Cryptocurrency Analysis and News Portal
Bitcoin’s mining difficulty just posted the smallest percentage change in 10 years. The bitcoin network adjusted its difficulty level at 01:18 UTC on July 1 to 15.7842 trillion – down a mere 0.0033% from the previous level of 15.7847 trillion set June 17. The percentage change is small enough that it
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Hut 8 Mining Corp. has raised $8.3 million from the sale of 6% of its shares to investors. The Canadian bitcoin miner originally intended to raise $7.5 million from the sale, but it was oversubscribed.Totonto Stock Exchange-listed Hut 8 issued about 5.8 million “units” at a price of $1.45
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During the last seven days, the price of bitcoin has dropped 4.8% from a high of $9,700 on June 24, to a low of $8,965 on June 27. Since then the price has increased and the price per bitcoin is back above the $9k zone but much lower than
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Mining conglomerate BHP has completed its first trial trade of iron ore using blockchain technology. As reported by Reuters on Monday, the roughly $14 million deal with Chinese metals giant Baoshan Iron & Steel Co Ltd. (Baosteel) was conducted on a platform created by Canada-based startup MineHub Technologies. The MineHub platform
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Recent findings from analytics company Digital Assets Data show miners hanging on to their Bitcoin (BTC). "Rolling MRI (Miner's Rolling Inventory) has declined significantly since the halving, meaning that miners are holding onto more BTC than they are mining, despite the (presumed) increased costs of the added hash power to the
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On Friday, June 26, the China-based Zhejiang Ebang Communication, often referred to as Ebang, will be listed on Nasdaq, according to various reports. Ebang’s initial public offering (IPO) will be the second U.S.-based IPO for an ASIC mining manufacturer joining the company Canaan. The Ebang IPO prospectus was also
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Bitcoin (BTC) miners may have started selling coins once more as data shows two mining pools release over 7,000 BTC in a single day.The figures, from on-chain monitoring resource CryptoQuant, came hours before BTC/USD abruptly fell back to $9,500 on June 24. Poolin nears outflow all-time highThe mining pools under the
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Shortly after the launch of its own cryptocurrency mining pool, Binance is adding specialized features to it to help miners make more money.Earlier this month, Binance Pool launched a new feature called “Smart Pool.” It lets miners automatically switch hash rates to mine the most profitable of three supported coins
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It’s been approximately 37 days since the notorious Bitcoin reward halving that took place on Monday, May 11, 2020. On June 16, the Bitcoin network saw a large upwards difficulty adjustment making it much harder to mine bitcoins and slowing down the issuance rate because block generation has slowed
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Bitcoin has just posted its biggest mining difficulty increase in nearly 2.5 years. At around 17:00 UTC on Tuesday, the network adjusted its difficulty level – a measure of how hard it is for miners to compete for block rewards on the blockchain – to 15.78 trillion. The 14.95% rise is the biggest
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