Cambridge University’s Third Crypto Study Records 101 Million Cryptocurrency Users Worldwide

Cambridge University's Third Crypto Study Records 101 Million Cryptocurrency Users WorldwideThe University of Cambridge and the school’s Centre for Alternative Finance has published the third “Global Cryptocurrency Benchmarking Study.” The 71-page in-depth study examines the current growth of the crypto industry, mining, offchain activity, crypto asset user profiling, regulation, and security. The September 2020 third edition of the Global Cryptoasset Benchmarking Study concentrates on four […]

The post Cambridge University’s Third Crypto Study Records 101 Million Cryptocurrency Users Worldwide appeared first on Bitcoin News.

Market Outlook: Bitcoin Breaks $11K, Whales Refuse to Sell, Downside Risk Remains

Market Outlook: Bitcoin Breaks $11K, Whales Refuse to Sell, Downside Risk RemainsThe price of bitcoin jumped above the $11k threshold on Saturday morning and into the afternoon, after hovering above the $10,900 range the day prior. The entire crypto-economy of 7,600+ coins has gained 2.29% during the last 24 hours touching $344 billion. Bitcoin (BTC) markets have surpassed key levels above the $11k mark on Saturday, […]

The post Market Outlook: Bitcoin Breaks $11K, Whales Refuse to Sell, Downside Risk Remains appeared first on Bitcoin News.

Hash Watch: Bitcoin Cash Miners Begin Signaling Node Implementations

Hash Watch: Bitcoin Cash Miners Begin Signaling Node ImplementationsThere’s 88 days left until the Bitcoin Cash upgrade scheduled for November 15, 2020, and the community has been watching miners closely. On August 18, the Bitcoin ABC team published a blog post that revealed a “feature freeze is now in place,” as it contains a new coinbase rule. Moreover, during the last few days, […]

The post Hash Watch: Bitcoin Cash Miners Begin Signaling Node Implementations appeared first on Bitcoin News.

Miner Hoards: Q2 Bitcoin Mining Supply Outflow Touches 12-Month Low

Miner Hoards: Q2 Bitcoin Mining Supply Outflow Touches 12-Month LowOnchain data shows that bitcoin miners are hoarding despite the 50% loss in revenue that started on May 11, during the third reward halving. The seven-day average of bitcoin miners’ outflow volume and mining funds sent to exchanges remains significantly low. Roughly four weeks ago on June 19, the total amount of BTC transferred out […]

The post Miner Hoards: Q2 Bitcoin Mining Supply Outflow Touches 12-Month Low appeared first on Bitcoin News.

A Number of Small Bitcoin Mining Farms Are Quitting as Older Mining Rigs Become Worthless

Bitcoin mining has changed a great deal since the block reward halving on May 11, 2020, and the overall SHA256 hashrate has been between 100-120 exahash per second (EH/s) during the last 48 hours. Reports from China show that a number of small mining operations are struggling and older bitcoin mining machines are becoming useless. […]

The post A Number of Small Bitcoin Mining Farms Are Quitting as Older Mining Rigs Become Worthless appeared first on Bitcoin News.

Bitcoin Hashrate Bounces Back- 2x the Mining Pools, Farm Diversification, 100 Exahash

Around 18 days ago, the Bitcoin protocol experienced it’s third block reward halving and the network saw a 33% hashrate loss. Since then, however, bitcoin miners have increased in both number and hashpower, as the network has seen a 15-20 exahash per second (EH/s) increase. Moreover, on May 22, there were 17 mining pools hashing […]

The post Bitcoin Hashrate Bounces Back- 2x the Mining Pools, Farm Diversification, 100 Exahash appeared first on Bitcoin News.

Bitcoin Miners Reveal Concerns Over Mining Rig Shipment Delays and Bitcoin Halving

Bitcoin Miners Reveal Concerns Over Mining Rig Shipment Delays and Bitcoin HalvingThe cryptocurrency market rout in mid-March, which saw bitcoin’s price slide significantly in value, has strained bitcoin mining operations by slashing considerable revenue from the block rewards. Moreover, shipping delays from mining manufacturers have caused uncertainty and mining operations don’t know when next-generation miners will ship. The mining firm Hut8 has revealed in an earnings […]

The post Bitcoin Miners Reveal Concerns Over Mining Rig Shipment Delays and Bitcoin Halving appeared first on Bitcoin News.

Bitcoin Going Industrial: New York-Based Natural Gas Provider Sells Fully Compliant ‘Hashpower Contract’

During the first week of March, news.Bitcoin.com reported on a $65 million investment into the ‘behind-the-meter’ bitcoin mining operation, Greenidge Generation LLC in Dresden, New York. The Greenidge plant operates 7,000 bitcoin miners and on April 8, the firm revealed the sale of 106 petahash of hashpower to an undisclosed buyer. The purchase is considered […]

The post Bitcoin Going Industrial: New York-Based Natural Gas Provider Sells Fully Compliant ‘Hashpower Contract’ appeared first on Bitcoin News.