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Bitcoin Hashrate Drops 30% — A Bullish Sign, Say Insiders
14.5.2020
A 30% drop in hashrate was predicted by industry insiders, who believe it to be bullish for Bitcoin
Bitcoin Network Sees a Massive Mining Pool Shift Following the Halving
14.5.2020
Following the third bitcoin halving on May 11, 2020, there’s been a big shift in mining pool distribution, as far as hashrate is concerned. At the time of publication, there’s around 100-115 exahash per second (EH/s) in search of bitcoin blocks and spectators have seen two relatively...
Bitcoin Halving Was Not the Apocalyptic Event Some in Crypto Feared
14.5.2020
Bitcoin’s resiliency following its halving suggests that many investors have started looking at it as a legitimate hedge against inflation
Bitcoin Miners Revenue Plunge 48% as Halving Impact Kicks In
14.5.2020
Revenue for Bitcoin (BTC) miners plunged 48% a day following the third halving, as the full impact of the periodic supply cut event began to take effect. According to data from crypto company Blockchain, the total value of block subsidies and transaction fees paid to miners crashed to $8.95 million...
Bitcoin’s Price Has Bounced But Miners May Still Be Switching Off Post-Halving
14.5.2020
While bitcoin is fast reversing its pre-halving price drop, hash-rate data suggests miners are still leaving the network
Bitcoin Cash and BSV Hash Rates Surge Following BTC Halving
14.5.2020
The hash rates of BCH of BSV have recovered, after crashing hard following their April halvings. Mining profitability for BSV, BCH, and BTC is now roughly the same
Market Wrap: Some Miners Face an Uncertain Future Despite Rising Bitcoin Price
13.5.2020
A slowly rising bitcoin price might not help some miners run profitable operations now that the halving is in the past
2 Days After the Bitcoin Halving: Network ‘Remains Strong,’ Higher Fees, Bullish Sentiment
13.5.2020
On May 11, 2020, the Bitcoin network completed it’s third block reward halving and the network seems to be chugging along just fine. However, it may take a while longer to see the halving’s effect on the mining industry and right now bitcoin transaction fees have risen exponentially....
A Closer Look at the Bitcoin Network’s Post-Halving Hash Rate
13.5.2020
Bitcoin network hash rate experienced some decline, but the first difficulty adjustment post-halving will still see a positive adjustment
Bitcoin Miner Riot Blockchain Racks Up $221 Million Deficit
13.5.2020
Despite increasing revenue, Riot Blockchain’s first-quarter financials reveal that the company has relied on equity and debt financing to fund its operations
Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility
13.5.2020
On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116...
Bitcoin Network Is at Peak Health Post-Halving, Report Shows
12.5.2020
A report indicates that despite concerns over mining after the halving, the health of the Bitcoin network remains excellent
New Cryptic Chinese Operation Instantly Becomes Sixth-Largest BTC Mining Pool
12.5.2020
A new Chinese mining pool swiftly takes 5% of the Bitcoin mining pie, while its origins remain unknown
Mining Titan BHP to Use Blockchain for Iron Ore Sales to Top Steel Producer
12.5.2020
Multinational mining titan BHP Group expects to complete its first blockchain iron ore transaction with major Chinese steel producer Baosteel in the near future
4 Reasons the Bitcoin Halving Won't Trigger a Big ‘Miner Capitulation’
12.5.2020
Bitcoin miners are not likely to see capitulation and especially a “mining death spiral” after the 2020 halving due to four major reasons
Riot Blockchain’s Bitcoin Mining Revenues in Q1 Rise 70% Year-on-Year
12.5.2020
Biotech firm-turned-Bitcoin miner Riot Blockchain disclosed strong results for Q1 2020 in its latest quarterly report filed with the U.S. Securities and Exchange Commission
Chainalysis Claims Mining Pools Holding More Bitcoin anticipating Bitcoin Price Surge Following The Halving
12.5.2020
New York based blockchain investigation software enterprise Chainalysis claimed on Monday that as per its analysis, mining pools are holding more Bitcoin for the last few months in anticipation of the price surge that is expected after the scheduled halving. In a Twitter thread, it claimed having...
Final Block Mined Before Halving Contained Reminder of BTC’s Origins
12.5.2020
In the final block, Miner f2pool immortalized a NY Times article highlighting the similarities between the 2008 financial crisis and today
Up to 30% of Bitcoin Miners Close Shop as Business Turns Unprofitable After Halving
12.5.2020
About a third of Bitcoin (BTC) mining firms may already be switching off their machines as the business becomes unprofitable due to a reduction in mining rewards. The third Bitcoin halving – consummated earlier today – reduced supply of the pioneering cryptocurrency, cutting the bonus...
Hut 8 Mining Revenue Continues Decline in Q1
11.5.2020
Hut 8's Q1 2020 earnings fell, pulled lower by falling revenue, decreased EBITDA and increased collateral requirements