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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...
South Korean Crypto Tax ‘Coming Next Year for Traders, Miners & ICOs’
27.5.2020
South Korean ministries have pledged to impose tax on cryptocurrency trading and crypto mining “from next year.”
Per reports from E Daily and Decenter, the Ministry of Economy and Finance is preparing to make an amendment to the existing Income Tax Act that will include clauses about taxing...
Miners, Gaps and a Giant Short: 5 Things to Know for Bitcoin Price Now
25.5.2020
A basket of bearish signals suggests further problems for BTC/USD, but a higher CME futures gap is among the causes for hope this week
Bitcoin Miners Will Use Derivatives Like Traditional Commodity Producers
23.5.2020
Miners need traditional financial products in order to hedge against the risk of increasing hash rate and difficulty
Iranian President Calls for Launching a Cryptocurrency Mining Strategy
23.5.2020
Iranian President Hassan Rouhani has called for a mining strategy throughout the oil-rich nation. The latest statements from the Iranian President follows Iran’s moves to restrict specific crypto trading platforms over “currency smuggling” mandates. On May 20, 2020, Iran’s...
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...
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...
Bitcoin Miners To Experience First Post-Halving Difficulty Adjustment
18.5.2020
The first post-halving Bitcoin (BTC) mining difficulty adjustment is tomorrow, and it's likely bringing much-needed relief to BTC miners that experienced their third pay cut a week ago.
Just six days ago, following the historic third halving of BTC mining reward - lowering the block subsidy from...
45 Older-Generation Bitcoin Miners Are Unprofitable After the Reward Halving
17.5.2020
On May 11, the Bitcoin network experienced its third block reward halving, which had chopped the 12.5 BTC reward to 6.25 coins following the event. It’s been close to a week later, and data stemming from mining rig profitability websites show that more than 45 older generation devices are...
Lawsuit Claims Nvidia Misrepresented $1B in Sales to Crypto Miners
16.5.2020
Nvidia investors accuse the firm of intentionally misrepresented over $1 billion in sales to crypto miners
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....
First Mover: Bitcoin’s Hot Again, and Crypto Miners Are Hoarding – Or Are They?
15.5.2020
Bitcoin is rallying again, and some analysts are taking a closer look at data extracted from the underlying blockchain for signals on whether cryptocurrency miners are buying or selling. Or if they're HODLing
Market Wrap: Bitcoin’s Price Up 12% Since the Halving
14.5.2020
Bitcoin has seen double-digit gains in price since the halving. Institutional investors doing more trading in crypto options on CME is a sign of continued interest
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 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
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
Some Bitcoin Miners Flock to Bitcoin Cash And Bitcoin SV
13.5.2020
While it might take weeks until we have a clear picture of the Bitcoin network after its third halving, it looks like some of its miners have already turned to Bitcoin Cash (BCH) and Bitcoin SV (BSV).
BCH saw its hashrate almost doubling on the day of BTC's halving, on May 11. As reported, after...
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....
First Mover: Dull Bitcoin Halving Salvaged By Satoshi Tribute in Block 629,999
12.5.2020
A coded-in message on the blockchain harked back the the genesis of the original cryptocurrency