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 [...]

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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

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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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Bitcoin (BTC) hashrate shifts to the US as states vie for miners’ attention

Months after China kicked out crypto miners citing environmental concerns of the industry, a report from Foundry USA has shown that miners emigrating to the United States are seeking renewable energy sources for their operations.

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CleanSpark Transitions One Exahash Of Bitcoin Mining Power To Foundry USA Pool

All of CleanSpark’s hashrate is now up and mining on Foundry USA Pool, with plans to double it by the end of the year.

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Bitcoin Miners Contend With Fifth Network Difficulty Increase of 2023

Bitcoin miners are contending with the fifth network difficulty increase since February 24, 2023, following a 1.72% rise on April 20 at block height 786,240. The network’s difficulty now stands at 48.71 trillion, marking a 22.62% increase over the last 55 days since block height 778,176. Bitcoin’s Difficulty Has Risen More Than 22% Since Block [...]

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Bitcoins transaction finality now takes over a week due to mining centralization, developer claims

Bitcoin Core developer Luke Dashjr has raised concerns about the finality of Bitcoin transactions, stating that the widely accepted six-block confirmation rule no longer holds. According to him, transaction finalization now takes over a week, casting doubt on Bitcoin’s resistance to censorship. Finality refers to the point where reversing a transaction becomes practically impossible due to […]

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