Category: Miners

Rapid Profits: Bitcoin Hashrate Accelerates While Mining Difficulty Touches All-Time High

Rapid Profits: Bitcoin Hashrate Accelerates While Mining Difficulty Touches All-Time High

The Bitcoin network’s hashrate has been operating at very high processing speeds during the last few weeks, as the overall hashrate touched a whopping 171.2 exahash per second (EH/s) on Monday. Moreover, the network’s mining difficulty has also touched an all-time high (ATH) at 20.61 trillion, the highest difficulty the network has ever experienced in […]

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Russian Oil Giant Provides Excess Gas to Operations Powering Bitcoin Mining Devices

Russian Oil Giant Provides Excess Gas to Operations Powering Bitcoin Mining Devices

The firm Gazpromneft, an oil subsidiary of the Russian natural gas and global energy company Gazprom, is giving bitcoin mining operations the chance to power operations by using excess gas for electricity. The Russian firm has allowed a small mining operation to benefit from the excess gas by mining bitcoin on-site at the oil field. […]

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Clocking Terahash: Three Next-Generation Bitcoin Mining Rigs Launched During the Last Quarter

Clocking Terahash: Three Next-Generation Bitcoin Mining Rigs Launched During the Last Quarter

Just recently, the China-based bitcoin mining rig manufacturer Microbt released a new ASIC device that clocks up to 112 terahash per second (TH/s). The new machine is one of the top-performing mining rigs on the market, according to today’s network difficulty and electrical rates below $0.06 per kilowatt-hour (kWh). Meanwhile, bitcoin mining rig manufacturing competitors […]

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Hash War: Mystery Miner’s Empty Block Attack Makes ABC’s New Blockchain Almost Unusable

Hash War: Mystery Miner’s Empty Block Attack Makes ABC’s New Blockchain Almost Unusable

According to various reports, the Bitcoin ABC pro-IFP chain has been under ‘attack’ for a number of consecutive days now. The mystery miner has been mining a great number of sequential blocks, but almost all of them have been empty. The miner who calls himself ‘Voluntarism.dev’ says the mining operation is a group of “old-guard […]

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Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now Complete

Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now Complete

The Bitcoin Cash community has been patiently waiting for weeks for the November 15, 2020 upgrade and the day is finally here. Every six months the Bitcoin Cash network upgrades, but this time around, a conflict sparked over Bitcoin ABC’s Infrastructure Funding Plan (IFP). During the course of the day, the following editorial will be […]

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Filecoin miners are holding back their growth plans because of the network’s economic model

Filecoin miners are holding back their growth plans because of the network’s economic model

The current design of Filecoin’s economic incentive model has led major miners to halt or significantly slow down the growth of their effective computing power on the recently launched network. To be sure, these miners did not turn off their hardware to reduce the amount of their effective mining power altogether. But the overall slowdown […]

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Bitcoin Posts a 66-Day Consecutive Streak Above the $10K Price Range

Bitcoin Posts a 66-Day Consecutive Streak Above the $10K Price Range

The Bitcoin network has achieved a few new milestones during the last week, as the price has remained above the $10k range for a record 66 consecutive days. Meanwhile, the network has surpassed 18.5 million bitcoin issued, as the global hashrate coasts along at an all-time high of 140 exahash per second (EH/s). As of […]

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Cumulative Ethereum Transaction Fees in 2020 Supersede Bitcoin’s by a Long Shot

Cumulative Ethereum Transaction Fees in 2020 Supersede Bitcoin’s by a Long Shot

This week the research and analysis team Coin Metrics published a report on how decentralized finance (defi) is “fueling Ethereum’s growth.” Meanwhile, the researchers also highlighted that Ethereum’s cumulative transaction fees in 2020 are now over $350 million and more than double the aggregated total of Bitcoin’s network fees.Coin Metrics researchers and Nate Maddrey published […]

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