Hashrate

Bitcoin Network’s Mining Difficulty Sees Largest Epoch Drop Since 2011

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/411174″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/11/daw_1456x360-5.jpg” alt width=”1456″ height=”360″></a></div><strong>Bitcoin’s mining difficulty saw the second-largest drop in history on Tuesday, as the difficulty dropped to 16.78 trillion, losing a touch over 16% since last week’s all-time difficulty high. The last time bitcoin’s mining difficulty dropped so low …

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Mempool Clog: Bitcoin Hashrate Drops 40%, Backlog Shows Over 100K Unconfirmed Transactions

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/398592″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/10/lottery_exclusive_728x180_copy2-3.jpg” alt width=”728″ height=”180″></a></div><strong> The Bitcoin network hashrate has dropped significantly over the last four days sliding from a high of 161 exahash per second (EH/s) to 90 EH/s on October 27. Today, the Bitcoin hashrate has improved a hair as …

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‘A Race Toward Zero’: With Hashrate in the Clouds, Bitcoin Mining Is Less Profitable Than Ever

Bitcoin mining profitability is in the basement, seeing all-time lows in 2020. Conversely, Bitcoin’s hashrate has surged throughout 2020, propelled in part by mining farms financing new hardware to boost their operations. Bitcoin’s hashrate has taken a dip as China’s wet season comes to an end, but mining professionals predict this will only be temporary, …

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Hash Watch: 73% of Bitcoin Cash Blocks Mined With BCHN, Poloniex Launches Fork Futures

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/387399″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/10/wb_728x180-33.jpg” alt width=”728″ height=”180″></a></div><strong>The Bitcoin Cash (<a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a>) upgrade is 21 days away and there’s a possibility the blockchain may bifurcate on November 15. On Sunday, October 25, statistics show that 731 out of the last 1,000 …

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‘Oracle’ Vinny Lingham Expects High Bitcoin Volatility, BTC Price Likely to Hold $12K Handle for 30 Days

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/398639″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/10/lottery_major_1456x360_btc-5.jpg” alt width=”1456″ height=”360″></a></div><strong>Four years ago, Vinny Lingham predicted bitcoin’s bull run and a number of bitcoiners have referred to him as the “oracle.” On Twitter, Lingham is once again giving his predictions on bitcoin’s future prices. He’s also noted this …

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Bitcoin Posts a 66-Day Consecutive Streak Above the $10K Price Range

The Bitcoin network has achieved a few new milestones during the last week, as the price has remained above the $10k range for a record 66 consecutive days. Meanwhile, the network has surpassed 18.5 million bitcoin issued, as the global hashrate coasts along at an all-time high of 140 exahash per second (EH/s). As of …

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Cumulative Ethereum Transaction Fees in 2020 Supersede Bitcoin’s by a Long Shot

5 Major Banks Exposed for Moving Trillions for Mobsters, Onecoin, and Drug Cartels According to the International Consortium of Investigative Journalists (ICIJ), five major global banks have been exposed funneling trillions of dollars in criminal funds in the recently leaked FinCEN Files. The massive leak is 2,100 documents spanning from 2000 to 2017 … read …

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BCH Hash Watch: Majority of Miners Signal BCHN, Coinex Exchange Announces Futures

Bitcoin Cash proponents have recently noticed that the last 612 blocks or more than 61% of the last 1,000 blocks have been mined using BCHN, according to Coin Dance statistics. Moreover, data also shows that 82% of Bitcoin Cash hashpower is signaling BCHN, as the prominent miners Btc.com and Antpool have started signaling. BCH fans …

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Bitcoin Hashrate Ramps to 130 Exahash Amid Next-Generation Miner Shortage

$1 Trillion in Housing Bonds: US Real Estate Crisis Held Back by Fed’s Mortgage Purchases The U.S. real estate market is facing a conundrum, as there’s now a tidal wave of renters who can’t pay rent and a massive number of mortgage defaults stacking up like never before. Amid the looming real estate chaos, the …

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The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power

The SHA256 hashrate that secures the Bitcoin network has grown massively during the last few years, as Bitcoin’s processing power has touched all-time highs in 2020. Moreover, the gigawatts of electrical consumption powering industrial bitcoin mining today consumes as much as seven nuclear power plants. Bitcoin mining is a process where groups of miners compete …

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