Cryptocurrency Analysis and News Portal
As Ethereum is finally set to launch its Ethereum 2.0 upgrade later this year, putting an end to a long streak of delays, the network will start moving toward a proof-of-stake model. Consequently, the network will abandon the proof-of-work consensus algorithm, leaving Ether (ETH) miners with very few options. Since their
Read More
[sociallocker id="55298"] The Bitcoin hashrate is up this weekend after the network experienced it’s fourth negative difficulty adjustment this year. The Bitcoin (BTC) protocol’s difficulty adjustment dropped over 9% on June 4, giving miners who shut off their machines a chance to join the competition once again. Moreover, Glassnode
Read More
[sociallocker id="55298"] Bitcoin (BTC) miners are setting up a bullish trend despite large sell-offs around the halving, a new data metric suggests. According to Glassnode’s Miner Outflow Multiple (MOM), outflows from mining pools compared to their one-year moving average are nearing all-time lows.Demeester “bullish” on BTC miner dataMOM calculates coins leaving
Read More
[sociallocker id="55298"] Despite Tuesday’s sudden price decline, miner flows suggest the bitcoin market remains strong. The biggest cryptocurrency by market value fell 8% from $10,137 to $9,298 in less than 5 minutes during Tuesday’s U.S. trading hours, dashing hopes for a continued upward move. The price drop, however, has not deterred miners
Read More
[sociallocker id="55298"] Weaker bitcoin miners are engaging in massive selloffs as Bitmain debuts a cheaper model in the Antminer series. Inefficient Miners Offloading Bitcoin Likely Signaling Capitulation Smaller Bitcoin miners appear to be capitulating as figures show massive BTC selling. This trend comes as the May halving sees block reward slashed by
Read More
[sociallocker id="55298"] Last week, Bitcoin (BTC) miners sold 11 per cent more coins than they generated over the same period, June 1 data from on-chain analysis portal ByteTree suggests.According to the portal's metric that tracks Bitcoin wallet addresses associated with miners, around 5,800 BTC was generated over the past seven
Read More
A widespread bug has compromised a special type of bitcoin transaction that is supposed to discourage miners from cheating, new research shows. In a report released in late April, pseudonymous engineer 0xb10c found more than a million of these “timelocked” transactions made between September 2019 and March 2020 were not accurately
Read More
Bitcoin educator Andreas Antonopoulos sees the recent downturn in oil prices as a net positive for crypto miners worldwide, particularly those at the Bitmain mining facility in Texas.In a video he posted to his YouTube channel on May 27 titled “Down the Rabbit Hole”, Antonopoulos said the falling oil prices
Read More
An early Bitcoin (BTC) miner has signed a cryptographic message with 145 wallet addresses containing unspent UTXOs calling Craig Wright (CSW) a fraud and a liar.Satoshi’s ghost is rising again. Well, probably not but the interesting thing is that today the message came signed by 145 wallets containing Bitcoin (BTC)
Read More
Bitcoin (BTC) mining has become a multibillion-dollar industry. Pools, manufacturers and farms contribute to the growth and professionalization of the space. Financial service companies bring institutional-grade products and capital that increases liquidity for the biggest operators.There’s a fundamental shortage of United States dollars available relative to the overall demand when
Read More