Tag: bitcoin hashrate

Jan 29 2023

Data Shows 50% Of Bitcoin Hashrate Controlled By Two Mining Pools

Bitcoin hashrate is becoming highly centralized, with a few mining pools controlling most of the blockchain mining power. The latest data from Mempool indicates that 50% of the total hashrate is held by Foundry USA and Antpool. A Highly Centralized Mining Network Foundry USA has maintained a hashrate of over 30% of the total Bitcoin network for several...

Dec 16 2022

Bitcoin Hashrate Rebounds 11% Since Nov End, Can It Reach New ATH?

Data shows the Bitcoin mining hashrate has rebounded 11% since the November end lows; can the metric keep this up and set a new all-time high? Bitcoin Mining Hashrate Continues To Rise, Approaches ATH The "mining hashrate" is an indicator that measures the total amount of computing power currently connected to the Bitcoin blockchain. When this metric...

Nov 18 2022

Bitcoin Miner Hash Price Declines To New All-time Low

Data shows that the Bitcoin miner hash price has now declined to $58.3k per Exahash per day, a new all-time low for the metric. Bitcoin Miner Hash Price Has Continued To Trend Down Recently As per data from the on-chain market intelligence firm Glassnode, miners have remained under extreme pressure in this drawdown. The "miner hash price" is an...

Nov 03 2022

Marathon Increased Its Bitcoin Hashrate By 84% In Oct, Mining A Record 615 BTC

Crypto miner Marathon Digital increased its Bitcoin hashrate by 84% in October, and mined a record 615 BTC during the month. Marathon Digital Brings 32k Bitcoin Mining Rigs Online, Raising Hashrate By 84% As per a press release from the public mining company, October 2022 was the most productive month in the history of the firm, in terms of both the hashrate and...

Oct 24 2022

Bitcoin Puell Multiple Continues Uptrend, Here’s What History Says Might Happen Next

On-chain data shows the Bitcoin Puell Multiple has been going up recently after having formed a possible bottom. Here's what history says could happen next for the crypto's price. Bitcoin Puell Multiple 100MA Has Bounced Off A Potential Cycle Bottom As pointed out by an analyst in a CryptoQuant post, BTC miners seem...

Oct 18 2022

What Is Fueling The Dramatic Rise In Bitcoin Hashrate?

Never mind the price, bitcoin’s hashrate keeps growing and growing. What does the phenomenon mean and why is it happening? Do miners know something we don’t? Or is something else going on behind the scenes? Those are the questions of the day in bitcoin and crypto circles. Our friends at Arcane Research recently took a crack at them in their The Weekly Update...

Oct 12 2022

Bitcoin Hashrate Breakout Leads To Largest Difficulty Adjustment In A Year, But Why?

Data shows the recent surge in the Bitcoin hashrate has now resulted in the largest difficulty adjustment to the network in over a year. Bitcoin Mining Difficulty Spikes Up Following ATH In Hashrate According to the latest weekly report from Arcane Research, the BTC block production rate reached a value of almost 7 recently after the hashrate surge. The "...

Oct 10 2022

Bitcoin Mining Difficulty Hits New ATH Jumping Over 13.5%

Data shows the Bitcoin mining difficulty has set a new all-time high after observing a 13.5% jump during the latest adjustment. Bitcoin Mining Difficulty Sees Highest Single Increase Since May 2021 According to data from BTC.com, the BTC mining difficulty now has a value of 35.61T after the adjustment today, marking a new ATH. An indicator that's relevant to the mining difficulty...

Oct 08 2022

Public Bitcoin Miners Plan To Grow Hashrate 50% By End Of 2022

Data shows the public Bitcoin mining companies have plans to expand their hashrate by around 50% by the end of the year, Public Bitcoin Miners To Add 27 EH/s To Their Hashrate In Remaining Part Of 2022 As per a post from Arcane Research, the combined hashrate of these miners will reach around 80.7 EH/s by the end of 2022, if expansions...

Oct 07 2022

Bitcoin Difficulty Adjustment Forecast Puts Miners At A Disadvantage

The bitcoin mining difficulty had dropped over the month of September, which led to a large increase in the bitcoin hashrate. It had hit a new all-time high and saw a high block production per hour. Now, miners are beginning to bring their new, more efficient mining machines only. This has led to forecasts that the mining difficulty is about to see a...

Oct 05 2022

Long Live Bitcoin: BTC Hashrate Records New All-Time Highs

Bitcoin lost almost 71% of its all-time high price of $69,044 hit in November last year, and trading at $20,100 as of this writing, according to data from CoinGecko. Here's a quick glance at Bitcoin's hashrate: BTC hashrate’s new all-time high is 158 exahash per second...

Aug 31 2022

Bitcoin On-Chain Activity Bleeds Despite Hashrate Growth

Bitcoin on-chain activity has been swinging between green and red for a while. This time around, though, after the price of bitcoin had suffered a tremendous loss, the on-chain activity has turned to the downside once more. The decline has cut across the majority of metrics, leading to as large as double-digit declines in some of them. Activity Stays Low The bitcoin on-chain...

Aug 18 2022

Why The Bitcoin Hashrate Has Barely Moved Since May

Data shows the Bitcoin mining hashrate has been moving sideways since five months now as the miners' revenues remain low. Bitcoin Mining Hashrate Hasn't Moved Much Since Five Months Ago According to the latest weekly report from Arcane Research, the BTC hashrate right now is at the same level as back in May of this year. The "mining hashrate" is an indicator that...

Aug 09 2022

Bitcoin Miner Revenue Slows Down As BTC Price Slumps Sideways

Data shows the growth in the Bitcoin miner revenues has slowed down during the past week as the price of the crypto has been moving sideways. Bitcoin Miner Revenues Rose During The Last Seven Days, But By Only 1.6% As per the latest weekly report from Arcane Research, the BTC miner revenues have now stagnated after observing some significant growth recently. Here is...

Jul 20 2022

Bitcoin Hashrate Downtrend Leads To Largest Negative Difficulty Adjustment In A Year

Data shows the recent Bitcoin hashrate downtrend has lead to the largest negative adjustment in the mining difficulty during the past year. Bitcoin Mining Difficulty Plunges Down As Hashrate Continues To Decline According to the latest weekly report from Arcane Research, Thursday will observe the largest mining difficulty drawdown since the July of 2021. The...

Jun 19 2022

Bitcoin Hashrate Slams Down After New ATH As Price Continues Struggle

Data shows the Bitcoin mining hashrate has already plunged down since the new all-time high as the crypto's price has continued to struggle. Bitcoin Weekly Hashrate Sharply Trends Downward The "mining hashrate" is an indicator that measures the total amount of computing power connected to the BTC network. When the value of this metric...

Jun 15 2022

Bitcoin Hashrate Shoots Up To New All-Time High Amid Crash

Data shows amid the panic of the crypto crash, the Bitcoin mining hashrate has gone flying to a new all-time high. Bitcoin Mining Hashrate Surges To New All- Time High As Price Crashes According to the latest weekly report from Arcane Research, the BTC miners' revenues continue to suffer as price crashes and competition becomes all-time high. The "...

Jun 01 2022

Bitcoin Hashrate Falls Down As Miner Revenues Stay Low

Data shows the Bitcoin mining hashrate has observed a fall during the month of May as miner revenues continue to stay low. Bitcoin Mining Hashrate Has Declined During The Last Month According to the latest weekly report from Arcane Research, the growth of the BTC hashrate that has lasted throughout 2022, has stopped in May. The "...

May 25 2022

Not So Great Wall: How China Failed Miserably To Ban Bitcoin Mining

The China ban on Bitcoin mining back in 2021 had one of the greatest impacts on the space. On the back of this, the price of the digital asset had gone on a massive downtrend as the hashrate out of the mining capital of the world had dropped to nearly zero. However, less than one year after the total ban was announced, mining...

May 17 2022

U.S. Is Winning Bitcoin Mining Race But China Still Not Out Of Picture: Report

China's underground Bitcoin mining hashrate contributes 22% to global mining hashrate as it increases by 3% in the three months leading to January, 2022 amidst government crackdown. Per data from a chart provided by Cambridge Bitcoin Electricity Data, mining hashrate seems to be on the increase in Mainland China despite the government crackdown on Bitcoin...

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