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 More
Rate
Ethereum’s Adoption Rate After 5 Years Far Exceeds Bitcoin’s
One key metric suggests that Ethereum (ETH) has enjoyed a much faster rate of adoption and growth in the first five years of existence than Bitcoin (BTC).Comparing the total number of addresses after n days for both Bitcoin and Ethereum. Source: Cryptox, Glassnode, Etherscan.We compared the total number of addresses
Read More
Binance Pool Poised to Grab More Bitcoin Mining Hash Rate in Russia
Binance 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 More
Bitcoin’s Rising Hash Rate Shows Confidence in Fiat is “Collapsing”
Bitcoin’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 More
Bitcoin Miner Death Spiral Cancelled as Hash Rate Sets New All Time High
Following 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 More
DeFi Effect: Unique Ethereum Address Growth Rate Twice That of Bitcoin
According to data from blockchain analytics website Messari, the number of unique Ethereum wallet addresses has grown nearly twice the rate of Bitcoin’s since the beginning of 2020. Reasons Behind the Growing ETH Addresses The growth in the number of active Ethereum addresses has eclipsed that of Bitcoin throughout 2020. Per data
Read More
Following Bitcoin’s Hash Rate, Network Difficulty Is About to Set a New High
Just 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 More
What Death Spiral? Bitcoin Hash Rate Surges to Fresh All-Time High
After 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 More
US Hash Rate War With Iran Can Send Bitcoin Price to $500K
Bitcoin (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 More
Bitcoin Difficulty Sees Two-Year Record Surge as Hash Rate Mimics 2017
The 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