hashrate

The post Bitcoin Hash-Rate Hits ATH, While It May Not Be The Right Time to Accumulate BTC, Says an Analyst. What’s Next?  appeared first on Coinpedia Fintech News The start of the month was quite bearish as the Bitcoin price dropped below the consolidation of $59,000. Nevertheless, the price quickly recovered and reclaimed the levels, reviving the possibility of a swift rebound. Lately, the shorts accumulated at $70,000, indicating the bulls are being stationed at these levels. However, these levels…

Concerns are mounting within the crypto community about Bitcoin’s increasing centralization, which some fear could threaten the foundational principles of the world’s first digital asset. Recent data from BTC.com reveals that two mining pools — Foundry USA and AntPool — now control approximately 57% of Bitcoin’s total network hashrate. Foundry and AntPool Dominate Bitcoin Mining Pools Bitcoin mining pools are collaborative networks where individual miners combine their computational power to improve the likelihood of mining a block. After deducting maintenance…

According to data from CoinMarketCap, the price of Bitcoin (BTC) has taken a nosedive this week falling by 9.03% to trade below the $62,000 price mark. This negative price action brings the asset’s net gain over the last month to a mere 0.20%, indicating a period equally influenced by both buyers and sellers. As Bitcoin now attempts to find a support level, blockchain analytics platform CryptoQuant has revealed certain elating developments in the token mining space. Bitcoin Miners Hashrate 2% Away…

Bitcoin mining has seen a massive slice in its hashrate as miners begin selling off. Despite the slowing hashrate, many mainstream firms like Deutsche Telekom plan to break into the industry. Recent data from Blockchain.com reveals a decline in Bitcoin (BTC) mining hashrate, reaching its lowest level since early March. This decline coincided with a substantial decrease in Bitcoin’s prices, raising concerns about profitability and overall network health. Measuring Miners’ Sentiments With Hashrate Essentially, the mining hashrate is the combined…

Monero mining hashrate has dived, falling from 2.9 gigahash on May 29th to 1.78 gigahash on May 31st. This drop coincided with the commencement of  “Operation Endgame”, the largest operation ever against botnets by Europol. Recent data shows a significant dip in Monero (XMR) mining hashrate, signifying a major change in the network. In just two days, the Monero hashrate has fallen from 2.9 gigahash to 1.78 gigahash. This drop represents a third of its hash and marks its lowest…

The post-halving world of Bitcoin continues to throw curveballs. After a hashrate surge to celebrate the block reward reduction in April, Bitcoin’s computational power has taken a nosedive, dropping 20% in recent weeks. This unexpected decline has ignited a debate among analysts, with some sniffing out a fire sale and others urging caution. Bitcoin: Hashrate Hiccup Or Miner Exodus? Hashrate, a measure of the combined processing power dedicated to securing the Bitcoin network, typically climbs after a halving event as…

The post Bitcoin Miners Under Pressure: Revenue Decline and Hashrate Drop Post-Halving appeared first on Coinpedia Fintech News Bitcoin miners face heightened pressure post-halving as revenue drops abruptly. It left them underpaid by the most since March 2020. The network experienced this year’s fourth negative difficulty adjustment, with a significant drop of -5.6% in hashrate. In fact, it is the largest since November 2022. The strain on miners is this decline highlights the strain on miners, aggravated by a reduction…

Leading altcoin, Ethereum achieved a major milestone as its price touched the $500 mark for the first time in two years. Ethereum experienced a major surge in the early hours of the day and moved past the $500 barrier. There was a sharp correction for the altcoin, which retracted to $495 for a few hours. However, at the time of publication, Ethereum is valued at $505, an increase of 8.35% in the past 24 hours. The altcoin has also seen…