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Bitcoin’s Hashrate Soars 42% Higher Over the Last 3 Months Following Crypto Asset’s 36% Price Increase

Bitcoin’s Hashrate Soars 42% Higher Over the Last 3 Months Following Crypto Asset’s 36% Price IncreaseWhile bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well. Since August 13, Bitcoin’s hashrate has climbed 42% from 110 exahash per second (EH/s) to today’s 157 EH/s. Moreover, after nine consecutive difficulty changes, going forward, […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Geographic Distribution Data Shows US Takes Leading Bitcoin Mining Position After China’s Crackdown

Geographic Distribution Data Shows US Takes Leading Bitcoin Mining Position After China’s CrackdownAfter China has reigned for a number of consecutive years as the dominant bitcoin mining epicenter of the world, the United States has “taken the leading position in bitcoin mining,” according to new data from Cambridge University. Data Shows US, Kazakhstan, Russian Federation Rule the Bitcoin Mining Roost In mid-July, researchers from the Cambridge Bitcoin […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Bitcoin Hashrate Climbs 128% Over 83 Days, Network’s Mystery Miners Disappear

Bitcoin Hashrate Climbs 128% Over 83 Days, Network’s Mystery Miners DisappearBitcoin’s hashrate has been climbing higher during the last two weeks, hitting 174 exahash per second (EH/s) on two occasions since June 28. Currently, Bitcoin’s network hashrate is coasting along at 158 EH/s, up 128% since the low 83 days ago when it hit 69 EH/s. Meanwhile, unknown hashrate has subsided a great deal as […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

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

University of Cambridge Bitcoin Mining Map Shows China’s Hashrate Dropped to 46%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 of China’s hashrate […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

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

Officials in Sichuan Instruct Bitcoin Miners to Shut Down Operations: ReportAccording 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. Sichuan Ya’an Energy Bureau Tells Bitcoin Miners […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

Bitcoin miner Poolin immortalizes El Salvador’s BTC adoption on the blockchain

El Salvador accepting Bitcoin as legal tender is now forever etched on the blockchain as mining pool Poolin adds a newspaper headline to block 686,938.

As is par for the course for Bitcoin (BTC), El Salvador becoming the first nation-state to adopt the cryptocurrency as legal tender is now immortalized on the blockchain.

Data from blockchain explorer service Blockchair shows block 686,938 bearing the message “asamblea aprueba la ley bitcoin” — meaning "assembly approves Bitcoin law" — which is the front-page headline carried by El Salvadoran daily Diario El Salvador on Wednesday.

Poolin, the third-largest Bitcoin mining pool by hash rate, was responsible for mining the transaction block that contained the message.

As previously reported by Cointelegraph, El Salvador’s legislature passed a bill to make Bitcoin legal tender in the country. Meanwhile, a wave of support for BTC among key government figures in Latin America continues to emerge to the excitement of several Bitcoin proponents.

Reacting to the growing trend, Chris Burniske, partner at blockchain-focused venture capital fund Placeholder VC, tweeted that move could be a means for Latin American nations to “strike back at dollars and debt.”

Earlier this week, former United States President Donald Trump doubled down on his Bitcoin stance, stating that BTC was competing with the U.S. dollar.

Poolin’s commemoration of El Salvador’s historic Bitcoin legalization move comes over a decade after BTC creator Satoshi Nakamoto etched The Times' front-page headline from Jan. 3, 2009, on the blockchain's genesis block:

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”

A few blocks in the Bitcoin blockchain also contain messages and other references meant to memorialize certain occasions.

When block height 666,666 came around back in January, the “winning miner” included a verse from the Bible: “Do not be overcome by evil, but overcome evil with good - Romans 12:21.”

In April, Coinbase had Bitcoin mining pool F2Pool embed a New York Times article in block 679,187.

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

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

Bitcoin Mining Difficulty Experiences This Year’s Largest Epoch Drop, Global Hashrate Slips LowerBitcoin’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 16% in less […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

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

Sichuan Energy Officials Plan to Meet in June to Discuss Bitcoin Mining ImplicationsEver 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 June 2, 2021, […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan

BTC Hashpower Swells: Bitcoin Network Touches 185 Exahash, Hashrate Climbs 18,400% Since 2016

BTC Hashpower Swells: Bitcoin Network Touches 185 Exahash, Hashrate Climbs 18,400% Since 2016During the last week, the Bitcoin network’s hashrate has jumped to a record high of 185 exahash per second on March 14, 2021. The hashpower has relentlessly continued to rise, climbing a whopping 18,400% in five years since January 21, 2016. Bitcoin Price Jumps Over 1,500% in a Year, Hashrate Climbs 18,400% in Five Years […]

Wall Street Giant Engages Tether on Pivotal Bitcoin Lending Plan