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 […]

The post Bitcoin Hashrate Bounces Back- 2x the Mining Pools, Farm Diversification, 100 Exahash appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility

On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116 BTC, down 54% from the 2,405 […]

The post Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit

Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per UnitOn Thursday, the China-based mining rig manufacturer Bitmain announced the launch of two new Antminer S19 series models that process between 95 to 110 trillion hashes per second (TH/s). The Antminer S19 Pro model with 110TH/s and 29 joules per terahash (J/TH) is 24 trillion hashes per second faster than Microbt’s latest Whatsminer M30S model […]

The post Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

A Short History of the World’s Largest Bitcoin Mining Pools

7 Unorthodox Ways to Mine BitcoinMining pools grow and shrink, and rise and fall altogether. Today there are more extinct mining pools than there are active ones. The hashpower of the survivors secures hundreds of PoW crypto networks, from major coins such as BTC and BCH to obscure altcoins such as monero classic and “zelcash.” The following guide provides an […]

The post A Short History of the World’s Largest Bitcoin Mining Pools appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico