Tag: hashrate

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...

Jul 16 2020

Introducing Hashrate Index, An Online Tool For Bitcoin Mining Transparency

The success of Bitcoin ultimately depends on the health of its mining industry. Bitcoin mining is central to transaction validation, the prevention of double spending and the hard cap on the bitcoin supply — basically, the things that make Bitcoin the revolutionary technology that it is. And Bitcoin mining has evolved dramatically since it was first introduced. Today, a large portion of the...

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