Bitcoin’s Dominance Hits Yearly High: Implications for the Crypto Market

The recent resurgence in Bitcoin's dominance within the cryptocurrency market has raised several questions about its implications for the broader crypto landscape. Bitcoin dominance is a key metric, representing the proportion of the total cryptocurrency market capitalization held by Bitcoin. When B ...

Tether’s Venture into Bitcoin Mining in Uruguay: Challenges and Opportunities

Tether Holdings Inc., the company behind the leading stablecoin USDT, announced on March 30 their new enterprise with sustainable Bitcoin mining in Uruguay. Five months later, there was a new update on August 24 on what could be one of these new Bi ...

Noteworthy Solo Bitcoin Miner Successes and Pooled Efforts

Solo miner managed to mine a block on the Bitcoin network and get 6.25 BTC for it, which is roughly equal to $162000 at the current exchange rate. A CKPool mining pool user with the wallet address bc1q2za4ejga366sn288273pty8trasn5zs4y9hqg6 mined a block in the network ...

Canadian Mining Company Bitfarms to Expand Production to 100 MW in Argentina

Bitfarms, a mining company based in Canada, has announced that it has secured the necessary electricity permits to expand its production capacity to 100 MW at its Rio Cuarto facility in Argentina. The company is planning to increase the farm's active capacity by 100% by April 28, with the additio ...

Bitcoin Mining Difficulty Reaches New Record High

Following the latest recalculation of the bitcoin mining complexity, the measurement increased by 1.72% and has now surpassed the previous record to reach an all-time high of 48.71 trillion hashes. This adjustment occurs roughly every two weeks and is reliant on the network hashrate - the higher ...

Hive Blockchain Reports 8% Increase in Bitcoin Mining Hashrate

Hive Blockchain, a Canadian mining firm, has recently reported an 8% increase in its total Bitcoin mining hardware hashrate over the last month. In May, Hive wallets received a total of 273.4 BTC and 2,694 ETH, while the hash rate of ETH mining devices remained constant at 6.26 Tx/s. The total ha ...

Bloomberg Intelligence analysts confirm Bitcoin’s dominance as a global reserve asset

Bloomberg Intelligence analysts cited data on the growth of investor confidence in bitcoin: the first cryptocurrency successfully passed a liquidity stress test amid the US banking crisis. A study by Bloomberg Intelligence experts says that for the vast majority of crypto ...

Bitcoin Mining Difficulty Reaches New Record at 47.89 Trillion Hashes

Bitcoin mining difficulty has recently reached a new milestone, with the figure surging by 2.23% to reach an all-time high of 47.89 trillion hashes. The previous record was set on March 24, 2023, when it reached 46.84 trillion hashes. The mining difficulty of the world's largest cryptocurrency ...

Marathon Digital Sets Record for Bitcoin Production in Q1 2023

Marathon Digital, the second-largest Bitcoin storage company globally, has set a new record for cryptocurrency production. According to Marathon CEO Fred Thiel, the company increased its Bitcoin production by 41% quarter-on-quarter to a remarkable 2,195 BTC. The month of March was especially f ...

Bitcoin Mining Revenue Surges to $755M in March 2023

Bitcoin mining companies have reported their best results since May of the previous year, with a combined revenue of $755 million generated in March of 2023. The hashrate of the Bitcoin network continues to rise, and so does the difficulty of mining the first cryptocurrency. Despite these chal ...

Bitcoin Mining Difficulty Reaches New Record High

Following yet another adjustment of the mining difficulty on the Bitcoin network, a remarkable new benchmark has been achieved, with a difficulty rating of 46.84 T. This marks the third consecutive surge in difficulty, with significant implications for all those involved in the mining process. In ...

Bitcoin Mining Complexity Hits New Record Amidst Rising Hashrate

A new milestone has been reached in the world of Bitcoin mining, with a fresh recalculation revealing a record-breaking figure. The complexity of mining has spiked by 7.56%, reaching an impressive 46.84 trillion hashes. This exceeds the previous record, which was set on March 14 and stood at 43.5 ...

Bitcoin Mining Difficulty Reaches New Record: 43.55 Trillion Hashes

The difficulty of mining the first cryptocurrency has been recalculated, and it has shown a 1.16% increase, reaching a new record of 43.55 trillion hashes. This new record makes Bitcoin mining more challenging and less profitable. Previously, on February 25, the difficulty of mining reached 43.05 ...