8 / 8 Relevant items tagged with #Hashrate

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Luxor’s Hashrate Index 2022 Mining Year In Review Shows Bitcoin’s Resilience

[Jan 11, 2023 1:56 PM] Analysis shows that even though the mining industry saw major pressure this year, the network hashrate still grew immensely.Hashrate Index has released its 2022 Bitcoin Mining Year In Review, an extensive report on the mining industry and markets…

Bitcoin Hashrate Reaches All-Time High, Boost Could Lead to Record-Setting Difficulty Increase

[Jan 7, 2023 10:00 AM] During the first week of the new year, Bitcoin’s hashrate reached an all-time high (ATH) on Jan. 6, 2023, at block height 770,709. The network recorded a milestone of around 361.20 exahash per second (EH/s) on Friday, jumping more than 4%…

Declining Interest Leads to Poor Market Performance for Ethereum Proof-of-Work Forks

[Jan 3, 2023 12:30 PM] After transitioning from proof-of-work (PoW) to proof-of-stake (PoS), the Ethereum community saw the launch of two new PoW Ethereum forks: ethereumpow and ethereumfair. In the past four months, the value of both coins has dropped by 94.8% to 98.4%…

US will see new 'inflation spike' — 5 things to know in Bitcoin this week

[Jan 2, 2023 3:05 AM] Bitcoin starts 2023 with a whimper as volatility stays absent and BTC price tips favor fresh downside to come.

Rewind 2022: A crypto roundup of the year and stepping into 2023

[Jan 1, 2022 7:07 AM] While 2022 proved catastrophic for investors across traditional and crypto markets, the crypto ecosystem’s potential has shined through the cracks of inflation and centralized custody of assets.

Why The Bitcoin Mining Hashrate May Not Be Out Of The Woods Just Yet

[Dec 27, 2022 5:00 PM] The bitcoin mining hashrate took a sharp nosedive as a historical storm tore through multiple US states. This saw power grids consolidate power to be able to provide enough energy for residents to heat their homes and some mining operations had to…

Bitcoin mining pool BTC.com reports $3M cyberattack

[Dec 26, 2022 7:38 AM] BTC.com, the seventh-largest Bitcoin mining pool, said that its client fund services are unaffected by the recent $3 million cyberattack.

Bitcoin Miners Discovered 53,240 Blocks This Year, Foundry Led the Pack, Hashrate Tapped an All-Time High

[Dec 23, 2022 9:30 AM] As the new year approaches, more than a dozen bitcoin mining pools still dedicate a total of 238 exahash per second (EH/s) toward the Bitcoin blockchain in order to secure the network and reap mining rewards. Statistics indicate that the mining…

Ethereum Classic Hashrate Dumps Almost 50% In 3 Months, What About ETC?

[Dec 22, 2022 5:00 PM] Ethereum Classic saw its hashrate balloon when Ethereum finally moved to a proof of stake mechanism. The miners who were being kicked out of the network and could no longer use their machines had switched to others such as Ethereum Classic and…

Understanding Bitcoin Network Hash Rate Increases

[Dec 8, 2022 7:30 PM] The difficulty adjustment can decrease profits for miners as the difficulty increases just as newer, more efficient hardware is released.This is an opinion editorial by Alex, a bitcoin miner with Kaboomracks. It is important for individuals looking…

These Six Charts Show How Bitcoin Mining Is Enduring The Bear Market

[Dec 7, 2022 11:35 AM] Bear market history never repeats, but it often rhymes and these six datasets show how the bitcoin mining industry is faring today.Bitcoin mining companies continue struggling to survive the ongoing bear market. Dreams of outperforming bitcoin as a…

Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022

[Dec 6, 2022 12:30 AM] On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it will remain at this point for…

Riot Blockchain Announces Record High Hash Rate Capacity

[Dec 5, 2022 1:20 PM] Although hash rate capacity is at a record, mining conditions did lead to a relative underperformance in bitcoin received throughout the month.Riot Blockchain has released its unaudited production and operations updates for November 2022. According…

Litecoin Continues To Surge As Hash Rate Records New ATH – How About LTC Price?

[Dec 5, 2022 2:06 AM] Litecoin (LTC) was among the few bright spots for the crypto market which had to endure the negative effects of the collapse of the FTX exchange platform. In the midst of one of the worst implosions that the space has ever witnessed, LTC…

Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs

[Nov 30, 2022 2:30 PM] During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022, statistics show if miners paying for…

Bitcoin mining revenue lowest in two years, hash rate on the decline

[Nov 27, 2022 12:40 AM] The total Bitcoin mining revenue — block rewards and transaction fees — in U.S. dollars fell down to $11.67 million, a number last seen on Nov. 2, 2020, when Bitcoin’s trading price was around $13,500.

Iris Energy to cut mining hardware after defaulting on $108M loan

[Nov 21, 2022 10:08 PM] The Australian mining firm has had to unplug hardware that was producing "insufficient cash flow" to service its "debt financing obligations."

Bitcoin’s Mining Difficulty Taps a Lifetime High, Glassnode Says BTC Miners Remain ‘Under Immense Pressure’

[Nov 21, 2022 2:00 AM] On Sunday, Nov. 20, 2022, Bitcoin’s difficulty rise erased the recent 0.20% decline recorded two weeks ago, as the difficulty metric rose by 0.51% at block height 764,064. The increase on Sunday has pushed the difficulty rating to another…