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Bitcoin Steady Above $11,400 as Hashrate Reaches New High
14.10.2020
Bitcoin's record hashrate indicates fundamentals are stronger than ever, according to Skew Markets
Bitcoin Is Undervalued, Fair Value Price Should Be $15,000, Says Analyst
25.9.2020
Bloomberg cryptocurrency analyst Mike McGlone says bitcoin is greatly undervalued, suggesting that its fair value price should currently be somewhere around $15,000. The price of bitcoin (BTC) has see-sawed between $10,000 and $12,400 over the last few weeks, often tumbling sharply following what...
Venezuela Passes Law Legalizing Crypto Mining, Forces Miners to Join National Mining Pool
24.9.2020
Reports say Venezuela has now legalized bitcoin mining following the decree recently issued by the National Superintendency of Crypto Assets and Related Activities (Sunacrip). As part of the new regulations, all entities and individuals interested in legally mining bitcoin and other...
Bitcoin Hashrate Ramps to 130 Exahash Amid Next-Generation Miner Shortage
13.9.2020
Regional reports from China have highlighted that a number of major Chinese ASIC mining rig manufacturers have sold out of their next-generation model stock. The shrinking supply of high-performance machines may be due to the shortage of 7nm and 8nm chips from TSMC and Samsung. Bitcoin miners...
Bitcoin hashrate remains strong during monsoon season
11.9.2020
Mining operations in China were not adversely affected by the heavy rains
Report: Russia Remains a ‘Key Market for Crypto,’ Commands the 3rd Largest Bitcoin Hashrate in the World
27.8.2020
The fervor for cryptocurrency assets in Russia has grown wild over the last few years. This week Xangle Research published a comprehensive report about digital currencies and the Russian environment in 2020. The study’s findings show that Russia is one of the world’s key players when...
Bitcoin Hashrate Falls 25% in 3 Days, Miners Unplug as Floods Hit China
18.8.2020
With heavy rainfalls and flooding hitting Southwest China’s Sichuan province, the global computing power dedicated to mining bitcoin (BTC) has now dropped by about a quarter, as some Sichuan-based miners have been forced to unplug from the network.
The bitcoin computing power, usually referred...
Bitcoin’s Hashrate Hits Record High 130 EH/s, as BTC Price Faces Resistance at $12,000
17.8.2020
Bitcoin’s seven-day average hashrate has reached a new all-time high of 130 exahash per second (EH/s) – a feat that might positively influence the asset’s price, while adding to the fundamental strength of the Bitcoin network. According to the latest data from charts.Bitcoin.com...
Bitcoin Price Holds Below $12K Even as Hash Rate Hits All-Time High
17.8.2020
Bitcoin's hash rate has soared to record highs, some analysts say it might kick the price out of its rut
Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus
12.8.2020
Kazakhstan has proposed legislation that would see a 15% tax imposed on bitcoin mining firms. This is part of efforts to raise money to help with the fight against the coronavirus pandemic. Proposed by the country’s Ministry of Economy, the new tax plan requires bitcoin (BTC) miners to first...
Bitcoin Hashrate Might Double In a Year, Pressing Miners' Margins
20.7.2020
Source: Adobe/Татьяна Палладина
Bitcoin (BTC) hashrate, or the computational power of the Bitcoin network, could rise 120% in a year, but the price of the coin needs to follow so that the profitability for miners wouldn't drop, according to a recent research.
In their latest report, commissioned...
Report Cuts China’s Bitcoin Mining Capacity to 50% of World Total, Raises US’ to 14%
18.7.2020
A new report by crypto research company Bitooda claims that China accounts for only 50% of global Bitcoin mining capacity, and the U.S. 14%. The data is in sharp contrast with earlier findings from the University of Cambridge Centre for Alternative Finance (CCAF), which put China’s share...
Bitcoin Mining Difficulty Sets New Record High 2 Months After Halving
13.7.2020
Two months after the network's halving event, it's harder than ever to mine bitcoin
Bitcoin Price Poised for ‘Imminent’ Breakout As Network Hashrate Hits Record Highs
8.7.2020
The price of bitcoin could see an ‘imminent’ breakout, according to the latest Glassnode data. The data firm says bitcoin (BTC) has been flashing bullish for the past six weeks amid positive onchain activity. Meanwhile, the BTC network hashrate has continued to grow, with the seven-day...
Bitcoin Hashrate Spikes to 120 Exahash: Difficulty Drops Allowing Miners to Rejoin the Competition
7.6.2020
The Bitcoin hashrate is up this weekend after the network experienced it’s fourth negative difficulty adjustment this year. The Bitcoin (BTC) protocol’s difficulty adjustment dropped over 9% on June 4, giving miners who shut off their machines a chance to join the competition once...
Bitcoin Hashrate Bounces Back- 2x the Mining Pools, Farm Diversification, 100 Exahash
30.5.2020
Around 18 days ago, the Bitcoin protocol experienced it’s third block reward halving and the network saw a 33% hashrate loss. Since then, however, bitcoin miners have increased in both number and hashpower, as the network has seen a 15-20 exahash per second (EH/s) increase. Moreover, on...
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...
Crypto Derivatives Exchange FTX Launches Bitcoin Hashrate Futures
15.5.2020
On Friday, Cryptocurrency derivatives exchange FTX launched a hashrate futures tool that allows Bitcoin (BTC) miners to hedge against mining difficulty risk. Hashrate, the amount of processing power dedicated to a Bitcoin network at a given time, determines the strength and security of the network....
FTX Launches Futures Contracts on Bitcoin Hashrate
15.5.2020
In what is likely to be the first such offering in the world, a crypto derivatives exchange has announced the launch of a new futures market that represents hashrate, or the computational power, of the Bitcoin (BTC) network.
Announced today by Sam Bankman-Fried, CEO of crypto derivatives exchange...
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