Bitcoin's computing power broke the previous record on October 12, 2023. Measured by the 7-day simple moving average (SMA), it has soared to 455 exahashes per second (EH/s), which is impressive. From this perspective, on January 1, 2023, the computing power hovered around 261 EH/s. This means that in less than a year, it has leaped by 194 EH/s.

South Korean IC design company ADTechnology has announced that Samsung Foundry has received an order to manufacture server CPUs for an unnamed overseas company using 3nm process GAA transistor architecture. According to Samsung's product roadmap, there are at least three types of 3nm process (SF3E, SF3, SF3P) that use GAA transistor architecture.

The Public Service Commission of Kentucky has approved over $4 million worth of electricity discounts for local mining company Bitiki-KY, making the state a more attractive destination for bitcoin miners seeking affordable energy options. Bitiki agreed to invest $25 million in its facilities and create five new jobs in exchange for the discounts, which will be allocated for the first five years of the contract. <br>

Bitcoin miners are experiencing a decrease in revenue due to a decline in demand for block space. Glassnode's block size chart shows a surge in size in February, but this was short-lived and followed by a decline. The introduction of inscriptions through Bitcoin Ordinals initially increased block size and fees, but a subsequent reduction in inscription volume has led to a more subdued state for block space and miner earnings.&nbsp;

Bitcoin miners hold significant power in the cryptocurrency market as their decisions to hold or sell Bitcoin can impact supply and demand. Recent data shows that miners have been increasing their Bitcoin positions, indicating a positive outlook. However, it remains to be seen how negative position changes will affect price volatility. In July, a sudden accumulation of over 451 BTC within four days could provide insight into this question.

According to a new research paper from MIT, claims by Bitcoin miners that they provide a net benefit to the power grid and use renewable energy should be examined more closely. The paper cites an agreement between large flexible load operators in Texas and the state’s energy operator, ERCOT.

Bitcoin miners are holding onto their coins despite a drop in the percentage of miner revenue derived from fees to a three-month low. Although there has been an increase in transaction volume on the Layer 1 network, total fees paid to process transactions on the Bitcoin network have fallen by 38% since March to reach their lowest point in four months. The mean fee paid per transaction on the Bitcoin network reached a high of $30.36 on 8 May due to an uptick in trading volume, but has since dipped as transaction activity returned to normal after the hype around Ordinals NFTs collection faded. A code using the adpushup library triggers ads on different platforms such as desktop, mobile, and tablet, with each platform having a unique ad ID assigned to it.

Bitcoin miners earned $187 million in transaction fees (excluding network subsidies) in Q2 of 2023, a 300% increase from Q1. Network subsidies reached $2.5 billion in Q2, up from $1.93 billion in Q1. Bitcoin miners earn income from network subsidies and transaction fees, with May seeing the highest fee earnings at $125.9 million. The surge in fees coincides with increased activity around Ordinals, a protocol on the Bitcoin network, which has generated BRC-20 tokens with a total market capitalization of over $1.1 billion.

Bitcoin miners have achieved a significant milestone, earning over $100 million in transaction fees alone during the second quarter of 2023, according to a report by Coin Metrics. This marks a 270% increase from the first quarter and exceeds the total fees earned in the previous five consecutive quarters combined.

Bitcoin miners have seen a surge in transaction fees, earning $184 million from April to June due to the popularity of BRC-20 tokens and Ordinals, according to Coin Metrics. This represents a significant change from the previously "tepid fee market" for Bitcoin miners.