Proof-of-Work and Yield Farming: Binance and Poolin Launch Tokens Backed by Bitcoin Hashrate

There’s a new type of token gaining popularity in the crypto space with the launch of coins that are backed by a specific amount of proof-of-work (PoW) hashrate.

Despite Bitcoin’s Price Highs, Onchain Data Shows BTC Miners Are Not Spending More Than Usual

The cryptocurrency economy has been higher in value than ever before as bitcoin has touched an all-time price high at $24,298 per unit.

Hash Watch: Bitcoin Cash Services Reveal Contingency Plans for Upcoming Fork

The Bitcoin Cash blockchain is set to upgrade on Sunday, November 15 and it’s still expected that the network will bifurcate.

Bitcoin Network’s Mining Difficulty Sees Largest Epoch Drop Since 2011

Bitcoin’s mining difficulty saw the second-largest drop in history on Tuesday, as the difficulty dropped to 16.78 trillion, losing a touch over 16% since last week’s all-time difficulty high.

Bitcoin Mining Rigs Struggle for Profits, Despite BTC’s Hashrate Reaching an All-Time High

Bitcoin’s hashrate climbed to an all-time high (ATH) this week touching 166 exahash per second (EH/s) on October 14.

Market Outlook: Bitcoin Breaks $11K, Whales Refuse to Sell, Downside Risk Remains

The price of bitcoin jumped above the $11k threshold on Saturday morning and into the afternoon, after hovering above the $10,900 range the day prior.

Court Denies Bitmain $30M in Damages From Co-Founders of Rival Poolin

A court in China has denied an appeal by bitcoin mining giant Bitmain seeking $30 million in damages from the three co-founders of mining pool rival Poolin.

Compliance and Popularization: 2020 Crypto Mining Thriving

Last week, from August 22-23, the HashCon 2020 & New Infrastructure Mining Summit was held jointly by inbtc, the Bitcoin mining machine maintenance service provider founded by leading mining pool Poolin co-founder Zhu Fa; 8BTC, China’s oldest and most influential crypto and blockchain media; and ChainNode, China’s largest and foremost Bitcoin forum, as well as […] The post Compliance and Popularization: 2020 Crypto Mining Thriving appeared first on The Daily Hodl.

Excessive Flooding in Sichuan Causes 20% Hashrate Losses for Chinese Bitcoin Miners

Torrential downpours of nonstop rain have been wreaking havoc in China’s Sichuan province, which has caused some operations to shut down ASIC mining devices.

Friday Pullback? Biggest Bitcoin Mining Pool Sends 800 BTC to Binance

CryptoQuant warns that a sell-off from Poolin may accentuate downward Bitcoin price pressure in the short term. Bitcoin (BTC) may have recovered to $11,700 but miners could soon spark a price plunge, data warns. In an update on Aug.

Bitcoin Price Dump: Miners Start Selling 9,000 BTC, Possibly Opening Bear Cycle

Bitcoin miners on Tuesday transfered nearly 3,000 bitcoin, worth around $28 million, directly into exchange wallets.