The drop in mining difficulty should spell relief for the largest mining firms.
Read moreBitcoin hashrate drawdown reaches December 2022 levels
This metric can be used to spot relative bottom points in the market price of Bitcoin and signal potential accumulation opportunities.
Read moreBitcoin breaks 18-month hashrate uptrend: Are BTC miners capitulating?
Despite the drop in hashrate, Bitcoin miner selling isn’t correlated with the BTC price drop from $71,100 to $66,000.
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Competitive Pressure Builds for Bitcoin Miners as Hashprice Swings
Bitcoin’s hashrate experienced an uptick this week, briefly surpassing 600 exahash per second (EH/s) and currently stabilizing at 598 EH/s. The hashprice, which represents the
Read moreUS Bitcoin miners silent in face of Kerrisdale ‘snake oil’ claims
U.S. Bitcoin miners have remained tight-lipped following a recently released Kerrisdale Capital report criticizing the industry.
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3 Bitcoin Mining Pools Wield 69% of Total Hashrate Discovering 301 Blocks in 72 Hours
Figures reveal that over the preceding 72 hours, three bitcoin mining pools discovered more than 69% of the 436 blocks found during that period. Foundry
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