Decline In Bitcoin Hashrate Causes Miners To Earn $16.7 million In 24 Hours
On April 15, a widespread power outage in North China led to a sharp decline in the Bitcoin hash rate. Because major mining farms are located in China, there was a 20% corresponding decline in hash rate. The China Hash Rate Crash Of 2021 As a result of the decline in hash rate, backlog in […]
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While on the surface it seems officials from five provinces in China have been cracking down on bitcoin miners, no one is quite sure how much hashrate is moving, which pools are affected, or where these miners will end up. A number of mining pools have seen hashpower percentages decline and Bitcoin’s overall hashrate has regressed as well. On the other hand, as several known pools have lost hashrate, processing power from “unknown” pools has increased a great deal. Pool Percentages Decline, Overall Hashrate Dips Lower There have been reports stemming from officials in....
Data shows the public Bitcoin mining companies have plans to expand their hashrate by around 50% by the end of the year, Public Bitcoin Miners To Add 27 EH/s To Their Hashrate In Remaining Part Of 2022 As per a post from Arcane Research, the combined hashrate of these miners will reach around 80.7 EH/s […]
Data shows the Bitcoin mining hashrate has already rebounded from its latest plunge, suggesting that miners haven’t given up hope just yet. Bitcoin Mining Hashrate Has Surged Back Towards High Levels The “mining hashrate” refers to the total amount of computing power that the miners have attached to the Bitcoin blockchain. This metric can tell […]
Data shows the Bitcoin mining hashrate has hit another all-time high as miners continue to believe in the cryptocurrency. Bitcoin 7-Day Hashrate Hits New ATH Despite Struggling Price 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 blockchain. This […]
The last 24-hours has seen the price of Bitcoin up 4% to $13.6k. Despite concerns of being overbought, the number one cryptocurrency continues hurtling towards key resistance at $14k. Source: BTCUSDT on TradingView.com Nonetheless, as CasaHODL Co-founder and CTO Jameson Lopp noted, despite Bitcoin’s price gains, Bitcoin’s hashrate has suffered a steep decline since the […]