Mempool Clog: Bitcoin Hashrate Drops 40%, Backlog Shows Over 100K Unconfirmed Transactions

The Bitcoin network hashrate has dropped significantly over the last four days sliding from a high of 161 exahash per second (EH/s) to 90 EH/s on October 27.

Bitcoin Hashrate Nosedives as Chinese Miners Move On

The last 24-hours has seen the price of Bitcoin up 4% to $13.6k.

Bitcoin Hashrate Hits New All-Time High as Price Pushes for $11,000

A key on-chain metric for the Bitcoin network has reached a new all-time high indicating that things have never been healthier from a technical standpoint. The post Bitcoin Hashrate Hits New All-Time High as Price Pushes for $11,000 appeared first on CryptoPotato.

Bitcoin Is Undervalued, Fair Value Price Should Be $15,000, Says Analyst

Bloomberg cryptocurrency analyst Mike McGlone says bitcoin is greatly undervalued, suggesting that its fair value price should currently be somewhere around $15,000.

Venezuela Passes Law Legalizing Crypto Mining, Forces Miners to Join National Mining Pool

Reports say Venezuela has now legalized bitcoin mining following the decree recently issued by the National Superintendency of Crypto Assets and Related Activities (Sunacrip).

Future of Mining with Unlimited-Hash

March 2020 became truly historic for bitcoin miners - bitcoin hashrate exceeded 136,24 EH/s.

Bitcoin Hashrate Ramps to 130 Exahash Amid Next-Generation Miner Shortage

Regional reports from China have highlighted that a number of major Chinese ASIC mining rig manufacturers have sold out of their next-generation model stock.

Bitcoin hashrate remains strong during monsoon season

Mining operations in China were not adversely affected by the heavy rains. The Bitcoin network hash rate has remained strong and been largely unaffected by the rainy season and power outages in China, according to a Sept.

Report: Russia Remains a ‘Key Market for Crypto,’ Commands the 3rd Largest Bitcoin Hashrate in the World

The fervor for cryptocurrency assets in Russia has grown wild over the last few years.

Bitcoin Hashrate Falls 25% in 3 Days, Miners Unplug as Floods Hit China

With heavy rainfalls and flooding hitting Southwest China’s Sichuan province, the global computing power dedicated to mining bitcoin (BTC) has now dropped by about a quarter, as some Sichuan-based miners have been forced to unplug from the network. The bitcoin computing power, usually referred to as the hashrate, dropped from a level of more than 140 million

Bitcoin hashrate drops 10-20% due to massive floods in China

As of Tuesday, bitcoin hashrate dropped by 25% due to massive landslides in Sichuan province.

Bitcoin’s Hashrate Hits Record High 130 EH/s, as BTC Price Faces Resistance at $12,000

Bitcoin’s seven-day average hashrate has reached a new all-time high of 130 exahash per second (EH/s) – a feat that might positively influence the asset’s price, while adding to the fundamental strength of the Bitcoin network.

Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus

Kazakhstan has proposed legislation that would see a 15% tax imposed on bitcoin mining firms.

Bitcoin hashrate may be recovering, but network needs more security

Bitcoin miners play an important role in securing the network, however, the current year has put quite a few hurdles for miners to stay afloat.

Bitcoin Hashrate Might Double In a Year, Pressing Miners' Margins

Source: Adobe/Татьяна Палладина Bitcoin (BTC) hashrate, or the computational power of the Bitcoin network, could rise 120% in a year, but the price of the coin needs to follow so that the profitability for miners wouldn't drop, according to a recent research.

Report Cuts China’s Bitcoin Mining Capacity to 50% of World Total, Raises US’ to 14%

A new report by crypto research company Bitooda claims that China accounts for only 50% of global Bitcoin mining capacity, and the US 14%.