The Bitcoin Network Briefly Produced too Many Blocks

There are always some interesting developments taking place within the cryptocurrency industry. Bitcoin’s network saw an influx of 16 network blocks in 63 minutes, which is a strong deviation from the average. The Bitcoin network is subject to some very strict rules and time frames. An Anomaly in the Bitcoin Block Production On average, one network block is generated every 10 minutes. Over the span of an hour, six – or sometimes seven blocks will be generated accordingly. Last week, 16 of those blocks were found on the network in a span of 63 minutes. That is very unusual, and

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Bitcoin Halving Searches Surge – Phrase Touches Google Trends All-Time High

The notorious bitcoin halving is expected to happen in 20 days either on or around May 12, 2020. The anticipation leading up to the event is at an all-time high, as last week worldwide queries for the phrase “bitcoin halving” using Google peaked with a top score of 100. On Tuesday, Google Trends shows the […]

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The Bitcoin Cash Network’s Block Reward Officially Halved – Block 630,000 Mined

On April 8, 2020, the Bitcoin Cash network officially halved as of block 630,000 and BCH miners hashing away at the network will capture 6.25 coins per block going forward. The BCH halving is the first major SHA256 branch to halve its block reward, as BSV and BTC will halve as well within the next […]

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Bitcoin Mining Investment Strong – BTC Hashrate Surpasses All-Time High

Bitcoin Mining Investment Strong - BTC Hashrate Surpasses All-Time HighOn 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% […]

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Tradeblock Estimates Post-Halving Mining Cost of $12,500 per BTC

Tradeblock Report Estimates Bitcoin's Post-Halving Cost at $12,500 per BTCOn February 7, the blockchain analytics provider Tradeblock published a report about the upcoming BTC reward halving. BTC’s block reward is expected to halve on or around May 12, 2020, and Tradeblock’s report estimates that the cost to mine BTC will be over $12,500 after the halving. Also Read: The Controversial S2F Model Predicts Bitcoin […]

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6 Monitoring Websites That Help Track Bitcoin Cash Data

6 Monitoring Websites That Help Track Bitcoin Cash DataWhen it comes to cryptocurrency networks and markets, there’s a lot to keep track of. Thankfully there’s also now a bunch of dedicated bitcoin cash (BCH) data websites that provide easy to comprehend visual representations of network statistics and market indicators. Also read: Slovenia Has the Most BCH-Accepting Physical Locations Worldwide Monitoring BCH Network Statistics […]

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Xthinner Protocol Tested on BCH Mainnet Shows 99% Block Compression

On April 8, BCH developer Jonathan Toomim revealed how far he’s come with the Xthinner block compression protocol. Toomim tested the platform between two Bitcoin ABC full nodes on the BCH main network and a 363 kB block was compressed down to 1,660 bytes, or 99.54% compression. Also read: Uyen T Nguyen: The Powerful Young […]

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Exchanges Roundup: UK MP Quits Ironx After Four Days, Daily OTC Volume Estimated at $250M

Exchanges Roundup: UK MP Quits Ironx After Four Days, Daily OTC Volume Estimated at $250MIn recent news regarding cryptocurrency exchanges, a member of the British Parliament has quit his role with a cryptocurrency exchange just four days after joining the company, analysts have estimated the daily volume of the over-the-counter (OTC) cryptocurrency markets to be $250 million, and Poloniex’s new terms of use have banned residents of Germany, China, Pakistan, […]

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SHA-256 Mining Hashrate Climbs Significantly in One Year

SHA-256 Mining Hashrate Climbs Significantly in One YearOver the last year, SHA-256 mining, the process that’s used to find blocks on both the Bitcoin Cash (BCH) and Bitcoin Core (BTC) networks, alongside a slew of other cryptocurrencies, has grown exponentially. Digital asset trading markets have been in a slump over the last eight months of 2018, but the bearish sentiment has not […]

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