- Even though we are in the middle of a bear market, bitcoin miners continue ramping up hashrate financed by massive equity raises. This hashrate ramp-up has led the Bitcoin network to increase its mining difficulty on several occasions lately, and it currently sits at an all-time high.
- Meanwhile, the bitcoin price keeps hovering around the 2017 high of $20k, 71% below its $69k all-time high. Due to this combination of rising difficulty and the falling bitcoin price, miners dig out fewer and less valuable bitcoin than before.
- This article analyzes how the falling miner revenue has affected mining margins, showing that many mining operations are now close to being underwater.
This Month in Bitcoin Privacy (TMIBP) is a newsletter about privacy-related technology developments, events, and conversations in Bitcoin that catch her eye, as well as the tools or strategies that can be used to protect our right to informational self-determination.
We set out to investigate potential improvements to Lightning on both the protocol level and in how it’s used. With an awareness of current privacy best practices and pitfalls, what else is possible to improve Lightning privacy?
This research is from July 23 2022 but it is particularly relevant today to due concerns surrounding the solvency of Genesis, their parent company Digital Currency Group, and DCG's exchange traded product GBTC.