Mining

Bitcoin Mining Power Has Hit Record Highs

Bitcoin (BTC) is seeing more computational power invested in coin generation than ever before. As of Jan. 6, Bitcoin’s mining network has reached a hashrate of 120 exahashes per day. This number has been growing steadily over the past decade, but it has grown significantly in recent months. In the last year alone, the network...
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Bitcoin hashrate surges to all-time high after Chinese government pressures miners to scale down operations

Just after regional authorities reportedly urged Bitcoin miners to reduce electricity consumption in Sichuan — a province that could account for up to 50 percent of global hash power — BTC’s hash rate rocketed to a new all-time high. Asia Times reported December 29th that Sichuan state authorities held a meeting with local power operators...
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BTC’s Hashrate Touches 120 Exahash, But the Price Has Not Followed

On January 1, the BTC network hashrate touched an all-time high at close to 120 exahash per second (EH/s). Despite the crypto market lull and lower BTC prices, the 2020 milestone happened just before the blockchain’s 11th anniversary. BTC’s curious jump in hashrate has the cryptosphere wondering whether or not the price truly follows hashpower....
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Debate Ensues After 68% of BCH Hashrate Mined by Stealth Miners

2019 was known for the growing trend of stealth miners mining on the BTC and BCH network. On Dec. 30, data shows that 68% of the Bitcoin Cash network’s hashrate is being mined by mystery miners. As the year comes to an end, the large number of unknown BCH hashrate has attracted scrutiny. Also Read:...
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Hashing Ahead: A Look at Bitcoin Mining in 2020

The December 2019 report on the Bitcoin mining network from CoinShares Research, a division of the digital asset management firm, presented an industry in good health at the end of the year, with a hash rate that had almost doubled in the previous six months, a new generation of more powerful and efficient technology on...
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Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season

Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. Two hydropower stations have been fined already for powering bitcoin farms without authorization. Also...
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Bitmain and Canaan to Reveal 5nm Bitcoin Mining Chips in 2020

Two of the largest bitcoin mining chip manufacturers have plans to equip their products with 5nm chips in the near future. Just recently, China-based manufacturer Bitmain purportedly produced the world’s first 5nm test-grade bitcoin mining chip and more efficient mining rigs will see mass production next year. The firm Canaan also recently announced that the...
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5 Nanometer Canaan Chip To Compete With Bitmain’s ASICs

It’s almost here – 2020 will be a big year for the distributed ledger technology (DLT) and as the blockchain news suggest, we could be seeing the following seven trends at the start of a new decade.1.SuperiorityThere are more and more scenarios where distributed ledgers are applicable. First in the list of the seven trends...
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Xilinx Enters Crypto Mining Market, A Threat To Smaller Altcoins?

A major securities regulator in the United States has labeled cryptocurrency investment as a top investor threat – and one of the five biggest threats for 2020. We are talking about the North American Securities Administrators Association (NASAA) which is the oldest international investor protection organization.In an official announcement, the regulator listed the top five...
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Another Bitcoin All-time High as the Hashrate Keeps Spiking

Many factors influence the popularity and value of bitcoin. When looking at the overall network hashrate, the current situation doesn’t look half bad. In fact, bitcoin’s mining power reached a new all-time high earlier this week. Bitcoin Hashrate Grows Seems Unstoppable It only seems like a year or two ago when seeing bitcoin pass 1...
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Asset manager: This key indicator means the Bitcoin bottom is in

Over the past few days, Bitcoin (BTC) has started to show signs of life, surging as high as $7,700 on the morning of Dec. 23. As of the time of writing this, the cryptocurrency is changing hands for $7,300, up nearly 15 percent from the brutal $6,400 low put in last week. While bears argue...
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Coinmine One: Waste of Money or Bitcoin Mining Innovation?

We took apart a Coinmine One and talked to CEO Farbood Nivi to get an insider look at the mining gadget taking the cryptocurrency world by storm. “The whole point of crypto is that there is no guaranteed money anywhere.”                              ...
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HODL Or Mining: Is Bitcoin Mining Worth It In 2020?

The cryptocurrency community is usually divided into three major camps when it comes down to potential ways to earn money. The first is inhabited by traders, believing that the best way to make profits is to take advantage of the volatility in the market by trading. The second comes in the form of long-term investors,...
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Our 10 Favorite Bitcoin Magazine Podcasts of 2019

One of the great things about producing podcasts covering the Bitcoin space is that there is no shortage of enlightening, bizarre and intellectually challenging conversations to be had. Strangely enough, Mark Beylin, an intrepid and perhaps disenchanted member of the Ethereum community might have said it best in a recent tweet:  With that in mind...
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NiceHash Stops Victims’ Repayment After $80 Million Hack

According to the Pakistani President Dr. Arif Alvi, the nation’s industrial sector must get ready for dealing with the challenge that disruptive technology like AI, blockchain, and IoT, pose. How will he be able to do that, we take a closer look in the blockchain latest news.New technologies are emerging and they are developing across...
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Bitmain Supplies 4,000 Antminer S17 Pros to Nasdaq-listed Company

At a time of intense competition in the bitcoin mining space, Nasdaq-listed crypto mining firm, Riot Blockchain, is ramping up operations. The company has purchased over 4,000 Bitmain Antimer S17 Pros for its Oklahoma mining facility in the last month. Riot Blockchain Bought 3,000 Bitmain Miners on Dec 4 You may not have heard of...
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This Bitcoin Metric Could Trigger the Next BTC Bull Run

There are a number of varying metrics that Bitcoin analysts use to predict future price movements of the asset. One rarely used oscillator takes BTC energy value into account and it is flashing bullish at the moment. Bitcoin Energy Value? Okay, so this metric may not be as popular as other recently used ones such...
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Vertcoin 51 Percent Attack Showcases Security of ASICs

Pseudonymous blockchain blogger Hasu has released an analysis of the latest Vertcoin attack. Published on the Deribit blog, the article makes a credible argument that ASICs enhance blockchain security by introducing an incentive to act in the interests of the network. The Altcoin Case for ASIC-Resistance As Bitcoin evolved, so did the prevalence of Application...
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Bitcoin is This Decade’s Best Investable Asset

Bitcoin has had its share of unnerving time periods – but over the last decade, it has been one of the best investable assets. Appearing as a “black swan”, BTC reached extraordinary valuations. Bitcoin Became a ‘Wild Card’ for Personal Finance Acquiring $1 worth of BTC in 2010 would translate into more than $90,000 today,...
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2019’s Bitcoin Miners Are 5x Faster Than Predecessors

High-powered bitcoin miners and next-generation semiconductors go hand in hand and as process node technology grows, SHA256 hashrate follows. Coinshares’ recent bi-annual mining report highlights that newly introduced mining rigs have “as much as 5x the hashrate per unit as their generational predecessors.” Advanced chip technology has grown relentlessly and it’s significantly bolstered ASIC device...
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Bitcoin Miner Manufacturer Canaan’s Shares Crash 40%

Canaan shares recently crashed by as much as 40% on Nasdaq, which was likely caused by the continuous pressure on Bitcoin price. Bitcoin miners are in a tight spot once again, as Bitcoin’s price continues to experience pressure. Miners were known to withdraw from the mining industry when the price dropped in 2018, simply because...
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Mining Report Shows 65% of Bitcoin’s Hashpower Stems From China

As the end of 2019 approaches, Coinshares Research has published its bi-annual mining report that contains informative research and observations about the bitcoin mining industry. Since Coinshare’s last report published in June, BTC’s hashrate grew by 50 exahash per second (EH/s) and the firm believes a decent portion of the power stems from China. Also...
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Bitmain Announces Expansion In South America: Report

The Cryptopia liquidators from the New Zealand crypto exchange successfully recovered about $11 million in the past six months but they claim that the process is still very difficult so let’s find out more in the upcoming crypto news.In the reports by the Cryptopia liquidators, Grant Thornton confirmed that the receipts from May up to...
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IDEG Reports Launch of New Bitcoin Trusts in Asia With Coinbase as Custodian

According to a recent press release from IDEG Investment Limited, “Asia’s First Bitcoin Trusts” have been launched “as a traditional and comfortable way for ‘old money’ to invest in digital assets.” The two trusts, Asia Bitcoin Trust I and Atlas Mining Trust I, reportedly allow for investors to gain wrapped exposure to bitcoin and to...
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China Continues to Dominate Global Bitcoin Mining, But for How Long?

New research shows that China’s dominance of the total Bitcoin hash rate continues to grow. The nation reportedly now accounts for around 66 percent of all the computing power supporting the Bitcoin network at present.China has historically been the leader in global Bitcoin mining. However, with large mining operations coming online in the US and...
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Bitcoin miner capitulation may be too early to determine as hash rate recovers

The threat of Bitcoin miner capitulation in the near-term has subsided, as the hash rate of the network recovered. Up until late November, the hash rate of the Bitcoin network was hovering at around 80 exahash. Since then, it has rebounded to around 100 exahash, reducing concerns regarding a potential sell-off by miners. Hash rate...
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Bitcoin Hashrate Futures Coming in 2020, Mining Boom Inbound?

Mining companies may benefit from a growing market for Bitcoin (BTC) derivatives to finance and support their power-hungry operations. In 2019, despite price fluctuations, mining activity remains near all-time highs. Bitcoin Mining Turned into Large-Scale Business Mining is becoming large-scale business in 2019, with big pools and ASIC producers once again coming into the spotlight....
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Bitmain Changes Mining Sales Strategy After Co-Founder Wu Returns

Bitmain changes its mining sales strategy to stop the decline in market shares after the return of the co-founder of the company Jihan Wu. In our cryptocurrency news today, we find out more about the strategy. During a customer event hosted by Bitmain in Chengdu, China, Wu showed up on stage for the first time...
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Bitcoin History Part 21: Miners Pour One out for Satoshi

There are a few ways of looking at bitcoin mining. As an ostensibly selfish enterprise, wherein miners are seeking to extract precious coins for profit. And as a community of individuals who envisage a better way of generating, handling and using money, and are motivated to secure the Bitcoin network. The truth is probably somewhere...
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Bitcoin Mining Operations Offer New Strategies Before Reward Reduction

As the reward halving approaches, bitcoin miners are preparing new strategies so customers can reap the most profits from their hashrate services. On December 3, the mining operation Poolin introduced a hashrate auto-switch feature so clients can automatically switch between BTC and BCH mining. Moreover, a few days later at Bitmain’s annual customer appreciation meeting,...
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