7 / 9 Relevant items tagged with #HashRate

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Litecoin Surges in Value Amidst EDX Listing and Imminent Reward Halving, Enters Top Ten Rankings

[Jul 3, 2023 8:30 AM] During the past fortnight, the crypto asset litecoin (LTC) has surged over 40% against the U.S. dollar after the crypto exchange EDX announced the listing of LTC alongside three other prominent digital currencies. Additionally, Litecoin is on the…

June 2023 Mining Stats: Bitcoin Hashrate and Difficulty Reach New Peaks While Revenue Lags

[Jul 1, 2023 10:30 PM] Over the past 30 days, bitcoin miners discovered 4,324 block rewards during the month of June, with approximately 37 mining pools dedicating hashrate to the blockchain. The blockchain achieved two milestones in June, as the network reached an…

Bitcoin Cash Hashrate Gains Momentum: Miners Flock to BCH as Profitability Surges 

[Jun 30, 2023 11:30 AM] Over the past two weeks, bitcoin cash has experienced a significant surge, increasing 182% against the U.S. dollar and attracting more hashrate to its network. Approximately 22 bitcoin cash mining pools are now allocating SHA256 hashrate to the…

Cleanspark Expands Bitcoin Operations With Acquisition of Georgia Facilities in All-Cash Deal

[Jun 21, 2023 5:30 PM] Cleanspark, a publicly listed bitcoin miner, has announced that it has entered into definitive agreements to acquire two turnkey bitcoin facilities in Dalton, Georgia. The deal will be an all-cash payment of $9.3 million and is expected to increase…

Bitcoin Network Gears Up for Fourth Surge in Mining Difficulty Amid Record Highs and Unwavering Miners

[Jun 19, 2023 8:30 AM] The Bitcoin network has witnessed a consecutive surge in mining difficulty during the past three retargets, and now a fourth increase is slated for June 27, 2023. The block generation time, averaging less than ten minutes, indicates that the…

Bitcoin Mining Difficulty Reaches Unprecedented Highs Amidst Challenging Market Conditions

[Jun 14, 2023 8:00 AM] On Wednesday, June 14, 2023, at block height 794,304, the Bitcoin network recorded its third consecutive mining difficulty increase since May 18. The mining difficulty climbed by 2.18%, bringing the overall difficulty to another unprecedented high…

Bitcoin on-chain data shows miners offloading BTC as revenues shrink

[Jun 12, 2023 2:30 PM] Bitcoin miners have been selling BTC since the start of June, potentially adding further pressure to the BTC price.

Bitcoin Is Becoming Greener At An Unexpected Pace, Good For BTC Price?

[Jun 2, 2023 2:00 PM] Bitcoin, the world’s most valuable cryptocurrency, is going green, and the pace at which the network has reduced its carbon emissions in the past three years has been noted by climate activists. Nonetheless, how this could impact BTC prices and…

Bitcoin mining firms keep building despite BTC mining profitability slump

[Jun 1, 2023 11:05 PM] Crypto mining firm CleanSpark has been aggressively expanding its fleet of mining machines this year, despite mining profitability being far from its all-time highs.

Cleanspark Bolsters Hashrate With $40.5M Purchase of 12,500 Bitcoin Miners

[Jun 1, 2023 1:30 PM] On June 1, 2023, Cleanspark, a publicly-traded bitcoin mining company, declared the acquisition of 12,500 Antminer S19 XP bitcoin miners for $40.5 million. The purchase is expected to raise Cleanspark’s hashrate by an extra 1.76 exahash per…

Bitcoin Mining Difficulty Surpasses 50 Trillion for the First Time, Reaching a Record 51.23 Trillion

[May 31, 2023 3:30 PM] On Wednesday, Bitcoin reached a new milestone as its mining difficulty increased by 3.4% at block height 792,288, setting a fresh record. The difficulty level surpassed the 50 trillion mark for the first time in Bitcoin’s history, hitting an…

Bitcoin Mining Difficulty Poised to Break 50 Trillion Barrier, May 31 Projection Shows

[May 26, 2023 12:00 PM] Despite an upswing in mining difficulty on May 18, current data projects Bitcoin’s mining difficulty to see a further escalation on May 31, 2023—potentially jumping between 1.1% and 2.51%. Bitcoin’s Difficulty Nears 50 Trillion…

Introducing The Rolling-Block Method: A New Way To Forecast Bitcoin Mining Difficulty

[May 25, 2023 6:00 AM] Since Bitcoin’s inception, network difficulty has grown from 1 to as much as 48.71 trillion hashes that a miner would theoretically need to generate to find the winning one. This means it is 48.71 trillion times harder to mine a Bitcoin block today…

Bitcoin Mining Gets Tougher as Network Difficulty Reaches New Peak

[May 19, 2023 8:30 AM] On May 18, 2023, at block height 790,272, Bitcoin’s difficulty reached an all-time high after rising 3.22% on Thursday. The network’s difficulty is now at an impressive 49.55 trillion, or 0.90% away from 50 trillion hashes, making it…

Despite Transfers Lingering in the Mempool, Bitcoin’s Daily Transaction Rate Taps All-Time High

[May 15, 2023 9:32 PM] Bitcoin is on a roll in 2023, breaking records left and right. For instance, on May 2, at block height 787,895, the cryptocurrency’s hashrate soared to 491 exahash per second (EH/s). Moreover, on April 20, at block height 786,240, the…

Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say

[May 7, 2023 10:30 PM] Increasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe. Under such a scenario, Russia has what it takes to…

Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector

[May 5, 2023 5:30 PM] The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy…

Stronghold Digital Partners With Canaan Subsidiary to Boost Bitcoin Mining Capacity by 400 PH/s

[May 5, 2023 5:30 AM] Stronghold Digital, a leading Bitcoin mining firm, announced the company has entered into a two-year hosting agreement with Cantaloupe Digital LLC, a subsidiary of the bitcoin application-specific integrated circuit (ASIC) manufacturer, Canaan…

Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases

[May 4, 2023 11:30 AM] Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge. However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45%…

Bitcoin Hashrate Reaches All-Time High of 491 EH/s, Close to Half a Zettahash, as Network Preps for Next Difficulty Change

[May 2, 2023 10:00 AM] While the next difficulty change for Bitcoin is just two days away, the network’s hashrate soared to unprecedented heights, reaching 491.15 exahash per second (EH/s) on May 02, 2023, at block height 787,895. This staggering amount of…

Bitcoin metrics to the moon: ATH for hash rate, daily transactions and Ordinals

[May 2, 2023 6:02 AM] While the Bitcoin hash rate briefly touches new highs, Bitcoin Ordinals contribute to daily transactions exceeding 500,000.

Bitcoin hash rates threaten blockchain decentralization

[May 1, 2023 4:54 PM] The blockchain industry is facing a massive power imbalance — just like the traditional finance industry.

Bitcoin Miners Contend With Fifth Network Difficulty Increase of 2023

[Apr 20, 2023 12:30 PM] Bitcoin miners are contending with the fifth network difficulty increase since February 24, 2023, following a 1.72% rise on April 20 at block height 786,240. The network’s difficulty now stands at 48.71 trillion, marking a 22.62% increase…

Forget BTC price: The Bitcoin mining boom is quietly going parabolic

[Apr 19, 2023 5:15 AM] Bitcoin difficulty and hash rate stop at nothing in their quest to surge to new levels never seen before.

BTC price heading under $30K? 5 things to know in Bitcoin this week

[Apr 17, 2023 2:33 AM] Bitcoin faces a battle for key BTC price support to start the week, while market participants stay optimistic about trend continuation.

Bitcoin Miner Bitdeer Technologies to List on Nasdaq via SPAC Deal

[Apr 13, 2023 1:30 AM] According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Bitdeer Technologies Holdings, a digital mining firm founded by crypto-billionaire Jihan Wu in 2018, plans to be listed on Nasdaq this Friday. The bitcoin mining…

Bitcoin Difficulty Reaches New All-Time High After Fourth Consecutive Increase

[Apr 6, 2023 9:30 PM] On April 6, 2023, Bitcoin’s difficulty rose 2.23% higher at block height 784,224, touching another all-time high. It’s the fourth consecutive difficulty increase on the Bitcoin network since Feb. 24, and the protocol’s current…

Marathon Digital posts quarterly record of 2,195 Bitcoin mined in Q1

[Apr 4, 2023 7:08 PM] With a new quarterly production record, Marathon Digital is now on track to meet its mid-year target of 23 exahashes.

What Explains The Recent Uptick In Bitcoin Network Hash Rate?

[Mar 31, 2023 10:16 AM] The massive growth in hash rate has some speculating on who’s behind such a sizable increase, plus an update of public bitcoin miners. The article below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine's premium markets…

Bitcoin Halving Approaches: Less Than 400 Days Until Block Reward Subsidy Is Cut in Half

[Mar 29, 2023 8:30 AM] According to current statistics, the Bitcoin network is fewer than 56,000 blocks away and less than 400 days away from the next reward halving. After the next halving, the block reward will be reduced by 50%, and the current block subsidy of 6.25…