Bitcoin Difficulty Surges 4.68%, Taps New All-Time High; Metric Set to Surpass 40 Trillion 3 min read 2023 Bitcoin Difficulty Surges 4.68%, Taps New All-Time High; Metric Set to Surpass 40 Trillion The Bitcoin blockchain recorded another difficulty increase on Sunday, Jan. 29, 2023, at block height 774,144. The...Read More
Bitcoin Network’s Mining Difficulty Rises to All-Time High, Making Block Discovery More Challenging 3 min read All time high Bitcoin Network’s Mining Difficulty Rises to All-Time High, Making Block Discovery More Challenging admin January 16, 2023 Bitcoin’s mining difficulty printed a record increase on Jan. 15, 2023, rising 10.26% to 37.73 trillion at...Read More
Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius 3 min read account holders Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius admin January 5, 2023 Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according...Read More
Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current Prices 3 min read Antminer Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current Prices admin January 1, 2023 Bitcoin miners have had a challenging year as the network’s mining difficulty reached an all-time high and...Read More
Bitcoin Hashrate Slides as Texas Miners Curtail Hashpower to Bolster the Grid 3 min read 70 EH/s Bitcoin Hashrate Slides as Texas Miners Curtail Hashpower to Bolster the Grid admin December 26, 2022 Bitcoin’s total hashrate tapped a low of 170 exahash per second (EH/s) on Dec. 25, as reports...Read More
Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG 3 min read (Nasdaq: GREE) Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG admin December 20, 2022 The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to...Read More
While Miners Deal With Low BTC Prices, Bitcoin’s Mining Difficulty Target Expected to Increase 3% Higher 3 min read Bitcoin While Miners Deal With Low BTC Prices, Bitcoin’s Mining Difficulty Target Expected to Increase 3% Higher admin December 18, 2022 Bitcoin’s mining difficulty target is expected to increase on Dec. 19, 2022, after printing the largest reduction...Read More
Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022 2 min read 2016 Blocks Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022 admin December 6, 2022 On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it...Read More
Demand for Cryptocurrency Miners Rises in Russia Amid Low Prices of Hardware 4 min read ASIC Demand for Cryptocurrency Miners Rises in Russia Amid Low Prices of Hardware admin December 4, 2022 Russia’s market for specialized crypto mining equipment has been seeing high demand over the past couple of...Read More
Bitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits 3 min read Bitcoin Bitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits admin December 2, 2022 While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has...Read More
Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value 3 min read Bitcoin Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value admin November 21, 2022 Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20,...Read More
Paraguay Warns About Growth of Illegal Bitcoin Mining Operations and Effect on Power Stability of the Country 3 min read Alfredo Arguello Paraguay Warns About Growth of Illegal Bitcoin Mining Operations and Effect on Power Stability of the Country admin October 31, 2022 The growth of illegal bitcoin mining operations could affect the stability of the power system in Paraguay,...Read More