Hashrate

Crypto Long & Short: 51% Attacks and Open-Source Value

Human ingenuity finds a way around limitations. Sometimes these limitations are obstacles in the way of progress, and creative thinking comes up with new paths. Sometimes these limitations are a lack of knowledge, and experimentation pushes the boundaries of the possible. And sometimes the limitations are rules, which a few believe don’t apply to them, …

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Flooding Threatens China’s Bitcoin Miners, Chinese Billionaire Says ‘Three Gorges Dam Collapse Imminent’

This week cryptocurrency enthusiasts are still focused on the severe flooding in China during the 2020 monsoon season. The flooding has already displaced millions of Chinese citizens and skeptics are concerned about the vast number of bitcoin miners located in the Sichuan province. The landlocked province in Southwest China, Sichuan is located upstream of the …

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Ethereum Price Creates GPU Shortage, Some Manufacturers Blame Nvidia

During the last four weeks, cryptocurrency markets have gathered significant value, and the crypto asset ethereum gained over 40% during the last 30-days. The price of ether moving northbound has caused a strain on the graphics processing unit (GPU) market, as ETH miners have become scarce. Regional reports stemming from China explain that GPU miners …

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Bitcoin Difficulty Touches All-Time High, 120 Exahash of Hashpower Remains Strong

700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its … read more. The …

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Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China

It’s been approximately 37 days since the notorious Bitcoin reward halving that took place on Monday, May 11, 2020. On June 16, the Bitcoin network saw a large upwards difficulty adjustment making it much harder to mine bitcoins and slowing down the issuance rate because block generation has slowed down. Furthermore, a recent research report …

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Bitmain’s Cofounder Accused of Hindering Next-Gen Bitcoin Mining Rig Shipments

Chinese Government Crackdowns and Cheap Hydropower- Miners Migrate from North to South China China-based bitcoin miners have started to migrate southbound from North China, according to local reports. The operators are having difficulties and are transitioning mining facilities for cheap hydro-powered electricity. Testimonials also show that 64 mining operations in the prefecture in … read …

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A Number of Small Bitcoin Mining Farms Are Quitting as Older Mining Rigs Become Worthless

Amid Youtube Censorship, Individuals Flock to Decentralized Video Sharing Apps Like Lbry.tv In mid-May, news.Bitcoin.com reported on one of our mining pool videos being censored and banned from the video-sharing platform Youtube. The report had shown how Youtube has been censoring videos for a long time now, and the CEO specifically told … read more. …

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Bitcoin Hashrate Spikes to 120 Exahash: Difficulty Drops Allowing Miners to Rejoin the Competition

China Passes Law Protecting Cryptocurrency Inheritance China has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under the new law. Meanwhile, several Chinese courts have recently ruled that bitcoin and … read more. American Panic Led to the Creation …

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Bitmain Unveils Cheaper T19 Bitcoin Miner to Regain Lost Market Share

Bitmain on Monday released the Antminer T19, a cheaper bitcoin mining machine, in an effort to regain lost market share. The Beijing-based company said the Antminer T19 has computing power or hashrate of 84 terahash per second (TH/s) and power efficiency of 37.5 joules per terahash (J/TH). The latest hardware is modeled after Bitmain’s more …

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Bitcoin Hashrate Slides 33% Since Halving – Difficulty Drops, Issues in Sichuan China

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 mining operations have …

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