1. Home
  2. hashprice

hashprice

Bitcoin Network Sees Second Largest Difficulty Reduction of 2024

Bitcoin Network Sees Second Largest Difficulty Reduction of 2024On July 4, 2024, the Bitcoin network experienced its second-largest difficulty reduction since the year’s start. The mining difficulty decreased by 5%, falling from 83.67 trillion to 79.5 trillion. Second Major Difficulty Reduction of the Year Hits Bitcoin Network Bitcoin’s mining difficulty dropped by 5% this week at block height 850,752 on July 4. This […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low

Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic LowBitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6 a.m. EDT on July 4, 2024, the price per petahash dropped to $44.842 per PH/s. The dollar value of daily mining revenue per petahash of […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Bitcoin Miners’ June Revenue Dips Slightly Below May

Bitcoin Miners’ June Revenue Dips Slightly Below MayThe revenue generated by bitcoin miners slightly declined in June, totaling $963.67 million, down from May’s $964.24 million. Additionally, the hashprice, or the expected value of one petahash per second (PH/s) of hashpower, decreased from $57 per PH/s to the current $48. Bitcoin Miners’ Hashprice and Revenue Decline in June Miners faced challenges during the […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall

Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues FallWith bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $50 and hovering just above $47 per PH/s. Declining Bitcoin Value […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Competitive Pressure Builds for Bitcoin Miners as Hashprice Swings

Competitive Pressure Builds for Bitcoin Miners as Hashprice SwingsBitcoin’s hashrate experienced an uptick this week, briefly surpassing 600 exahash per second (EH/s) and currently stabilizing at 598 EH/s. The hashprice, which represents the expected value of 1 petahash per second (PH/s) of hashing power per day, is about $57 per petahash. Mining Centralization Grows as Bitcoin Hashrate and Revenues Shift As of June […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice

Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in HashpriceBitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in onchain fees. However, by the following day, bitcoin fees had substantially decreased, causing the hashprice to […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Luxor and Bitnomial launch Bitcoin mining derivatives product

The new crypto derivatives product allows investors to speculate on future hashrates and hashprices.

Bitcoin (BTC) mining firm Luxor Technology Corporation and Bitnomial Inc. have launched a Bitcoin mining derivative product on Bitnomial’s United States derivatives exchange. 

On May 28, Bitnomial announced the launch of Hashrate Futures, a derivative futures contract for trading the computing power of the Bitcoin blockchain.

Bitnomial claimed the product, trading under the ticker HUP, offers a way for miners to hedge their revenue and for investors to gain exposure to the Bitcoin mining hash rate.

Read more

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Bitcoin Hashrate Hits Record High, Surpasses Pre-Halving Levels

Bitcoin Hashrate Hits Record High, Surpasses Pre-Halving LevelsBitcoin’s hashrate has rebounded to the historic highs seen just before the fourth reward halving event. According to the seven-day simple moving average, the network’s hashrate reached a record 657 exahash per second (EH/s) this week. Bitcoin Hashrate Reaches Unprecedented 657 EH/s Following a significant drop post-halving, much of the hashrate has returned to the […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Shifting Sands of Bitcoin Mining: How Hydro-Cooling Tech is Leading the Charge Post-Halving

Shifting Sands of Bitcoin Mining: How Hydro-Cooling Tech is Leading the Charge Post-HalvingNow that the halving has occurred and fees are at a six-month low, the profitability of application-specific integrated circuit (ASIC) mining rigs has shifted significantly. It is now essential to ensure electricity is inexpensive and machines are efficient in terms of joules per terahash. The following is an examination of today’s top six ASIC miners […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704

Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704Bitcoin’s mining difficulty increased by 1.48% at block height 844,704, reaching 84.38 trillion. This adjustment aligns with Bitcoin’s overall hashrate exceeding the 600 exahash per second (EH/s) mark. Bitcoin Network Difficulty Increases by 1.48% On May 23, 2024, at block 844,704, the difficulty adjusted from 83.14 trillion to 84.38 trillion. This rise follows a 5.62% […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change