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Tag: miners

What Is the Drivechain Proposal and Why Is It Dividing the Bitcoin Community?

September 5, 2023 wp-bot Bitcoin News

Drivechain, a Bitcoin improvement proposal that presents a way of scaling Bitcoin using sidechains, level two blockchains that receive bridged tokens from a parent chain,

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Bitcoin Miners Anticipate Relief: Upcoming Difficulty Reduction Projected After August’s Challenges

September 1, 2023 wp-bot Bitcoin News

While Bitcoin experienced two difficulty adjustments upward last month, the next one, expected around September 6, 2023, is estimated to be a reduction. Currently, the

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Bitcoin Miners Feel the Pinch: 10% Value Drop Tanks Hash Price in August

August 29, 2023 wp-bot Bitcoin News

August has proved to be a challenging month for bitcoin miners, facing two difficulty spikes and witnessing the currency’s value plummet over 10% in the

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Another Bitcoin Metric Is About To Reach A New All-Time High Despite The Bear Market

August 28, 2023 wp-bot Bitcoin News, News BTC

The price of Bitcoin has taken a beating in the past month. The leading cryptocurrency by market cap is down by more than 11% from

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Bitcoin revenue per terahash nears record lows as hashrate soars

August 28, 2023 wp-bot Cointelegraph

As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability.

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Bitcoin Miners Navigate Record Challenges and August’s Dual Difficulty Hike

August 23, 2023 wp-bot Bitcoin News

Bitcoin miners faced another uphill battle this month, marking the second straight increase in mining difficulty. On August 22, at block height 804,384, the difficulty

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