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Bitcoin Network’s Mining Difficulty Sees Largest Epoch Drop Since 2011

Bitcoin’s mining difficulty saw the second-largest drop in history on Tuesday, as the difficulty dropped to 16.78 trillion, losing a touch over 16% since last week’s all-time difficulty high. The last time bitcoin’s mining difficulty dropped so low was in October 2011, when it lost around 18%. Since the large difficulty drop took place, the […]

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Bitcoin Miners Saw 8% Revenue Increase in October

Bitcoin miners generated an estimated $353 million in revenue in October, up 8% from September, according to on-chain data from Coin Metrics analyzed by CoinDesk. The revenue increase came as bitcoin soared through October, closing the month up nearly 30% at $13,800 on Coinbase. Seasonal shifts in mining hardware in late October also caused an increase […]

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Report: 76% Crypto Miners Use Renewables As Part Of Their Energy Mix

The rising energy demand of proof-of-work cryptocurrencies such as Bitcoin (BTC) has been a hotly debated topic. But the 3rd Global Cryptoasset Benchmarking Study by the University of Cambridge shows that 76% of cryptocurrency miners use electricity from renewable energy sources as part of their energy mix. The study found that over 39% of the total […]

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Minting Dozens of Coins a Day, Speculators Tap Into Crypto Craze

Risk is running rampant in financial markets. Stocks trade at dot-com-era valuations, the IPO pipeline is full, SPACs are back, Bitcoin’s headed toward a record. And right on cue, here come the crypto opportunists. Fueled by a spike in speculative appetite, cryptocurrency entrepreneurs are offering new digital coins at a torrid pace reminiscent of the Bitcoin […]

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Mysterious Bitcoin Mining Pattern Potentially Solved After Seven Years

Cointelegraph reported last week about the latest findings of Sergio Dermain Lerner, who is known for his discovery of the so-called “Patoshi pattern.” His latest research suggests that Satoshi Nakamoto likely used a single PC to mine approximately 1.1 million Bitcoin (BTC). However, it appears that there was something of even greater importance lost in […]

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Foiling Illicit Cryptocurrency Mining With Artificial Intelligence

Los Alamos National Laboratory computer scientists have developed a new artificial intelligence (AI) system that may be able to identify malicious codes that hijack supercomputers to mine for cryptocurrency such as Bitcoin and Monero.”Based on recent computer break-ins in Europe and elsewhere, this type of software watchdog will soon be crucial to prevent cryptocurrency miners […]

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Is Bitcoin Mining Still Profitable In 2020?

Since reaching its lowest value of 2020 back in March, the price of Bitcoin (BTC) has been on a meteoric uptrend, with the leading cryptocurrency more than doubling in value in the last five months. has increased by more than 25% since March, recently reaching its highest ever value. In May 2020, Bitcoin also completed its […]

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Why Chinese Miners Won’t Stage a 51% Attack on Bitcoin

China accounts for more than half of the world’s Bitcoin mining capacity but Jameson Lopp, the co-founder and CTO of Casa, has hosed down fears that Chinese miners are a threat to Bitcoin in a blog post on Aug. 9.Although many people have raised concerns over the concentration of such much hashpower being located in […]

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Power Plants in Iran Now Authorized to Mine Bitcoin

Power plants in Iran are allowed to mine cryptocurrencies, the deputy head of the country’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly confirmed. Mostafa Rajabi Mashhadi, deputy head of Tavanir, explained that entities have to apply for the necessary licenses from the Ministry of Industry, Mine and Trade, and comply with the tariffs set […]

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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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