Category: recalibration

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Canaan Cuts Bitcoin Mining Power by 2 EH/s Amid US, Kazakhstan Challenges

August 20, 2023

Canaan, a leading high-performance computing firm and mining rig producer, recently disclosed hurdles set to dent its bitcoin mining activities and revenue from Q3 2023 onward. These setbacks primarily stem from diminished operational hours of their mining devices. This revelation comes hot on the heels of Canaan’s teaser about their “groundbreaking” mining innovation slated for…
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Bitcoin Network’s High Difficulty Levels Poised to Ease Amid Longer Block Intervals 

July 24, 2023

Upon achieving an unprecedented all-time high on July 11, 2023, soaring to a staggering 53.91 trillion, Bitcoin’s difficulty is poised to decline by an estimated range of 3.9% to 4.04% come July 26, 2023. Block generation periods have been lagging behind their typical ten-minute average of late, registering at an elongated 12 minutes per block…
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