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Bitcoin Hashrate Reaches All-Time High, Boost Could Lead to Record-Setting Difficulty Increase

Bitcoin Hashrate Reaches All-Time High, Boost Could Lead to Record-Setting Difficulty IncreaseDuring the first week of the new year, Bitcoin’s hashrate reached an all-time high (ATH) on Jan. 6, 2023, at block height 770,709. The network recorded a milestone of around 361.20 exahash per second (EH/s) on Friday, jumping more than 4% higher than the previous record of 347.16 EH/s recorded on Nov. 12, 2022. Network’s […]

Defi Frenzy: Dex and Perpetuals Smash $52.81B in January’s First 4 Days

Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022

Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it will remain at this point for the next two weeks or 2,016 blocks. Bitcoin Miners Catch a Break as the Network’s Difficulty Drops […]

Defi Frenzy: Dex and Perpetuals Smash $52.81B in January’s First 4 Days

Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs

Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining RigsDuring the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022, statistics show if miners paying for electricity pay roughly $0.12 per kilowatt hour (kWh), only three application-specific integrated circuit (ASIC) […]

Defi Frenzy: Dex and Perpetuals Smash $52.81B in January’s First 4 Days

Bitcoin’s Mining Difficulty Taps a Lifetime High, Glassnode Says BTC Miners Remain ‘Under Immense Pressure’

Bitcoin’s Mining Difficulty Taps a Lifetime High, Glassnode Says BTC Miners Remain ‘Under Immense Pressure’On Sunday, Nov. 20, 2022, Bitcoin’s difficulty rise erased the recent 0.20% decline recorded two weeks ago, as the difficulty metric rose by 0.51% at block height 764,064. The increase on Sunday has pushed the difficulty rating to another all-time high, from 36.76 trillion to the current 36.95 trillion. Bitcoin Difficulty Reaches All-Time High Nearing […]

Defi Frenzy: Dex and Perpetuals Smash $52.81B in January’s First 4 Days

Bitcoin’s Mining Difficulty Shrinks for the First Time in 4 Weeks

Bitcoin’s Mining Difficulty Shrinks for the First Time in 4 WeeksBitcoin miners caught a small break late Sunday evening (ET) after the network’s mining difficulty dropped 0.20% lower than the difficulty rating two weeks prior. The drop is the first mining difficulty decrease in four weeks, as the metric changed from 36.84 trillion to 36.76 trillion. Bitcoin Miners Catch a Miniscule Break as the Network’s […]

Defi Frenzy: Dex and Perpetuals Smash $52.81B in January’s First 4 Days

Bitcoin’s Top Mining Pool Foundry USA’s Hashrate Climbed 350% in 12 Months

Bitcoin’s Top Mining Pool Foundry USA’s Hashrate Climbed 350% in 12 MonthsLast year, Bitcoin’s total network hashrate was around 160 exahash per second (EH/s), and 15 known mining pools dedicated hashrate to Bitcoin on Nov. 6, 2021. At that time, the mining pool Foundry USA was the fifth largest mining pool with 18.44 EH/s dedicated to the Bitcoin chain. During the last 12 months, Foundry has […]

Defi Frenzy: Dex and Perpetuals Smash $52.81B in January’s First 4 Days

3 Bitcoin Mining Records Set in October — BTC Hash Price Taps Lifetime Low, While Hashrate and Difficulty Surged

3 Bitcoin Mining Records Set in October — BTC Hash Price Taps Lifetime Low, While Hashrate and Difficulty SurgedThis month bitcoin’s hash price tapped an all-time low of $66,500 per exahash on Oct. 25, according to statistics from the onchain market intelligence firm Glassnode. Alongside this, the network’s mining difficulty reached a lifetime high at 36.84 trillion on Oct. 23. Despite the high mining difficulty and the lower prices, Bitcoin’s total hashrate reached […]

Defi Frenzy: Dex and Perpetuals Smash $52.81B in January’s First 4 Days

Mining Rig Manufacturer Canaan Launches 2 New ASIC Bitcoin Miners With up to 130 Terahash

Mining Rig Manufacturer Canaan Launches 2 New ASIC Bitcoin Miners With up to 130 TerahashOn Monday, bitcoin mining rig manufacturer Canaan Inc., announced the launch of the company’s latest high-performance bitcoin miners called the A13 series. Canaan has revealed two models in the A13 series, which feature “improved power efficiency over its predecessors,” and the new models produce an estimated 110 to 130 terahash per second (TH/s). Canaan Launches […]

Defi Frenzy: Dex and Perpetuals Smash $52.81B in January’s First 4 Days

Bitcoin’s Mining Difficulty Jumps 3.44% Higher Reaching Another Lifetime High

Bitcoin’s Mining Difficulty Jumps 3.44% Higher Reaching Another Lifetime HighBitcoin recorded another mining difficulty rise on Sunday, October 23, 2022, at block height 760,032 rising 3.44% higher. This means that not only is it 3.44% harder to find a bitcoin block subsidy, the network’s mining difficulty has also reached another all-time high (ATH) by tapping 36.84 trillion. Bitcoin’s Mining Difficulty Adjusts Upwards by 3.44%, […]

Defi Frenzy: Dex and Perpetuals Smash $52.81B in January’s First 4 Days

An Unknown Miner Commands More Than 51% of BSV’s Hashpower, Consecutive Strings of Empty Blocks Makes Chain Unreliable

An Unknown Miner Commands More Than 51% of BSV’s Hashpower, Consecutive Strings of Empty Blocks Makes Chain UnreliableA single miner has managed to overtake a large portion of the Bitcoinsv (Bitcoin Satoshi’s Vision) blockchain capturing more than 80% of the hashrate on October 17. Today, the unknown miner’s hashpower commands around 54% of the Bitcoinsv’s computational power and during the last seven days, the stealth miner captured 64.5%. Unknown Hashpower Captured 64% […]

Defi Frenzy: Dex and Perpetuals Smash $52.81B in January’s First 4 Days