Cryptocurrency Analysis and News Portal
Bitcoin’s hashrate has been climbing higher during the last two weeks, hitting 174 exahash per second (EH/s) on two occasions since June 28. Currently, Bitcoin’s network hashrate is coasting along at 158 EH/s, up 128% since the low 83 days ago when it hit 69 EH/s. Meanwhile, unknown hashrate has
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Bitcoin is a perpetual motion machine. The Bitcoin hashrate is slowly climbing to pre-China-ban levels, and the service continued uninterrupted without a hiccup. Such is the power of well-placed incentives. Pantera Capital’s CEO Dan Morehead adds one more factor to the equation. “The bitcoin network has recovered 68% of the
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Bitcoin prices have improved a great deal in recent times and the network’s hashrate remains higher than it was 67 days ago when it tapped a low of 69 exahash on June 28. Today, statistics show Bitcoin’s hashrate has increased more than 92% since then and the network is due
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The big news this week happened on April 16th, when a major power outage in Xinjiang wreaked havoc on the BTC hash rate. According to local sources, the hash rates on Ant Mine Pool fell by 21.93%, BTC.com by 18.5%, Binance Mine Pool by 22%, and Huobi Mine Pool by
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On April 15, a widespread power outage in North China led to a sharp decline in the Bitcoin hash rate. Because major mining farms are located in China, there was a 20% corresponding decline in hash rate. The China Hash Rate Crash Of 2021 As a result of the decline in hash
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“Hashrate” refers to the total combined computational power that is being used to mine and process transactions on a Proof-of-Work blockchain, such as Bitcoin and Ethereum (prior to the 2.0 upgrade).A “hash” is a fixed-length alphanumeric code that is used to represent words, messages and data of any length. Crypto
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Cryptocurrency exchange OKEx is seeing slight signs of activity from its mining pool after losing 99.5% of its hashrate this autumn after the exchange suspended withdrawals from trading accounts. OKEx bitcoin pool miners seemed to jump ship through late October and into November as the pool’s hashrate dropped from over
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Bitcoin’s hashrate bounced 30% Wednesday from quarterly lows on Nov. 2 as miners brought ASIC machines back online after relocating them out of China’s Sichuan province as the wet season ended in late October, as CryptoX previously reported. Bitcoin’s mining difficulty registered a record-setting percentage decrease on Nov. 3 – the
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The cost of doing transactions on bitcoin is surging while the network suffers its worst congestion in nearly three years.As of Wednesday, the mean fee per transaction, or the average transaction cost, was 0.00086764 BTC, the highest since June 2018, according to data source Glassnode. In dollar terms, the average
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Ethereum Classic’s hashrate has dropped precipitously since January and continues to decline after two successful 51% attacks on the network earlier in August. In light of the vulnerability, Ethereum Classic Labs, self-described as “stewards” of the blockchain, detailed a plan to protect and revitalize the fledgling network in a blog
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