U.S. Mining Stocks Drop Almost 50% Despite Hashrate Increasing
The Cambridge Center for Alternative Finance, a financial research institute affiliated with Cambridge University, has found that the Bitcoin hashrate was up by 4% in August from the previous year, from 35% to 39%. But, still, the mining stocks have seen declines in the last month, with Bitcoin prices going down. The concluded figure involves BTC.com, Via BTC, and Pooling data. Cryptocurrency mining involves verifying and broadcasting the transactions on the relative blockchain ledger. It is a computationally-intensive process that opens doors for validators (who validate transactions) to....
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Bitcoin’s hashrate experienced a large drop of almost 35% in a single day. The hashrate plummeted from 108 exahash per second (EH/s) yesterday to today’s 69 EH/s, seeing one of the sharpest declines in the network. This might be a consequence of the situation going on with miners in China. Numbers further estimate a mining difficulty drop of around 23.7% next week. Bitcoin Hashrate Plummets The Bitcoin hashrate, the amount of work that secures the Bitcoin network, has experienced a sharp decline in the last week. In just a day, the hashrate dropped from 108 EH/s to 69EH/s, a....
An interesting shift seems to be happening in the world of Bitcoin mining, as one of the largest mining pools is going through a significant dip in hashrate right now. AntPool is one of the mining pools testing the Bitcoin Classic solution, although not in an official “live” capacity just yet. The recent drop in hashrate on the mining pool can be attributed to many possible factors, yet some people feel Antpool needs to switch to Bitcoin Classic before it is too late. The Antpool Mining Hashrate Drop. While it is not uncommon for mining pools to report variable hash rates on a 24- or....
On-chain data shows the 30-day moving average of the Bitcoin mining hashrate is close to setting a new all-time high. Bitcoin Mining Hashrate (30-Day MA) Has Surged Up Recently As pointed out by an analyst in a CryptoQuant post, the BTC mining hashrate has been moving higher in recent days. The “mining hashrate” is an […]
Bitcoin’s mining difficulty has seen a massive drop this week, as the metric slid 12.6% and was the largest difficulty drop in 2021. The mining difficulty decline follows the recent electrical outages in China which had affected the network’s hashrate to some degree. Following the difficulty drop, Bitcoin’s hashrate is climbing northbound again nearing the 200 exahash per second zone. Bitcoin’s Mining Difficulty Drops 12% Allowing the Hashrate to Climb Higher On April 18, 2021, Bitcoin.com News and a number of crypto publications reported on Bitcoin’s (BTC)....
On Saturday, Bitcoin’s SHA256 hashrate managed to climb back above the 100 exahash per second region after it slid to a low of 91 EH/s three days ago. Meanwhile, in five days the network’s mining difficulty change is approaching and it could see the difficulty drop over 20%. Bitcoin Hashrate Climbs Back Above 100 EH/s, Difficulty Could Drop More Than 20% Next Week Statistics show that bitcoin (BTC) miners are processing blocks a lot faster, as the hashrate has improved during the last 48 hours. On June 26, 2021, the network’s hashrate jumped back above the 100 EH/s zone.....