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KuCoin Crypto Exchange Ceases Bitcoin and Litecoin Mining Pool Services – What's Going On?
3.8.2023
Cryptocurrency exchange KuCoin has announced that it will be temporarily suspending its Bitcoin (BTC) and Litecoin (LTC) mining pools until further notice.
In a Wednesday blog post, KuCoin said the decision will be effective starting from August 15.
The exchange said the move is part of...
Bitcoin Network’s High Difficulty Levels Poised to Ease Amid Longer Block Intervals
24.7.2023
Upon achieving an unprecedented all-time high on July 11, 2023, soaring to a staggering 53.91 trillion, Bitcoin’s difficulty is poised to decline by an estimated range of 3.9% to 4.04% come July 26, 2023. Block generation periods have been lagging behind their typical ten-minute average...
Bitcoin Difficulty Takes a Dip: Network’s First Downward Adjustment in 56 Days Signals Easier Mining Ahead
29.6.2023
On June 28, 2023, Bitcoin saw its first downward difficulty adjustment in 56 days, or since May 4, with a decline of 3.26%. This modification lowered the network’s difficulty to 50.65 trillion from its record high of 52.35 trillion on June 14. Bitcoin Mining Gets a Breather: Difficulty...
Bitcoin Mining Difficulty Reaches Unprecedented Highs Amidst Challenging Market Conditions
14.6.2023
On Wednesday, June 14, 2023, at block height 794,304, the Bitcoin network recorded its third consecutive mining difficulty increase since May 18. The mining difficulty climbed by 2.18%, bringing the overall difficulty to another unprecedented high at 52.35 trillion. Bitcoin Mining Difficulty Hits...
Bitcoin Hashrate Reaches All-Time High of 491 EH/s, Close to Half a Zettahash, as Network Preps for Next Difficulty Change
2.5.2023
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...
Embattled Crypto Mining and Wallet Firm Poolin Moved $150M in Bitcoin
25.4.2023
The firm issued IOU tokens to its users after it froze withdrawals in September
Ordinal Inscriptions Surpass 1 Million Mark, Miners Collect $4.7M in Fees as Bitcoin NFT Trend Continues
9.4.2023
On April 8, 2023, the number of Ordinal inscriptions surpassed the million mark as the non-fungible token (NFT) trend has seemingly become a mainstay. Presently, on Sunday, April 9, the total number of Ordinal inscriptions is 1,049,263, and so far, 169.85 bitcoins worth $4.7 million have been...
Block Sizes Exceeding 3 MB Now Common on Bitcoin Blockchain as Ordinal Inscription Demand Rises
12.2.2023
Since Luxor, a bitcoin mining pool, mined a record-setting 3.96 MB block (#774,628) on the Bitcoin blockchain, block sizes have been larger than they were prior to that block height in the past 12 days. Statistics show that blocks larger than 3 MB are now quite common, and demand for Ordinal...
Giant Bitcoin 'Taproot Wizard' NFT Minted in Collaboration With Luxor Mining Pool
2.2.2023
Luxor Mining collaborated with independent developer, Udi Wertheimer to mint the NFT advertising “Magic Internet JPEGs” in “the largest Bitcoin block ever mined.”
Litecoin’s Hashrate Reaches All-Time High, Difficulty Follows Suit
28.1.2023
The blockchain network Litecoin’s computational power reached an all-time high (ATH) on Wednesday, Jan. 25, 2023, at block height 2,411,048, reaching 798.43 terahash per second (TH/s). In addition, Litecoin’s difficulty also reached an all-time high this week, hitting 23,505,031...
Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack
27.12.2022
A major cryptocurrency mining pool has been hit by hackers earlier this month, the company who owns the pool revealed in an announcement. The incident resulted in the theft of digital assets belonging to the pool and its clients worth a combined total of $3 million. Chinese Authorities Launch...
Bitcoin mining pool BTC.com reports $3M cyberattack
26.12.2022
BTC.com, the seventh-largest Bitcoin mining pool, said that its client fund services are unaffected by the recent $3 million cyberattack
Bitcoin Miners Discovered 53,240 Blocks This Year, Foundry Led the Pack, Hashrate Tapped an All-Time High
23.12.2022
As the new year approaches, more than a dozen bitcoin mining pools still dedicate a total of 238 exahash per second (EH/s) toward the Bitcoin blockchain in order to secure the network and reap mining rewards. Statistics indicate that the mining pool Foundry USA discovered the most block rewards...
Bitcoin Miner Riot Switches Mining Pool After Falling Short in November
5.12.2022
The miner used Braiins mining pool, which uses a payout method that caused the variance between Riot’s mining capacity and amount produced, according to a source
Binance's Crypto Mining Pool Adds Ravencoin Support
23.11.2022
Former Ethereum miners have been drawn to alternative coins like Ravencoin after they had to leave the Ethereum network post-merge
DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North
23.11.2022
Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on Sept. 22, 2022. Foundry says the two data centers have a total power capacity of around...
PEGA Pool to Launch in 2023 to Help You Offset Your Carbon Footprint While Crypto Mining
14.11.2022
PEGA Pool is an eco-friendly crypto mining pool currently in private beta testing and is expected to be open to the public in the first quarter of 2023. Regarding bitcoin mining, there have always been concerns about its environmental impact; however, now is the ideal time to make a difference...
Bitcoin’s Top Mining Pool Foundry USA’s Hashrate Climbed 350% in 12 Months
7.11.2022
Last year, Bitcoin’s total network hashrate was around 160 exahash per second (EH/s), and 15 known mining pools dedicated hashrate to Bitcoin on Nov. 6, 2021. At that time, the mining pool Foundry USA was the fifth largest mining pool with 18.44 EH/s dedicated to the Bitcoin chain. During...
Binance to Offer $500 Million Worth of Loans to Crypto Mining Industry
16.10.2022
Cryptocurrency exchange Binance has set out to support crypto miners through a lending program established by its mining pool. Presenting the initiative this week, the coin trading platform also unveiled that Binance Pool intends to launch cloud mining products. Leading Exchange Binance Looking...
Binance Announces $500 Million Funding for Bitcoin Mining
15.10.2022
Binance Pool, the crypto mining services arm of cryptocurrency exchange Binance, aims to support Bitcoin miners to weather the crypto winter with a $500 million loan.
The ongoing bear market has had deep impacts on almost all industry participants, particularly miners. Amid rising fuel...