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” Gov’t says crypto miners consume 2% of total electricity in Russia “ Crypto miners account for two percent of the total electricity consumption in Russia, according to the latest government estimate. The energy consumption share of the crypto mining industry has exceeded the country’s agricultural sector, showing signs of recovery after Russia fell out…
” Bitcoin network difficulty falls 4.3% to 29.897T, biggest drop in 10 months “ The Bitcoin network witnessed a historic event on May 12 when the network difficulty attained its all-time high of 31.251 trillion as miners mined nearly 50,000 BTC of the remaining 2 million tokens. While the Bitcoin community rejoiced the added resilience…
” Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market “ Bitcoin (BTC) support at the $30,000 level has proven to be quite resilient amidst the turmoil of the past two weeks with many tokens in the top 100 now showing signs of consolidation after prices bounced off their recent lows….
” China returns as 2nd top Bitcoin mining hub despite the crypto ban “ The Chinese government has not managed to take down cryptocurrency operations as part of its crypto ban last year as China has re-emerged as one of the world’s largest Bitcoin (BTC) mining hubs, according to a new report. China became the…
” Bitcoin network fortifies as mining difficulty records ATH of 31.251T “ Further distancing itself from any concerns of planned attacks on the blockchain, the Bitcoin (BTC) network established a new mining difficulty all-time high of 31.251 trillion — exceeding the 30-trillion mark for the first time in history. The creator of Bitcoin, Satoshi Nakamoto,…
” Bitcoin celebrates halfway to the halving with new hash rate record “ Bitcoin (BTC) marks a milestone mining journey on Thursday, crossing the halfway point on the way to its next halving. In Block number 735,000, mined at approximately 10:29 UTC, Bitcoin crossed the halfway point to the next halving. The block was mined…
” Bitcoin network difficulty breaks into a new all-time high of 29.794T “ Reassuring its position as the most resilient blockchain network against attacks, the Bitcoin (BTC) network recorded a new all-time high network difficulty for the second time this month in April — jumping from its previous all-time high of 28.587 trillion to 29.794…
” Bitcoin network hash rate hit a new record high amid price volatility “ The hash rate of the Bitcoin (BTC) network hit a new ATH, even when the price of the top cryptocurrency struggled to get past the $40,000 mark. The network’s hash rate hit a new record high of 258 EH/s on Thursday before…
” One-fifth of global Bitcoin hash rate is now controlled by listed companies “ A recent report has shown that nearly one-fifth of the total share of Bitcoin’s (BTC) hash rate now belongs to publicly-listed mining companies. The report, published by Arcane Research, details that publicly-listed Bitcoin mining companies now account for 19% of Bitcoin’s total hash rate,…
” Intel launches new Bitcoin mining chip Blockscale “ On Monday, semiconductor manufacturing titan Intel unveiled its new Bitcoin (BTC) mining chip, Blockscale. The application-specific integrated circuit, or ASIC, hardware is designed to operate on proof-of-work blockchains using SHA-256 encryption. As told by Intel, Blockscale will have a hash rate of up to 580 gigahash…