Here’s Why Bitcoin’s Hash Rate Has Dropped Around 10% In the Past Day
Although Bitcoin is a decentralized technology, the mining of the cryptocurrency is somewhat centralized in China. Per some
Read MoreAlthough Bitcoin is a decentralized technology, the mining of the cryptocurrency is somewhat centralized in China. Per some
Read MoreThe price of bitcoin has been very stable lately, and the crypto asset has been trading in a less volatile range just above $9k per coin for 76 consecutive days. After the third halving, the price of bitcoin has also been far more stable, in contrast to the price
Read MoreBinance is looking to consolidate more bitcoin mining hashrate to its pool in Russia and the Central Asia region. The world’s largest crypto exchange is deploying a physical server node for its pool at BitRiver, the largest bitcoin mining hosting provider in Bratsk, Russia. The move would give miner owners
Read MoreBitcoin’s recent mining rewards halving that took place just a couple of months ago went off without a hitch and has had a negligible adverse impact on the dynamics seen amongst the cryptocurrency’s miners.This comes despite what many analysts had previously believed, as some had been calling for an imminent
Read MoreFollowing the Bitcoin halving, concerns over miner capitulation have proven unfounded. The week just gone saw the network hash rate reach a new all-time high of 125 million TH/s.Source: blockchain.comSignificant pullbacks occurred in March and May, sparking fears of the beginning of a miner’s exodus. Current data shows the Bitcoin
Read MoreJust months ago, in March, many thought Bitcoin was on its way out. The cryptocurrency registered a 50% drop in a single 24-hour period in March, falling as global markets imploded.BTC miners followed suit, shutting down their machines en-masse because they weren’t profitable.But just three and a half months later,
Read MoreAfter the block reward halving, many analysts in the Bitcoin space expected a “death spiral.”The term is one created by a professor who, in 2018 speculated that BTC could fall to $0 due to a collapse in miners. A “death spiral,” per the journalist, takes place when Bitcoin miners leave
Read MoreBitcoin (BTC) will hit $500,000 because the United States will start a giant hash war with Iran and Venezuela — and it’s already started.In the latest episode of his Keiser Report TV show, Max Keiser predicted that the Iranian and Venezuelan regimes would force the Trump administration to embrace BTC.Keiser:
Read MoreThe Bitcoin (BTC) mining difficulty has seen its biggest upward move for over two years after warnings over BTC price selling pressure.According to data from on-chain monitoring resource BTC.com on June 17, the latest difficulty adjustment saw difficulty increase by 14.95% — the most since January 2018.Bitcoin difficulty shoots up
Read More[sociallocker id="55298"] Earlier this week, Chinese mining-hardware juggernaut Bitmain unveiled its new product, an application-specific integrated circuit called Antminer T19. The Bitcoin (BTC) mining unit is the latest to join the new generation of ASICs — state-of-the-art devices designed to mitigate increased mining difficulty by maximizing the terahashes-per-second output.The Antminer
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