Tag: mining difficulty

Dec 06 2022

Miners finally see some relief as difficulty decreases 7.32%, making it the largest difficulty reduction in 2022

The crypto industry has always been highly volatile, but few could have predicted the turmoil it experienced in 2022. This year has been unprecedented for the industry, with every aspect affected by the collapse of Luna and FTX. Aside from retail investors who took considerable losses in these black swan events, Bitcoin miners remain the ones this crisis affected the most. But it's...

Oct 26 2022

Mining Bitcoin Profitably Has Never Been Harder

Miners face an absolute bloodbath in their attempts to acquire bitcoin profitably as hash rate and electricity costs continue to rise while prices remain low.The below is a direct excerpt of Marty's Bent Issue #1275: "Miners are in a world of hurt." Sign up for the newsletter here....

Oct 10 2022

Research: Bitcoin mining difficulty adjusts over 13%, the highest since May 2021

The Bitcoin network has reached its all-time high in terms of hash rate, surpassing most projections. The network's total hash rate currently stands at 240 EH/s and is expected to increase even further. The current hash rate represents a 3x increase from the...

Sep 02 2022

Bitcoin’s Rising Difficulty Squeezes Miner Profitability

After a major difficulty adjustment rise, hash price heads for new lows as miners’ profitability gets squeezed....

Jul 28 2022

Declining Bitcoin Mining Difficulty May Give Struggling Miners A Fighting Chance

Bitcoin miners have been seeing their limits tested with the decline in profitability due to the declining prices. The increase in mining difficulty had also contributed to this as more competition meant the miners had to put up a tougher fight and run for longer to find a block. It had led to some dire circumstances for the miners, who were finding it...

Jul 22 2022

Three Bitcoin Mining Downward Difficulty Adjustments In A Row

This will be the third mining difficulty downward adjustment in a row with four downward adjustments over the course of the last five difficulty epochs.The below is a direct excerpt of Marty's Bent Issue #1240: “Another downward difficulty adjustment is on the way.” Sign up for the newsletter...

Apr 28 2022

Bitcoin Hash Rate, Mining Difficulty Hit New All-Time Highs

Bitcoin network’s hash rate and mining difficulty have both made new all-time highs while price keeps constrained in a choppy range.The Bitcoin hash rate and mining difficulty have both touched new highs amid a choppy month for price. The Bitcoin network now performs an average of 223.20 exahashes per second (EH/s), according to data from Coin...

Dec 08 2021

Bitcoin Is Approaching Hash Rate All-Time Highs

If the recent trend in Bitcoin network hash rate continues, we should see new all-time highs by the end of the year.The below is a direct excerpt of Marty's Bent Issue #1124: "Approaching hashrate all time highs." Sign up for the newsletter here....

Dec 04 2021

The Coercion Of Ethereum's Difficulty Bomb

The perpetual Ethereum difficulty bomb is evidence that blockchains can be coercive, and Bitcoin is evidence that they don’t have to be.Can open-source blockchains be coercive? In a recent debate between Erik Vorhees and Alex Gladstein, Vorhees asserted that “there is nothing in Ethereum that is based on coercion, period.” Vorhees went on to clarify:...

Sep 22 2021

Ethereum Price Retests Key Resistance Level as Aided by These Two Fundamentals

Sep 22 2021 Published at Coingape under tags  altcoin news btcbusd btcdai btcgbp btcjpy

This week has not been exceptionally pleasant for Ethereum (ETH) investors as the digital currency has trailed the global digital currency industry in an unprecedented free fall. The cryptocurrency continued on its free fall which began last Friday as it started Monday around a price of $3,310.21. Ether soon fell to its lowest price point The post Ethereum Price Retests Key Resistance Level...

Aug 25 2021

Bitcoin Mining Difficulty Surges 13.24% as Miners Returns to Duty

Aug 25 2021 Published at Coingape under tags  bitcoin bitcoin mining mining difficulty news

The mining difficulty in the Bitcoin network has soared to its highest point for the first time in 4 weeks. According to data from Coinwarz, the current Bitcoin difficulty is 17.62 T at block 697,571, resulting in a Bitcoin mining difficulty increase of 13.24 % in the last 24 hours. The current surge is the The post Bitcoin Mining Difficulty Surges 13.24% as...

Aug 13 2021

Bitcoin Difficulty Hit its Highest Level Since July Downturn

The Bitcoin network has inked its highest difficulty level in more than a month, a move that suggests mining activities on the blockchain is regaining its momentum. The network’s difficulty level is readjusted every 2 weeks or at the attainment of the 2,016 blocks and as of early this morning, the difficulty is up 7.3% The post Bitcoin Difficulty Hit its Highest Level...

Aug 06 2021

Why (And How) You Can Mine Bitcoin At Home

Recent events in the Bitcoin mining industry demonstrate that mining non-KYC bitcoin at home is a viable option for many. Here’s how.This article focuses on establishing a timeline of recent mining-related events, the economics of mining at home for the average U.S. resident, some speculation on the economical future limits and some steps you can take to start mining non-KYC bitcoin at...

Jul 21 2021

Miners Are Thriving Despite The Bitcoin Price Action

With a falling bitcoin price and mining difficulty, miners have accumulated 3,785 bitcoin over the last month.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...

Jun 29 2021

Bitcoin Has Hit A Historically-Slow Average Block Time

Over the weekend, the average block time on the Bitcoin network hit its highest average since 2009.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....

Jun 26 2021

Is The Largest Difficulty Adjustment In Bitcoin’s History Incoming?

The Bitcoin network faces its largest difficulty adjustment of all time.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.At the time of writing,...

Jun 22 2021

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 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...

May 13 2021

Bitcoin Mining Difficulty Hits All-Time High As Second Taproot Signaling Period Begins

The start of a new Bitcoin difficulty adjustment window brought a major increase and a new Taproot signaling period with 63% green blocks.Bitcoin mining difficulty hit an all-time high after increasing by 21.5% today, according to data from Glassnode. It was the largest...

Mar 20 2021

Ethereum Mining Difficulty Registers a New As ETH Price Targets New ATH of $2500

Mar 20 2021 Published at Coingape under tags  altcoin news eth ath ethaud ethbkrw ethbrl

Ethereum network's mining difficulty peaked to a new...

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