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Multinational mining titan BHP Group expects to complete its first blockchain iron ore transaction with major Chinese steel producer Baosteel in the near future. Go to Source Powered by WPeMatico
Bitcoin miners are not likely to see capitulation and especially a “mining death spiral” after the 2020 halving due to four major reasons. Go to Source Powered by WPeMatico
Biotech firm-turned-Bitcoin miner Riot Blockchain disclosed strong results for Q1 2020 in its latest quarterly report filed with the U.S. Securities and Exchange Commission. Go to Source Powered by WPeMatico
In the final block, Miner f2pool immortalized a NY Times article highlighting the similarities between the 2008 financial crisis and today. Go to Source Powered by WPeMatico
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 … Read more
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, … Read more
Bitcoin has just experienced a one-in-four-year event, its third halving, which has cut the miner block reward from 12.5 BTC to 6.25 BTC. Go to Source Powered by WPeMatico
The Cointelegraph Bitcoin Halving live party continues with a deep dive into how the mining industry is affected by the sudden, but very predictable revenue shock. Go to Source Powered by WPeMatico
The halving is just a few hours away — and many miners are already shutting their soon-to-be unprofitable rigs, says Poolin VP Alejandro De La Torre. Go to Source Powered by WPeMatico
The average block size of the Bitcoin network peaked at 1.341 MB on May 2, with the mining hash rate approaching a new all-time high. Go to Source Powered by WPeMatico
