Bitcoin’s Computational Power Falls 9.95% After Record Hashrate

September 18, 2024 Bitcoin.com

Bitcoin

Recent metrics reveal that after Bitcoin’s network hashrate reached an all-time high of 693 exahash per second (EH/s) and saw a 3.58% difficulty increase, its computational power decreased this week. In the nine days since this peak, the hashrate has fallen by 9.95%. Bitcoin Miners Confront Economic Hurdles as Bitcoin Hashrate Dips Bitcoin miners are […]

China Unearths Massive Gold Veins That Could Reshape Global Markets

Bitfarms accelerates 2.2 EH/s hosting agreement with Stronghold

September 14, 2024 Coin Telegraph

Bitcoin mining

According to Bitfarms, the mining hardware was originally scheduled to be deployed in Yguazu, Paraguay sometime in December 2024.

Mining company Bitfarms recently announced it entered into a hosting agreement with Stronghold Digital Mining to bring an additional 2.2 exhashes per second (EH/s) of computing power online during October 2024—two months ahead of schedule.

The agreement will add 10,000 Bitmain T21 miners to Bitfarms' Panther Creek facility in Pennsylvania and commence on October 1, 2024.

Ben Gagnon, CEO of Bitfarms, touched on the expansive potential of the company's sites in Pennsylvania and said the sites would be key to diversifying the company's business operations. Gagnon explained that the sites:

China Unearths Massive Gold Veins That Could Reshape Global Markets

Cleanspark Expands Bitcoin Mining Operations by Acquiring 7 Tennessee Facilities

September 12, 2024 Bitcoin.com

Acquisition

Cleanspark Inc. has unveiled plans to acquire seven bitcoin mining facilities in Knoxville, Tennessee. The $27.5 million deal is expected to boost the company’s current mining capacity by 5 exahash per second (EH/s) by 2024, representing a 22% increase in its operational hashrate. Cleanspark to Acquire 7 Bitcoin Mining Facilities in $27.5M Deal, Boosting Hashrate […]

China Unearths Massive Gold Veins That Could Reshape Global Markets

Bitcoin’s All-Time High Difficulty Challenges Miners as Revenue Falls

September 11, 2024 Bitcoin.com

Bitcoin

On Sept. 10, Bitcoin’s mining difficulty rose 3.58% higher bringing the network’s difficulty to a new all-time high of 92.67 trillion. The news follows Bitcoin’s overall hashrate rising near the 700 exahash per second (EH/s) range when it tapped 693 EH/s. Rising Bitcoin Difficulty Puts Pressure on Miners Bitcoin’s difficulty now makes it 3.58% more […]

China Unearths Massive Gold Veins That Could Reshape Global Markets

State Regulator Warns of Crypto Fraud After Investor Loses $750K

September 11, 2024 Bitcoin.com

State Regulator Warns of Crypto Fraud After Investor Loses 0K

bitcoin.com

The Washington State financial regulator has issued a warning about potential cryptocurrency fraud involving a mining platform and wallet. A Washington investor was scammed out of over $750,000 after investing. Despite the investment supposedly growing to $1.4 million, the investor faced continuous demands for taxes and fees. Washington Investor Scammed Over $750,000 in Crypto Mining […]

China Unearths Massive Gold Veins That Could Reshape Global Markets

Fractal Bitcoin Absorbs Over 35% of Bitcoin’s Hashrate After Mainnet Launch

September 10, 2024 Bitcoin.com

Antpool

Data reveals that after Fractal Bitcoin’s mainnet went live, the project’s block explorer indicates the blockchain now controls over 35% of Bitcoin’s total hashrate. While Bitcoin hums along at an impressive 681 exahash per second (EH/s), Fractal Bitcoin’s sidechain has attracted about 241 EH/s of merged mining hashpower. Fractal Bitcoin Captures More Than 240 EH/s […]

China Unearths Massive Gold Veins That Could Reshape Global Markets

Putin Acknowledges Russia as a Bitcoin Mining Leader; 54,000 BTC Mined in 2023

September 10, 2024 Bitcoin.com

Bitcoin (BTC)

During his speech at the Eastern Economic Forum, President Vladimir Putin stated that Russia had become one of the world leaders in bitcoin mining. He explained that this was made possible due to the energy surplus that can be leveraged in areas like Siberia, but also warned that these activities should not hinder the region’s […]

China Unearths Massive Gold Veins That Could Reshape Global Markets

Bitcoin’s Hashrate Reaches 692 EH/s, Nearing 700 EH/s Milestone

September 9, 2024 Bitcoin.com

Bitcoin

After breaking the July 25, 2024 record on Saturday, Sept. 7, Bitcoin’s hashrate has kept climbing, now reaching an impressive 692.28 exahash per second (EH/s) on Sept. 8, which is more than 13 EH/s above the previous level. Bitcoin Smashes Another Hashrate Record, Climbing 66 EH/s in a Week On Sunday, Sept. 8, 2024, Bitcoin’s […]

China Unearths Massive Gold Veins That Could Reshape Global Markets

Bitcoin Hashrate Hits Record High as Prices Drop Below $55K

September 8, 2024 Bitcoin.com

Bitcoin

As bitcoin dipped below $55K this week, something quite interesting happened behind the scenes. On Sept. 7, 2024, the network’s computational power hit a new lifetime high. The seven-day simple moving average (SMA) for Bitcoin’s total hashrate climbed to 679 exahash per second (EH/s) on Saturday, a slight bump of 2 EH/s over the previous […]

China Unearths Massive Gold Veins That Could Reshape Global Markets

Russia to Prioritize Supplying Energy for Social Development Over Bitcoin Mining

September 7, 2024 Bitcoin.com

Bitcoin (BTC)

Russia will prioritize using its energy for social development instead of Bitcoin mining, according to the Ministry of Energy. Energy Minister Sergei Tsivilev stressed that if there is a surplus in certain areas, this power can be supplied to legal and registered energy miners operating outside the “gray” zone. Russia Will Not Prioritize Supplying Energy […]

Mining

Share this video