Tag: network difficulty

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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Marathon Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Montana Facility

Marathon Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Montana Facility

On December 9, the Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, announced the firm is purchasing 10,000 Antminer S-19j Pro units from the Chinese mining manufacturer Bitmain. According to Marathon, after the acquisition of next-generation bitcoin miners, the company will have an aggregate total of 33,560 ASIC miners with up to 3.56 exahash (EH/s) of […]

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Erratic Processing Power: Bitcoin’s Hashrate Gains 45% in a Day, Then Loses 41 Exahash

Erratic Processing Power: Bitcoin’s Hashrate Gains 45% in a Day, Then Loses 41 Exahash

Seven days ago Bitcoin’s network difficulty saw the largest drop in nine years as it slid over 16% last week. Similar to the crypto asset’s price, the hashrate has been extremely volatile according to statistics. After dropping to 111 exahash per second (EH/s), the network hashrate spiked a whopping 45% on Tuesday morning to 161 […]

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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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