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Crypto
Bitcoin mining profits plunge, putting $60,000 support under test
Bitcoin mining profitability has fallen to a record low, fueling market unease over whether bitcoin can hold the $60,000 support level. As the price slipped toward $62,000, on-chain activity cooled and miner revenue sank. Miners and pools still hold more than $110 billion worth of bitcoin, raising concerns about potential selling. Industry concentration has increased, while some miners shift power infrastructure toward AI computing.
Crypto
Pattaya condo bought for 2,900 bitcoin sells for 7 bitcoin, highlighting opportunity cost
Chun Wang, founder of bitcoin mining firm F2Pool, said he sold a condo in Pattaya, Thailand, in 2026 for 7 bitcoin after buying it in 2015 for 2,900 bitcoin. He said bitcoin was about $224 then, valuing the purchase at about $650,000. At an assumed $67,500 per bitcoin, 7 bitcoin equals about $470,000. The difference is 2,893 bitcoin.
Crypto
Foundry to launch Zcash mining pool for institutions
Digital asset infrastructure firm Foundry will launch a Zcash mining pool in April 2026, Cointelegraph reported on Tuesday. The pool will target institutions and listed mining companies and operate from the United States using the same infrastructure as Foundry USA Pool. Foundry plans to add reporting tools and a payout system. A Foundry spokesperson said financial privacy and regulatory compliance can coexist.