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Category: SHA-256
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As China Cracks Down on Bitcoin Miners, Stealth Miners and Mystery Hashrate Return
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Bitcoin Mining Investment Strong – BTC Hashrate Surpasses All-Time High
On Monday, March 2, miners processing blocks on the BTC network surpassed the network’s all-time high as the overall hashrate touched 136 exahash (EH/s). The record-breaking achievement happened despite the price of BTC dropping below the $9K region throughout the course of the last week. In four years’ time, BTC’s hashrate has risen over 13,500% […]
The post Bitcoin Mining Investment Strong – BTC Hashrate Surpasses All-Time High appeared first on Bitcoin News.
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BTC’s Hashrate Touches 120 Exahash, But the Price Has Not Followed
On January 1, the BTC network hashrate touched an all-time high at close to 120 exahash per second (EH/s). Despite the crypto market lull and lower BTC prices, the 2020 milestone happened just before the blockchain’s 11th anniversary. BTC’s curious jump in hashrate has the cryptosphere wondering whether or not the price truly follows hashpower. […]
The post BTC’s Hashrate Touches 120 Exahash, But the Price Has Not Followed appeared first on Bitcoin News.
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Video Shows $10M Chinese Bitcoin Mining Farm in Flames
During the early morning hours of September 30, a nine-minute video circulated on Twitter showing a large bitcoin mining farm burning down. Sources say the mining farm belonged to the company Innosilicon and roughly $10 million worth of mining rigs were destroyed. Also Read: Central Banks in Panic Mode – Extreme Tactics Like Helicopter Money […]
The post Video Shows $10M Chinese Bitcoin Mining Farm in Flames appeared first on Bitcoin News.
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Bitmain to Launch the World Digital Mining Map This October
During the World Digital Mining Summit (WDMS) – which will take place in Frankfurt on 8-10 October – Bitmain will launch the first platform to connect mining hardware owners with mining farm owners via the World Digital Mining Map (WDMM).
The post Bitmain to Launch the World Digital Mining Map This October appeared first on Bitcoin News.
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High-Powered Mining Rigs Drive Bitcoin’s Accelerating Hashrate
On August 19, the combined SHA-256 hashrate between the BCH and BTC networks touched a massive high of over 91 exahash per second (EH/s). One notable contribution to today’s network hashrates is the manufacturing of next-generation mining rigs that produce a significant number of terahash. Currently, the top machine released this summer is Pangolin’s Microbt […]
The post High-Powered Mining Rigs Drive Bitcoin’s Accelerating Hashrate appeared first on Bitcoin News.
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Study: Publicly Listed Chinese Firms Quietly Participate in Bitcoin Mining
According to regional reports, a few publicly listed Chinese companies have been secretly mining bitcoin by pretending to provide cloud or web hosting services. Moreover, recent studies have revealed a growing trend of mystery miners processing the BCH and BTC networks at the same time as these firms have been running undercover mining operations in […]
The post Study: Publicly Listed Chinese Firms Quietly Participate in Bitcoin Mining appeared first on Bitcoin News.
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Crypto Spring Brings Strong Profits to Next-Generation and Older Mining Rigs
Over the last few weeks, cryptocurrency markets have been on a tear accumulating considerable gains following the notorious ‘crypto winter.’ Since the recent price hike this spring, mining digital assets with next-generation miners has allowed participants to secure significant gains and even older mining devices are turning a profit. Also read: Bitcoin Cash Protocol Successfully […]
The post Crypto Spring Brings Strong Profits to Next-Generation and Older Mining Rigs appeared first on Bitcoin News.
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Revenues on the Mend: Bitcoin Miners’ Gross Margins Grew 39% in February
Mining operations that process SHA-256 coins like BTC and BCH saw revenues slashed due to the bear market lows at the end of 2018. Revenues continued to fall into the new year, but over the last few weeks, network hashrates have been climbing again. A report published on March 4 details that even though mining […]
The post Revenues on the Mend: Bitcoin Miners’ Gross Margins Grew 39% in February appeared first on Bitcoin News.
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