Category: Mining Pools

Proof-of-Work and Yield Farming: Binance and Poolin Launch Tokens Backed by Bitcoin Hashrate

Proof-of-Work and Yield Farming: Binance and Poolin Launch Tokens Backed by Bitcoin Hashrate

There’s a new type of token gaining popularity in the crypto space with the launch of coins that are backed by a specific amount of proof-of-work (PoW) hashrate. On January 6, 2021, Binance launched a new project called the bitcoin standard hashrate token (BTCST), a coin that represents 0.1 terahash (TH/s). Furthermore, the mining operation […]

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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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Analysts: Institutional Investor Interest Fueling BTC Rally, Liquidity Crunch Narrative Debunked

Analysts: Institutional Investor Interest Fueling BTC Rally, Liquidity Crunch Narrative Debunked

Crypto analysts are pushing back against the narrative that the current BTC rally is being fuelled by a liquidity crunch afflicting bitcoin mining pools in China. The liquidity crunch, which is caused by an ongoing regulatory crackdown in that country, has reportedly left miners unable to sell their BTC holdings. Miners Are Selling The analysts […]

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Bitcoin Network’s Mining Difficulty Sees Largest Epoch Drop Since 2011

Bitcoin Network’s Mining Difficulty Sees Largest Epoch Drop Since 2011

Bitcoin’s mining difficulty saw the second-largest drop in history on Tuesday, as the difficulty dropped to 16.78 trillion, losing a touch over 16% since last week’s all-time difficulty high. The last time bitcoin’s mining difficulty dropped so low was in October 2011, when it lost around 18%. Since the large difficulty drop took place, the […]

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Mempool Clog: Bitcoin Hashrate Drops 40%, Backlog Shows Over 100K Unconfirmed Transactions

Mempool Clog: Bitcoin Hashrate Drops 40%, Backlog Shows Over 100K Unconfirmed Transactions

The Bitcoin network hashrate has dropped significantly over the last four days sliding from a high of 161 exahash per second (EH/s) to 90 EH/s on October 27. Today, the Bitcoin hashrate has improved a hair as the network’s security is currently hovering around 100 EH/s. However, the mempool log of unconfirmed transactions has spiked […]

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How MIT’s ‘Pool Detective’ could help prevent attacks on blockchains

How MIT’s ‘Pool Detective’ could help prevent attacks on blockchains

Quick Take Researchers at MIT’s Digital Currency Initiative say better monitoring of mining pools and hash rental marketplaces could prevent 51% attacks. The team is developing surveillance tools with an eye toward early warning systems for exchanges and other targets of such attacks. This feature story is available to subscribers of The Block Daily. You […]

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Market Outlook: Bitcoin Breaks $11K, Whales Refuse to Sell, Downside Risk Remains

Market Outlook: Bitcoin Breaks $11K, Whales Refuse to Sell, Downside Risk Remains

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