Mining Pools

An Iranian Think Tank Recommends the Use of Cryptocurrencies to Circumvent Sanctions

<div class=”featured_image_container”> </div> <strong>A think tank affiliated with the Iranian Presidency has unveiled a study report that encourages the use of cryptocurrencies in circumventing sanctions against the country. In addition, the report also claims the government could potentially “generate US$2 million a day and $700 million a year in direct revenue from cryptocurrencies.” </strong> Employment …

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Bitcoin Hits $50K, Crypto Asset Jumps 200% in 3 Months, USD Shorts Touch a Decade High

<div class=”featured_image_container”> </div> <strong>The price of bitcoin touched an all-time high surpassing the $50k handle on February 16, 2021. Cryptocurrency advocates celebrated the milestone as bitcoin has spiked more than 200% during the last 90 days and 400% against the U.S. dollar for the entire year.</strong> Bitcoin (BTC) has crossed the psychological $50,000 zone after …

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Rapid Profits: Bitcoin Hashrate Accelerates While Mining Difficulty Touches All-Time High

<div class=”featured_image_container”> </div> <strong>The Bitcoin network’s hashrate has been operating at very high processing speeds during the last few weeks, as the overall hashrate touched a whopping 171.2 exahash per second (EH/s) on Monday. Moreover, the network’s mining difficulty has also touched an all-time high (ATH) at 20.61 trillion, the highest difficulty the network has …

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Here’s 5 key Bitcoin factors to watch as new investors buy BTC in 2021

The end of 2020 has been lighting up crypto-centric subreddits and feeds of Bitcoin hodlers as the appetite for the digital bullion reaches an all-time high. The explosion has been accelerated via the adoption of the network by PayPal, along with the long-sought out stamp of approval from respected figures like Michael Saylor, Jack Dorsey, …

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Analysts: Institutional Investor Interest Fueling BTC Rally, Liquidity Crunch Narrative Debunked

<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=”https://scoreit.online/wp-content/uploads/2020/11/daw_1456x360-50.jpg” alt width=”1456″ height=”360″></a></div><strong>Crypto analysts are pushing back against the narrative that the current <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> rally is being fuelled by a liquidity crunch afflicting bitcoin mining pools in China. The liquidity crunch, which is caused by …

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Jumping into the pool: How to earn a profit mining Bitcoin and Ether

For the past several months, miners around the world have been extremely active, which can be seen through spikes in hash rates that coincided with a significant increase in the prices of cryptocurrencies. At the beginning of 2020, Ether (ETH) could be bought for $130, and now, ETH has reached $500. The king of cryptocurrencies, …

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The rise of major Bitcoin mining institutions is inevitable

There are very few investments that can deliver an infrastructure-style downside case with a venture-capital-style upside. The combination of energy arbitrage with accumulating a balance sheet of Bitcoin (BTC) can deliver this. That is why we are seeing a rush of institutions pouring into the Bitcoin mining space and starting to build out megafacilities. Securing …

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‘Slippery slope’ as new Bitcoin mining pool censors transactions

Blockchain analytics platform BlockSeer has launched the private beta version of a new Bitcoin (BTC) mining pool (Blockseer Mining Pool) that censors transactions from blacklisted wallets. The pool will use BlockSeer and Walletscore’s labeling data among other verified sources, such as the United States Office of Foreign Assets Control (OFAC) blacklist for crypto, to identify …

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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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