Tag Archives: Bitcoin Hash Rate

Bitfarms, a blockchain infrastructure company running one of the largest North America-based mining operations, is cutting staff members. The firm cited the ongoing economic and social turmoil caused by the COVID-19 pandemic.Coronavirus Hits Bitcoin Mining Firm In North AmericaThe unexpected outbreak of the COVID-19 harmed people’s health, financial markets, economies, and businesses. Numerous companies had to take radical measures to endure, and the cryptocurrency field is not exempt.Based...

The latest steep declines in Bitcoin’s price have pushed miners to switch off some of their equipment to reduce costs. Consequently, this slowed down the average daily block time by as much as 70%.Miners’ Response To The Price DropMiners are the backbone of Bitcoin and any other Proof-of-Work-based cryptocurrency. They create new bitcoins by using hardware to solve complicated computer equations. The miner who solves them the fastest receives the reward (fee) for the transaction, which he...

Since the day’s beginning, Bitcoin price gained slowly, setting the 35% record on a weekly scale. On March 19, Bitcoin gains more than 10%, setting a positive trend for the market.Bitcoin price and the hash rate were falling during the last week. Today, the price bounced, setting a 6 days record since March 13. BTC price has added more than 11% and reached $5,800. Back then, Bitcoin made a quick dive to $4,000 and below. The analysts were not expecting such a sharp move reverse, with many of...

The Bitcoin Halving will take place in May, and its impact raises several valid questions. One of them concerns miners since the block reward will be cut in half, and the hash rate continues accelerating.New research by a popular provider of institutional trading tools indicates that Bitcoin’s price has to increase with up to 50% from current levels to remain profitable for miners.Bitcoin Hash Rate and Halving EffectBitcoin’s hash rate is a good indicator of the network’s health. The higher...

As we all know, bitcoin has spent the last few days gaining steam and jumping into higher ranges. While we’ve been quick to assume it has something to do with the political unrest due to tension between the U.S. and Iran, another source is claiming something different.The Bitcoin Hash Rate May Have Something To Do with ThisBitcoin first began jumping upward on January 3 following a U.S. drone strike on Iran that killed off one of the latter country’s top generals. From there, bitcoin – which...

Der BTC Kurs konnte zum Jahresende nicht mehr anziehen, der Höchststand aus 2017 blieb im letzten Jahr unerreicht. Die Hash Rate jedoch stieg am 1. Januar 2020 auf ungefähr 119 Quintillion Hashes per Second und damit auf einen neuen Rekordwert.Bitcoin News: Bitcoin Hash Rate mit neuem HöchstwertEine ungeschriebene Regel des Marktes lautet:Der Preis folgt der Hash Rate.Und so wartet der Markt aktuell darauf, dass der neue Rekordwert der Hash Rate auch den BTC-Kurs anschiebt – allerdings bisher...

As we have already reported, Bitcoin (BTC) was for sure the best profitable investment in 2019. If we compare it to “more traditional assets” it still seems we are right:• Nasdaq: +33.98 percent• S&P 500: +30.80 percent• Dow Jones: +24.23 percent• Gold: +17.83 percent• Bitcoin: +96.81 percentAlso, the network hash rate once again breached previous records as well. When looking at the data from numerous monitoring resources – it is sure that the hash rate was at its highest on the first...

Data shows that Bitcoin’s hashrate has just hit a new all-time high of 111 EH/s, which represents a 170.73% increase since January 1, 2019. Bitcoin Hashrate. Source: Blockchain.comHash rate measures the amount of computing power used by miners to generate new blocks every 10 minutes, keeping the Bitcoin network running at all times, a process known as mining. The increasing hashrate could suggest that the network is getting more robust and secure, as the chance for a potential attack on it...