Miners Are The Biggest Risk Facing The Bitcoin Price
The bitcoin mining industry is under pressure as hash price reaches new lows, hash rate hits new all-time highs and the difficulty adjustment keeps going up. The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.As Hash Rate Soars, Parallels to 2018 Arise On October 23, bitcoin mining difficulty saw an upwards adjustment of 3.44% (after the previous adjustment of 13.55%), pushing mining difficulty....
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Coinotron is way too close to 51% of the Litecoin Network Hashrate. The Litecoin Community is currently coming together to deal with one of cryptocurrency's most existential threats: that of a 51% attack. At this point, Coinotron has not attempted any sort of malicious activity. In fact, Coinotron has stated that: "I have contacted with our biggest miners. We are working on solution to mitigate risk of Coinotron's hashrate raising over 50% of LTC network hashrate." However, in the days since that message, Coinotron's hashrate has not dropped at all. For the last several days, Coinotron has....