Tag: hashrate

Jul 29 2022

How Could Ethereum Classic (ETC) Perform Next Month? Here’s On-Chain Data

Jul 29 2022 Published at Coingape under tags  ethereum classic hashrate news

By surging massively in the last 24 hours, Ethereum Classic (ETC) is topping the list of trending cryptocurrencies on CoinMarketCap. In the last 24 hours, ETC went up 23.26%, taking the price to the range of $41. Not just the price increase, it appears that everything about ETC has been on the rise in the...

Jul 14 2022

Bitcoin hashrate plummets as Texas-based miners suspend operations

Jul 14 2022 Published at CryptoSlate under tags  bitcoin bitcoin mining hashrate mining texas

Bitcoin (BTC) hashrate dropped to as low as 159.41 exahashes per second (EH/s) on July 13, its lowest in five months, as Texas-based miners were forced to go offline. According to data from BTC.com, the 27% drop in hashrate is the largest since February 2022. Bitcoin hashrate, which signifies the network's...

May 12 2022

As Bitcoin Mining Difficulty Hits 5% ATH, Majority Of Miners Shift To Ethereum

The mining difficulty for Bitcoin (BTC) has reached an all-time high, reducing the already diminishing profit margins of miners. The new development could be catastrophic for crypto miners. As it also appears that the price of BTC is declining, Bitcoin miners may be going into a storm. According to data from btc.com, a company that monitors BTC mining performance, Bitcoin mining difficulty has...

Apr 07 2022

Can Bitcoin Hashrate Reach 300 EH/s By End Of 2022?

The Bitcoin hash rate has come a long way from the China crackdown that saw it fall by 50% in a matter of weeks. Its recovery has not only been swift but has been strong in the same regard. It continues to do well in terms of growth. However, with the growth has come expectations of where this metric might finish in the...

Mar 01 2022

Bitcoin Mining Pool Braiins Launches Ukrainian Hashrate Donation

Braiins has launched a hashrate donation account where users of a bitcoin mining pool can lend their resources and rewards to Ukrainian efforts.Braiins has opened a hashrate donation mining pool for Ukrainian non-governmental organization Return Alive Foundation. 10 BTC and 2.5 petahashes of hashrate were donated by Braiins to the initiative. $5.8 million in BTC has been donated to...

Feb 14 2022

Dec 24 2021

Marathon Digital To Purchase Record-breaking Amount of Bitcoin Miners As MARA Shares Goes 12% Up

According to an announcement made by Las Vegas-based firm Marathon Digital on Thursday, the firm may have just revealed its plans to purchase the largest ever single order of...

Dec 01 2021

Bitcoin Mining Stocks Beat BTC Two-To-One in 2021 ROI

Believe it or not, in 2021, Bitcoin mining stocks have outperformed the king of cryptocurrencies. This crowns the phenomenal year the whole Bitcoin industry has had. However, consider Arcane Research’s warning, “an investment in mining companies carries a much higher risk than an investment in bitcoin...

Oct 20 2021

Bye-Bye China FUD: US Takes Over Bitcoin Mining

China’s crackdown on bitcoin and crypto mining has been a pain point for the market this year. The country which had decided to excise its regions of bitcoin mining operations had caused major FUD which dragged the market down with it. Bitcoin price had staggered following the exodus of miners out of the country known for being the headquarters of mining. It has...

Aug 30 2021

The Bitcoin Hashrate "V-Shape" Recovery

Aug 30 2021 Published at Bitcoin Magazine under tags  bitcoin hashrate markets mining

Under three months after the Chinese state council banned bitcoin mining, hashrate has been picking up momentum with a V-shape recovery. ​The Bitcoin network's one-month implied hashrate saw almost four months of steady increases since the beginning of 2021, topping at 166 exahashes per second (EH/s) in April. Throughout that month and the next, it lateralized but started dropping sharply as June began....

Aug 13 2021

Antifragility: Bitcoin Hashrate Has Begun Recovering From Chinese Crackdown

Aug 13 2021 Published at Bitcoin Magazine under tags  bitcoin china hashrate markets mining

Once again, Bitcoin demonstrates why it is the best money, the people's money; China did ban mining, but it is finding a new home. ​Ever since China started instituting a nationwide crackdown on bitcoin mining, the country has been losing its spot as the industry's hotbed. As companies were ordered to pull the plug and probed from maintaining operations in the country, the...

Aug 10 2021

CleanSpark Acquires Second Data Center To Increase Bitcoin Mining Capacity

The software company that recently started mining bitcoin has purchased an 87,000 square foot data center to increase its mining capacity.CleanSpark, a software and services company that recently ventured into bitcoin mining, has announced the acquisition of an 87,000...

Jul 06 2021

A Miner Step Forward

Bitcoin mining is an important part of the network, as demonstrated by last week’s events.Last Week In Bitcoin is a series discussing the events of the previous week that occurred in the Bitcoin industry, covering all the important news and analysis.SummaryAs the fallout of China’s crypto crackdown continues, the effects of over half of the world’s bitcoin miners going offline...

Jun 10 2021

Bitcoin Miners Are Moving Out Of China

The bitcoin mining hub has slowly been losing its dominance in the global hash market.Over the past few weeks, Bitcoin markets have had to deal with a swarm of bad news coming out of China.It started with rumors that miners in Sichuan had gone offline after the province limited energy-intensive industrial...

Apr 20 2021

Why Bitcoin's Price Has Stayed Above $50,000

Apr 20 2021 Published at Bitcoin Magazine under tags  hashrate markets mining price

What we have learned about bitcoin after the unexpected hash rate drop reinforces the bullish narrative.Emiliano Grodzki is CEO and a founder at Bitfarms, one of the largest public bitcoin mining operations in the world.What We Learned From Bitcoin’s Hash Rate DropBitcoin has been riding high of late. Yet over the weekend, panic ensued following a significant drop in its...

Apr 16 2021

Bitcoin Crashes after Accident in Xinjiang, China Halts Mining Operation

Bitcoin's hashrate dropped 25% from all-time highs after an accident in the Xinjiang region's mining industry caused flooding and a gas explosion, leading to 12 deaths with 21 workers trapped since. Dangerous Mining in China...

Mar 28 2021

Feb 05 2021

What Does Hashrate Mean?

Miners must compete using their machines to solve a difficult mathematical problem.

Nov 11 2020

Bitcoin Hashrate Rebounds as Asian Miners Bring Machines Back Online

Nov 11 2020 Published at CoinDesk under tags  bitcoin mining f2pool hashrate luxor markets

After moving machines out of Sichuan, miners are bringing ASICs back online.

Sep 09 2020

Kazakhstan’s Government Invests $700 Million In Bitcoin Mining

On the 2nd of September, the newly appointed Kazakh minister of digital development, Bagdat Mussin, confirmed that his government was going to invest a high amount of money in Bitcoin mining. His predecessor Askar Zhumagaliyev had already addressed his country's ambitious $700 Million project. On the day he was sworn in, Mussin told...

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