Tagged: hashrate

December 2, 2023 @ 3:52 pm By Omar Faridi  |  

The CME report highlights some interesting facts about “trader positioning,” according to an update shared by NYDIG Research. Updates to Bitcoin/crypto ETFs in the application process “indicate the final decision will likely come down to the final few days,” NYDIG noted. And hash rate surges… Read More

September 30, 2023 @ 3:33 pm By Omar Faridi  |  

Parker Merritt and Kyle Waters from Coin Metrics have provided a close examination of the current Bitcoin mining landscape through the lens of their extensive data. Despite a flat BTC market in the back half of Q3 as spot ETF chatter quieted, hashrate continued “to… Read More

July 26, 2023 @ 10:53 am By Omar Faridi  |  

Sygnum and SATO Technologies are renewing this innovative green financing solution to grow the global ecosystem of carbon-neutral crypto miners. Sygnum provides cash loans “to green crypto miners who pledge a pre-defined portion of their computational mining power, then sells the mined coins to repay… Read More

July 23, 2023 @ 2:36 pm By Omar Faridi  |  

Bitcoin’s hash rate, which is an estimated measure of “how fast the aggregate computational resources supporting the network is guessing solutions to new blocks,” has been on an upward ascent for much of the year, the NYDIG Research team noted. Although that might make sense… Read More

January 29, 2023 @ 6:00 pm By Omar Faridi  |  

As the “crypto winter” continues to drag on, Bitcoin miners are feeling the effects of the prolonged bear market. Many miners, particularly those operating at a small scale, have been forced to shut down operations due to the lack of profitability. However, for those who… Read More

March 22, 2022 @ 9:25 am By Omar Faridi  |  

The team at BitOoda notes that their current target Hashrate (the amount of computing power securing the Bitcoin network) analysis calls for “a back-end loaded growth in network Hashrate to 327EH/s by the end of 2022.” BitOoda writes in a blog post that the longer-term… Read More

March 6, 2022 @ 4:16 pm By Omar Faridi  |  

The correlation of Bitcoin to the Nasdaq is currently ~57%, “climbing over the past week,” according to an update from BitOoda. As the team at BitOoda had noted this past week, the Russian invasion of Ukraine led to “a large sell off that reversed faster… Read More

February 25, 2022 @ 10:59 am By Omar Faridi  |  

Recently, network difficulty on the Bitcoin (BTC) network surged around 4.8% as total hashrate (or the amount of computing power securing the leading cryptocurrency network) exceeded 200 EH/s for the “first time ever.” The team at Compass Mining noted that “breaking through mining profitability’s gloomy… Read More

February 23, 2022 @ 8:37 am By Omar Faridi  |  

The research team at BitOoda has provided an update on Bitcoin and broader public markets. As of February 15, 2022, $291 million in YTD fund outflows have taken place along with an inverted term structure of BTC volatility now “at 11% realized less implied.” As… Read More

February 15, 2022 @ 3:05 pm By Omar Faridi  |  

The correlation of Bitcoin (BTC) to the Nasdaq stands at around 53% and declining. Recently, the S&P and the Nasdaq have stabilized after the late January 2022 selloff, according to an update from BitOoda. As they’ve noted, a large down day in the Nasdaq is… Read More

February 14, 2022 @ 9:51 am By Omar Faridi  |  

Many people have come to own and embrace crypto-assets because of a powerful sense of mission that includes: fairness and efficiency meaning a desire to see transferring money more like sending a text message — “instantaneous and low cost to all, and not something that… Read More

January 18, 2022 @ 9:17 am By Omar Faridi  |  

Brandon Bailey, a crypto mining analyst at Galaxy Digital, notes that a strong Bitcoin bull market, “authoritarian” crackdown on cryptocurrency mining in China and “flight to North America” seems to have flipped the international hashrate economy on its head during 2021. In a recent report,… Read More

December 31, 2021 @ 11:42 am By Omar Faridi  |  

Compass Mining, which claims to be the first and largest online marketplace for Bitcoin mining hardware and hosting, has commented on the relationship between BTC’s hashrate and the leading cryptocurrency’s issuance rate. According to mining analyst Mitch Klee, the inflation rate is “tied to hashrate… Read More

December 26, 2021 @ 12:33 pm By Tony Zerucha  |  

Several factors will impact cryptocurrency mining in 2022 Compute North CEO Dave Perrill predicts. Compute North provides infrastructure for companies in crypto mining, blockchain, and distributed computing. The issues that made 2021 a challenging year will persist into 2022, Perrill said. Chip shortages, shipping delays… Read More

December 18, 2021 @ 3:21 pm By Omar Faridi  |  

BitOoda, an international digital asset financial technology & services platform offering risk management solutions, best-execution brokerage & expert market analysis, notes that Bitcoin declined 3.3% week-on-week, settling at around $48,830 as of midnight UTC on December 15, but has now dropped further to about $46,300 at… Read More

September 26, 2021 @ 9:10 pm By Omar Faridi  |  

As widely reported, China has expanded its ongoing cryptocurrency crackdown. This reportedly includes increasing enforcement against illegal digital currency mining, as well as preventing financial transactions involving crypto-assets. The Chinese central bank also confirmed that any trading, order matching, token issuance and derivatives on cryptocurrencies… Read More

September 26, 2021 @ 7:13 pm By Omar Faridi  |  

Bitcoin (BTC) difficulty, a parameter that virtual currencies use to keep the average time between blocks fairly steady as the blockchain network’s hash power changes (where a relatively high difficulty may help with securing the blockchain against attacks), increased for the fifth straight  time –… Read More

September 13, 2021 @ 10:33 pm By Omar Faridi  |  

The team at BitOoda, an international digital asset financial technology & services platform providing next-gen risk management solutions, best-execution brokerage & expert market analysis, notes in a recent crypto market update that Bitcoin (BTC) dropped around 5.1% WoW, settling at $46,187 “as of midnight UTC… Read More

September 2, 2021 @ 11:46 pm By Omar Faridi  |  

Roxe, a next-gen international payment network, reveals that it will offer qualifying reserve banks with free access to its global Central Bank Digital Currency (CBDC) Plus Program. The new program will aim to enable countries to issue “new secondary or primary sovereign, fiat currencies backed… Read More

August 26, 2021 @ 10:37 am By Omar Faridi  |  

Riot Blockchain, Inc. (NASDAQ: RIOT), which is one of the leading Nasdaq-listed public Bitcoin mining firms in the US, recently shared its financial results “as of and for the three-months ended June 30, 2021.” Riot Blockchain’s unaudited financial statements are also available via the firm’s… Read More