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Bitcoin Network’s Mining Difficulty Drops 3.9% to 70.34 Trillion, Easing Miner Workload Amid Texas Cold Snap
20.1.2024
On Saturday, the Bitcoin network experienced its first difficulty reduction of the year, witnessing a 3.9% decrease at block height 826,560. As a result, the network’s mining difficulty now stands at 70.34 trillion, with the next adjustment anticipated on Feb. 4, 2024. Bitcoin Difficulty...
Bitcoin’s Hashrate Hits Record 549 EH/s in Early 2024 Amid Rising Difficulty and Lower Hash Price
7.1.2024
As the first week of 2024 concluded, Bitcoin’s hashrate shattered another lifetime high on Jan. 6, achieving an unprecedented 549 exahash per second (EH/s). Though the hashrate dipped post-Dec. 25, 2023, falling from 546 EH/s to a low of 510 EH/s, it rebounded amidst a declining hash price...
New Year, New Record — Bitcoin’s Difficulty Rises 1.65% in First 2024 Retarget
6.1.2024
Bitcoin’s network difficulty experienced its first increase of 2024 on Jan. 5, at block height 824,544, rising 1.65% to an unprecedented network peak of 73.2 trillion. This inaugural adjustment of the year succeeds the 27 dynamic shifts witnessed in 2023, including a total of 20 increases....
5 Mining Pools Dominated in 2023, Discovering Over 84% of Bitcoin’s Blocks
31.12.2023
Over the past year, statistics reveal that 54,002 bitcoin blocks have been mined from Dec. 30, 2022, to Dec. 30, 2023. Leading the industry this year, Foundry USA topped the charts by mining 16,492 blocks in the past 12 months. Additionally, miners navigated through a total of 27 difficulty...
Bitcoin Closes 2023 With 27 Dynamic Difficulty Adjustments, Netting a 74% Rise in Mining Challenges
27.12.2023
Three days ago, on Dec. 23, 2023, Bitcoin marked its 27th and final difficulty adjustment for the year. This year witnessed 27 shifts in epochs, with the most substantial one on Jan. 15 at block 772,128, seeing a surge in network difficulty by 10.26%. Bitcoin’s Year: 20 Ups, 7 Downs Total...
Bitcoin Mining Difficulty Hits Record 72 Trillion Amid Hashrate Surge and $600M Spent on ASICs in December
24.12.2023
On Dec. 23, 2023, Bitcoin’s mining difficulty soared to a record level at block height 822,528. The difficulty surged by 6.98%, marking the most substantial escalation in nine months, since March 23. This increment set a new precedent, making the discovery of block rewards more arduous than...
Ripple CEO Brad Garlinhouse Fires At SEC Over Crypto Noncompliance Comments
22.12.2023
Source: Adobe/Kristina Blokhin Ripple CEO Brad Garlinghouse has lashed out at the US Securities and Exchange Commission (SEC) chair Gary Gensler, accusing him of “stunning hypocrisy” in the crypto industry. Garlinghouse’s criticism comes in response to Gensler’s recent...
Bitcoin Blockchain Surpasses Half-Terabyte Amid Soaring Transactions and Increased Block Capacity
20.12.2023
Although bitcoin’s price hasn’t eclipsed its historic peak, this year the network has shattered multiple records. These include reaching the highest level of difficulty, achieving an all-time high in total hashrate, and setting a new record for daily confirmed transactions. In 2023...
Bitcoin Difficulty Set for Upturn Amid Escalating Hashrate and Soaring Miner Fees
16.12.2023
After the last adjustment that resulted in a slight 0.96% reduction, the upcoming difficulty retarget on Dec. 23, 2023 is anticipated to bring about an increase, eclipsing the previous decline, as the hashrate regains its upward trajectory. The seven-day average hashrate reached a low of...
Bitcoin’s Difficulty Drops for First Time Since September
12.12.2023
The latest figures reveal that on Dec. 9, 2023, at block height 820,512, Bitcoin experienced a 0.96% decrease in its difficulty rating. This decline marks the first since Sept. 19, 2023, interrupting a streak of six successive difficulty hikes. Concurrently, Bitcoin’s total hashrate...
SEC Faces Difficulty in Serving Lawsuit to Richard Heart, Hex and PulseChain Founder – What’s Going On?
27.11.2023
Source: Adobe The United States Securities and Exchange Commission (SEC) is encountering difficulties in serving a lawsuit against Richard Schueler, also known as Richard Heart, the founder of Pulsechain, PulseX, and the controversial project Hex. On July 31st, the SEC filed a lawsuit against Heart...
Bitcoin’s Mining Difficulty Hits Record High With Sixth Consecutive Rise
26.11.2023
On November 25, 2023, the Bitcoin network marked its sixth consecutive difficulty rise, reaching a new peak at block 818,496. The difficulty soared by 5.07%, setting a record high of 67.96 trillion, a level that will persist until the next adjustment on December 9, 2023. Bitcoin’s Difficulty...
Bitcoin Hashrate Hits Historic 500 EH/s Peak
23.11.2023
On November 22, 2023, data revealed that Bitcoin’s hashrate, as calculated on a seven-day moving average, attained an unprecedented level of 500 exahash per second (EH/s), which is tantamount to about 0.5 zettahash per second (ZH/s). Additionally, with just over a week remaining until...
With 93% of Bitcoin’s Supply Mined, Network’s Hashrate and Difficulty Surge in Synchrony
19.11.2023
On Sunday, November 19, 2023, Bitcoin’s hashrate maintained a steady pace at 468 exahash per second (EH/s), surpassing the intended ten-minute block interval average. The most recent block was processed in just 7 minutes and 37 seconds. Present observations suggest that if this trend...
Bitcoin Difficulty Hits Record 64.68 Trillion Amid 5 Straight Increases Since September
12.11.2023
On Sunday, November 12, 2023, Bitcoin’s difficulty metric climbed 3.55%, reaching a new peak of 64.68 trillion at block height 816,480. This adjustment marks the fifth consecutive rise in the network’s difficulty since September 19. Bitcoin Difficulty Rises 3.55% Higher The quest...
Bitcoin Price Prediction: BTC Stabilizes Near $35,000 Amid SEC Hiring Woes & Rising Fees
7.11.2023
As the digital currency market continues to evolve, Bitcoin faces a new set of challenges and endorsements. Currently priced at $34,901, Bitcoin has seen a slight decline of 0.25% as of Tuesday. The US Securities and Exchange Commission is grappling with its own set of issues, particularly...
Bitcoin Network Shatters Records With Hashrate Climbing to 464 EH/s
1.11.2023
While the price of Bitcoin has found stability, and the network’s difficulty remains fixed at 62.46 trillion until November 12, 2023, a different story unfolds in the hashrate department. Here, the seven-day average showcases a record-breaking moment for the network on November 1....
Bitcoin Difficulty Soars to Record 62.46 Trillion, Miners Unfazed Amidst Tight Competition Between Foundry and Antpool
30.10.2023
On October 29, 2023, Bitcoin’s difficulty rose 2.35%, reaching a record 62.46 trillion. This uptick represented the fourth consecutive rise over the preceding six weeks. The next difficulty epoch is slated for November 12, 2023, and as it stands, the recent spate of increases seems to have left...
Bitcoin Miners Brace for 4th Consecutive Difficulty Surge Amidst Hashrate Surge
28.10.2023
Despite facing a formidable difficulty level of 61.03 trillion, bitcoin miners are gearing up for their fourth consecutive difficulty rise set to unfold on October 30, 2023. Surprisingly, the previous three surges in difficulty failed to thwart Bitcoin’s hashrate, which soared to an all-time...
Bitcoin Miners Sail Through Over 400 Difficulty Changes With 13 More Anticipated Before the Halving
18.10.2023
In 189 days or 27,000 blocks, Bitcoin’s block reward is anticipated to halve. Within this period, around 13 adjustments in Bitcoin’s difficulty are expected. The network’s difficulty indicates the complexity of finding a hash below a particular target, essentially representing...