1 / 2 Relevant items tagged with #Hashprice
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October Boosts Bitcoin Miners’ Revenue—But How Will the Election Shift the Market?
[Oct 18 12:33 PM] With bitcoin prices on the rise in October, miners are seeing a bit more cash in their pockets compared to the start of the month. The network’s hashprice, which represents the value of one petahash per second (PH/s) of hashpower, has…
Bitcoin Shatters All-Time Hashrate Record at 698 EH/s as Miners Defy Market Challenges
[Oct 10 6:30 PM] According to the latest network data, bitcoin’s computational power hit an all-time peak today on Oct. 10, 2024, reaching 698 exahash per second (EH/s). This new record surpasses the previous high of 693 EH/s, set on Sept. 8. Bitcoin’s Hashrate…
Bitcoin Hashrate Inches Closer to Record as Difficulty Rise Looms
[Oct 7 6:30 PM] Bitcoin’s hashrate has been climbing steadily, closing in on its peak of 693 exahash per second (EH/s) recorded on Sept. 8. At present, it’s cruising just shy of that record, clocking in at 680 EH/s. Block times have been quicker than the typical…
Hashprice Gains Give Bitcoin Miners a Much-Needed Boost After Sluggish Month
[Sep 29 6:30 PM] Bitcoin miners are finally catching a break after a sluggish September, with hashprice climbing 10.33% in the past 30 days. A solid 8.93% of that bump came within the last four days alone. Hashprice Jumps Nearly 9% in 4 Days: Bitcoin Miners Catch a…
The 5 Month Halving Hangover: Bitcoin Miners Continue to Face Revenue Struggles
Bitcoin’s Computational Power Falls 9.95% After Record Hashrate
[Sep 18 12:30 PM] Recent metrics reveal that after Bitcoin’s network hashrate reached an all-time high of 693 exahash per second (EH/s) and saw a 3.58% difficulty increase, its computational power decreased this week. In the nine days since this peak, the…
Bitcoin’s All-Time High Difficulty Challenges Miners as Revenue Falls
Compass Mining Energizes 3,000 Bitcoin Mining Rigs at Iowa Facility
[Sep 9 7:30 PM] Compass Mining has powered up 3,000 bitcoin mining machines at its newly partnered hosting facility in Iowa. The company also plans to install 1,000 more machines in September. Compass Mining Scales Iowa Facility The bitcoin mining operator Compass…
Bitcoin’s Hashrate Reaches 692 EH/s, Nearing 700 EH/s Milestone
[Sep 8 5:05 PM] After breaking the July 25, 2024 record on Saturday, Sept. 7, Bitcoin’s hashrate has kept climbing, now reaching an impressive 692.28 exahash per second (EH/s) on Sept. 8, which is more than 13 EH/s above the previous level. Bitcoin Smashes…
Bitcoin Hashrate Hits Record High as Prices Drop Below $55K
[Sep 7 5:50 PM] As bitcoin dipped below $55K this week, something quite interesting happened behind the scenes. On Sept. 7, 2024, the network’s computational power hit a new lifetime high. The seven-day simple moving average (SMA) for Bitcoin’s total hashrate…
Bitcoin miners see worst revenues in 11 months as difficulty climbs
[Sep 2 3:48 AM] August was the lowest revenue month for Bitcoin miners so far in 2024 and the worst revenue month since September last year.
Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Year’s Low
[Sep 1 4:20 PM] Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023. Onchain fees collected in August also dipped, reaching a low not seen since last year, with a $4.14 million drop…
Bitcoin hashprice slump echoes March 2020 BTC price launch zone
[Aug 30 10:48 AM] Bitcoin hashprice, when compared to BTC price action, is reminiscent of conditions that preceded the 2020 breakout to new all-time highs.
Bitcoin’s Latest Difficulty Rise Challenges Miners Already Facing Revenue Slump
[Aug 29 1:30 PM] On Aug. 28, Bitcoin’s mining difficulty bumped up by 2.99% at block height 858,816, pushing the metric from 86.87 trillion to a hefty 89.47 trillion. This tweak adds a bit more challenge for bitcoin miners, especially with hashprice values…
Bitcoin pinned below $60K — Is BTC consolidating or preparing for more downside?
[Aug 19 8:20 PM] Institutional spot Bitcoin ETF outflows and lowered Bitcoin miner profitability could be driving the current price drop
Hashrate Climbs 25 EH/s in 8 Days as Bitcoin Miners Adjust to Network Difficulty Reduction
Tough Times for Bitcoin Miners: First Half of August Yields Just a Fraction of July’s Profits
Bitcoin Difficulty Reduction Incoming? Miners Brace for a Major Shift on Aug. 14
Bitcoin Mining Profits Crushed by Record Difficulty and Historic Hashprice Drop
[Aug 7 6:40 PM] On Aug. 7, 2024, bitcoin’s price moved within a 24-hour range between $55,742 and $57,607. This lower price bracket has significantly reduced bitcoin mining revenue, causing the estimated daily value of 1 petahash per second (PH/s), also…
Bitcoin Network Faces Toughest Mining Difficulty Increase Since 2022
[Jul 31 12:44 PM] The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the metric to a record 90.67 trillion. This heightened challenge, combined with falling bitcoin prices, is…
Bitcoin 7-Day Hashrate Average Hits Record 677 EH/s, Surpassing May 25 High
[Jul 28 9:12 AM] According to recent data, bitcoin’s total hashrate achieved a record high this week, based on the seven-day simple moving average (SMA). On July 25, the hashrate, measured by the seven-day SMA, reached 677 exahash per second (EH/s), surpassing the…
Average Onchain Bitcoin Fees Drop Below $2, Lowest in Over 250 Days
[Jul 14 11:19 AM] Since July 1, the average transaction fee on the Bitcoin blockchain has remained below $2, with current onchain fees at 15.5 satoshis per virtual byte (sat/vB), translating to $1.54 per transfer. Bitcoin Fees Hit 10-Month Low Onchain Bitcoin fees…
Bitcoin Network Sees Second Largest Difficulty Reduction of 2024
[Jul 7 11:21 AM] On July 4, 2024, the Bitcoin network experienced its second-largest difficulty reduction since the year’s start. The mining difficulty decreased by 5%, falling from 83.67 trillion to 79.5 trillion. Second Major Difficulty Reduction of the…
Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low
Bitcoin Miners’ June Revenue Dips Slightly Below May
[Jul 1 9:15 AM] The revenue generated by bitcoin miners slightly declined in June, totaling $963.67 million, down from May’s $964.24 million. Additionally, the hashprice, or the expected value of one petahash per second (PH/s) of hashpower, decreased from…
Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall
[Jun 29 11:03 AM] With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per…
‘Survival games’ as Bitcoin hash price skirts near all-time low
[Jun 24 10:41 PM] Despite the hash price crash, most Bitcoin mining machines remain profitable for the time being.
Competitive Pressure Builds for Bitcoin Miners as Hashprice Swings
[Jun 13 10:20 AM] Bitcoin’s hashrate experienced an uptick this week, briefly surpassing 600 exahash per second (EH/s) and currently stabilizing at 598 EH/s. The hashprice, which represents the expected value of 1 petahash per second (PH/s) of hashing power…
Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice
[Jun 9 11:27 AM] Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in…