a.i & blockchain

even though they were selling ether, the hive was able to keep all of their bitcoin

The bitcoin output of the canadian miner climbed by 12 percent in december compared to november, while the ether output declined by approximately 7 percent. more than $416,000 worth of cryptocurrency was mined by hive last year. in 2021, hive sold all of the ether and ethereum classic (etc) it had produced so that it could cover its operating costs. at the current market price of $43,000 for a bitcoin and $3,400 for an ether, its output was worth around $221 million.

during the previous year, hive claims to have generated 1,768 bitcoins and 41,966 ether. at $43,000 for bitcoin, and $3,400 for ether, such output was worth approximately $221 million. on monday morning, hive’s stock was down more than 5% in early u.s. trading.

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