Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 Million

Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 MillionFollowing 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 […]

BTC Transaction Stuck? Bitcoin Cash-Powered Accelerators Can Speed Up Transfers

BTC Transaction Stuck? Bitcoin Cash-Powered Accelerators Can Speed Up TransfersAt the time of publication, there’s more than 69,000 transactions waiting in line to get confirmed by a bitcoin miner. Since bitcoin’s price rise, at certain times, transaction fees have climbed to $10 to $20 per transfer, and people who pay less than the median fee may have to wait a while. However, people might […]

Publicly-Listed Chinese Lottery Firm Acquires Bitcoin Mining Pool Btc.com

Publicly-Listed Chinese Lottery Firm Acquires Bitcoin Mining Pool Btc.comA U.S. publicly-listed Chinese sports lottery firm is extending its arms into the crypto industry by announcing another related maneuver. 500.com Ltd announced it has acquired Btc.com, the well known bitcoin mining pool. Jihan Wu Is the ‘ Biggest Beneficial Owner’ of the Mining Pool Per the announcement, the online lottery service provider bought the […]

While BTC’s Hashrate Remains High, It’s More Difficult Than Ever Before to Mine Bitcoin

While BTC's Hashrate Remains High, It's More Difficult Than Ever Before to Mine BitcoinAt the end of January 2021, Bitcoin’s network mining difficulty, a measure of how complicated it is to mine a block reward, is higher than it’s ever been during the crypto protocol’s lifetime. Currently, Bitcoin’s mining difficulty is a whopping 20.8 trillion but despite the handicap, bitcoin miners have continued to keep the network’s hashrate […]

Despite Bitcoin’s Price Highs, Onchain Data Shows BTC Miners Are Not Spending More Than Usual

Despite Bitcoin's Price Highs, Onchain Data Shows BTC Miners Are Not Spending More Than UsualThe cryptocurrency economy has been higher in value than ever before as bitcoin has touched an all-time price high at $24,298 per unit. Regardless of the all-time price highs, the world’s bitcoin miners are not spending more bitcoin than usual according to onchain statistics. Bitcoin miner outflow has been higher during the bull run but […]

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Bitcoin Network’s Mining Difficulty Sees Largest Epoch Drop Since 2011

Bitcoin Network's Mining Difficulty Sees Largest Epoch Drop Since 2011Bitcoin’s mining difficulty saw the second-largest drop in history on Tuesday, as the difficulty dropped to 16.78 trillion, losing a touch over 16% since last week’s all-time difficulty high. The last time bitcoin’s mining difficulty dropped so low was in October 2011, when it lost around 18%. Since the large difficulty drop took place, the […]

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Bitcoin Network’s Mining Difficulty Sees Largest Epoch Drop Since 2011

Bitcoin Network's Mining Difficulty Sees Largest Epoch Drop Since 2011Bitcoin’s mining difficulty saw the second-largest drop in history on Tuesday, as the difficulty dropped to 16.78 trillion, losing a touch over 16% since last week’s all-time difficulty high. The last time bitcoin’s mining difficulty dropped so low was in October 2011, when it lost around 18%. Since the large difficulty drop took place, the […]

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