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Great Migration of Bitcoin Hashpower Sees 50% Of Miners On The Move – A Look At The Magnitude Of This Event On The Market

The largest drop in Bitcoin mining hash power in history – 38% to 49% in total was experienced last week. The event has so far seen 50% of cryptocurrency miners going offline or migrating from China in huge numbers, but is, however, not forcing these miners to spend their accumulated Bitcoins as would be expected. […] дальше »

2021-7-6 16:47


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As Miners Leave Bitcoin in Droves, Space Allocation Dedicated to Filecoin and Chia Surges

While a large quantity of hashrate has stopped dedicating resources to the Bitcoin network, a great number of alternative mining ecosystems are swelling with new participants. China’s ASIC exodus has ignited a significant increase in demand for accessing storage power on both Filecoin and Chia’s proof-of-storage networks. дальше »

2021-7-6 20:00


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Bitcoin Blocks Will Soon Be 27% Easier to Find — Miners Brace for the Largest Difficulty Drop in BTC’s Lifetime

Bitcoin, the leading crypto asset in terms of market capitalization, has seen the cryptocurrency’s network hashrate drop considerably during the last two weeks. On Saturday, July 3, the network’s mining difficulty will see the largest epoch drop in history as the difficulty is set to slide by more than 27%. Bitcoin Difficulty Expected to Drop […] дальше »

2021-7-3 05:00


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This Country Just Lost Its Only Chance At Becoming The World’s Largest Bitcoin Producer

A prominent Bitcoin proponent has taken to Twitter to point out that China, with its crackdown on Bitcoin miners in the country, has lost its chance to become the highest producer of Bitcoin. Bitcoin proponent, Mark Moss, has likened China’s actions of shutting down Bitcoin mining and kicking miners out of the country to the […] дальше »

2021-7-3 21:32


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U.S Senator Spots Major Loophole Following China’s Bitcoin Mining Crackdown, But Will The U.S Tap In?

Cynthia Lummis, a US senator representing Wyoming recently took to Twitter to express her opinion on the recent developments with China-based miners, who have relocated. She called the actions of the Chinese government a serious mistake, while also noting that their actions are a huge opportunity for the USA, that is if more people in […] дальше »

2021-7-1 00:05


Chinese miners initiated the recent sell-off, on-chain data suggests aggregate flows are at an all-time high

Miners led the charge to one of the biggest sell-offs in recent history, and no one is paying attention to this change in the dynamic of bitcoin hash rate distribution. With China getting serious and banning mining activities in Sichuan, they essentially wiped out 90% of total bitcoin mining activities and forced miners out of […] The post Chinese miners initiated the recent sell-off, on-chain data suggests aggregate flows are at an all-time high appeared first on ItsBlockchain. дальше »

2021-6-28 15:40


Bitmain Discontinues Sales of Bitcoin Mining Gear Amid Chinese Crackdown

Leading Bitcoin mining rig manufacturer Bitmain Technologies Ltd has reportedly stopped the sales of mining rigs following the Chinese crackdown on crypto mining. Influx Of Secondhand Sellers Causes Bitmain To Stop Sales The Beijing mining giant decided to halt sales of machines for spot delivery due to the high rate of secondhand Bitcoin miners selling […] The post Bitmain Discontinues Sales of Bitcoin Mining Gear Amid Chinese Crackdown first appeared on BitcoinExchangeGuide. дальше »

2021-6-24 18:12