New DeFi futures to enable hedging against Bitcoin mining difficulty
SynFutures’ decentralized Bitcoin Hash Rate Futures aim to let miners long or short Bitcoin mining difficulty. Decentralized derivatives exchange SynFutures announced a new product called Bitcoin (BTC) Hash Rate Futures that uses the biggest cryptocurrency’s ever-changing mining difficulty as a basis to open long or short positions. Touted as fully decentralized hash rate futures, SynFutures’ new offering would let users trade on Bitcoin mining difficulty with Wrapped BTC (wBTC). The hash rate and mining difficulty are two core mechanics of Bitcoin that have become even more popular with....
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The Bitcoin mining difficulty has registered another positive adjustment today, which has led to the metric setting a new all-time high (ATH). Bitcoin Mining Difficulty Has Seen Four Consecutive Positive Changes Now The “mining difficulty” is a feature on the Bitcoin blockchain that controls how hard the miners would find it to hash blocks on […]
Data shows the Bitcoin mining difficulty has set a new all-time high after observing a 13.5% jump during the latest adjustment. Bitcoin Mining Difficulty Sees Highest Single Increase Since May 2021 According to data from BTC.com, the BTC mining difficulty now has a value of 35.61T after the adjustment today, marking a new ATH. An […]
After bitcoin prices took a hit following Tesla’s recent u-turn, Bitcoin’s mining difficulty jumped over 25 trillion, the highest the metric has seen during the protocol’s lifetime. The mining difficulty spike follows the recent 12% difficulty drop the network experienced two weeks ago. Bitcoin’s Mining Difficulty Jumps to 25 Trillion, Could Hit 30 Trillion in Two Weeks After some issues with the Xinjiang grid in China three weeks ago, the overall SHA256 hashrate used by the Bitcoin (BTC) network dropped considerably. This in turn caused the BTC network’s....
As expected, Bitcoin’s mining difficulty increased this week jumping 6.03% higher on July 31. The change marks the first increase out of five difficulty adjustment changes. This was after four downward difficulty drops made it 54% easier to mine bitcoin than it was prior to mid-May. Bitcoin’s Mining Difficulty Increases 6%, Difficulty Is Expected to Increase Again in 11 Days On July 31, at block height 693,504, the Bitcoin blockchain’s difficulty adjusts itself depending on how much hashpower is dedicated to the network. The more hashrate dedicated to the BTC chain, the....
Following four consecutive Bitcoin mining difficulty increases, the network’s difficulty dropped for the first time in 68 days, sliding 2.14% at block height 756,000 on Tuesday. The change means it’s currently 2.14% easier to find a bitcoin block reward following the mining difficulty’s all-time high (ATH) that took place on September 13. Bitcoin Difficulty Slides 2.14% Bitcoin miners caught a break this week after the network’s mining difficulty slid by 2.14% on Tuesday evening. The difficulty is now 31.36 trillion following the 32.04 trillion ATH recorded on....