fbpx
Bitcoin price has made a strong recovery over the last week or so, nearly doubling in value from the lows it set during the extreme, panic-induced selloff earlier this month.And as price has made a recovery, Bitcoin miners have begun returning to the market, turning back on their rigs, as can be seen by an…
For almost its entire existence, Bitcoin mining has been dominated by Chinese companies. Most of the world’s largest mining pools, chip manufacturers, and the ASIC operators themselves call the country home.Wanting to see that change is Brandon Arvanaghi of US mining company Layer1. He goes as far to say that the United States providing hashing…
Bitcoin (BTC) hasn’t done too hot over the past few months, plunging some 50% since the June top of $14,000. The selling has stopped over the past few weeks, with the price of the leading cryptocurrency flatlining in the low-$7,000s, leading some to suggest that another leg lower is possible.But it seems that the cryptocurrency…
Bitcoin miners in China already have to deal with a government that wants to stamp out their industry. Add to that natural disasters such as flooding and landslides, and they have a full plate to contend with. Sichuan Bitcoin Farms Hit by Floods According to government services, monsoon flooding in China during July and August…
Just a week after the Bitcoin network notched up another new hash rate high, it has done it again and this one is a bit of a milestone. Bitcoin Hash Rate Hits 80 EH/s For the first time ever, Bitcoin’s hash rate has topped 80 Exahashes per second. According to Bitinfocharts.com network hash rate hit…
The Bitcoin network is growing from strength to strength. One measure of this is hash rate which is the equivalent of network horsepower, and this metric has just reached another milestone. Bitcoin Network Keeps Cranking Hash rate in simple terms is the speed at which computers on the network operate. For miners, the higher the…
The Bitcoin network is looking stronger than ever but prices are starting to decline in a long awaited correction. The weekend had many thinking that the bulls could push higher, but those thoughts have been quashed Monday morning as markets continue to dump. Bitcoin Dumps 9% on The Day The weekend witnessed a minor resurgence…
Crypto markets have continued with their consolidation, waiting for Bitcoin to make a move. There are very few crypto assets doing anything today, but Litecoin is one of them, lifted further as the halving approaches. 60 Days To Litecoin Halving In the past few hours Litecoin has started to move upwards again. From $102 a…
Litecoin prices trending higher Hash rate around ATHs at 347 TH/s against 359 TH/s The direct correlation of hash rate with prices means Litecoin network is secure as miners funnel their computing power searching for profit. At spot rates, the coin is up 3.6 percent and bouncing off the middle BB as buyers flow back.…
As Bitcoin spirals to new 2018 lows and drags the enitre cryptocurrency market down with it, investors and analysts are becoming increasingly interested in the factors that could be contributing to this drop that extends further than simply a lack of buying volume and increased selling pressure. At the time of writing, Bitcoin is trading…