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 ...

Bitcoin Network Fundamentals Remain Strong Despite Price Drop

Bitcoin (BTC) network fundamentals are in no mood to follow bearish BTC price action this week. The latest on-chain data confirms that difficulty has hit new all-time highs, with hash rate not far behind. Bitcoin mining difficulty ends slump Despite BTC/USD droppin ...

Solo Miner Strikes Gold: Earns $170,000 Reward for Mining a Bitcoin Block

Solo miner with a processing power of 750 TH/s produced a block in the Bitcoin network under the number 790,958. The miner received a reward of 6.25 BTC (approximately $170,000) for the found block. The total hashing speed on the Bitcoin network on May 23 was 367.07 EH/s. ...

Bitcoin Network’s Hash Rate and Mining Difficulty on the Rise

The Bitcoin network's hash rate continues to grow, and with it, so does the difficulty of mining BTC. Whereas at the time of last recalculation the figure was down 1.45%, it is now up 3.22%, reaching 49.55 Tx. The recalculation of ...

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 ...

Bitcoin rises to $30,000: Is the crypto-zima over?

In the first half of April, bitcoin rose to $30,000 for the first time in 10 months, and has been trading at that level for the past week. Is the crypto-zima over and should we expect further market growth? Over the past year, bitcoin has lost 65% of its all-time high price ...

Cryptocurrency Weekly Update: Bitcoin Stabilizes, Ethereum Rises on Shapella Update Hype, Cardano Declines

Cryptocurrencies did not show any strong dynamics in the outgoing week. However, for individual coins, large investors continue to increase their positions. What is it connected with? bitcoin Over the week, the cost of bitcoin dropped from $28,4 ...

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 ...

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 ...

Fear and Greed Indicator Reaches High in Bitcoin Market

The Bitcoin market's Fear and Greed sentiment indicator has recently reached its highest level of greed since November 2021, indicating a potential cause for caution when purchasing BTC. Typically, analysts suggest buying Bitcoin when the index is below 25, but with the current index at 68, it ma ...

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 ...