Bitcoin Blockchain and Cryptocurrency News Center
Many BTC miners are in a tough spot and a few could collapse, but experts say the industry is here to stay, the Cointelegraph writes. Bitcoin mining involves a delicate balance between multiple moving parts. Miners already have to face capital and operational costs, unexpected repairs, product shipping delays and unexpected regulation that can vary […]
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 […]
During the last 90 days, Bitcoin’s hashrate has been climbing higher and has been slowly nearing the all-time high (ATH) the network captured six months ago in May. The accelerated hashrate has caused the network difficulty to rise, as Bitcoin’s mining difficulty has adjusted upward nine times in a row to date and it’s closing […]
Data shows anonymous entities becoming an ever larger force on the Bitcoin mining scene this year and last. Bitcoin (BTC) has become considerably more decentralized in the past year, one metric suggests — and the trend is growing. According to data from on-chain data resource Blockchain.com, hash rate distribution is increasingly favoring small, unknown miners. Small […]
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 […]
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 […]
Nasdaq-listed cryptocurrency mining machine maker Canaan Creative (CAN) has rocketed 27% Tuesday morning as bitcoin hit a new all-time high, the CoinDesk reported. Canaan is currently trading at $16.55, up from its Friday close of $13.04, according to TradingView. The company has gained nearly 250% month-to-date outpacing the rise in the cryptocurrency its machines mine. […]
Interest in Bitcoin “double-spending” grew after recent news that the Bitcoin network processed the same bitcoin (BTC) in two transactions – the very “double-spending” scenario Bitcoin was specifically designed to prevent. Except the double-spend didn’t happen, at least not in the traditional sense. “The bitcoin ‘double-spend’ media headline has certainly spooked investors, but it’s a misunderstanding of […]
Bitcoin mining revenue has topped $20 million per day, its highest level this year, the Cointelegraph writes. Key on-chain metrics such as Bitcoin (BTC) mining revenues have returned to pre-halving levels, according to recent research. Data from analytics provider Glassnode suggests that revenue from Bitcoin mining is now back at the same levels it was […]
Mining with home rigs is back, so here’s what those interested need to know to put together their own rig at home. In a time of global crisis, a pandemic, and a generally unstable political and social environment, cryptocurrencies have shown remarkable stability. Moreover, the pandemic-induced economic downturn played into the hands of the industry […]