According to on-chain data analytics provider, Glassnode, Ethereum’s Hash Rate just reached an all-time high (ATH) of 532,411,759,741,113. As a Proof-of-Work (PoW) network, the hashrate is a measure of the processing power of the Ethereum blockchain. The hashrate specifically helps determines the number of times the network can attempt to complete a difficult mathematical puzzle
Data suggests that Bitcoin [BTC] hodlers are exhibiting strong hands as the post halving bull market continues to rage. Both institutional and retail investment, on-chain, is at an ATH, looking to ‘stack sats.’ Store of Value The velocity of ‘money’ is a measurement of the rate of exchange of the ‘currency’ in the market. High
According to the observations made by F2Pool, in the latter half of the year, we could finally witness a more even distribution of total Bitcoin hash rate with the U.S. and Canada looking to compete with China’s dominance. China’s Dominance Developed by the University of Cambridge, the chart below plots the monthly distribution of hashrates
Bitcoin [BTC] mining hash-rate has dropped to March lows after as inefficient and old generation miners are being driven out by low profitability. Nevertheless, the arrival of the flood season by the end of the month is expected to cause an uptrend in hash-rate with the availability of cheap electricity. Miners Asked to Side-Step China
Bitcoin [BTC] halving was celebrated across the entire crypto-industry. Media outlets and top contributors held long chat sessions, hang-outs, and giveaways to commemorate the 4-yearly event. Looks like the miners were having a party of their own as they deployed their machines to push the hash-rate to a new All-Time High. The new ATH in hashrate
Bitcoin [BTC] hash-rate is at an yearly high level around 120-125 Eh/s. The network witnessed the last difficulty adjustment before the halving as the difficulty moved up a meager 1% yesterday. Now, above the levels attained during February high. The network has returned to the levels before the crash, which caused a 20% crash after
Bitcoin halving is only a week away from now, and the market anticipations running high. The google search trend for ‘Bitcoin Halving’ reports a four fold increase in comparison with the last event in 2016. Moreover, past investors have also been weary of a ‘sell the news’ event, which is also consistent with last time.
During the ‘Black Thursday’ crash in Bitcoin, the price dropped by 50% effectively replicating post halving rewards. The fear of a pullback to the lows again saw considerable capitulation among miners. The lows in the Hash rate was 81 EH/s. While recovery in hash rate was seen in April, the total hash rate is back
The cryptocurrency market has been chaotic over the past seven days as Bitcoin prices wobbled in and out of the $7,000 range, Tether broke the $7 billion market cap mark, Libra releasing a new whitepaper and Binance completing its largest burn yet. Here is what you may have missed during the week. Bitcoin’s Report: Hashrate
The total hashrate of Bitcoin mining has jumped to 120 E Th/s (levels achieved as it touched new highs in early 2020). Hence, not only Bitcoin [BTC] price but also the hashrate is witnessing a V-shaped recovery. Currently, the difficulty range and hashrate are at par with the levels in January. However, the price is
The first fork of Bitcoin – BCH underwent halving yesterday, and the response from the miners was disastrous. It caused nearly a 90% decline in some mining pools as the total hash rate of the network declines drastically. The block times of Bitcoin Cash [BCH] have increased dramatically, making it easily susceptible to 51% attacks.
Ethereum Classic (ETC) hash rate hits all-time high amidst 160% growth in the last 30 days. The “original Ethereum” is eyeing to enter the top 10 coins after boosting 13% in 24 hours. Ethereum Classic (ETC) is getting better and better since the 32% spike in the last week of December last year as the
The total Hash Rate of Litecoin [LTC] Mining reached its’ yearly lows, despite reaching ATH in July this year (a 75% drop from its ATH). The profitability of LTC mining has turned negative at electricity cost above $0.075 Kwh. Litecoin [LTC] miners seem to be getting cold feet due to falling prices as the hash
Bitcoin’s revival above $11,000 has brought it into the attention of people again after 2017. Moreover, the characteristics are profoundly different this time with rising institutional interest and global awareness about it. The price of Bitcoin has recovered by about 57% of its value from its all-time high. Therefore, even if someone invested $100 giving
Bitcoin Satoshi Vision (BSV) is apparently losing ground to become the ‘one true Bitcoin’ as its network capacity, and its support is decreasing in number. Hash rate and Cost of Carrying Out 51% Attack The total hash rate of the network also speaks volume about the cryptocurrency. The cryptocurrencies with a higher number of miners
The first quarter of 2019 has been fairly decent for Litecoin. Not just the price of the coin saw a peak of USD 99 dollar but now the hashrate has all reached the new all-time high making it fundamentally stronger and more secure. Litecoin’s Network hashrate follows the price According to data provided by BitInfoCharts,