Iranian President Calls for Launching a Cryptocurrency Mining Strategy

Iranian President Calls for Launching a Cryptocurrency Mining StrategyIranian 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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Bitcoin Network Sees a Massive Mining Pool Shift Following the Halving

Following the third bitcoin halving on May 11, 2020, there’s been a big shift in mining pool distribution, as far as hashrate is concerned. At the time of publication, there’s around 100-115 exahash per second (EH/s) in search of bitcoin blocks and spectators have seen two relatively unknown mining pools join the top mining pool […]

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Bitcoin Network Sees a Massive Mining Pool Shift Following the Halving

Following the third bitcoin halving on May 11, 2020, there’s been a big shift in mining pool distribution, as far as hashrate is concerned. At the time of publication, there’s around 100-115 exahash per second (EH/s) in search of bitcoin blocks and spectators have seen two relatively unknown mining pools join the top mining pool […]

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2 Days After the Bitcoin Halving: Network ‘Remains Strong,’ Higher Fees, Bullish Sentiment

2 Days After the Bitcoin Halving: Network 'Remains Strong,' Higher Fees, Bullish SentimentOn May 11, 2020, the Bitcoin network completed it’s third block reward halving and the network seems to be chugging along just fine. However, it may take a while longer to see the halving’s effect on the mining industry and right now bitcoin transaction fees have risen exponentially. Despite the rising fees, the research firm […]

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Up to 30% of Bitcoin Miners Close Shop as Business Turns Unprofitable After Halving

Up to 30% of Bitcoin Miners Close Shop as Business Turns Unprofitable After HalvingAbout a third of Bitcoin (BTC) mining firms may already be switching off their machines as the business becomes unprofitable due to a reduction in mining rewards. The third Bitcoin halving – consummated earlier today – reduced supply of the pioneering cryptocurrency, cutting the bonus paid to miners for solving mathematical puzzles that underpin the […]

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Bitcoin’s Third Halving Complete: Reward Cut Surprisingly Faster Than Previous Time Estimates

Bitcoin's Third Halving Is Complete: Reward Cut Surprisingly Faster Than Previous Time EstimatesThe Bitcoin blockchain has experienced its third block reward halving on May 11, 2020, at approximately 3:21 p.m EST, even though quite a few countdown clocks estimated that the halving would occur on May 12. Bitcoin miners now get 6.25 BTC per block rather than the 12.5 BTC they acquired before the halving. On Sunday, […]

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Bitcoin Transaction Costs Soar 400% Amid Halving Hyperbole

Bitcoin Transaction Costs Soar 400% Amid Halving HyperboleThe average transaction cost for Bitcoin (BTC) soared 414% in the days before the halving, peaking at $3.19 on May 8, from as low as $0.62 on April 26. This is the highest price bitcoiners have paid for a transaction on the network in ten months, according to data from Bitinfocharts. Fees are paid each […]

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Quantitative Hardening: Dissecting the Third Bitcoin Halving, 3 Key Data Points to Watch

Quantitative Hardening: Dissecting the Third Bitcoin Halving, 3 Key Data Points to WatchIn a touch more than 24-hours time, the third bitcoin halving will take place on May 12, 2020, on or around 9:50 p.m. ET. Miners will see their revenues slashed in half from 12.5 coins to 6.25 BTC after the halving and speculators wonder what will happen after the event. Currently, according to Google Trends […]

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7 Days Left Until the Great Bitcoin Halving: Hashrate Jumps Over 140 Exahash, Miner’s Hoard

7 Days Left Until the Great Bitcoin Halving: Hashrate Jumps Over 140 Exahash, Miner's HoardJust recently the price of bitcoin jumped over the $9,000 per coin zone, but retracted back a hair not too long afterward. On May 3, the research and analysis firm Glassnode reported that the overall BTC hashrate touched another all-time high above 140 exahash per second. As miners continue to hash away at the network, […]

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