Tagged: hashrate

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

August 17, 2021 @ 10:03 am By Omar Faridi  |  

The researchers at BitOoda have noted in a recent update that this past Friday’s Bitcoin (BTC) network difficulty reset “took the target Hashrate (or amount of computing power securing the network) to 111 EH/s, up ~7% over the prior epoch.” BitOoda, a global digital asset… Read More

July 21, 2021 @ 12:44 am By Omar Faridi  |  

The team at BitOoda, a global digital asset financial technology & services platform providing next-gen risk management solutions, best-execution brokerage & expert market analysis, has released their Weekly Hash Report, dated July, 19 2021. As noted in the report from BitOoda, hashrate or the amount of… Read More

July 13, 2021 @ 4:29 pm By Omar Faridi  |  

The research analysts at BitOoda have published their Weekly Hash report, dated July 12, 2021. The report reveals that cryptocurrency miner economics have improved despite the range-bound Bitcoin (BTC) price. The BitOoda team writes in a blog post that China’s Bitcoin mining ban “continues to… Read More

July 10, 2021 @ 11:26 am By Omar Faridi  |  

Riot Blockchain, Inc. (NASDAQ: RIOT), which is one of the leading Nasdaq-listed Bitcoin mining firms in the US, reveals its June production and operations updates, including its “unaudited” BTC production for the month of June 2021 and its “miner deployment status.” Last month, Riot produced… Read More

July 6, 2021 @ 11:45 pm By Omar Faridi  |  

As the Bitcoin hashrate (the amount of computing power securing the world’s largest cryptocurrency network) experiences its worst drop ever, the newly established Bitcoin Mining Council has revealed that global Bitcoin mining is now mainly being powered by “sustainable energy.” The report from the Mining… Read More

July 6, 2021 @ 10:56 am By Omar Faridi  |  

The BitOoda team has shared their Weekly Hash report, dated July 5, 2021. The target Bitcoin (BTC) hashrate is down 28% (on weekend reset), the BitOoda team noted in their latest report. China’s Bitcoin mining ban is “playing out, resulting in target Hashrate falling to… Read More

July 3, 2021 @ 3:47 pm By Omar Faridi  |  

The team at NYDIG, a financial services and technology company dedicated to Bitcoin, has taken a look back at the second quarter and the events that “shaped it,” as well as looking forward to key events in the foreseeable future. The report from NYDIG acknowledges… Read More

July 1, 2021 @ 3:08 pm By Tony Zerucha  |  

China’s recent actions on Bitcoin are going to reverberate across the industry for some time, the CEO of Graph Blockchain believes. Through subsidiary Babbage Mining, a proof of stake miner focused on altcoins, Graph Blockchain exposes its investors to cryptocurrency. The decision crack down on… Read More

June 30, 2021 @ 11:42 am By Omar Faridi  |  

Nate Maddrey and the Coin Metrics research team notes in their latest State of the Network report that the cryptocurrency markets plummeted again this last week after more news surfaced about stricter Chinese regulation, including the People’s Bank of China (PBoC) instructing the nation’s financial… Read More

June 30, 2021 @ 7:55 am By Omar Faridi  |  

China’s Bitcoin mining ban has been moving forward in an aggressive manner, which has led to a rapid decline in hashrate or the amount of computing power required to secure the BTC network. The team at BitOoda notes in a blog post, dated June 29,… Read More

June 21, 2021 @ 1:31 pm By Omar Faridi  |  

Cryptocurrency mining specialist Zack Voell notes that this month, Bitcoin mempools have been “emptying more frequently than usual” during the last 6 months. According to Voell, this short-term trend of empty mempools follows BTC’s price drop down to around $30,000 through the end of May… Read More

June 21, 2021 @ 7:51 am By Omar Faridi  |  

The team at BitOoda, a global digital asset financial technology and services platform offering risk management solutions, recently noted that the Bitcoin market is continuing its consolidation pattern. As mentioned in an update from BitOoda, $30,000 has “proved to be a support level for now.”… Read More

June 17, 2021 @ 1:35 am By Omar Faridi  |  

Nate Maddrey and the other researchers at Coin Metrics have shared their latest State of the Network Report. Published on June 15, 2021, the report from Coin Metrics notes that on June 9, 2021, the El Salvador Congress introduced a bill that officially made Bitcoin… Read More

June 12, 2021 @ 9:59 am By Omar Faridi  |  

Zack Voell, a cryptocurrency mining specialist, writes in a blog post published by Compass that Iran has banned Bitcoin mining for four months in the country’s most recent “legal pivot” away from the “begrudged but enduring segment of miners” operating in the country. Voell points… Read More

June 9, 2021 @ 8:23 am By Omar Faridi  |  

Nate Maddrey and the Coin Metrics research team noted that during the past month, Ethereum (ETH) trading volumes have been catching up with Bitcoin (BTC) volume on Binance, the world’s largest crypto exchange. Although Bitcoin led by a significantly large margin at the start of… Read More