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Key Notes Bitcoin mining difficulty has moved from 134.7 trillion to 137 trillion. This is the fifth consecutive increase that this metric has seen since June. Bitcoin mining profitability is strained, causing small miners to liquidate holdings. Bitcoin BTC $111 792 24h volatility: 0.5% Market cap: $2.23 T Vol. 24h: $28.31 B mining difficulty has surged to a record high of 136 trillion. Coming from a previous all-time high (ATH) of 134.7 trillion, this metric sets the tone for strong competition among miners, as it also reflects the improved efficiency…
Ocean Mining reports that a small, $500 application-specific integrated circuit (ASIC) Nerdminer, humming along at about 5 terahash per second (TH/s), managed to hit a block — a feat that would typically demand a wait of more than 3,500 years. DATUM-Driven Baby Nerdminer Stuns Network by Beating 960 EH/s Odds On social media, people have […] Original
Bitcoin’s mining math hit a fresh high this week as the network’s difficulty climbed to a new all-time peak of 135 trillion. Miners now need more computing work than ever to win a block, while the overall hashpower available to the network has slipped from its summer peak. Related Reading Mining Difficulty Reaches New High According to on-chain data, network hashrate fell to 967 billion hashes per second after topping 1 trillion hashes per second on August 4. That gap — rising difficulty paired with a lower hashrate — tightens…
According to a shareholder letter, Thumzup Media completed a $50 million common stock offering at $10 per share and laid out a two-part plan: expand into Dogecoin mining and put selected cryptocurrencies into a corporate treasury. Related Reading Thumzup Raises $50 Million The new cash will help fund a pending acquisition of Dogehash Technologies, a deal that calls for Thumzup to issue 30.7 million shares to Dogehash shareholders. Once the transaction closes, the mining firm is set to be renamed Dogehash Technologies Holdings and is expected to trade on Nasdaq…
Bitcoin mining is undergoing a profound shift by increasingly adopting alternative renewable energy sources. This trend has led to a remarkable change in the industry’s energy profile, with more than half of the network’s power now coming from sustainable sources. Why Renewable Energy Is Becoming A Strategic Edge For Miners In an X post, Natalie Brunell explained that Bitcoin mining is a unique process that consumes energy to secure the network, while ensuring its integrity and scarcity. Unlike traditional currencies that a central authority can print, Bitcoin’s supply is fixed.…
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