Bitcoin Hashrate Hits New Peak as Miners Feel The Pressure
Bitcoin network “horsepower” continues to climb, which is good news for its security but bad news for miners who are now facing more competition than ever. Bitcoin’s hashrate hit a…
Auto Added by WPeMatico
Growing Complexity in Bitcoin Mining Landscape Amidst Centralization Risks: Coin Metrics
While the Bitcoin market remained relatively stable in the latter part of Q3 as discussions about spot ETFs subsided, the hash rate exhibited consistent growth throughout the quarter. It recently…
Bitcoin Miner Revenue Shed 50% in 3 Months: Data
While Bitcoin network fundamentals such as hash rate and difficulty have reached peaks, the same cannot be said for its hash price. The world’s largest crypto’s price has failed to…
Bitcoin Mining Difficulty Soars to New ATH as BTC Price Struggles
Bitcoin plunged below the $26,000 level on Wednesday extending monthly losses to nearly 15% but it has never been more difficult to mine the leading crypto-asset. Despite a severe drawdown…
Bitcoin Records 661% Increase in Hash Rate in 2 Years: Data
The choppy market has caused severe headwinds for Bitcoin miners as the hash rate reaches new record highs. The rise comes ahead of the much anticipated halving event slated for…
Bitcoin Mining Difficulty Exceeds 50T for the First Time
Bitcoin’s price is still stuck in a narrow range, but it has never been more difficult to mine the world’s largest crypto-asset than it is now. Its network fundamentals paint…
Bitcoin Volatility Falls to Record Low as Hash Rate Tanks
On-chain analysis indicates that Bitcoin market volatility is at its lowest ever period. Crypto analysts have been monitoring historical BTC volatility levels, and they have bottomed out. The last time…
Bitcoin Hash Ribbon Metric Fails for the First Time Following FTX Crash
The Bitcoin Hash Ribbon metric had a good run when it came down to signal a buying opportunity. However, the recent downturn of the market, induced by the FTX crash,…
Hash Ribbon Reversal Confirms Bitcoin Miner Capitulation Phase
Hash ribbons have just formed a death cross which has been a leading indicator for Bitcoin miner capitulation in previous cycles. Hash Ribbon indicators use simple daily moving averages to…
Bitcoin Hash Price at All-Time Lows Amidst Dismal Miner Profitability
While BTC has come down from a massive bear market dump to $19,000, its network hash rate has exploded to an all-time high. Bitcoin miners are currently earning the smallest…