin's 70% rally this year, with the crypto hitting a record high of nearly $72,881. The spike in miner revenues is attributed to new coins awarded for validating transactions and fees paid by users.Bitcoin's upcoming halving in April, which will halve miner rewards and reduce supply growth, has fueled expectations of rising prices. This turnaround marks a significant shift from the crypto winter. Companies are aggressively positioning themselves for success, with 13 top mining firms placing orders for over $1 billion worth of mining hardware since February 2023.
  • U.S. President Joe Biden's proposed fiscal year 2025 budget includes measures aimed at regulating cryptocurrency, such as a crypto mining excise tax and incorporating crypto into wash-sale rules. These proposals, similar to those from the previous year, are expected to generate nearly $10 billion in revenue in 2025 and over $42 billion over the next decade.The budget outlines plans to close tax loopholes benefiting the wealthy, including addressing like-kind exchange loopholes, retirement incentives, life insurance tax shelters, and tax breaks for corporate jets. The proposed regulations aim to prevent practices like wash trading, common in NFT markets, by treating crypto assets similarly to stocks and securities. The administration projects significant revenue generation from including digital asset transactions in wash sale and mark-to-market rules, while an excise tax on mining could reduce the national deficit by billions over the next decade. Despite similar proposals in the previous year's budget, they were not implemented by Congress. Biden's budget announcement follows his State of the Union address, although digital assets were not mentioned in the speech, and comes amid preparations for the 2024 general election.

Hardware release:

Bitmain Antminer

We are thrilled to announce the latest release by Bitmain! The brand new Antminer KS5 Pro 21TH/s. A powerhouse of efficiency and performance!

Key Features:

  • 21TH/s
  • 3,150W
  • 150J/T

Profitability*:

Bitmain Antminer KS5 Profit Table

Reach out to us here to order your new KS5!

*Terahash Solutions provides the profitability estimates for informational purposes only. These estimates are based on current market conditions, Kaspa price, and an assumed electricity fee of $0.08 per kWh. However, it is essential to note that crypto mining profitability can be influenced by various factors beyond our control, including but not limited to changes in market conditions and fluctuations in Kaspa price. Therefore, Terahash Solutions cannot guarantee the accuracy or reliability of these estimates, and actual profitability may differ. Users should conduct their own research and analysis before making any investment or mining decisions.

 

Crypto market:

  • Bitcoin: $67,839
  • Ethereum: $3,694
  • Litecoin: $87.80
  • Kaspa: $0.13
  • Solana: $175

The fear and greed index has been in “greed” mode for back-to-back days.

fear and greed index

Start Mining with Terahash Solutions NOW!

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