Tag: hash rate

Jul 30 2021

What Caused This Mid-Cycle Bitcoin Price Correction

Factors ranging from regulation in China to the Taproot protocol upgrade were driving bitcoin price charts to a decisive point for weeks.The bitcoin price rallied last week, but the move did not come out of the blue. While some people attributed the spike in price to the fake news about Amazon...

Jul 09 2021

We Need To Talk About The NOT Science Behind Digiconomist

The lack of factual information utilized in reports by the publication is alarming and misleading. This is part two in an ongoing series taking a look at the electricity consumption and environmental impact of...

Jun 23 2021

Chinese Crackdown: Bitmain Stops Rig Sales, Exodus Ensues, Hash Rate Declines

China's bitcoin mining crackdown has led to Bitmain halting mining rig sales, exodus of miners and decline in the hash rate.Bitmain Technologies, the world's largest manufacturer of bitcoin mining rigs, is halting global spot sales of its machines to aid the secondhand market for rigs in China, according to...

Jun 22 2021

Bitcoin Fundamental Tool Produces Worst Reading Since the Bull Run Began

Bitcoin has given the worst Puell Multiple since this bull run began. The coin has been on a downward spiral lately. News of crackdowns out of China. Miners having to find alternate locations for their activities. Mining facilities are airlifting their mining rigs out of China to the U.S. China also issued a ban on...

What The Hash Rate Free Fall Means For The Bitcoin Market

Since the beginning of May, the Bitcoin network has fallen by approximately 29.6%.The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.In last...

May 28 2021

Using Hash Rate To Examine Bitcoin Price Dips

The bitcoin mining industry undergoes various capitulations upon the halving of block rewards, affecting bitcoin’s price.Mimesis Capital: Inside The Event Horizon, Report #17Why Hash Ribbons Predict Local Bitcoin Bottoms So AccuratelyTheory: When the bitcoin price hits a certain level, selling pressure starts to exponentially disappear.Bitcoin mining is a ruthless industry. Over the long...

May 21 2021

How Are Bitcoin’s Hash Rate, Difficulty And Fees Related?

The three mechanics are an important part of understanding Bitcoin on a technical level.Learning Bitcoin With Charts: How Are Hash Rate, Difficulty And Fees Related?Date: May 15, 2021Bitcoin’s difficulty adjustment mechanism is one of its most important aspects, but learning how it works can be a daunting task. This article leverages on-chain data to visualize how this mechanism works and...

Apr 21 2021

Apr 20 2021

Despite Hash Rate Drop, Surge In Transaction Fees, Bitcoin Is Resilient

A recent plummet in hash rate and spike in transaction fees has raised some questions about Bitcoin’s resilience. But they shouldn’t.Over the weekend, the Bitcoin hash rate dropped off a cliff, leaving many industry participants wondering what had happened. Over the last couple of days, information and context has been provided by industry experts as to what was behind this steep fall...

Nov 03 2020

How Do Seasonal Fluctuations Really Affect Bitcoin Mining?

There has been much ado made recently over supposed seasonal mining fluctuations on the Bitcoin network. The narrative goes that, as the rainy season in China comes to a halt around the August to October timeframe each year, cheap and abundant hydroelectricity dries up. This forces many inefficient late-model miners to shut off or move elsewhere to find more affordable, accessible...

Oct 07 2020

Ethereum’s Hash Rate Sets Record Despite ETH Trading 75% Below All-Time High

Ethereum's price has stagnated over recent weeks. After peaking at $490 last month, the coin has dropped around 30% to $340 as of this article's writing. At the recent lows, ETH was trading as low as $310. Ethereum's hash rate has continued to march higher despite the price of ETH falling. This may be related to the extremely high transaction fees collected by...

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