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Riot Platforms, the world’s second-largest publicly traded Bitcoin miner, has sold $38.8 million worth of Bitcoin to address current liquidity problems. Riot Platforms sold 475 Bitcoins in April which included its production for the entire month. The move comes as the Bitcoin mining industry continues to face pressure from revenue declines and increased operational expenses. […]
While the reason behind the three-hour, system-wide outage remains unknown, some users are still unable to transfer or withdraw their funds from the exchange.
According to recent Bitcoin data, the count of pending transactions, still awaiting confirmation, has plummeted beneath the 300,000 mark, while onchain fees have seen a reduction over the past week. Starting from July 29, the average onchain fees have fallen below the $1 threshold for each transaction, and as of July 31, 2023, the average [...]
The post Bitcoin Onchain Fees Dive Below $1, Pending Transactions Drop, and Miners Experience Difficulty Reduction appeared first on Crypto Breaking News.
On Wednesday, Bitcoin reached a new milestone as its mining difficulty increased by 3.4% at block height 792,288, setting a fresh record. The difficulty level surpassed the 50 trillion mark for the first time in Bitcoin’s history, hitting an unparalleled 51.23 trillion. Bitcoin Mining Difficulty Jumps 3.4% Higher Data reveals that around 373 exahash per [...]
The post Bitcoin Mining Difficulty Surpasses 50 Trillion for the First Time, Reaching a Record 51.23 Trillion appeared first on Crypto Breaking News.
Bitcoin mining has seen a stable hash price despite the increase in mining difficulty. This phenomenon has surprised many in the industry, as typically a higher difficulty level would lead to an increase in hash price. The hash price for Bitcoin mining has remained flat recently, which is an unusual occurrence compared to past trends. [...]
The post Report: Bitcoin Mining Hashprice Remains Stagnant Despite Increased Difficulty appeared first on Crypto Breaking News.
Bitcoin miners face two additional difficulty adjustments before the network’s halving event, which is rapidly approaching, with less than 4,300 blocks remaining. Data indicates the total hashrate has recovered from a minor dip, suggesting miners might see a decrease in difficulty at the next adjustment, set for on or around March 28, 2024. With the [...]
The post Bitcoin Miners on the Brink of Surpassing February Earnings as 2 Difficulty Adjustments Loom appeared first on Crypto Breaking News.
On June 28, 2023, Bitcoin saw its first downward difficulty adjustment in 56 days, or since May 4, with a decline of 3.26%. This modification lowered the network’s difficulty to 50.65 trillion from its record high of 52.35 trillion on June 14. Bitcoin Mining Gets a Breather: Difficulty Decreases by 3.26% in Recent Adjustment Today, [...]
The post Bitcoin Difficulty Takes a Dip: Network’s First Downward Adjustment in 56 Days Signals Easier Mining Ahead appeared first on Crypto Breaking News.
Despite Bitcoin’s difficulty reaching an all-time high at 46.84 trillion, participants in bitcoin mining have kept the hashrate running stronger than ever before. According to statistics, on March 23, 2023, the hashrate reached a high of 400 exahash per second (EH/s). The 400 exahash equates to 0.4 zettahash or four hundred quintillion hashes per second. [...]
The post Bitcoin Hashrate Reaches 400 Exahash per Second, Researcher Says Network Could Reach Zettahash Era by 2025 appeared first on Crypto Breaking News.
Litecoin’s mining difficulty is at 26.2 M at block 2,498,134. This is a change of 3% from yesterday and 84% from a year ago, indicating a rising difficulty for miners to find new blocks and benefit from their rewards. While increasing mining difficulty levels make block computation tough for miners, they are also a hallmark […]
Despite an upswing in mining difficulty on May 18, current data projects Bitcoin’s mining difficulty to see a further escalation on May 31, 2023—potentially jumping between 1.1% and 2.51%. Bitcoin’s Difficulty Nears 50 Trillion Milestone Bitcoin’s mining difficulty, already at an unprecedented level of 49.55 trillion, seems poised to breach the 50 trillion threshold within [...]
The post Bitcoin Mining Difficulty Poised to Break 50 Trillion Barrier, May 31 Projection Shows appeared first on Crypto Breaking News.
Luxor describes its newly-released methodology for improving the accuracy of Bitcoin mining difficulty predictions.
On March 23, 2023, bitcoin experienced another difficulty increase, following two previous rises in the last month, jumping 7.56% higher. Currently, bitcoin miners have not been deterred by the increases, as the network hashrate has been coasting along at 346 exahash per second (EH/s). Bitcoin Hashrate Remains High Despite Recent 7.56% Difficulty Rise As of [...]
The post Bitcoin Difficulty Increases for Third Time in Six Weeks, Miners Remain Undeterred With High Hashrate appeared first on Crypto Breaking News.
Bitcoin mining firms have been forced to sell newly minted Bitcoin to cover operational costs during one of the toughest bear markets for miners on record.
Amid the demise of Silvergate Bank and the troubles faced by Silicon Valley Bank (SVB), market analysts believe Signature Bank (SBNY) may be a buy as it’s considered the “last game in crypto-town,” according to Wells Fargo equity analyst Jared Shaw. Silvergate’s liquidation caused SBNY shares to sink on Friday, dropping more than 13% as [...]
The post Signature Bank Considered a Buy as Last Major Bank Standing in Crypto Market Amid Silvergate and SVB Troubles appeared first on Crypto Breaking News.
Argo Blockchain increased its daily Bitcoin production to 5.7 BTC per day in February, up from 5.4 BTC per day in January, despite a 10% increase in network difficulty. (Read More)
Bitcoin bulls have little to celebrate as BTC price action retraces more hard-won February gains.
Even with the recent rise in the bitcoin price, public bitcoin mining stocks start the year with more impressive gains than the asset itself.
Bitcoin (BTC/USD) price picked up notable momentum on Wednesday as the digital currency hit a new 2023 high. Granted, 2023 is a mere 6 weeks old and the current bull run looks pretty insignificant on the one-year chart. BTC/USD chart by TradingView But I’m not here to ruin the party, rather just trying to gather ...
<p>The post Bitcoin price analysis: BTC faces difficult resistance level ahead | Invezz first appeared on CCNC.</p>
Bitcoin mining difficulty has dropped by its biggest margin since July 2021 amid difficult conditions for miners.
On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it will remain at this point for the next two weeks or 2,016 blocks. Bitcoin Miners Catch a Break as the Network’s Difficulty Drops
The post Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022 appeared first on BTC Ethereum Crypto Currency Blog.
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