hash rate

China Forces Bitcoin Miners to Scale Down Amid Electricity Shortfall

With the dry season approaching, Bitcoin miners in China’s Sichuan province may be forced to reduce their electricity consumption. Prioritizing Communal Electricity Needs Over Crypto Miners According to Asia Times, authorities in Sichuan Province, China, are reportedly leaning on Bitcoin miners to cut down electricity consumption. This news comes amid the dry season in Southwest...
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Could Bitcoin Halving Lead to a Mining Collapse?

Many are pinning their hopes on next year’s bitcoin halving as the catalyst for another bull rally. There may be wider issues at large though, especially with regards to bitcoin mining. Bitcoin Halving 141 Days Away The countdown continues to bitcoin’s halving which has now been estimated on May 14, 2020. The widely anticipated event...
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Top Crypto Hash Rates Show Miners Betting Big on Bitcoin

Bitcoin hash rate has been performing exceptionally this year. Miners around the world clearly see a bright future for the leading crypto asset.The same cannot be said for other big projects in the industry. Whereas Bitcoin just hit a new all-time high hash rate, the likes of Ethereum, Bitcoin Cash and SV, and Litecoin have...
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Op Ed: Three Bitcoin Trends That Left Their Mark on 2019

It has been an eventful year for bitcoin. Digital Assets Data, which records, collates and analyzes cryptocurrency and blockchain transaction, value and popularity information, has identified a few essential trends as 2019 comes to an end. Here are three bitcoin trends that we’ve been following this year. Bitcoin as Digital Gold To begin with, anyone...
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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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LTC Hash Rate Crashes 70% After Litecoin’s Halving Event

The concept of a Litecoin bull run once upon a time looked very realistic but with the recent declines, looks like a fairytale. The cryptocurrency and altcoin famous for using blockchain to maintain a public ledger for all transactions is now dropping in terms of its value.There are not many Litecoin partnerships on the horizon...
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Why Bitcoin Mining is Still a Very Lucrative Venture

Bitcoin prices are still extremely volatile and, as we saw at the weekend, experience wild swings in both directions. This trend is likely to continue until distribution evens out and is not as ‘top heavy’. BTC mining, on the other hand, has had a much smoother ride in recent years. Cumulative Bitcoin Mining Revenue Tops...
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Are Miners Losing Interest In Bitcoin Cash?

Miners seem to be ditching Bitcoin Cash in droves, as hash rates continue to underperform. This has led to serious concerns as to the security of the network. Bitcoin Cash Hash Rate 0.1% Of Bitcoin Whilst BTC hash rates have climbed to record highs (even as markets have been going down), BCH power has languished. Bitcoin...
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How Bitcoin Fundamentals Have Strengthened Despite Bearish Price Sentiment

In terms of price Bitcoin has had a pretty rough week. The 8.5% slide had been largely predicted though and things are pretty bearish for cryptocurrencies at the moment. Fundamentally, the Bitcoin network continues to strengthen as the economies of the planet continue to weaken.Bitcoin Transfers $10 Billion Per DayIf Bitcoin is looking bad then...
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Bitcoin Hash Rate Approaching 120,000,000 TH/s Amid Market Crash

The Bitcoin Network is about to reach another hash rate milestone despite BTC falling more than $500 in a single day. Network Fundamentals Improving Despite Price Drop Data from Blockchain.com shows the Bitcoin Network hash rate currently at 114 quintillion hashes per second (114 million tera hashes per second — TH/s). This figure represents a...
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F2Pool Predicts Bitcoin Mining “Shutdown Price” But Hash Rate Steady

This article was originally published by 8btc and written by Lylian Teng. Amid the recent bitcoin price crash, Mao Shixing, founder of F2Pool, currently the world’s largest bitcoin mining pool, published a list of the “shutdown price,” below which cryptocurrency mining machines have to be shut down due to lack of profitability. According to Mao,...
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Bitcoin Hash Rate Heading to 100 EH/s: How Price, Halving and Security Are Involved

This article was originally published by 8btc and written by Vincent He. Computing power does not determine the price of cryptocurrency — on the contrary, the price of cryptocurrency affects computing power. Recently, there has been a heated discussion about Bitcoin’s hash rate with many people looking forward to seeing it break 100 exahashes per...
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Analyst: Bitcoin Hash Rate Drop “Never Took Place”

Bitcoin hasn’t had the best of weeks. Since Sunday, the cryptocurrency has fallen in price by more than 20%. Due to the sudden nature of this move, investors sought to figure out potential catalysts. As reported by Blockonomi, Joe DiPasquale, the CEO of BitBull Capital, looked to the lackluster launch of Bakkt coupled with a...
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Sure, the Bitcoin Price Flash Crashed, but Hash Rate Is Fine

Calm down, y’all. The Bitcoin hash rate isn’t plummeting, despite the headlines you may have read. In fact, it has already recovered — though that’s not even a completely accurate representation. On September 25, 2019, social media swirled with news that Bitcoin’s hash rate dropped a precipitous 30-40 percent. This was followed by bitcoin’s worst...
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BTC Price Drop & Perceived Bitcoin Hash Rate Slide: What Gives?

The bitcoin price experienced a considerable selloff on September 24th, sinking around 15 percent intraday from $9,700 to $8,250 at one point as the vast majority of the top 100 cryptocurrencies acutely slipped deeply into the red in the same span. With no direct relation to the bitcoin price’s Tuesday performance, September 24th also saw...
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Bitcoin (BTC) Price Down to $8,500 After Hash Rate Crash

Bitcoin price crashed late Tuesday, losing over $1,000 in more than an hour. BTC has dropped over $1,200 in the last 24 hours, and investors are wondering where the next stop is. Descending Triangle Turns Bearish Indeed Bitcoin has moved within a descending triangle, a pattern known to act as a bearish signal in technical...
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With 4.3 Million Bitcoin Mining Machines, Hash Rate to Hit 120 E by 2020

This article was originally published by 8btc and written by Lylian Teng. The bitcoin network currently has a whopping of 4.3 million mining machines running on it and the market is still seeing buying interest, with a need for 1.5 million more devices, according to Innosilicon, a China-based ASIC miner manufacturer. The surge in bitcoin...
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Bitcoin (BTC) Hash Rate Goes Past 102 Quintillion for the First Time

Bitcoin never ceases to amaze the crypto community. The pioneer cryptocurrency just set a new record with a network hash rate exceeding 102 quintillions for the first time. This is a new milestone for the cryptocurrency and entire crypto industry. According to blockchain data on September 18, Bitcoin (BTC) network hash rate went up to...
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BTC.com’s Bitcoin Mining Pool Dominance Threatened by Poolin

This article was originally published by 8btc and written by Lylian Teng. On September 16, 2019, BTC.com, Bitmain’s mining pool, lost its years’-long first place position to another China-based mining pool, Poolin, whose real-time hashrate read 13,378.00 PH/s at one point. BTC.com, supported by the advantages of Bitmain’s bitcoin mining machines, has been the largest...
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Litecoin Miners Are Abandoning The Ship After The Halving Event

Charlie Lee, the founder of Litecoin claims there is no interest for working on the Litecoin protocol as we are reading further today in the coming altcoin news. According to the leaked conversations between Charlie Lee and other actors involved, show that there is evidence of no significant work being done on the crypto node...
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Bitmain’s Antminer 17 Sold Out in Minutes. Will the Bitcoin Hash Rate Rise?

This article was originally published by 8btc and written by Lylian Teng. Bitcoin mining giant Bitmain launched two new Antminer 17 miners to the eager market on September 9, 2019. A day before the announcement, data from statistics and wallet provider Blockchain showed that the Bitcoin hash rate topped 94 EH/s to hit 100 EH/s....
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Litecoin’s Hash Rate and Price Crashes Down, What’s Next?

The coming altcoin news recently talk a lot about Litecoin and its dusting attack which was potentially done on August 10 and announced through the official Binance Twitter account. As the tweet notes, around 50 Binance Litecoin addresses received a fractional amount (0.00000546) of Litecoin, which was later identified by the exchange‘s security team as...
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Researchers Concur Current Bitcoin Market Cycle is Only Just Beginning

Bitcoin price cycles can be influenced by a number of factors, FOMO and public sentiment is one, and mining profitability and difficulty is another. Two separate Bitcoin data researchers have offered their insights as to why the current BTC market cycle still has a long way to go.BTC Mining Profitability and DifficultyOne measure of the...
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Flooding in China a Big Blow to Sichuan Bitcoin Mining Facilities

Bitcoin miners in China already have to deal with a government that wants to stamp out their industry. Add to that natural disasters such as flooding and landslides, and they have a full plate to contend with.Sichuan Bitcoin Farms Hit by FloodsAccording to government services, monsoon flooding in China during July and August has claimed...
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Canaan Reportedly Beats Bitmain to First US Bitcoin Mining IPO

Bitcoin mining giant Canaan creative has reportedly beat fellow Chinese crypto mining hardware manufacturer Bitmain Technologies to the punch by filing for an initial public offering (IPO) in the U.S. Canaan will be hoping to follow through on its plans at the second time of asking after allowing a similar filing with the Hong Kong...
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