Auto Added by WPeMatico
The price of bitcoin smashed through the last all-time high again jumping above the $37k zone to $37,400 per coin. The crypto asset’s market valuation is around $689 billion at the time of publication, as it has seen $26 billion in trade volume worldwide. Moreover, the entire crypto-economy surpassed the $1 trillion mark on Wednesday […]
The post Bitcoin Price Touches the $37K Zone, Crypto Economy’s Market Cap Hits $1 Trillion appeared first on Bitcoin News.
Powered by WPeMatico
The Bitcoin network hashrate has dropped significantly over the last four days sliding from a high of 161 exahash per second (EH/s) to 90 EH/s on October 27. Today, the Bitcoin hashrate has improved a hair as the network’s security is currently hovering around 100 EH/s. However, the mempool log of unconfirmed transactions has spiked […]
The post Mempool Clog: Bitcoin Hashrate Drops 40%, Backlog Shows Over 100K Unconfirmed Transactions appeared first on Bitcoin News.
Powered by WPeMatico
Onchain data shows that bitcoin miners are hoarding despite the 50% loss in revenue that started on May 11, during the third reward halving. The seven-day average of bitcoin miners’ outflow volume and mining funds sent to exchanges remains significantly low. Roughly four weeks ago on June 19, the total amount of BTC transferred out […]
The post Miner Hoards: Q2 Bitcoin Mining Supply Outflow Touches 12-Month Low appeared first on Bitcoin News.
Powered by WPeMatico
Four days ago, digital currency markets lost billions and prices sank to levels not seen since last March. The market bloodbath has affected bitcoin miners as they are making fewer profits than they were a week prior. By Monday, March 16, BTC’s hashrate slid below the 100 exahash (EH/s) territory and the BCH hashrate fell […]
The post BTC Hashrate Follows Price Drop – 20% Lower Before Bitcoin Halving appeared first on Bitcoin News.
Powered by WPeMatico
The cryptocurrency community has been discussing mining centralization after a report was published that disclosed five mining operations command more than 50% of the BTC hashrate. At the time of publication, between F2pool, Poolin, Btc.com, and Antpool, the pools are hashing more than 59% of the BTC network hashrate. Also read: Bitcoin Verde’s New Project […]
The post 5 Mining Operations Command More Than 50% of BTC’s Network Hashrate appeared first on Bitcoin News.
Powered by WPeMatico
According to a Chinese language Economic Daily News report, graphics cards and ASIC mining systems are expected to see a short term surge in orders from the crypto mining sector in Sichuan province, where reportedly over seventy percent of the mining systems are located in China. Sichuan province has been hit by continuous heavy rainfalls […]
The post Heavy Rainfall in China, Thousands of Miners Reportedly Damaged appeared first on Bitcoin News.
Powered by WPeMatico
There’s been a lot of controversy over the past few weeks stemming from the anonymous Twitter handle and co-owner of Bitcoin.org, ‘Cobra Bitcoin.’ The well-known BTC community member has been at the forefront of contentious subjects for many years now, and this week Cobra is claiming that one man has control of more than 51 […]
The post The Anonymous Bitcoin.org Owner Accuses BTC Mining Pools of Centralization appeared first on Bitcoin News.
Powered by WPeMatico