Bitcoin Blockchain and Cryptocurrency News Center
The reduced difficulty allows Bitcoin miners to confirm transactions using lower resources, enabling smaller miners a fighting chance to earn the mining rewards. The difficulty in mining a block of Bitcoin (BTC) was reduced further by 5% to 27.693 trillion as network difficulty maintains its three-month-long downward streak ever since reaching an all-time high of 31.251 […]
While Bitcoin miners continue to pursue the last 2 million BTC into circulation, the overall network is well-positioned to attain greater resilience against vulnerabilities, the Cointelegraph writes. Reassuring its position as the most resilient blockchain network against attacks, the Bitcoin network recorded a new all-time high network difficulty for the second time this month in April […]
Bitcoin miners are celebrating the third break this year as their computational power increased due to a decrease of 1.26% in difficulty. This means that they will be able to mine more Bitcoins, and with it comes an endless supply of new coins. Miners also have another 108,160 blocks left until halving happens on or […]
Production costs for miners are around $34,000, and together with transaction fees, miners need not worry about another $40,000 support challenge on BTC/USD. The Bitcoin (BTC) mining business is bigger than ever at current price levels, and new data shows just how unlikely a mass miner sell-off really is. As noted by popular Twitter account @venturefounder on Jan. […]
On-chain data shows Bitcoin miner reserve is growing as miners are accumulating BTC. The Puell Multiple confirms that miners don’t want to sell at the current price level. Bitcoin Miner Reserves Grow To Highest Value For The Year As pointed out by a CryptoQuant post, BTC miner reserve has been going up as miners seem to […]
30-day statistics show that Bitcoin’s hashrate has jumped much higher since the price of bitcoin increased during the last month. While bitcoin’s price has risen by 53% over the last month, the hashpower securing the network has increased 110% from the 69 exahash per second (EH/s) low to today’s 145 EH/s. Bitcoin’s Hashrate Follows the […]
As the Cointelegraph announced, miners are returning to Bitcoin as difficulty drops and revenues reach all-time highs. Bitcoin (BTC) miners collected $60 million on a thirty-day average time frame as of May 5, showing the first signs of recovery after last month’s severe revenue drop that followed mass miner outages in China’s energy-rich provinces. In April, coal […]
Blockchain data shows bitcoin (BTC, -0.56%) miners are accumulating coins and adding to bullish pressures in the market for the first time since December. Analytics firm Glassnode’s miner position change metric, which gauges the 30-day change in the supply held in the miners’ addresses, recently turned positive in a sign of renewed holding by those responsible for making […]
Miners are back in accumulation mode, with 5,000 BTC added to Bitcoin’s unspent supply since the start of February, the Cointelegraph writes. Bitcoin miners are stashing away their coins for higher prices, with direct transfers from miners to exchanges plummeting nearly 40% since mid-March. Data from on-chain analytics provider Glassnode shows that miners’ BTC balances have […]
Bitcoin price is losing bullish momentum. Although it has still managed to hold above support at $55,000, after a failed attempt to clear the $60,000 resistance, the trend has been down over the last week (-6.6%). Jiang Zhuoer is the CEO of BTC.Top mining pool, he claimed things might continue to go south during the […]