Tag: Mining

Bitcoin Significant Adjustment: Mining Difficulty Hits 18-Month Low

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The Bitcoin mining difficulty has experienced a significant decrease, the largest drop observed in the last 18 months. This change is directly tied to fluctuations in the network’s hash rate, which has dipped below 600 EH/s following the recent halving event. The adjustment, which marks a 5.7% fall in mining difficulty, brings the level down to 83.1 trillion, according to data from Bitbo. Bitcoin Mining Difficulty History Chart. | Source: Bitbo This most substantial adjustment since December 2022 reflects broader shifts within the Bitcoin mining landscape. At that time, Bitcoin’s…

Bitcoin mining difficulty drops by 6%, lowest since December 2022

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Bitcoin mining difficulty has dropped to its lowest level since December 2022. According to BTC.com, on May 9, the difficulty of mining Bitcoin (BTC) fell by 5.63% to 83.15 T. The same value was during the 2022 bear market phase due to a series of bankruptcies, including the collapse of Terra and FTX. Source: BTC.com Since the previous change in value, the average hashrate over an approximately two-week period was 595 EH/s versus 630 EH/s, indicating the possible shutdown of equipment by miners, the operation of which became unprofitable after…

GoMining Secures Bitscale Capital Backing to Accelerate Its NFT-Based Bitcoin Mining Operation

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PRESS RELEASE. British Virgin Islands / Wednesday / GoMining, the infrastructure company easing access to Bitcoin mining with its Liquid Bitcoin Hashrate protocol, has raised $3 million through a direct investment from Bitscale Capital, a top international VC fund. The agreement will see Bitscale Capital acquire equity worth $3 million, in the shape of GOMINING, […] Original

Exploring Inccrypto’s free cloud mining for Bitcoin mining enthusiasts

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Explore the accessible and profitable world of cloud mining with Inccrypto, a leading platform that allows users to mine cryptocurrencies remotely without upfront investment. Cloud mining is a process of mining cryptocurrencies using remote data centers, where users can rent processing power and mining hardware to mine cryptocurrencies without having to manage the hardware themselves. The mining hardware is owned and operated by the cloud mining service provider, and…

US Senators cite security concerns over Iran’s crypto mining sector

Iran’s cryptocurrency mining sector is under fire as United States Senators Elizabeth Warren and Angus King believes its a threat to national security. According to a letter to National Security Advisor Jake Sullivan, Defense Secretary Lloyd Austin and Treasury Secretary Janet Yellen, sent on May 1, the senators have urged the Biden administration to detail the possible ties between the Iranian government and local crypto miners. Senators Warren and King believe that digital assets being mined in Iran are being used to bypass U.S. sanctions and fund terrorist organizations like “Hezbollah.” Further, they allege that these funds were also used to fuel…

Marathon Sets New Record by Mining Bitcoin’s Largest Block, Showcasing the Logos’ Manifesto

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On May 3, the Bitcoin network validated its largest block to date at block height 841,886, which included an inscription showcasing the technology stack dubbed Logos’ manifesto. This block, similar to the one that previously held the record as the largest, was mined by Marathon. Record-Setting 841,886 Bitcoin Block Mined, Outpacing Previous Milestone Marathon has […] Original

CEO of Loka Mining on Bitcoin’s DeFi possibilities

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Speaking to crypto.news in an interview, Andy Fajar Hardika, CEO of Loka Mining, discussed the evolution of decentralized finance (defi) on the Bitcoin network. On April 19, 2024, Bitcoin mining rewards were slashed in half. Mining a block will now generate only 3.125 BTC, compared to the previous 6.25 BTC. Although the Bitcoin halving happens every four years or so this year, it’s really got industry participants talking about how the reduced rewards will affect the mining economy. With each halving event, mining firms have to adapt to a lower-margin…