Exponential leap in Bitcoin hash rates
We have just observed a significant step up in the difficulty of Bitcoin hashes. This has come after a sharp rise in the total number of hashes per second on the Bitcoin network. Over the past 24 hours the hash rate has jumped from 127701 GH/s to 148527GH/s, according to Blockchain.info. This is one of the fastest and biggest changes in the history of the bitcoin protocol and demonstrates a continuing exponential growth in not just the difficulty of the proof-of-work calculations, but in the computing power being brought to bear on generating the currency. Difficulty over time, click image....
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Bitcoin Mining hash rates are important security metrics as they signify the network’s overall resistance to malicious attacks. Hash rates also measure a blockchain network’s ability to process transactions. Calculations of hash rates may enable miners to forecast their profitability. Changes in hash rates impact the mining flexibility, profitability, and the number of miners in […]
Mining hardware leasing service BetaRigs is preparing to roll out a new contract rental feature in partnership with cloud mining platform Mintsy. The partnership will enable BetaRigs customers to effectively rent out hash rates to Mintsy customers when the feature goes live early next month. The Mintsy mining platform, announced in September, is a joint venture between digitalBTC and digital currency exchange Cryptsy. The partnership will enable clients of the BetaRigs service to plug into a larger hub of potential customers as Mintsy moves toward the completion of its beta testing period,....
Volatility seems to be a key component of bitcoin. It's still early days, but the unregulated nature of this decentralized currency contributes to its price volleying up and then down. The same can be said about bitcoin hash rates, a measure of the currency's overall network strength. This statistic also does its fair share of bouncing around, and although most people don't notice it, it is rather capricious like pricing can be. Will hash rate betting gain traction? Bitcoin's hash rate volatility is a risk to miners who are trying to profit from solving calculations in order to create new....
Last month, the top public bitcoin miners increased their hash rates and bitcoin holdings.
If you are an aspiring crypto investor, Bitramo is now offering a series of exciting investment opportunities tailor-made for you. This crypto start-up stormed into the market earlier this year with three mining rigs that have already claimed their stake as the most profitable mining hardware ever created. Making things even better, you don’t need to be a technology geek to make a profit using Bitramo miners. Bitramo’s product range currently comprises of Ramo1, Ramo 2, and Ramo X, three cutting-edge 3nm ASIC miners. Many industry experts feel that these three rigs are the most powerful....