Big miners pose a growing existential threat to Bitcoin

As of May, AntPool and Foundry USA controlled more than 50% of Bitcoin's hash rate. That could become a problem for Bitcoin users in the near future.

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Bitcoin Onchain Fees Dive Below $1, Pending Transactions Drop, and Miners Experience Difficulty Reduction

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.

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Bitcoin Mining Difficulty Surpasses 50 Trillion for the First Time, Reaching a Record 51.23 Trillion

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 [...]

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US Bitcoin Corp to Operate Restructured Mining Division of Celsius, Boosting Hashrate by 12.2 EH/s

Bitcoin mining company U.S. Bitcoin Corp (USBTC) has announced its intention to employ the mining assets of Celsius, the defunct crypto lender. The development follows the acquisition of application-specific integrated circuit (ASIC) machines from the bankrupt company by the Fahrenheit coalition, of which USBTC is a member. USBTC said it aims to revive the fleet [...]

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Bitcoin Mining Difficulty Poised to Break 50 Trillion Barrier, May 31 Projection Shows

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 [...]

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Bitcoin Difficulty Increases for Third Time in Six Weeks, Miners Remain Undeterred With High Hashrate

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.

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Bitcoin Just Got Invaded By A “Big, Unknown Miner,” What’s Happening?

Bitcoin, the world’s largest cryptocurrency network whose coin, BTC, is the most valuable, seems to have been invaded by an unknown miner. And the community has the new guest on their radar. Unknown Miner Dominates  In the last few hours, the entity has not only plugged into the network but has proceeded to mine several [...]

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Bitcoin Miner Stronghold Announces Agreement Changes with WhiteHawk Finance, Foundry

The changes are designed to better situate the company for their future endeavors.

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How Centralized Is the Bitcoin (BTC) Mining Sector?

Five BTC mining pools currently control over 85% of the total mining power. How did this happen?

Continue reading How Centralized Is the Bitcoin (BTC) Mining Sector? at DailyCoin.

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CoinDesk could be up for grabs as parent company DCG scrambles for funds

DCG has reportedly received offers for CoinDesk exceeding $200 million in recent weeks, which at a purchase price of $500,000 would be a 39,900% return on its initial investment.

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The centralization of Bitcoin: Behind the two mining pools controlling 51% of the global hash rate

While most of the market focuses on Bitcoin’s price volatility, a much bigger problem seems to go unnoticed.

The post The centralization of Bitcoin: Behind the two mining pools controlling 51% of the global hash rate appeared first on CryptoSlate.

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Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022

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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Foundry Digital Donates 1 BTC To Developer Working On Bitcoin Mining Pools

The developer will work on a sub-protocol of Stratum V2, a communications protocol meant to improve miner collaboration, increasing the global hash rate.

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Blockchain Foundry Pairs with Palmer Group to Launch Web3 Education Platform Metacademy

Canadian blockchain software development company Blockchain Foundry has partnered with Palmer Group to launch Metacademy, a Web3 education platform focusing on blockchain, cryptocurrencies, NFTs, and more. (Read More)

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Bitcoin Proponents Rally To Oppose New York Mining Moratorium

Bitcoiners and politicians come together in Albany, New York to speak out against a proposed ban on proof-of-work mining and to keep industry jobs in the state.

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Mawson Infrastructure Group Signs New Hosting Services Deal with Foundry Digital

The deal demonstrates yet another step forward in Mawson's goal to become the world's biggest carbon neutral Bitcoin miner. (Read More)

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Foundry Digital Joins Forces with Crypto Lobbying Group Blockchain Association

By joining the Blockchain Association, the members hope to help educate and inform those who may shape the future of the blockchain and crypto industry. (Read More)

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Foundry Launches U.S. Marketplace To Match Buyers And Sellers Of Bitcoin Miners

The U.S.-based secondary market, FoundryX, currently has access to over 40,000 bitcoin mining machines ready for resale.

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Foundry Ranks as the 2nd Largest BTC Mining Pool Globally

Foundry, an American-based crypto mining pool has climbed up the rankings and is now the second-largest Bitcoin mining pool after AntPool. (Read More)

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Insights On The ‘Brutal, Thankless’ Business Of Bitcoin Mining

Bitcoin mining isn’t what it used to be.  Covered Kevin Zhang And Foundry Services A Peek Behind The Bitcoin Curtain The Necessity Of Mining Pools Kevin Zhang And Foundry Services Kevin Zhang is the Vice President of the largest Bitcoin mining pool in the world, Foundry Services. Today, he shared some critical insights as to […]

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