Cryptocurrency Analysis and News Portal
The Bitcoin (BTC) network hash rate has just taken a steep plummet and is now down almost 45% from its 2020 peak.The network’s hash rate sank from 136.2 quintillion hashes per second (EH/s) on March 1 to 7.5.7 EH/s today, March 26, according to data from Blockchain.com. Coin.dance — another
Read More
Bitcoin (BTC) is set for a rare difficulty reduction in the coming days as continued price weakness tests its technical fundamentals.Data from monitoring resource Crypto This’ difficulty estimator showed that at present, next Wednesday will see difficulty fall by almost 13%.Hash rate returns to Christmas levelsDifficulty essentially indicates how
Read More
On Saturday Bitcoin (BTC) price dropped below $9,000 again, increasing the uncertainty surrounding future price estimates and reminding investors that the Coronavirus continues to impact markets across the world.Cryptocurrency market daily performance. Source: Coin360Interestingly, Bitcoin’s hash rate reached an all-time high on March 5 - 157 quintillion hashes per
Read More
Bitcoin mining startup Layer1 Technologies has begun operations at its West Texas facility, with an ambitious roadmap to secure 30% of the hash rate.Layer1, which raised $50 million in November from Thiel, Shasta Ventures and Digital Currency Group, said it has now brought multiple 2.5-megawatt liquid-cooled mining containers online.Its
Read More
The coronavirus outbreak in China may impose a longer-term impact on the bitcoin network’s mining activity at a time when an estimated 65 percent of its computing power is located there.While Chinese miner manufacturers see rising demand for new equipment ahead of bitcoin’s scheduled halving in May, they estimate the
Read More
BTC/USD is currently trading at $7,861 (+1.4% from the beginning of the day). The crypto is in motion as part of a vigorous bull trend in Asia amid growing volatility and a tested zone past the $8,000 price level.As Bitcoin halving approaches, several market analysts are trying to project how
Read More
As we have already reported, Bitcoin (BTC) was for sure the best profitable investment in 2019. If we compare it to “more traditional assets” it still seems we are right:• Nasdaq: +33.98 percent• S&P 500: +30.80 percent• Dow Jones: +24.23 percent• Gold: +17.83 percent• Bitcoin: +96.81 percentAlso, the network hash
Read More
Bitcoin (BTC) will cement its dominance over the cryptocurrency market next year in a fresh blow to altcoins, a veteran trader has said.In the latest episode of his Trading Bitcoin YouTube series on Dec. 22, Tone Vays warned that altcoin traders faced even worse conditions as 2020 begins.Dominance on
Read More
For all of bitcoin’s promise of being the world’s first decentralized, peer-to-peer cryptocurrency, 65 percent of the total hash power resides in China, according to a recent report by CoinShares Research. Source
Read More
Chinese Bitcoin (BTC) miners are now responsible for controlling as much as 66% of global hash rate, a new report claims.China’s Sichuan province is accounting for over half the global hash rate, according to a study by London-based digital asset manager CoinShares, Reuters reports Dec. 11.Hash rate is a
Read More