Bitcoin Hashrate Slams Down After New ATH As Price Continues Struggle

Bitcoin’s hashrate climbed to an all-time high (ATH) this week touching 166 exahash per second (EH/s) on October 14. Meanwhile, despite the recent price rise and hashrate ATH on Wednesday, only a small group of next-generation mining rigs are profiting at current bitcoin exchange rates. The price of bitcoin (BTC) is hovering just above the $11K region and during the last few days, the network’s hashrate has touched a new ATH. At the time of writing, BTC’s hashrate is fluctuating between 130 to 140 exahash per second (EH/s), and on Wednesday evening (ET) the metric....

Data shows the Bitcoin mining difficulty is set to see a large positive adjustment as the hashrate continues its sharp growth. Bitcoin 7-Day Mining Hashrate Continues To Discover New Highs The “mining hashrate” is an indicator that keeps track of the total amount of computing power that the miners have currently connected to the Bitcoin […]

Data shows Bitcoin hashrate has continued its recovery, and is now only 16% away from reaching the all-time high (ATH). Bitcoin Mining Difficulty Observes Eighth Consecutive Increase As Hashrate Continues To Rise As per the latest weekly report from Arcane Research, the BTC mining hashrate has continued its trend of recovery and is now only […]

Bitcoin price made another attempt to gain momentum above $13,200 against the US Dollar, but failed. BTC is likely to react to the downside if it continues to struggle near $13,200 and $13,300. Bitcoin corrected lower below $13,000, but it found support near $12,800. The price is back above the $13,000 zone and the 100 […]

On-chain data shows the Bitcoin Hashrate has slumped back down recently as the cryptocurrency’s price has continued in a bearish trajectory. Bitcoin Mining Hashrate Has Retraced Its August Recovery The “Mining Hashrate” refers to a Bitcoin metric that keeps track of the total amount of computing power that the miners have currently connected to the […]