4 / 9 Relevant items tagged with #Hashrate
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Marathon Digital Reports Increase in Hashrate, Holds 18,536 BTC
[Jul 3, 2024 11:20 AM] Marathon Digital Holdings, Inc. released its unaudited bitcoin production and miner installation updates for June 2024. The company’s operational hashrate increased slightly, and its bitcoin holdings reached 18,536 BTC. Marathon Digital…
Coinmetrics Report: Bitcoin Mining Faces Turbulence in Q2 2024
[Jul 2, 2024 1:35 PM] Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a…
Bitfarms mined 21% more Bitcoin in June amid Riot takeover attempts
[Jul 1, 2024 5:49 PM] Bitfarms increased its online hashrate to 10.4 exahashes per second in June, marking a 39% month-on-month increase.
Bitcoin Analyst Says Coin Overvalued: Why Is This BTC Chart Super Bullish?
[Jul 1, 2024 4:00 PM] Bitcoin is trending higher at spot rates, breaching $63,000 on June 30 before recoiling. Even though momentum is building, the action of the coin’s price is a source of debate. Still, some are doubtful, thinking there is reason for a possible…
Bitcoin hashrate drawdown reaches December 2022 levels
[Jul 1, 2024 3:39 PM] This metric can be used to spot relative bottom points in the market price of Bitcoin and signal potential accumulation opportunities.
Bitcoin Miners’ June Revenue Dips Slightly Below May
[Jul 1, 2024 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, 2024 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, 2024 10:41 PM] Despite the hash price crash, most Bitcoin mining machines remain profitable for the time being.
Bitcoin miner reserves drop to lowest in 14 years
[Jun 20, 2024 2:46 AM] Miners are holding the least Bitcoin on their balance sheets since February 2010, but the fiat value of their reserves is hovering around an all-time high.
Cleanspark Acquires 5 Bitcoin Mining Facilities in Georgia for $25.8 Million
[Jun 18, 2024 9:10 AM] Cleanspark Inc. has announced the acquisition of five new bitcoin mining facilities in Georgia for $25.8 million. The deal is expected to close immediately, increasing the company’s operating hashrate to over 20 EH/s by the end of the month…
Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures
[Jun 18, 2024 5:30 AM] In the last three days, bitcoin miners have experienced an 8.4% drop in profits, echoing a decrease in bitcoin prices. Since then, the network’s hashrate has fallen below the 600 exahash per second (EH/s) mark. Price Drop Squeezes Bitcoin…
Bitcoin breaks 18-month hashrate uptrend: Are BTC miners capitulating?
[Jun 14, 2024 5:32 AM] Despite the drop in hashrate, Bitcoin miner selling isn’t correlated with the BTC price drop from $71,100 to $66,000.
3 Bitcoin Mining Pools Wield 69% of Total Hashrate Discovering 301 Blocks in 72 Hours
[Jun 4, 2024 11:13 AM] Figures reveal that over the preceding 72 hours, three bitcoin mining pools discovered more than 69% of the 436 blocks found during that period. Foundry USA and Antpool, two industry titans, command a formidable 55.5% of Bitcoin’s total…
Halving full effect: Bitfarms crypto mining revenue falls 42% in May
[Jun 3, 2024 5:25 PM] The Bitcoin mining firm also blamed “unusually cold temperatures” at its Rio Cuarto facility in Argentina for the fall in Bitcoin production.
Bitcoin Mining Power Wanes — Network Hashrate Drops Below 600 EH/s
[Jun 3, 2024 8:15 AM] Bitcoin’s hashrate has once again dipped below the 600 exahash per second (EH/s) threshold, following a brief increase in computational power on May 26. Since then, the seven-day simple moving average (SMA) shows that the network has…
Bitcoin Miners See 46.15% Revenue Drop in May, Lowest Since October 2023
[Jun 1, 2024 12:21 PM] After two consecutive months of record-breaking revenue, bitcoin miners experienced a significant downturn in earnings in May, a level not seen since October 2023. In April, miners generated $1.79 billion, whereas May’s figures show a…
May Shatters Bitcoin Transaction Records, Highlighting a Year of Unparalleled Achievements
[May 31, 2024 7:31 AM] According to recent data, May has set new records for milestones within the Bitcoin network. Following the record-breaking number of transactions confirmed on April 23, four of the top five days with the highest transaction counts settled on the…
Luxor and Bitnomial launch Bitcoin mining derivatives product
[May 28, 2024 9:45 PM] The new crypto derivatives product allows investors to speculate on future hashrates and hashprices.
Bitcoin Hashrate Hits Record High, Surpasses Pre-Halving Levels
Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704
Red Alert For Bitcoin: Network Hashrate Takes A 20% Dive
[May 16, 2024 9:00 AM] The post-halving world of Bitcoin continues to throw curveballs. After a hashrate surge to celebrate the block reward reduction in April, Bitcoin’s computational power has taken a nosedive, dropping 20% in recent weeks. This unexpected…
Bitcoin hash rate dips as miners turn off unprofitable ASICs post-halving
[May 14, 2024 3:53 AM] Despite the recent block reward halving, only the profitability of Bitcoin miners with less efficient mining rigs is endangered, according to Terawulf's Nazar Khan.
Bitcoin Mining Difficulty Slumped Last Week in Biggest Decline Since Crypto Winter: Bernstein
[May 13, 2024 5:57 AM] Lower cost miners have increased market share since the bitcoin halving event, the report said.
Bitcoin Network Adjusts to Lower Fees and Reduced Hashrate After Latest Halving
[May 11, 2024 9:22 AM] Based on the three-day simple moving average, Bitcoin’s hashrate has continued its downward trend, registering at about 550 exahash per second (EH/s). Following the halving, onchain costs have decreased significantly, with data indicating…
Bitcoin Advocate Says ASIC Devices’ Inflexibility Makes AI Involvement Unlikely for Bitcoin Miners
[May 10, 2024 2:41 AM] According to Joe Downie, the chief marketing officer at Nicehash, bitcoin miners struggling to stay afloat after the halving are unlikely to support or become involved with artificial intelligence (AI). This is because their application-specific…
Canaan Launches Upgraded Version of Its Avalon A15 Series Bitcoin Miner
[May 9, 2024 9:29 PM] Canaan Inc. has launched the Avalon A15 series, with the new product being the A1566 model. This upgraded bitcoin mining machine incorporates Canaan’s most advanced technology. The A1566 model sets a new performance benchmark with an…
Post-Halving, Bitcoin Difficulty Drops Significantly; Hashrate Dips Below 600 EH/s
[May 9, 2024 7:25 AM] The Bitcoin network experienced its second difficulty adjustment post-halving and the most significant reduction this year. Additionally, the network’s total hashrate fell below the 600 exahash per second (EH/s) mark for the first time since…
Hut 8’s Bitcoin Mining Output Drops 36% to 148 BTC in April
[May 8, 2024 5:22 AM] North American bitcoin miner, Hut 8, said it mined 148 bitcoins, or 36% coins less in April than it did in March. Hut 8 primarily attributes the decrease in the number of mined bitcoins to the relocation of its proprietary miners, which were…
Bitcoin mining revenue hits post-halving yearly low
[May 6, 2024 2:16 AM] Daily revenue from Bitcoin mining dropped to under $3 million from the previous daily average of roughly $6 million in the first four months of 2024.