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On Friday, Cryptocurrency derivatives exchange FTX launched a hashrate futures tool that allows Bitcoin (BTC) miners to hedge against mining difficulty risk. Hashrate, the amount of processing power dedicated to a Bitcoin network at a given time, determines the strength and security of the network. FTX leverages mining difficulty, that is, the complexity of solving […]
The post Crypto Derivatives Exchange FTX Launches Bitcoin Hashrate Futures appeared first on Bitcoin News.
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A 30% drop in hashrate was predicted by industry insiders, who believe it to be bullish for Bitcoin.
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A report indicates that despite concerns over mining after the halving, the health of the Bitcoin network remains excellent.
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About a third of Bitcoin (BTC) mining firms may already be switching off their machines as the business becomes unprofitable due to a reduction in mining rewards. The third Bitcoin halving – consummated earlier today – reduced supply of the pioneering cryptocurrency, cutting the bonus paid to miners for solving mathematical puzzles that underpin the […]
The post Up to 30% of Bitcoin Miners Close Shop as Business Turns Unprofitable After Halving appeared first on Bitcoin News.
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The Bitcoin blockchain has experienced its third block reward halving on May 11, 2020, at approximately 3:21 p.m EST, even though quite a few countdown clocks estimated that the halving would occur on May 12. Bitcoin miners now get 6.25 BTC per block rather than the 12.5 BTC they acquired before the halving. On Sunday, […]
The post Bitcoin’s Third Halving Complete: Reward Cut Surprisingly Faster Than Previous Time Estimates appeared first on Bitcoin News.
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In a touch more than 24-hours time, the third bitcoin halving will take place on May 12, 2020, on or around 9:50 p.m. ET. Miners will see their revenues slashed in half from 12.5 coins to 6.25 BTC after the halving and speculators wonder what will happen after the event. Currently, according to Google Trends […]
The post Quantitative Hardening: Dissecting the Third Bitcoin Halving, 3 Key Data Points to Watch appeared first on Bitcoin News.
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The Chinese ASIC mining rig manufacturer Bitmain reportedly pulled in $300 million in revenue during Q1 2020. Meanwhile, as Bitmain claims to be regaining market share, the firm Ebang recently applied with the U.S. Securities and Exchange Commission (SEC) for initial public offering (IPO) status. However, the prospectus sent to SEC shows that while Ebang […]
The post Bitcoin Mining Markets Heat Up: Ebang’s $41M Deficit, Bitmain’s Alleged 2020 Revenue appeared first on Bitcoin News.
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On May 7, 2020, the price of a single bitcoin crossed $10,000 per unit in USD value as the network only has four days until the halving, otherwise known as the “quantitative hardening” by some investors. The cryptocurrency’s per annum inflation rate will drop from 3.6% to 1.8% on or around May 12, 2020, as […]
The post Bitcoin Price Touches $10K Amid 2020’s Macroeconomic Storm and Covid-19 Fears appeared first on Bitcoin News.
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A new bitcoin mining map by the University of Cambridge shows that China accounts for 65% of the world’s hash power. About half of the country’s hash rate is produced in just one place, the autonomous Xinjiang region, which makes up 35.76% of the global total. Launched recently, the university’s Bitcoin Mining Map provides data […]
The post 65% of Global Bitcoin Hashrate Concentrated in China appeared first on Bitcoin News.
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Just recently the price of bitcoin jumped over the $9,000 per coin zone, but retracted back a hair not too long afterward. On May 3, the research and analysis firm Glassnode reported that the overall BTC hashrate touched another all-time high above 140 exahash per second. As miners continue to hash away at the network, […]
The post 7 Days Left Until the Great Bitcoin Halving: Hashrate Jumps Over 140 Exahash, Miner’s Hoard appeared first on Bitcoin News.
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