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Bitcoin Mining Difficulty Hits Record High of 17.3 Trillion

Following last week’s record-high Bitcoin hash rate, the latest difficulty adjustment saw a change of +9.89%, bringing the level to a new all-time high of over 17.3 trillion on July 13.Despite a lack of recent significant Bitcoin (BTC) price action, the fundamentals securing the network are as healthy as they’ve ever been. This is more […]

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Stock in Crypto Mining Firms Riot and Hive Massively Outperforms Bitcoin

The share price of Bitcoin (BTC) mining firms Riot Blockchain and Hive Blockchain has produced enormous year-to-date gains, with stock in Riot nearly doubling while Hive’s has tripled over 2020 so far. However, not all mining firms have fared well throughout the COVID-19 pandemic, with Canaan’s stock falling nearly 70% since early January, and both Hut […]

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Bitcoin’s Mining Difficulty Has Rarely Been This Static in a Decade

Bitcoin’s mining difficulty just posted the smallest percentage change in 10 years. The Bitcoin network adjusted its difficulty level at 01:18 UTC on July 1 to 15.7842 trillion – down a mere 0.0033% from the previous level of 15.7847 trillion set June 17. The percentage change is small enough that it is rounded up to a […]

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New Bitcoin Mining Machines Hit US As Major Firm Inks Deal With Bitmain

A principal player in North America’s Bitcoin mining sector just inked a deal for a mammoth import of next generation mining equipment from Malaysia, a move in step with other North American mining companies which are scaling operations to compete with their Chinese counterparts. Core Scientific has purchased some 17,595 Antminer s19s from Chinese ASIC chip […]

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What Will Happen To Bitcoin After All 21 Million Are Mined?

There are 21 million Bitcoin. That’s it. Once they’re all mined, which should occur in around 2140, no new Bitcoin will enter circulation. The Bitcoin blockchain was designed around the principle of controlled supply, which means only a fixed number of newly minted Bitcoin can be mined each year until a total of 21 million coins […]

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Miners Are Selling More of Their Bitcoin. That May Actually Be Bullish

Despite Tuesday’s sudden price decline, miner flows suggest the bitcoin market remains strong. The biggest cryptocurrency by market value fell 8% from $10,137 to $9,298 in less than 5 minutes during Tuesday’s U.S. trading hours, dashing hopes for a continued upward move.  The price drop, however, has not deterred miners from running down their inventory. According to data […]

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Publicly Traded Firm Buys An Additional 1,040 Bitcoin Miners

Yesterday afternoon, Riot Blockchain, a listed Nasdaq ​public cryptocurrency mining company, announced the purchase of an additional 1,040 next-generation Bitmain S19 (95 TH) Antminers for $1.9 million from BitmainTech. The more energy-efficient machines are expected to increase the Company’s ability to produce Bitcoins. The Company said in a prior announcement in April that it bought 1000 S19 […]

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Microsoft Patent Describes Tracking Brain Activity to Mine Cryptocurrency

A new patent application by Microsoft details a way to use bodily functions, such as brain activity, to mine cryptocurrency. The application, entitled “Cryptocurrency System Using Body Activity Data” explains how a “brain wave or body heat emitted from the user when the user performs the task provided by an information service provider, such as viewing […]

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Report on China’s Blockchain Industry Weathering the Storm of COVID-19

The COVID-19 pandemic is threatening to plunge the world into the deepest crisis since the Great Depression and could deprive global economies of $5.5 trillion over the next two years. China’s economy shrank for the first time in 44 years. China’s gross domestic product fell by 6.8% in the first quarter compared with last year. […]

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HTC Is Bringing Cryptocurrency Mining to Its Exodus Blockchain Phone

Taiwan-based tech giant HTC will allow users of its Exodus blockchain phone to mine cryptocurrency, but it isn’t going to make them rich.As reported by Forbes on Friday, the firm has partnered with Mida Labs to use its DeMiner app on the Exodus 1S model. The app allows users to mine monero (XMR) and can […]

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