At 11:06 a.m. Eastern Time (ET) on April 29, 2023, at block height 787,500, the number of blocks left to discover until the next Bitcoin blockchain halving is now fewer than 52,500 blocks. This means the network has progressed 75% through the 210,000-block halving cycle, which will ultimately result in a reduction of the block
Despite a 9.95% increase last week and the all-time high difficulty, bitcoin’s hashrate has averaged around 305 exahash per second (EH/s) over the past 30 days. According to current data, the hashrate has been around 308 EH/s over the past 2,016 blocks. The next difficulty change, set to occur on March 10, is estimated to
As Ordinal inscriptions approach the 150,000 mark, blocks larger than 3 MB have become commonplace, with many blocks near the 4 MB range. Meanwhile, after the average transaction fee on-chain rose 122% higher at the beginning of February 2023, the average fee has remained the same over the last few weeks and is currently coasting
Core Scientific, Riot, and CleanSpark led the way in increasing Bitcoin production in January helped by better weather conditions and stable electricity prices. The first production update of 2023 from publicly listed Bitcoin (BTC) mining companies shows a steady increase in hash rate and a surge in BTC production compared to the previous month, according
Mining cryptocurrency can be a good way to earn money, but it takes a lot of effort and knowledge to get into. While you will be able to make money if you get started right away, it’s not an easy task to do. However, many people are able to make money because they are dedicated …
A Guide to Mining Cryptocurrency Using a Mobile Phone Read More »
BTC.com, the seventh-largest Bitcoin mining pool, said that its client fund services are unaffected by the recent $3 million cyberattack. Major cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of funds by the company and its customers.BTC.com experienced a cyberattack on Dec. 3, with attackers stealing around $700,000 in client
Big Oil’s influence over the Bitcoin network is growing stronger due to surging hash rates and distressed mining companies. Surging Bitcoin (BTC) network hash rates are causing problems for mining companies but might be rolling out the red carpet for energy giants.The Bitcoin hash rate, the amount of computing power given to the blockchain through
Introduction Back when it was launched in 2009, Mining Bitcoin was very lucrative for those who were savvy enough to recognise the opportunity this virtual currency created. Indeed by setting up a mining rig early, some people got very rich with Bitcoin in the initial period after its launch, when one individual bitcoin could be …
Tips for Mining Bitcoin in 2022: What Are the Best Ways? Read More »
Bitcoin looks like a different planet this year, according to several popular on-chain metrics. Bitcoin (BTC) bear markets come in many shapes and sizes, but this one has given many reason to panic.BTC has been described as facing “a bear of historic proportions” in 2022, but just one year ago, a similar feeling of doom…
Bitcoin miners have had a tough month, with revenue and profitability tanking in May. Hash rates remain high, however. Bitcoin (BTC) mining revenue and profitability have continued to slide along with the asset’s price this year as the crypto winter deepens.May has been one of the worst months for Bitcoin miners in the past year…
Illegal gold miners will cease their operations when gold is no longer as valued as bitcoin, solving the destruction of ecosystems in the Amazon.Puerto Maldonado in Peru’s Madre de Dios province feels like a frontier town. Dusty streets, ramshackle buildings, new construction and the hustle and bustle of people who want to make it. Tourists…
There are three primary ways to take your Bitcoin participation to the next level: secure your keys, run a node and start mining from home.Congratulations and welcome to the Bitcoin network! This is the beginning of an exciting adventure full of countless resources, lots of helpful mentors and online friends who can become in-person friends…
Introduction Are you ready to get on the cryptocurrency game? Do you think you have what it takes to start mining cryptocurrency? With the ever-changing methods of mining cryptocurrency, you need to stay on track if you want to make a profit as a miner. Lucky for you, we’re here to help. Read on to …
This Christmas, enjoy a poem that shows the transformation of the bitcoin mining investment sector.I wandered lonely as an investorThat floated around the mining sectorFirst came Hut 8, Riot, Argo and HiveBarely struggling to remain aliveWaiting for them to have bloomed2021 was the year they moonedAlong came Marathon, DMG and BitfarmsThese new names had their…
Following the latest report from Cambridge University that shows a large percentage of the Bitcoin network’s hashrate resides in the United States, the CEO of Twitter and Square, Jack Dorsey, has announced that Square is considering building a “bitcoin mining system based on custom silicon.” Square Considers Building a Mining System On the same day…
The difference between the two is becoming more and more apparent as bitcoin is poised to challenge the world’s monetary system.The below article was originally published in Marty’s Bent Issue #1069: “Bitcoin Is Separate From ‘Crypto'”There are many out there who believe that Bitcoin falls under the “crypto” umbrella. This could not be further from…
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