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Drowning In Complexity: Bitcoin Miners Submerged By Soaring Mining Difficulty

Bitcoin miners face mounting challenges as the difficulty adjustment in Bitcoin (BTC) mining continues to impact profitability and an energy crisis disrupts operations.   Created by Satoshi Nakamoto, the difficulty adjustment protocol aims to maintain an average interval of 10 minutes between new blocks, affecting the mining process and costs. дальше »

2023-8-10 12:50


Bitcoin adjusts positively amid Texas heat wave, soaring energy costs

Quick Take Bitcoin’s positive difficulty adjustment of 0.12% marks the 12th of 17 such changes this year, demonstrating its resilience in the face of fluctuating energy costs. The positive adjustment comes at a time when Texas, a prominent hub of Bitcoin mining, grapples with soaring electricity prices resulting from an ongoing heatwave, as per CBS […] The post Bitcoin adjusts positively amid Texas heat wave, soaring energy costs appeared first on CryptoSlate. дальше »

2023-8-9 15:57


Texas heatwave triggers downward spiral in Bitcoin mining operations

Quick Take Bitcoin difficulty has seen a downward adjustment of 3% today. Remarkably, this marks the ninth negative adjustment in difficulty over the last year. Impacts of Texas Heatwave on Hash Rate The recent negative trend in difficulty adjustments can be partly attributed to the intense summer heatwave experienced in Texas. дальше »

2023-7-26 17:00


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By The Numbers: How Profitable Are Bitcoin Miners Right Now?

On-chain data from Glassnode has revealed how much profit Bitcoin miners are making currently. Here are the exact numbers. Bitcoin Difficulty Regression Model Puts Cost Of Production At $22,900 Per BTC In a new tweet, the on-chain analytics firm Glassnode has looked into the current profitability of the BTC miners. Naturally, to estimate the profits […] дальше »

2023-7-7 16:00


Bitcoin Mining Difficulty On The Rise Again: What You Need To Know

As additional miners join the Bitcoin network and existing miners continue to deploy new mining rigs, the difficulty of mining BTC is expected to reach a new all-time high within the month. According to data from Coinwarz, a Bitcoin mining monitoring platform, it looks like there’s likely to be another surge in mining difficulty in […] дальше »

2023-6-20 01:00