ZEUS MINING BLOG

By the end of 2024, Bitcoin price is expected to reach $100,000! The crypto bull market is back. Bitcoin, the top cryptocurrency, could hit $100,000 by the end of 2024, according to a report by Jeff Kendrick, head of digital asset research at Standard Chartered Bank. By the end of 2024, we could see Bitcoin (BTC) reaching the $100,000 level , as we believe the much-hyped "crypto winter" is finally over. According to Kendrick, Bitcoin could benefit from many factors. For example, recent instability in the banking sector due to the end of the Fed's rate hike cycle and the increased profitability of cryptocurrency mining. As uncertainty persists, Kendrick believes the path to the $100,000 level is becoming more apparent. Bitcoin has bounced back this year, topping $30,000 for the first time in 10 months. However, the crypto industry lost trillions of dollars in 2022 after the Fed raised interest rates. Observers Are Arguing About Bitcoin Standard Chartered isn't the only...

  Mining difficulty plummeted by 7.3%; how should miners choose? According to data, the difficulty of Bitcoin mining ushered in the adjustment of mining difficulty at the beginning of this month, and the mining difficulty was reduced by 7.32% to about 34.24T, the largest drop since July 2021. It was also the biggest single drop since China banned mining last year. The sudden drop in the difficulty of Bitcoin mining this time means that many mining companies have withdrawn from the mining ranks due to the decline of Bitcoin, mining competition, and the increase in difficulty. The response adjustments made by the Bitcoin system to this show that there has been a large-scale retreat of online miners. In the past half a month, encryption mining companies have experienced the difficult situation they have faced in the past few months. Considering that the mining business is no longer profitable and they are heavily in debt, it seems that the only way for mining companies to announce shu...

Canaan Technology Launches New Avalon A13 Series Bitcoin Miners According to the latest news, Canaan Technology announced the launch of the new Bitcoin miner Avalon Made A13 series, including Avalon A1346 and Avalon A1366. Canaan Technology said that the new generation of miners uses advanced ASIC technology, and the A13 series will include two different models. Compared with the 90 to 100TH/s hash rate offered by the A12 series, the A13 series has both hash rate, and energy efficiency has been enhanced. Canaan's CEO said the all-new A13 is a milestone in the company's over-computational energy consumption analysis. The model A1346 has a hash rate of 110 TH/s and an energy efficiency of 30J/TH. Model A1366 has a hash rate of 130TH/s and an energy efficiency of 25J/TH. Comparing the energy efficiency ratio of Bitmain's flagship S19 XP of 21.5 J/TH with that of Bitmain's M50S of 0.026j/Gh, the new series of A1346 is "very competitive" in terms of efficiency at...