Ethereum News Daily TheBitTimes.com

They may have seen some hard times, but overall, estimates conclude that Bitcoin miners are up 37% from their activities. Bitcoin (BTC) miner s have profited roughly 37% from mining Bitcoin since its inception, new data reveals. Calculations from on-chain analytics firm Glassnode suggest that since 2010, fees and block reward subsidies have netted miner s over $50 billion. Bitcoin miner revenue passes $50 billion mark Amid an ongoing debate over miner costs and susceptibility to Bitcoin price dips, new figures suggest that miners are firmly in the black in the long term. According to Glassnode, miners’ total all-time income is almost 40% higher than their estimated costs, coming in at $50.2 billion versus $36.6 billion, respectively. Bitcoin miner thermocap vs. cumulative production cost annotated chart. Source: Glassnode/ Twitter Researchers generated the numbers using two metrics: thermocap and transaction fees, which are “the cumulative sum of issuance multiplied by spot price in...

Join Our Telegram channel to stay up to date on breaking news coverage After the initial excitement at the prospect of Canadian University Dubai (CUD) accepting crypto, a new announcement revealed that the deal is canceled due to a technical roadblock. CUD was supposed to introduce crypto payments through its partnership with Binance Pay and allow people to make payments using digital assets. However, less than 24 hours after the partnership announcement was made, the initiative was shot down by CUD itself. Crypto adoption in Dubai CUD is a private university located in Dubai, the most populous of the emirates that make up the UAE. Recently, Dubai has been making headlines due to its crypto regulations that require all companies to obtain the license of the new local regulatory body. The same set of rules also prohibited the use of privacy coins in Dubai, to prevent their use for illicit purposes. Despite the restrictions, the new set of rules was generally accepted as a goo...