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20% of Bitcoin Hashrate Is ‘Still in Mainland China,’ Report Claims
20.12.2021
As much as 20% of the world’s total bitcoin (BTC) mining hashrate may still be based in Mainland China despite September’s crackdown, a new report has indicated.
Although Beijing has been seeking to make an example of miners who continue to defy its blanket ban on mining, authorities in...
Bitcoin Hashrate Hits an All-Time High Suggesting Thousands of Next-Gen Machines Have Joined the Race
12.12.2021
While bitcoin prices have consolidated around the $50K zone, the network’s hashrate has reached an all-time high (ATH) on December 8, 2021, tapping 194.95 exahash per second. Bitcoin miners have increased their processing power a great deal despite the fact that mining bitcoin is 8.33%...
Bitcoin Hashrate Close to Full Recovery After China’s Mining Ban
9.12.2021
The hashrate, or the computational power of the Bitcoin (BTC) network is close to a full recovery after a massive migration of miners out of China following a ban on mining and other crypto-related activities there in May this year.
According to the latest data, the hashrate of the Bitcoin...
Bitcoin hash rate returns to all-time high levels
9.12.2021
After the global hash rate of Bitcoin dropped to as low as 84 EH/s in June, the network has since recovered to sit at around 175 EH/s this week
Delaying the Ice Age — Ethereum Network Participants Prep for Upcoming Arrow Glacier Upgrade
7.12.2021
The Ethereum network will be undergoing a scheduled upgrade soon called “Arrow Glacier,” a change that aims to mimic the “Muir Glacier” upgrade. Essentially, Ethereum’s Arrow Glacier changes the parameters of the network’s Difficulty Bomb delay to June...
Bitcoin Hashrate Rises Despite Price Drop, Mystery Hashpower Returns
5.12.2021
Bitcoin’s hashrate has increased a great deal, even after the leading crypto asset’s price slipped below the $50K price zone. Eight days ago the network hashrate was coasting along at 168 exahash per second (EH/s), and this past week it increased 7.73% to today’s 181 EH/s....
Bitcoin’s Hashrate Dips, Mining Difficulty Expected to Decrease for First Time Since July
27.11.2021
Bitcoin’s hashrate has been volatile in recent times following the same patterns as the crypto asset’s price. Three days ago, Bitcoin’s hashrate neared the 180 exahash (EH/s) zone only to plummet to 128 EH/s two days later. The recent shifts have taken place before the upcoming...
While BTC’s Hashrate Climbs Higher, Bitcoin’s Mining Difficulty Nears All-Time High
20.11.2021
During the last 90 days, Bitcoin’s hashrate has been climbing higher and has been slowly nearing the all-time high (ATH) the network captured six months ago in May. The accelerated hashrate has caused the network difficulty to rise, as Bitcoin’s mining difficulty has adjusted upward...
Bitcoin Hashrate Nears All-Time High Captured in May — BTC Mining Rigs Produced in 2016 Still Profitable
15.11.2021
While bitcoin’s value has remained well above the $60K range, the network’s hashrate has surged to over 184 exahash per second (EH/s) as mining devices are far more profitable at these prices. The price has made it so that older generation mining devices manufactured over four years...
Marathon Plans to Raise $500 Million From Convertible Senior Notes to Buy Bitcoin and Mining Rigs
15.11.2021
On Monday, the enterprise bitcoin mining operation Marathon Digital Holdings announced the firm will raise $500 million from convertible senior notes in order to accrue more “bitcoin or bitcoin mining machines.” Publicly-Listed Mining Operation to Raise $500M From Debt Markets...
Bitcoin’s Hashrate Soars 42% Higher Over the Last 3 Months Following Crypto Asset’s 36% Price Increase
13.11.2021
While bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well. Since August 13, Bitcoin’s hashrate has climbed 42% from 110 exahash per second (EH/s) to today’s 157 EH/s....
Crypto Network Hashrates Recover From Summer Slump — Ethereum’s Hashrate Captures All-Time High
2.11.2021
On November 2, 2021, the Ethereum network’s global hashrate tapped an all-time high (ATH) at 873 terahash per second (TH/s) or close to 1 petahash. Alongside Ethereum’s ATH, a myriad of hashrates have returned back to the highs the network’s once held before the crypto mining...
Hive Blockchain Secures Order for 6,500 Next-Generation Bitcoin Miners From Canaan
30.10.2021
On October 29, the publicly listed firm Canaan announced the mining manufacturer has secured a follow-on purchase order from the mining operator Hive Blockchain for 6,500 units of Canaan’s next-generation Avalon mining rigs. Hive expects to increase the operation’s hashrate from...
Bitcoin Hashrate Increases 32% in 3 Months, Stealth Miners Command 12% of BTC’s Hashpower
24.10.2021
Bitcoin’s hashrate has been increasing a great deal during the last three months, as it’s increased more than 32% from 103 exahash per second (EH/s) on July 25 to today’s 137 EH/s, with a few highs in between around the 189 EH/s mark. Bitcoin’s price spike has pushed...
Jack Dorsey Says Square Is Considering Building a ‘Bitcoin Mining System Based on Custom Silicon’
16.10.2021
Following the latest report from Cambridge University that shows a large percentage of the Bitcoin network’s hashrate resides in the United States, the CEO of Twitter and Square, Jack Dorsey, has announced that Square is considering building a “bitcoin mining system based on custom...
Coingecko Publishes Q3 Crypto Report — BTC Outperformed Every Major Asset Class, Altcoins Decouple
15.10.2021
On Thursday, the crypto asset aggregation portal Coingecko published the firm’s 2021 third-quarter report which shows a number of different findings. According to the study, for the most part, the crypto economy recovered from the market downturn in May as the top 30 market caps grew by...
Bitfarms Starts Construction of Mega Bitcoin Mining Farm in Argentina
12.10.2021
Bitfarms, a bitcoin mining company, announced last week that construction is underway for a mega bitcoin mining farm in Argentina. The facility, which is designed to accommodate 55,000 miners, will be finished by next year. This is yet another signal that mining companies are looking for new areas...
Q4 Forecasts For Bitcoin Miners; Executive Order on Crypto + More News
11.10.2021
ndex.com/blog/hashrate-index-q3-report-bitcoin-china-ban">said in its report today. The company did not specify if it's in USD or BTC terms. 7-day average revenue from fees was almost USD 900,000 on October 10, per Blockchain.com
BTC’s Price Rise Gives 5-Year-Old Mining Rigs New Life — Bitcoin Hashrate Jumps Close to 20% Since Last Week
10.10.2021
As bitcoin’s value has increased, the global hashrate has been steadily climbing higher week after week. On Sunday, the hashrate dedicated to the Bitcoin network is hovering just above the 155 exahash (EH/s) handle and bitcoin’s price has made a great number of mining rigs more...
Bitcoin bears risk getting trapped if BTC price remains above $50K — Here's why
7.10.2021
Hash rate, supply shock, and U.S. credit risk are likely the causes for the BTC rally