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“# On-chain metrics indicate Bitcoin miners’ influence on the price is diminishing ” A new report by on-chain analytics provider CoinMetrics suggests that miners’ considerable influence on the Bitcoin network is slowly diminishing. The research analyzed miner and pool addresses and spending in order to determine whether their influence over the network as a whole…
“# Layer1 co-founder takes former business partner to court ” Jakov Dolic, co-founder of the U.S.-based Bitcoin (BTC) mining company Layer1, has filed a lawsuit against his former business partner, Alexander Liegl. According to court documents filed on October 30, Dolic claimed that Liegl had ultimately failed to raise funds for the company. As a…
“# Bitcoin just had its biggest mining difficulty drop since 2011 ” Bitcoin (BTC) saw its biggest negative difficulty adjustment in almost ten years on Nov. 3 as the network flawlessly takes care of itself. Data from monitoring resource BTC.com showed that Bitcoin difficulty automatically readjusted by 16% Tuesday. Difficulty sheds most in nine years…
“# Italian man caught allegedly using airport computer systems for ETH mining ” An Italian airport staffer allegedly took advantage of the computer systems at his place of work in order to mine Ethereum (ETH). Employed at an airport located in the Italian city of Lamezia Terme, the staffer allegedly put mining malware onto the…
“# ‘Price follows hash rate’ — Bitcoin fundamentals drop may delay $14K ” Bitcoin (BTC) could see further downward price pressure this week as network difficulty is set to drop the most in five months. Data from data resource BTC.com estimated that difficulty will drop by 8.3% at the next automatic readjustment in four days’…
“# Bitcoin price sees pullback, but bulls still marching toward $20K ” The price of Bitcoin (BTC) has increased by 36% in the last 35 days, showing a strong rally. The market sentiment has been optimistic due to rising institutional demand and the perception of BTC as an inflation hedge. But after a large uptrend,…
“# Marathon and Riot battle for the title of America’s biggest Bitcoin miner ” Nevada-based cryptocurrency mining firm Marathon Patent Group has announced the purchase of 10,000 Antminer S-19 Pro ASICs as part of its plan to become the largest mining firm in North America. The publicly traded firm announced the purchase on Oct. 26,…
“# Bitcoin fees spike 198% but Ethereum still more profitable ” Bitcoin (BTC) transaction fees have nearly tripled in three days, from $3.52 to $10.20 on average. According to crypto market data aggregator Glassnode, 22.25% of Bitcoin miners’ income is currently made up of fees, with the other 77.75% coming from block rewards. The share…
“# BTC hash rate slumps amid seasonal miner migration in China ” Mining data aggregators attribute a slump in Bitcoin’s hash rate to the end of the wet season in Sichuan, resulting in many miners migrating to other jurisdictions. On Oct. 26, Thomas Heller of Bitcoin (BTC) mining blog Hashr8 reported that roughly 22 exahashes…
“# How to build a crypto mining rig in 2020 to earn Bitcoin and Ether ” In a time of global crisis, a pandemic, and a generally unstable political and social environment, cryptocurrencies have shown remarkable stability. Moreover, the pandemic-induced economic downturn played into the hands of the industry by not only attracting professional cryptocurrency…