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1.71 Million BTC From 2009-2012 Block Rewards Still Dormant, Worth Over $100B
22.9.2024
This past week, a batch of five block rewards from 2009 were moved for the first time in almost two years. Interestingly, since 2015, only 48 block rewards from Bitcoin’s creation year have been spent. With the reawakening of these so-called ‘sleeping’ bitcoins from...
The 5 Month Halving Hangover: Bitcoin Miners Continue to Face Revenue Struggles
21.9.2024
Metrics reveal that although BTC prices climbed 6.97% in September, Bitcoin’s hashprice—the anticipated daily revenue from 1 petahash per second (PH/s)—remains ultra-low. This suggests that miners are still dealing with extremely thin profits. With just nine days left in...
Bitcoin’s Last Difficulty Drop Likely to Be Erased in 3 Days
25.8.2024
Bitcoin’s hashrate is on the rise once again, edging closer to the peak levels seen at the end of July. Despite a recent 4.19% dip in difficulty during the last retarget, current projections suggest that this drop might soon be history. On Aug. 28, the difficulty is expected to bounce back...
Bitcoin Block 857,911 Delivers $1.12M to Antpool as Miners Enjoy Fee Windfall
23.8.2024
On Thursday, Bitcoin network fees took a significant leap, crossing the $100 mark shortly after 8:45 a.m. EDT. However, this spike was short-lived as fees quickly dropped, settling at just $0.34 per transaction by 7 p.m. EDT. Data collected from the day’s blocks revealed that a few fortunate...
Marathon Digital to add ‘Made in USA’ on Mined Bitcoin Block
13.8.2024
Post former US President Donald Trump’s slogan, the Bitcoin Mining firm Marathon Digital Holdings has conceded and decided to…
$50K to $100K — 9 AI Chatbots Predict Bitcoin Prices for Year-End 2024
8.7.2024
At the end of April, Bitcoin.com News queried seven artificial intelligence (AI)-based chatbots about their year-end bitcoin (BTC) price predictions. A significant number of these generative AI chatbots offered optimistic forecasts, suggesting bitcoin could reach $80,000 or even surpass $100,000...
Jack Dorsey Envisions Bitcoin Replacing US Dollar — Foresees BTC Reaching $1 Million
8.7.2024
Billionaire Jack Dorsey foresees a future where bitcoin could supplant the U.S. dollar as the dominant global currency. He envisions a scenario where bitcoin’s value could soar to $1 million by 2030. Highlighting the cryptocurrency’s decentralized nature, Dorsey underscores...
Bitcoin block size hits yearly low: Impact of BTC halving?
19.6.2024
Despite Bitcoin’s block size hitting a yearly low, the Runes minting market continues to show strong activity and profitability
Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures
18.6.2024
In the last three days, bitcoin miners have experienced an 8.4% drop in profits, echoing a decrease in bitcoin prices. Since then, the network’s hashrate has fallen below the 600 exahash per second (EH/s) mark. Price Drop Squeezes Bitcoin Mining Profits Revenue for bitcoin miners...
Competitive Pressure Builds for Bitcoin Miners as Hashprice Swings
13.6.2024
Bitcoin’s hashrate experienced an uptick this week, briefly surpassing 600 exahash per second (EH/s) and currently stabilizing at 598 EH/s. The hashprice, which represents the expected value of 1 petahash per second (PH/s) of hashing power per day, is about $57 per petahash. Mining...
Bitcoin Miners See 46.15% Revenue Drop in May, Lowest Since October 2023
1.6.2024
After two consecutive months of record-breaking revenue, bitcoin miners experienced a significant downturn in earnings in May, a level not seen since October 2023. In April, miners generated $1.79 billion, whereas May’s figures show a considerably lower revenue of approximately $964.24...
Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704
23.5.2024
Bitcoin’s mining difficulty increased by 1.48% at block height 844,704, reaching 84.38 trillion. This adjustment aligns with Bitcoin’s overall hashrate exceeding the 600 exahash per second (EH/s) mark. Bitcoin Network Difficulty Increases by 1.48% On May 23, 2024, at block 844,704...
In a Sea of Mining Giants, One Solo Miner Strikes Digital Gold by Finding Bitcoin Block 841,286
30.4.2024
While bitcoin mining has become increasingly difficult and block rewards have dropped from 6.25 bitcoins to 3.125 bitcoins, a solo miner discovered block 841,286. Bitcoin’s Harsh Mining Climate Yields Treasure for One Solo Entity Mining bitcoin (BTC) has become significantly challenging...
Google Introduces Cryptocurrency Wallet Balance Check via Search Engine
29.3.2024
Google has enhanced its search engine to allow users to check their cryptocurrency wallet balances directly by entering the wallet’s address, supporting various blockchain networks including Bitcoin, Arbitrum, Avalanche, Optimism, Polygon, and Fantom. This feature not only shows the native...
Marathon Mines Record-Breaking 4 MB Bitcoin Block Linked to Runestone Airdrop
5.3.2024
During bitcoin’s extraordinary price peaks in March, this week saw the mining of the biggest block by byte size, with Marathon’s mining pool producing a 3.99 megabyte (MB) block. This block, labeled as 832,849, carried a message linked to the Runestone airdrop. Bitcoin Blockchain...
Jack Dorsey-Led Block Witness High Profits on Bitcoin Sales Via Cash App
23.2.2024
Block payments platform earned $66 million from selling Bitcoin through Cash App, the firm’s recent Q4 2023 earnings report noted.
The post Jack Dorsey-Led Block Witness High Profits on Bitcoin Sales Via Cash App appeared first on Cryptonews
The Genesis Block: The First Bitcoin Block
3.1.2024
Satoshi Nakamoto mined the Genesis Block on Jan. 3, 2009. That was three months after the pseudonymous inventor published the Bitcoin white paper in an online cryptography forum. People now call Jan. 3 “Genesis Block Day.”
Bitcoin Mining Pool Ocean Successfully Mines Third Block in Ongoing Decentralization Quest
27.12.2023
Ocean succeeded in mining their third Bitcoin block, showing the decentralized mining pool’s capabilities. Image by Kerem Goktug Kaya, Adobe Stock. The decentralized Bitcoin mining pool Ocean reached a new milestone this week by successfully mining its third block ever. According to data from...
With Just 0.0004% of Bitcoin’s Hashpower, Solo Miner’s 2 PH/S Effort Secures Block Reward
27.11.2023
On November 26, 2023, a stroke of remarkable luck befell a solo miner when they discovered block 818,588, verifying a total of 4,193 transactions. This achievement garnered the miner a total of 6.887 BTC, inclusive of the 6.25 BTC subsidy and transaction fees. Solo Miner’s Slim Odds Pay Off:...
Lucky Solo Miner With 11 PH/s Bags Bitcoin Block Reward Amid Giant Pools
30.10.2023
Recent insights reveal that a solo miner successfully mined block 814,308 employing a mere 11 petahash per second (PH/s) of mining power. This feat was achieved through Solo Ckpool, a service for solo miners endowed with lower hashrates or older, less efficient hardware. Solo Miner Finds Another...