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Canaan Narrows Q1 Loss to $5.6 Million Amid Weakening Demand for Mining Hardware
23.5.2020
Bitcoin mining rig manufacturer Canaan Creative reported a net loss of $5.6 million for the first quarter of 2020, down from $9.5 million a year earlier. The Chinese company cut prices of its ASIC-based machines by over 50% in an effort to improve sales, but that wasn’t enough to prevent...
Craig Wright Submits List of Bitcoin Addresses to the Court – Roster Contains Spent Blocks
22.5.2020
On May 21, 2020, the infamous Craig Wright, the man who claims to be Satoshi Nakamoto, submitted a list of blocks and bitcoin addresses to the court that stem from the alleged Tulip Trust. However, armchair sleuths and blockchain analysis shows that a few blocks recorded in Wright’s recently...
China Strikes Down 10% of Global BTC Hashrate, Who Will Pick Up The Slack?
22.5.2020
Citing the increase in illicit crypto-related activities, the provincial government of Sichuan moves to stamp out 10% of the global Bitcoin hashrate
Layer1 Stabilizes Texas Grids With 'Bitcoin Batteries'
22.5.2020
Layer1 will release electricity in response to spikes in consumer demand that may threaten local power grids, such as during heatwaves
Institutional Investors Buying Up BTC Like Crazy After Halving
22.5.2020
Institutional investors brewing a perfect Bitcoin storm
Bitcoin Hashrate Slides 33% Since Halving – Difficulty Drops, Issues in Sichuan China
22.5.2020
It’s been 11 days since the third bitcoin block reward halving. Data now shows that the overall SHA256 hashrate lost around 47 exahash per second (EH/s), since the all-time high of 140 EH/s on May 3. With more than 33% of the hashrate lost, reports stemming from Sichuan China indicate that...
Iran’s President Asks Gov’t to Plan National Crypto Mining Strategy
22.5.2020
Iran’s president has tasked officials at the central bank and ministries of energy, communications and IT with drafting plans for a national cryptocurrency mining strategy
Canaan Reports $5.6M Loss in Q1 Despite Bitcoin Miner Price Cut
22.5.2020
The China-based manufacturer had cut the pricing for its bitcoin miners by half during the first three months
Iranian President Calls for National Crypto Mining Strategy
21.5.2020
Iran's President has ordered officials to develop a new approach to cryptocurrency mining
As Bitcoin Halving Dust Settles, Network Awakens to Costly New Reality
21.5.2020
Bitcoin halving has led to high transaction fees and slow block generation speeds. Is this the new reality?
People Are Removing the Most Bitcoin From Exchanges Since 2018 Bottom
21.5.2020
Exchange reserves hit an 18-month bottom while miners keep selling despite lower revenues after the halving
Miner Revenues Crash, But This Has Always Marked Bitcoin Price Bottoms
21.5.2020
The drop-off in Bitcoin mining revenue to 2019 levels show a macro bottom for BTC is near as the impact of the halving is starting to be felt
Wild Satoshi Theories: The Curious Case of Bitcoin Block 3654 from 2009
21.5.2020
On Wednesday, 50 bitcoin mined on February 9, 2009, was moved from the original address to a new address. The movement of coins caused a great commotion throughout the cryptocurrency community, as some individuals assumed it may have been the mysterious Satoshi Nakamoto. However, skeptics believe...
Bitcoin Miners Double Revenue: Fees Spiked Over 200% in 10 Days Since the Halving
20.5.2020
Bitcoin (BTC) miners earned 44% more in transaction fees in the nine days since the halving than they did for the whole of April. If this continues miners will have more than doubled their income from transaction fees going forward. According to data from Coinmetrics, miners have collected...
First Mover: Bitcoin Just Got Easier to Mine, But for How Long?
20.5.2020
Bitcoin's mining "difficulty" just fell 6%, giving small-scale miners a reprieve. But this is only a small dip before an even steeper ascent
Hyperblock Bitcoin Mining Servers and Datacenter Infrastructure to Be Auctioned off in Public Sale
20.5.2020
Thousands of mining servers and all the datacenter infrastructure needed to operate them will be auctioned off in an upcoming public sale of Hyperblock’s property. The company has announced on Thursday, May 14, 2020, that its 20MW Montana, USA datacenter went offline and that it has ceased...
Monster 369MB Block Processed on Bitcoin SV
20.5.2020
A monster 1.3M transaction block has been processed on the Bitcoin SV network
Bitcoin Mining Difficulty Drops More Than Estimated
20.5.2020
Starting today, mining Bitcoin (BTC) has become easier than in the end of April.
On Wednesday morning (UTC time), BTC mining difficulty, a measure showing how hard it is to compete for mining rewards, dropped by 6%, to 15.14 T, while a week ago, some analysts estimated a c. 2% drop. In April...
Bitcoin Mining Difficulty Drops by 6% In First Adjustment After Halving
20.5.2020
The Bitcoin network just fine-tuned a key parameter to coax back miners who quit after last week's halving hammered their profits
Bitcoin Mining Difficulty Adjustment Might Help Adjust Heavy Fees Too
19.5.2020
Source: Adobe/Яна Василевская
With Bitcoin (BTC) fees reaching new highs this year, the hammer that could knock it back down may be the imminent mining difficulty adjustment.
As reported, both Bitcoin and Ethereum (ETH) fees have been on the rise in the past week. According to Bitinfocharts.com...