2021-6-22 09:08 |
Bitcoin’s hash rate plummets to roughly 91 EH/s as Sichuan miners close up shop.
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The entire crypto market is down more than 10% in the last two days as China is cracking down on large-scale bitcoin miners. This is no longer FUD as we have observed the hash rate drop to an eight-month low.
2021-6-22 16:42 | |
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Many small and medium-sized operations in China are also not affected. The upside further means the path to recovery is faster, and miner capitulation usually represents the best buy signals in Bitcoin history.
2021-6-22 16:20 | |
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Multiple Bitcoin miners in China's Sichuan province were shut down over the weekend and Bitcoin's hash rate is down almost 30% since May. Will the price fall further as a result - and what is the correlation between hash rate and price?
2021-6-22 17:00 | |
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Bitcoin price action is what everyone cares most about, however, the health of the network the asset underpins can have a dramatic impact on price action as the market has recently witnessed. A massive drop to the hash rate, China cracking down on miners, and energy FUD all contributed to one of the worst selloffs […]
2021-6-9 18:57 | |
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Chinese Xinjiang with large amounts of fossil resources requires Bitcoin miners to shut down their operations
2021-6-9 11:14 | |
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Marathon Digital Holdings, a Bitcoin self-mining company in North America, has entered into a binding letter of intent with Compute North to host previously purchased 73,000 Bitcoin miners as part of a new 300-megawatt data center located in Texas.
2021-5-26 19:42 | |
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Earlier in April, an accident at a Chinese coal mine in Xinjiang sent Bitcoin network’s hash rate plummeting 30% in a span of a day, which crippled the major cryptocurrency’s rally. Now, Bitcoin’s hash rate is suffering a similar loss as miners based in Sichuan, China face limitations on power usage. The State Grid in […]
2021-5-22 05:02 | |
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This is positive for the crypto industry because Inner Mongolia is China’s second-largest coal producer, and such a move will push Bitcoin miners towards using renewable sources. The post Bitcoin Hash Rate Takes Another Hit as Inner Mongolia Crypto Mining Shut Down Goes into Effect first appeared on BitcoinExchangeGuide.
2021-5-20 18:09 | |
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One of the largest graphics card producers, Nvidia, has announced that it will limit its hash rate for its three newest graphics cards that will be marked “Lite Hash Rate” in an attempt to disincentivize the miners.
2021-5-19 19:00 | |
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Bitcoin mining company Bit Digital has joined DCG’s Foundry USA Pool as it seeks to become a world leader in hash rate.
2021-5-5 15:46 | |
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For the first time in eight years, more hash rate was channeled from outside of China, the operator of one of the world’s oldest Bitcoin mining pool, F2Pool, notes as per a tweet on May 4. Bitcoin Hash Rate: The Shift in Distribution Bitcoin’s autonomy is because miners willingly channel computing power using expensive andRead More
2021-5-5 23:00 | |
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Major Bitcoin miners have begun signaling for Taproot activation that will improve scalability and privacy for the largest cryptocurrency by market capitalization.
2021-5-5 16:18 | |
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The crypto mining space is plagued with the problems of expensive power, gradual declines in mining rewards, and hash rate fluctuations. Altogether, they daunt the potential miners from entering this The post Can this factor further incentivize Bitcoin miners? appeared first on AMBCrypto.
2021-4-28 11:00 | |
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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.
2021-4-22 01:01 | |
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"If the U.S. stopped all the U.S. miners, Kazakstan stopped all the miners there — that kind of shuts down 80% to 90% of the hash rate pretty quickly," said Curtis Spencer.
2021-4-21 22:10 | |
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The hashrate of Bitcoin mining pools has plunged in the past 24 hours. According to BTC. com, Poolin saw the biggest drop of 34. 55% among the top miners, followed by Chinese cryptocurrency exchange Huobi’s Huobi.
2021-4-17 18:03 | |
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Standard Hashrate is launching TAU, an algorithmic asset protocol backed by Bitcoin's hash rate.
2021-3-19 17:17 | |
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Tech company Nvidia, inventor of the GPU has decided to address the “specific needs” of the Ethereum mining community. According to its latest announcement, the firm launched NVIDIA CMP, a dedicatThe post Nvidia limits hash rate for GPUs, launches CMP for ETH miners appeared first on AMBCrypto.
2021-2-19 01:30 | |
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An otherwise decentralized cryptocurrency, Bitcoin, might have become a victim of a centrally orchestrated price dumping attempt. According to data fetched by CryptoQuant, a South Korea-based blockchain analytics firm, Bitcoin miners at Chinese mining firm F2pool started the massive sell-off that crashed the BTC/USD exchange rate by almost 20 percent in just less than 24 hours.
2021-1-22 14:26 | |
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Meanwhile, both hash rate and difficulty have hit an ATH today. The post Bitcoin Miners in Selling Mode; Booking High Profits With The Cost of Mining 1 BTC At Over k first appeared on BitcoinExchangeGuide.
2021-1-11 18:25 | |
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Marathon already operates mining units in the United States. However, Monday’s deal will significantly increase the firm’s share of the global hash rate. Marathon Bitcoin Miner Order is Bitmain’s Largest to Date One of the biggest Bitcoin mining companies in the United States looks set to grow even larger in 2021.
2020-12-29 21:47 | |
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Riot announced that they’ve purchased 3,000 S19 Pro Antminers and 12,000 S19j Pro Antminers for $35 million from Bitmain. These versions are some of the highest hash-producing mining hardware available on the market, producing 110 terahashes (TH) and 100 TH, respectively.
2020-12-23 18:28 | |
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Local media reports indicate electricity producers in Yunnan, China’s fourth-largest province by Bitcoin hash rate, have been ordered not to provide power to crypto mines.
2020-12-1 05:37 | |
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Bitcoin's bull market is having a dramatic effect on demand for hardware resources as miners look to ramp up production.
2020-11-25 20:06 | |
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The Zcash network has automatically halved its miner rewards at block height 1,046,400 for the first time since October 2016. The inflation rate fell from 25 to 12. 5 percent. Miners will now receive 3.
2020-11-19 21:00 | |
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Bitcoin price may have taken a breather after a 20% rally, but the same can’t be said about the hash power miners are using to produce BTC. Towards the end of Sept. , the network's hash rate hit a new all-time high in terms of raw value, as per Blockchain.
2020-11-11 20:43 | |
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It appears many Chinese miners have completed their annual migration from Sichuan, with Bitcoin’s hash rate spiking more than 40% in two days.
2020-11-11 06:24 | |
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Bitcoin has seen its hash rate decline over 43.47 % within a span of 3 days, due to Chinese mining farms closing down for the dry season. The reason being, they cannot generate enough hydropower withoThe post Here's what Bitcoin's recent hashrate drop may imply for miners appeared first on AMBCrypto.
2020-10-30 22:00 | |
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Over the weekend, the Bitcoin network's hash rate hit an all-time high as it has repeatedly been doing since the May halving when it dropped about 40%. During this time, the monthly miner revenue jumped from about $280 million (subsidy plus transaction fees) in June to $368 million in August.
2020-10-20 16:06 | |
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As the DeFi craze continued throughout the year, Ethereum saw new records in volume, the number of transactions, and even the size of its fees. With Ethereum 2. 0 still being in the works, miners are taking every chance they can get to earn some ETH.
2020-10-7 10:33 | |
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DeFi’s explosive dominance has given room for many Ethereum projects to thrive and the Ethereum network as a beneficiary of this rapid growth has not been left out. Once again, the buildup in network activities has propelled the hash rate to a new all-time high.
2020-10-7 23:11 | |
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The new report published by the Stack Funds shows that heavy rains and monsoon season in China has not forced miners to step back from mining Bitcoin. Lately, China has been experiencing power outage issues because of the rains.
2020-9-11 12:19 | |
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The crypto market may be experiencing the losses, but bitcoin miners remain unphased by the beating the digital asset took the past week. Bitcoin miners are as bullish as ever and pushing the hash rate of the network to new highs.
2020-9-8 17:54 | |
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Data shared by Glassnode and CoinMetrics shows that Bitcoin miners are unfazed by the current BTC fall back and have pushed the BTC hash rate to a new ATH
2020-9-8 12:04 | |
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Mining bitcoin has never been this difficult. Today bitcoin mining difficulty has increased by 3. 6% to hit an all-time high of 17. 6 trillion. This was to be expected as recently, the hash rate of the network had also hit an ATH.
2020-8-24 21:57 | |
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Bitcoin's price has remained consolidated above $11k for quite a while in August, however, a sudden pump in the market on 17 August did not just push the BTC price above $12k, but its hash rate also mThe post With Bitcoin's hash rate falling, what's keeping miners afloat? appeared first on AMBCrypto.
2020-8-18 22:15 | |
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Riot Blockchain reported a 250% increase in hash rate per second compared to 2019,...
The post Miner hash rates for Bitcoin miners have increased appeared first on Coin Journal.
2020-8-13 12:37 | |
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The upcoming Zcash halving could help ZEC to reduce its annual inflation rate and make the coin more profitable for miners.
2020-8-11 17:33 | |
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Bitcoin miners in Kazakhstan will soon be paying taxes to the state as the government looks to raise funds for COVID-19 recovery plans. Outside China, Kazakhstan controls the third-largest share of the global Bitcoin (BTC) mining hash rate.
2020-8-5 21:39 | |
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Just months ago, in March, many thought Bitcoin was on its way out. The cryptocurrency registered a 50% drop in a single 24-hour period in March, falling as global markets imploded. BTC miners followed suit, shutting down their machines en-masse because they weren’t profitable.
2020-7-9 06:00 | |
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After the block reward halving, many analysts in the Bitcoin space expected a “death spiral. ” The term is one created by a professor who, in 2018 speculated that BTC could fall to $0 due to a collapse in miners.
2020-7-8 03:00 | |
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Binance Pool, a cryptocurrency mining platform dedicated to empowering miners and the global crypto mining industry, recently launched a Smart Pool service to enable higher returns for miners. By auto-switching hash rates to mine different currencies with the same algorithm, the Smart Pool service provides higher hash rates and an increase of returns to its […] CryptoNinjas: Binance Pool introduces ‘Smart Pool’ service with higher hash rate and returns for miners
2020-6-23 16:40 | |
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A giant 14.95% advance makes analysts confident as miners appear to balance increased costs to retain profitability.
2020-6-17 11:56 | |
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After the halving last month, the bitcoin hash rate is recovering while China’s rainy season is helping with the cost. On one side, miners are ramping up their efforts with Hut 8 looking to raise $5.
2020-6-13 19:34 | |
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Bitcoin’s halving is nearly a full month behind us, yet no new uptrend or post-halving selloff has happened. Oddly, Bitcoin price has traded relatively sideways since. One metric that has changed since the halving, however, is the amount of BTC miners are dumping into the market. But why, and when will they begin to hold...
2020-6-6 20:30 | |
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The competition in the North American Bitcoin mining arena could be heating up with the news that Marathon is upping its hash rate capacity by 56PH/s. Marathon, a Nasdaq-listed crypto mining firm announced the installation of 700 Bitcoin miners via a press release on Wednesday.
2020-6-4 08:15 | |
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Reports confirm that the U.S based institutional-grade crypto lender, BlockFi, will be extending credit to Pooling, the second largest Bitcoin mining pool. The latest move sets the mining pool on extending its crypto lending services to miners since launching Blockin, a Singapore-registered wallet entity, which offers loans to miners. Since the halving, the hash rate […]
2020-6-3 18:45 | |
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Bitcoin’s hash rate has continued to plummet weeks after its third halving, now at its lowest level thus far in 2020. Although Bitcoin’s hashrate temporarily peaked before the halving, it seems that any miners are now getting priced out.
2020-5-26 11:59 | |
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The Bitcoin network has re-adjusted its mining difficulty, slashing it by 16 percent, the second-largest negative change in the platform’s history, GlassNode data on Nov 3 shows. The Bitcoin mining difficulty now stands at 16.
As the end of 2019 approaches, Coinshares Research has published its bi-annual mining report that contains informative research and observations about the bitcoin mining industry. Since Coinshare’s last report published in June, BTC’s hashrate grew by 50 exahash per second (EH/s) and the firm believes a decent portion of the power stems from China.
A former regulator in China has argued that Sichuan – a bitcoin mining hub – should study how to remain attractive to crypto-related business.
Sichuan province in China is well known for being a mining hub, thanks to the abundance of clean hydroelectricity available in the region at dirt cheap prices. However, the availability of cheap clean energy has also made the province a growing hub for illegal mining activities.
Rampant flooding in China’s Sichuan province has had a catastrophic effect on some of the world’s leading bitcoin mining operations. The post Major Flooding Disrupts Chinese Hydro Power, Bitcoin Mining appeared first on Bitcoin Magazine.
Bitcoin miners in China already have to deal with a government that wants to stamp out their industry. Add to that natural disasters such as flooding and landslides, and they have a full plate to contend with.