# Mining Related Articles

Dogecoin Becomes The Next Target For Qubic’s Compute Network — Here’s Why

Dogecoin is entering a new phase as it becomes the latest focus for Qubic, a project aiming to use blockchain networks for distributed computation. This signals a potential shift from its meme-coin identity toward a role in compute-based ecosystems. Qubic, which previously demonstrated its capability by dominating over 51% of Monero's hashrate and generating significant mining revenue, is now applying the same strategy to Dogecoin at a much larger scale. Dogecoin’s daily emissions are roughly 10 times those of Monero, representing a substantially bigger economic opportunity. Key milestones include the launch of Dogecoin mining on April 1st, a mainnet release scheduled for April 2nd, and accelerated network growth with tick speeds nearly doubled and guardian nodes surging. Additionally, Qubic is making progress in AI research with multiple academic papers accepted for major conferences. From a market perspective, analysts highlight a massive bullish pennant forming on Dogecoin’s monthly chart—a pattern that could define its long-term trajectory over the next several decades.

bitcoinist03/22 10:04

Bitcoin hash rate drops 10% – Is this a warning or BTC’s bullish reset?

Bitcoin's hash rate has declined by over 10% to 904.53 EH/s, extending an 8% weekly drop from recent peaks. This contraction reflects increasing miner stress following price corrections, with network difficulty also expected to decrease further. Despite these pressures, BTC's price remains relatively stable near $70,650. The divergence suggests miners are tactically shutting down operations rather than liquidating assets, indicating a period of de-risking. Miner reserves have gradually decreased, but exchange inflows remain steady, showing limited immediate selling pressure. This behavior points toward a potential network reset that historically precedes more sustainable recovery phases, though prolonged compression could still trigger delayed sell-side risks.

ambcrypto03/22 04:02

Trump-Backed American Bitcoin Accumulates $450M BTC, Enters Top 20 Treasury Holders

Trump-backed Bitcoin mining company American Bitcoin has accumulated 6,899 BTC (worth approximately $486 million), making it the 16th largest corporate Bitcoin holder globally, just ahead of Galaxy Digital. This positions the company as a hybrid mining operation and treasury vehicle, reflecting a strong long-term conviction in Bitcoin’s value. The accumulation occurs amid a challenging market environment, with Bitcoin struggling to sustain momentum around $70,000. American Bitcoin’s strategy highlights a broader industry trend where well-capitalized miners are accumulating BTC as a competitive edge during periods of uncertainty, absorbing supply and signaling confidence even as short-term sentiment remains mixed.

bitcoinist03/21 01:03

Trust Collapse: How an Insider Took Away a Hong Kong Teenager's $160 Million in BTC

In a high-profile case currently being heard in the UK High Court, Hong Kong-based financial influencer and former "stock prodigy" Yuen Bing-fai, also known as "Fire Fat Sam," has accused his estranged wife, Li Wun-yung, of stealing 2,323 BTC (worth approximately $162 million at the time of writing) from his cold wallet. Yuen alleges that Li, with the help of her sister, installed hidden cameras in their Brighton home to record him entering his PIN and seed phrase for his Trezor hardware wallet. The theft came to light after their daughter warned Yuen that her mother might be planning to take the Bitcoin. Secretly recorded conversations between Li and her sister, submitted as evidence, reportedly include discussions about transferring the BTC, laundering the funds, and avoiding police detection. The BTC was moved to 71 different addresses and has remained there since. Yuen, who gained fame through stock and crypto investments, claims to have acquired the Bitcoin between 2010 and 2013. The court has issued a global freezing order on the assets due to crypto's volatility. While Li denies the allegations, the judge noted the evidence appears "devastating" and allowed the civil case to proceed. The case has drawn significant media coverage and public attention, also reviving discussions about Yuen's controversial past, including his promotion of a failed cloud mining scheme in Hong Kong that led to investor losses and police investigations.

比推03/20 06:36

Has Bhutan Stopped Mining Bitcoin? New BTC Moves Fuel Fresh Questions

Bhutan's recent Bitcoin transfers, totaling $72.3 million over 24 hours, have raised questions about whether the country has stopped mining BTC. Blockchain analytics firm Arkham noted that the last significant inflow to known Bhutan-linked wallets was over a year ago, suggesting the state-backed mining operation may have slowed or halted. However, alternative explanations exist, such as seasonal hydropower limitations or the use of unidentified wallets for mining rewards. Bhutan has historically framed its Bitcoin strategy as a long-term national commitment rather than speculative trading. The ongoing outflows indicate distribution rather than accumulation, but the true status of Bhutan's mining activities remains uncertain.

bitcoinist03/19 20:32

Teen Stock God Enters Soap Opera-Like Family Drama: Partner Secretly Films Mnemonic, Transfers $160 Million in BTC

Hong Kong financial influencer and self-proclaimed "Stock Prodigy" Yuen Bing-fai, also known as "Fire Liu Sen," is embroiled in a sensational divorce case in the UK High Court. He accuses his estranged wife, Li Huanyong, and her sister of installing hidden cameras in their Brighton mansion to secretly record him entering his Trezor cold wallet PIN and 24-word seed phrase. This allegedly allowed them to steal 2,323 BTC, worth approximately $163 million at the time of the incident in 2023. Key evidence includes covertly recorded conversations where Li and her sister discuss transferring the Bitcoin, laundering risks, and using a second wallet. The BTC was moved to 71 different addresses and has remained dormant. Although Li denied the allegations, the judge found the evidence "devastating" and granted a global freezing order due to crypto's volatility. Yuen, who gained fame for accurate market predictions during the 2008 financial crisis, claimed he accumulated his Bitcoin holdings between 2010 and 2013. His career has also been marred by controversy, including a 2019 fraud investigation in Hong Kong related to a promoted cloud mining scheme (HE15) that allegedly caused over HK$20 million in investor losses. He relocated to the UK prior to the investigation.

marsbit03/19 07:12

Jensen Huang is Satoshi Nakamoto

Summary: The article draws a compelling parallel between Jensen Huang, CEO of NVIDIA, and Satoshi Nakamoto, the pseudonymous creator of Bitcoin. It argues that both figures, though operating in different eras, fundamentally architected new "token economies" based on a core conversion rule: inputting computational power (electricity) to output a valuable token. Nakamoto's 2008 whitepaper defined a system where Proof-of-Work mining produces scarce cryptographic tokens, creating a decentralized "faith economy" based on speculative value. In 2026, Huang is portrayed as performing a structurally identical act at GTC. Instead of merely selling GPUs, he presented a complete "token economics" framework, segmenting the market into tiers (Free, Medium, High, Premium, Ultra) based on inference speed, model type, and price per million tokens. He defined valuable computation for the AI age. The key distinction lies in the tokens' purpose and resulting scarcity. Crypto tokens derive value from artificial, code-enforced scarcity (e.g., Bitcoin's 21 million cap) and are meant to be held. AI tokens derive value from their immediate consumption for productive tasks (coding, decision-making) and face a natural, physical scarcity governed by the laws of thermodynamics, land, and power grids, which Huang's hardware is designed to maximize. Ultimately, while Nakamoto created a speculative asset, Huang is building an indispensable utility. The AI token economy, powered by NVIDIA ecosystem, is argued to be more resilient and fundamental, as the author concludes, "You don't need to believe the token has value—your credit card bill has already proven it." Huang is presented as the visible, commercial architect of a tangible token future, the successor to Satoshi's anonymous, ideological blueprint.

marsbit03/19 01:31

SEC and CFTC Jointly "Approve": A New Era of Regulation from "How to Regulate" to "What to Regulate"

比推03/18 12:11

SEC says most crypto assets are not securities in new regulatory framework

The U.S. SEC, in coordination with the CFTC, issued new guidance on March 17, 2026, clarifying that most crypto assets are not securities. The framework introduces a taxonomy classifying digital assets into five categories: digital commodities, collectibles, tools, stablecoins, and digital securities. It emphasizes that a crypto asset itself may not be a security, even if involved in an investment contract, and that its regulatory status can change over time. The guidance also addresses staking, airdrops, mining, and asset wrapping, reducing uncertainty for market participants. This move signals improved regulatory alignment between the SEC and CFTC, providing clearer rules for builders, issuers, and investors.

ambcrypto03/17 22:02

Wisdom Tree + Glassnode: Reframing Blockchains as Economic Systems

The digital asset ecosystem is increasingly viewed as an emerging financial system with its own infrastructure and economic structure. This report, a collaboration between Wisdom Tree and Glassnode, reframes blockchain networks as multi-layered economic systems that mirror traditional markets in function and incentives. Key insights include the use of transaction fees as a direct measure of blockchain health, the economic models of security (energy-backed for Bitcoin, capital-backed for Ethereum), and the industrialization of mining. Systemically important crypto exchanges and custodians now link on-chain activity to traditional capital markets, facilitating institutional adoption. Stablecoins serve as the core settlement and liquidity layer, while DeFi and tokenization extend financial functions on-chain with growing integration into traditional finance. The full analysis provides a data-driven framework for evaluating digital assets beyond price, using observable on-chain metrics and macroeconomic benchmarks.

insights.glassnode03/17 14:29