Bookmarking Crypto Insights
Auto Added by WPeMatico
Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge. However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45% and bringing the overall difficulty down to 48.01 trillion for the next two weeks. Bitcoin Difficulty … Read more
Nigeria’s federal executive council has approved the national policy on blockchain to help the country develop a regulatory framework to govern the adoption of the technology. Go to Source Powered by WPeMatico
On May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured in the president’s comprehensive 182-page budget proposal for the fiscal year 2024. The DAME tax targets “making crypto miners pay for the costs they impose on others” regarding the environmental impact of crypto mining activities. … Read more
They may have seen some hard times, but overall, estimates conclude that Bitcoin miners are up 37% from their activities. Go to Source Powered by WPeMatico
While the next difficulty change for Bitcoin is just two days away, the network’s hashrate soared to unprecedented heights, reaching 491.15 exahash per second (EH/s) on May 02, 2023, at block height 787,895. This staggering amount of computational power came tantalizingly close to a half zettahash or five hundred quintillion hashes per second. Bitcoin’s Hashrate … Read more
Mawson Infrastructure Group announced on Monday that the company has secured a new mining site in Corning, Ohio. The bitcoin mining firm, on May 1, 2023, unveiled its plans to set up its miners at the new location by Q3 of this year, with an aim to raise the operation’s hashpower by 1 exahash per … Read more
The crypto kingdom of Bhutan uses Himalayan rivers to generate energy used to mine Bitcoin, local reports reveal. Go to Source Powered by WPeMatico
Block has completed the design of its new prototype ASIC chip which it says will fast-track its plan to bring “open source” Bitcoin mining rig design to market. Go to Source Powered by WPeMatico
New Mexico is the cheapest US state to mine Bitcoin in terms of average electricity cost, while Hawaii is the by far the most expensive. Go to Source Powered by WPeMatico
At 11:06 a.m. Eastern Time (ET) on April 29, 2023, at block height 787,500, the number of blocks left to discover until the next Bitcoin blockchain halving is now fewer than 52,500 blocks. This means the network has progressed 75% through the 210,000-block halving cycle, which will ultimately result in a reduction of the block … Read more
