Bitcoin Difficulty Sees Two-Year Record Surge as Hash Rate Mimics 2017
A giant 14.95% advance makes analysts confident as miners appear to balance increased costs to retain profitability. Go to Source Powered by WPeMatico
Bitcoin Mining
Auto Added by WPeMatico
BitMEX Report Points to More Consolidation in Bitcoin ASIC Mining
The Bitcoin mining ASIC manufacturing industry is expected to further consolidate, as is the wider mining farm operating sector. Go to Source Powered by WPeMatico
Bitmain’s Cofounder Accused of Hindering Next-Gen Bitcoin Mining Rig Shipments
On June 11, 2020, regional reports disclosed that the cofounder of Bitmain, Micree Zhan, is still battling with Jihan Wu in an ongoing feud. The quarrel is allegedly causing shipment problems for customers, as reports note that Zhan is prohibiting deliveries stemming from the company’s Shenzhen factory. Bitmain Cofounder Micree Zhan Accused of Causing Mining … Read more
Bitcoin Hashrate Spikes to 120 Exahash: Difficulty Drops Allowing Miners to Rejoin the Competition
The Bitcoin hashrate is up this weekend after the network experienced it’s fourth negative difficulty adjustment this year. The Bitcoin (BTC) protocol’s difficulty adjustment dropped over 9% on June 4, giving miners who shut off their machines a chance to join the competition once again. Moreover, Glassnode statistics show that blocks are being produced at … Read more
Patoshi Researcher Says “Altruistic” Satoshi Will Never Spend His 1.1M Bitcoin
Bitcoin founder Satoshi Nakamoto will never spend his “1.1 million bitcoins” because he is altruistic, Patoshi Pattern researcher Sergio Demian Lerner has said. The Patoshi Pattern exploits privacy flaws of an early protocol, v.01, to identify blocks possibly minded by Satoshi Nakamoto. Lerner said the Bitcoin creator is unlikely to use his coins, which have … Read more
US Firm Announces Installation of 700 Mining ASICs With More On the Way
United States firm, Marathon Patent Group, announced that it installed 700 units of Bitcoin mining ASIC units. Go to Source Powered by WPeMatico
Chinese Police Find Secret Bitcoin Mining Operation in Suspected Tombs
Chinese law enforcement discovered an illegal Bitcoin mining operation in what appeared to be multiple underground burial sites. Go to Source Powered by WPeMatico
Bitmain Unveils Cheaper T19 Bitcoin Miner to Regain Lost Market Share
Bitmain on Monday released the Antminer T19, a cheaper bitcoin mining machine, in an effort to regain lost market share. The Beijing-based company said the Antminer T19 has computing power or hashrate of 84 terahash per second (TH/s) and power efficiency of 37.5 joules per terahash (J/TH). The latest hardware is modeled after Bitmain’s more … Read more
Bitmain Launches New T19 Bitcoin Miner After S17’s Troubled Launch
World-leading mining hardware producer Bitmain launched its new Antminer T19 Bitcoin Mining ASIC. Go to Source Powered by WPeMatico
Bitcoin Hashrate Bounces Back- 2x the Mining Pools, Farm Diversification, 100 Exahash
Around 18 days ago, the Bitcoin protocol experienced it’s third block reward halving and the network saw a 33% hashrate loss. Since then, however, bitcoin miners have increased in both number and hashpower, as the network has seen a 15-20 exahash per second (EH/s) increase. Moreover, on May 22, there were 17 mining pools hashing … Read more