It will still take time to stabilize the miner revenue from fees before the Bitcoin network can display some healthy growth.
Miners need traditional financial products in order to hedge against the risk of increasing hash rate and difficulty.
Iranian President Hassan Rouhani has called for a mining strategy throughout the oil-rich nation. The latest statements from the Iranian President follows Iran’s moves to restrict specific crypto trading platforms over “currency smuggling” mandates. On May 20, 2020, Iran’s President Hassan Rouhani told the press that the country needs to spur a cryptocurrency mining strategy, […]
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Citing the increase in illicit crypto-related activities, the provincial government of Sichuan moves to stamp out 10% of the global Bitcoin hashrate.
Institutional investors brewing a perfect Bitcoin storm
It’s been 11 days since the third bitcoin block reward halving. Data now shows that the overall SHA256 hashrate lost around 47 exahash per second (EH/s), since the all-time high of 140 EH/s on May 3. With more than 33% of the hashrate lost, reports stemming from Sichuan China indicate that bitcoin mining operations have […]
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Exchange reserves hit an 18-month bottom while miners keep selling despite lower revenues after the halving.
The drop-off in Bitcoin mining revenue to 2019 levels show a macro bottom for BTC is near as the impact of the halving is starting to be felt.
During the last few years, the Google-owned Youtube platform has been accused of massive censorship and in the last three months, the video streaming business resembles the Ministry of Propaganda, more than an online video-sharing platform. This week Bitcoin.com was also censored for sharing a video about our bitcoin mining pool. Bitcoin.com’s Youtube account was […]
The post Bitcoin.com’s Mining Video Censored: The Tale of Youtube’s Blatant Censorship and Propaganda appeared first on Bitcoin News.
Bitcoin network hash rate experienced some decline, but the first difficulty adjustment post-halving will still see a positive adjustment