The latest spike in BTC transaction fees comes amid a major decline in the Bitcoin network hash rate. Bitcoin (BTC) transaction fees measured in United States dollars are near 2017 levels amid a massive hash rate drop on the Bitcoin network. According to data from several Bitcoin monitoring resources, the average BTC transaction fee in…
Read more
The old adage “price follows hash rate” may be about to see one of its biggest tests in the past 12 years. Bitcoin (BTC) has seen a classic indicator of a coming bull run pass a historic milestone as miners commit more and more resources to its future. According to data from on-chain monitoring resource…
Read more
Drops in Bitcoin’s hash rate coincided with some big BTC price corrections in the past. Hash rate refers to the overall computing power involved in validating transactions on the Bitcoin (BTC) blockchain. As reported by Cointelegraph, more power suggests greater network security and interest in the profitability potential of mining Bitcoin. Hash rate a function…
Read more
Standard Hashrate is launching TAU, an algorithmic asset protocol backed by Bitcoin’s hash rate. A group of Bitcoin (BTC) mining companies have put their weight behind Standard Hashrate and its recently launched TAU Protocol, a synthetic asset platform using hash rate derivatives for its peg mechanism. Announced on Friday, the TAU project aims to create…
Read more
Miners are making bank amid the price rally as manufacturers struggle to produce chips. After a tumultuous 2020 that continued into Bitcoin (BTC) setting new all-time highs in 2021, Bitcoin miners are facing a bittersweet scenario — profits have skyrocketed, but multiple issues prevent them from buying more devices and boosting Bitcoin’s hash rate. According…
Read more
Foundry entered the cryptocurrency mining game in August 2020. Foundry, a wholly owned cryptocurrency mining subsidiary of Digital Currency Group, or DCG, has entered the top 10 largest Bitcoin (BTC) mining pools in the world. The firm’s CEO, Barry Silbert, announced the news on Tuesday, predicting that Foundry will soon break into the top five mining…
Read more
The Bitcoin network hash power is at an all-time high as the spot price looks to breach the $36,000 price mark for the first time. The Bitcoin (BTC) price is not the only metric seeing record numbers as the network hash rate has set a new all-time high. According to data from Blockchain.com, the estimated…
Read more
As the cryptocurrency industry continues to grow, so does mining. But there’s a new trend developing now that has only recently emerged. Bitcoin mining started out as a small endeavor taken on by a few individuals repurposing home computers to mint virtual coins that were, at the time, almost worthless. Fast forward to 2020, and…
Read more
Bitcoin mining revenue has topped $20 million per day, its highest level this year. Key on-chain metrics such as Bitcoin mining revenues have returned to pre-halving levels according to recent research. Data from analytics provider, Glassnode, suggests that revenue from Bitcoin mining is now back at the same levels it was as when block rewards…
Read more
As Bitcoin Cash goes through another fork, Bitcoin Cash Node seems to be the emergent winner for now. The Bitcoin Cash network just went through yet another fork after originally being created as a hard fork from the Bitcoin (BTC) blockchain in August 2017. The hard fork on Nov. 15 split the Bitcoin Cash network…
Read more
