Bitcoin’s hash rate just hit another new all-time high of 136 EH/s, an indication that miners are not backing out despite the recent selling pressure which led to a slump in the price of BTC last week. Miners Are Bullish On Bitcoin Data on Blockchain.com suggests that Bitcoin’s hash rate has been increasing steadily since...Read More
In recent years, there has been a continuous acceleration in the development of new technologies such as fintech, IoT, Big Data, AI, and other related fields. Much of this is due to investment from major companies, like the SBI Group, based out of Japan, which have been proactively investing in venture companies within these fields...Read More
The Bitcoin Halving will take place in May, and its impact raises several valid questions. One of them concerns miners since the block reward will be cut in half, and the hash rate continues accelerating. New research by a popular provider of institutional trading tools indicates that Bitcoin’s price has to increase with up to...Read More
Bitcoin (BTC) is seeing more computational power invested in coin generation than ever before. As of Jan. 6, Bitcoin’s mining network has reached a hashrate of 120 exahashes per day. This number has been growing steadily over the past decade, but it has grown significantly in recent months. In the last year alone, the network...Read More
Just after regional authorities reportedly urged Bitcoin miners to reduce electricity consumption in Sichuan — a province that could account for up to 50 percent of global hash power — BTC’s hash rate rocketed to a new all-time high. Asia Times reported December 29th that Sichuan state authorities held a meeting with local power operators...Read More
On January 1, the BTC network hashrate touched an all-time high at close to 120 exahash per second (EH/s). Despite the crypto market lull and lower BTC prices, the 2020 milestone happened just before the blockchain’s 11th anniversary. BTC’s curious jump in hashrate has the cryptosphere wondering whether or not the price truly follows hashpower....Read More
2019 was known for the growing trend of stealth miners mining on the BTC and BCH network. On Dec. 30, data shows that 68% of the Bitcoin Cash network’s hashrate is being mined by mystery miners. As the year comes to an end, the large number of unknown BCH hashrate has attracted scrutiny. Also Read:...Read More
Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. Two hydropower stations have been fined already for powering bitcoin farms without authorization. Also...Read More
Two of the largest bitcoin mining chip manufacturers have plans to equip their products with 5nm chips in the near future. Just recently, China-based manufacturer Bitmain purportedly produced the world’s first 5nm test-grade bitcoin mining chip and more efficient mining rigs will see mass production next year. The firm Canaan also recently announced that the...Read More
Many factors influence the popularity and value of bitcoin. When looking at the overall network hashrate, the current situation doesn’t look half bad. In fact, bitcoin’s mining power reached a new all-time high earlier this week. Bitcoin Hashrate Grows Seems Unstoppable It only seems like a year or two ago when seeing bitcoin pass 1...Read More
We took apart a Coinmine One and talked to CEO Farbood Nivi to get an insider look at the mining gadget taking the cryptocurrency world by storm. “The whole point of crypto is that there is no guaranteed money anywhere.” ...Read More
The cryptocurrency community is usually divided into three major camps when it comes down to potential ways to earn money. The first is inhabited by traders, believing that the best way to make profits is to take advantage of the volatility in the market by trading. The second comes in the form of long-term investors,...Read More
One of the great things about producing podcasts covering the Bitcoin space is that there is no shortage of enlightening, bizarre and intellectually challenging conversations to be had. Strangely enough, Mark Beylin, an intrepid and perhaps disenchanted member of the Ethereum community might have said it best in a recent tweet: With that in mind...Read More
At a time of intense competition in the bitcoin mining space, Nasdaq-listed crypto mining firm, Riot Blockchain, is ramping up operations. The company has purchased over 4,000 Bitmain Antimer S17 Pros for its Oklahoma mining facility in the last month. Riot Blockchain Bought 3,000 Bitmain Miners on Dec 4 You may not have heard of...Read More
There are a number of varying metrics that Bitcoin analysts use to predict future price movements of the asset. One rarely used oscillator takes BTC energy value into account and it is flashing bullish at the moment. Bitcoin Energy Value? Okay, so this metric may not be as popular as other recently used ones such...Read More
Pseudonymous blockchain blogger Hasu has released an analysis of the latest Vertcoin attack. Published on the Deribit blog, the article makes a credible argument that ASICs enhance blockchain security by introducing an incentive to act in the interests of the network. The Altcoin Case for ASIC-Resistance As Bitcoin evolved, so did the prevalence of Application...Read More
Bitcoin has had its share of unnerving time periods – but over the last decade, it has been one of the best investable assets. Appearing as a “black swan”, BTC reached extraordinary valuations. Bitcoin Became a ‘Wild Card’ for Personal Finance Acquiring $1 worth of BTC in 2010 would translate into more than $90,000 today,...Read More
High-powered bitcoin miners and next-generation semiconductors go hand in hand and as process node technology grows, SHA256 hashrate follows. Coinshares’ recent bi-annual mining report highlights that newly introduced mining rigs have “as much as 5x the hashrate per unit as their generational predecessors.” Advanced chip technology has grown relentlessly and it’s significantly bolstered ASIC device...Read More
Canaan shares recently crashed by as much as 40% on Nasdaq, which was likely caused by the continuous pressure on Bitcoin price. Bitcoin miners are in a tight spot once again, as Bitcoin’s price continues to experience pressure. Miners were known to withdraw from the mining industry when the price dropped in 2018, simply because...Read More
As the end of 2019 approaches, Coinshares Research has published its bi-annual mining report that contains informative research and observations about the bitcoin mining industry. Since Coinshare’s last report published in June, BTC’s hashrate grew by 50 exahash per second (EH/s) and the firm believes a decent portion of the power stems from China. Also...Read More
According to a recent press release from IDEG Investment Limited, “Asia’s First Bitcoin Trusts” have been launched “as a traditional and comfortable way for ‘old money’ to invest in digital assets.” The two trusts, Asia Bitcoin Trust I and Atlas Mining Trust I, reportedly allow for investors to gain wrapped exposure to bitcoin and to...Read More
New research shows that China’s dominance of the total Bitcoin hash rate continues to grow. The nation reportedly now accounts for around 66 percent of all the computing power supporting the Bitcoin network at present.China has historically been the leader in global Bitcoin mining. However, with large mining operations coming online in the US and...Read More
Mining companies may benefit from a growing market for Bitcoin (BTC) derivatives to finance and support their power-hungry operations. In 2019, despite price fluctuations, mining activity remains near all-time highs. Bitcoin Mining Turned into Large-Scale Business Mining is becoming large-scale business in 2019, with big pools and ASIC producers once again coming into the spotlight....Read More
There are a few ways of looking at bitcoin mining. As an ostensibly selfish enterprise, wherein miners are seeking to extract precious coins for profit. And as a community of individuals who envisage a better way of generating, handling and using money, and are motivated to secure the Bitcoin network. The truth is probably somewhere...Read More
As the reward halving approaches, bitcoin miners are preparing new strategies so customers can reap the most profits from their hashrate services. On December 3, the mining operation Poolin introduced a hashrate auto-switch feature so clients can automatically switch between BTC and BCH mining. Moreover, a few days later at Bitmain’s annual customer appreciation meeting,...Read More
Nvidia has urged a US judge to dismiss a case brought by investors who say it misled them over crypto mining revenues. The company claims that the plaintiffs had cherry-picked information and relied on analysts who were clearly speculating on its financials. Lack Of Transparency Over Crypto-Mining Demand The case was initially brought, back in December 2018,...Read More
Utilizing stranded gas to power bitcoin mining rigs at oil and gas wells is a promising business opportunity. It is profitable for all participating parties and beneficial for the environment. Not without challenges, this young industry is growing in energy-rich North America. Several companies are working to expand the niche and U.S.-based EZ Blockchain shared...Read More
Beijing-based Canaan Creative, a leading manufacturer of blockchain servers and solutions for repetition ASIC chips, has again filed to go public (this time in the US markets). The company, which is one of the world’s largest crypto mining equipment producers, filed its initial public offering (IPO) prospectus with the US Securities and Exchange Commission (SEC)...Read More
In May, South Korean tech giant Samsung (OTC:SSNLF) filed for a patent titled “Programmable Blockchain Solid State Drive and Switch.” Although details about the recently designed system are scanty, a lot of people in the sector are already pointing out the significance of this technology. It appears like most corporations are also following the trend,...Read More
Over the last 24 hours, cryptocurrency enthusiasts have been discussing a transaction that saw 94,000 BTC sent to an unknown wallet. The hoopla over the large transaction shows how things have changed significantly over the last decade. Back in cryptocurrency’s early days, between 2010-2012, large bitcoin transactions like this weren’t such a big deal and...Read More
