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Bitcoin Difficulty Increases 6% — It’s Still 48% Easier to Find BTC Blocks Than It Was 30 Days Ago

<div class=”featured_image_container”> </div> <strong>As expected, Bitcoin’s mining difficulty increased this week jumping 6.03% higher on July 31. The change marks the first increase out of five difficulty adjustment changes. This was after four downward difficulty drops made it 54% easier to mine bitcoin than it was prior to mid-May.</strong> Bitcoin’s Mining Difficulty Increases 6%, Difficulty …

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ETH Compatible BCH Sidechain Smartbch Successfully Launches Three Nodes

<div class=”featured_image_container”> </div> <strong>The day before the fourth Bitcoin Cash anniversary, the Smart Bitcoin Cash team (Smartbch), announced the project has launched three nodes as genesis validators. Smartbch disclosed that Btc.com, Viabtc, and Matrixport are participating and the project has officially started its voting period.</strong> Smartbch Fires up Smart Chain’s Genesis Validators For quite some …

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Bitcoin Mining Difficulty Parameter Set to Increase for the First Time in 8 Weeks

<div class=”featured_image_container”> </div> <strong>Bitcoin’s hashrate has slowly crept back up between 85 exahash per second (EH/s) to 125 EH/s on July 14. The increase in hashpower has made it so the next mining difficulty change will increase for the first time in eight weeks. The four consecutive difficulty drops turned out to be the largest …

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University of Cambridge Bitcoin Mining Map Shows China’s Hashrate Dropped to 46%

<div class=”featured_image_container”> </div> <strong>After the researchers from the Cambridge Bitcoin Electricity Consumption Index (CBECI) project said that the website’s “Bitcoin Mining Map” had not been updated since April 2020, the map has finally been updated. Current data from the mining map shows the coverage goes all the way up until April 2021, and the estimate …

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Bitcoin Blocks Will Soon Be 27% Easier to Find — Miners Brace for the Largest Difficulty Drop in BTC’s Lifetime

<div class=”featured_image_container”> </div> <strong>Bitcoin, the leading crypto asset in terms of market capitalization, has seen the cryptocurrency’s network hashrate drop considerably during the last two weeks. On Saturday, July 3, the network’s mining difficulty will see the largest epoch drop in history as the difficulty is set to slide by more than 27%.</strong> Bitcoin Difficulty …

Bitcoin Blocks Will Soon Be 27% Easier to Find — Miners Brace for the Largest Difficulty Drop in BTC’s Lifetime Read More »

Figuring Out How Much Bitcoin Hashrate Resides in Mainland China Still a Mystery

<div class=”featured_image_container”> </div> <strong>Over the last few weeks, there have been many reports about crackdowns in China tied to bitcoin mining operations in various provinces. 30-day statistics show the hashrate has been fluctuating wildly, and across the last week it has slid downward roughly 26%.</strong> Reports Show Bitcoin Mining Crackdowns in Five Chinese Provinces Despite …

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Officials in Sichuan Instruct Bitcoin Miners to Shut Down Operations: Report

<div class=”featured_image_container”> </div> <strong>According to regional reports, bitcoin miners in Sichuan have been told by the Ya’an municipal government that they have until June 25 to shut down operations. Sichuan has been eyed closely in recent times as it’s estimated that a large demographic of miners are situated in the region.</strong> Sichuan Ya’an Energy Bureau …

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Bitcoin Mining Difficulty Experiences This Year’s Largest Epoch Drop, Global Hashrate Slips Lower

<div class=”featured_image_container”> </div> <strong>Bitcoin’s mining difficulty dropped this week at block height 685,440 and saw the largest negative drop of the year losing close to 16%. Overall the global hashrate has dropped around 2% since the price fell below the $40k handle. Currently, the mining difficulty is around 21 trillion, and it could drop another …

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Sichuan Energy Officials Plan to Meet in June to Discuss Bitcoin Mining Implications

<div class=”featured_image_container”> </div> <strong>Ever since government officials in China started talking about cracking down on bitcoin mining and reiterating crypto guidelines from 2017, digital currency proponents and the media have been focused on this region. Just recently, a Chinese state-backed online publication revealed that the Sichuan Energy Regulatory Office plans to hold a meeting on …

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Chinese Firm Bit Mining Invests $9M to Build 100 Megawatt Bitcoin Farm in Kazakhstan

<div class=”featured_image_container”> </div> <strong>Shenzhen-based Bit Mining is planning to construct and operate a 100 MW crypto-mining data center in Kazakhstan. The project will be implemented in partnership with two local companies that will also provide the enterprise with an array of services. The total amount of the investment will exceed $9 million. </strong> Kazakhstan to …

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