The global distribution of hash power may shift as various factors come into play during Bitcoin’s continued growth.
Following the acquisition of the Chinese mining pool Btc.com, the China-based lottery company 500.com revealed the purchase of a bitcoin mining rig manufacturer Bee Computing. The Shenzhen firm purchased the semiconductor and mining device manufacturer for roughly $100 million in a share exchange agreement. 500.com Changes Name to Bit Mining Limited and Acquires Bee Computing […]
As bitcoin propels its mining industry to new heights, the challenge of obtaining new equipment is critical.
On Friday, April 2, 2021, Bitcoin’s mining difficulty is the highest it has even been in its lifetime but bitcoin miners still captured record revenues last month raking in $1.5 billion in coinbase rewards and transaction fees. Today, the blockchain’s hashrate is around 160 exahash per second (EH/s) with 17 pools dedicating hashpower to the […]
Ethereum miners are making investments to maximize profits before mining becomes obsolete and gets replaced by validating on Ethereum 2.0.
As the price of bitcoin continues to influence its critical mining industry, it’s important to look at the past and future of this sector.
The post Beyond Supply And Demand: Charting The Bitcoin Mining Industry’s Journey appeared first on Bitcoin Magazine.
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 […]
The post Erratic Processing Power: Bitcoin’s Hashrate Gains 45% in a Day, Then Loses 41 Exahash appeared first on Bitcoin News.
Compass by HASHR8 matches individual miners with mining farms to host their hardware.
In order to survive and develop, miners must gain a comparative advantage over their peers. The game theory of miner behavior in a Bitcoin halving event is actually quite interesting. Blockware Solutions, a cryptocurrency mining service provider, conducted a detailed analysis of the situation. In early December of last year, mining machine manufacturer MicroBT announced…
With ASICs increasingly dominating hash rate, the Ravencoin community is looking to build the project’s third mining algorithm