Bitcoin mining difficulty soars as hashing power nudges 1 Petahash
The hash rate of the bitcoin network has exceeded (or is very close to) 1 Petahash per second (PH/s), according to various charts online. TradeBlock, which runs its own mining dashboard, reported that the computational power on the bitcoin network exceeded 1,000,000GH/sec over the weekend. As of last night, it was showing that the hash rate had crept down again to just under 914,000GH/s (914TH/s). Blockchain.info had a lower estimate, suggesting a hash rate of a little under 950TH/s last night, while Bitwisdom put it at 955TH/s at the time of writing. Bitcoincharts had it at less - around....
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This is a press release by Ghash. IO and does not represent our views. Read our earlier post about the situation here: WARNING: GHASH. IO IS NEARING 51% - LEAVE THE POOL. Bitcoin mining pool GHash. IO is preventing accumulation of 51% of all hashing power. GHash. IO, the worlds largest and most powerful mining pool, has entered 2014 with overall hashing power of over 40%, making it the #1 pool currently in the Bitcoin network. The pool has gained significant hashing power due to the 0% pool fee, merged mining of alt coins, excellent real-time data presentation as well as quality 24/7/365....
newsBTC has received an official press release from the folks over at GHash. IO regarding the on-going threat of the mining pool getting 51% or more of total network hashing power mere hours following the publication of a story indicating the pool had reached 42% network hashing power. "The pool has gained significant hashing power due to the 0% pool fee, merged mining of alt coins, excellent real-time data presentation as well as quality 24/7/365 support service," the statement reads. Hashing power on GHash. IO is made up of 45% BitFury ASIC miners and 55% independent miners, according to....
MGT Capital Investments, a New York-based investment firm led by John McAfee that recently began a bitcoin mining operation in Washington has announced a full capacity production output of 2.6 PetaHash during the first phase of its operation. MGT Capital revealed the completion of the first phase of its operations at its bitcoin mining facility in Washington. Announced in early July 2016, the mining facility was established near a low-cost hydropower station and was expected to generate over 2 PetaHash in processing power soon after operations began on August 1, 2016. That number has been....
The Bitcoin network's mining difficulty has increased by 8.13% earlier today. Thanks to the rapid expansion of cryptocurrency mining facilities across the world. Mining Bitcoin just became harder. The Bitcoin network has witnessed the difficulty level increase by 8.16% earlier today due to shortened block generation times. The Bitcoin network is probably the largest among all cryptocurrencies. Based on the Proof of Work consensus algorithm, the amount of processing power involved in Bitcoin mining is huge, equivalent to a bunch of supercomputers. The total hashing power of Bitcoin network....
Bitcoin block difficulty has jumped yet again. This time, we're looking at a 26% increase to 1,789,546,951, according to this chart at Bitcoin Wisdom. What is bitcoin mining difficulty? In simple terms, it's how difficult it is for a miner to discover a block. By design, the bitcoin protocol calls for an increase in bitcoin difficulty every 2016 blocks. As more and more powerful bitcoin miners come online, it is necessary to slow the rate at which new bitcoin is mined to prevent all 21 million units from being discovered prematurely. If you take a look at the chart above, you'll see the....