Bitcoin Hash Rate Triples 6 Months After the China Exodus
It has taken the bitcoin hash rate less than six months to recover from its China-induced crash. The metric, displaying the robustness of the world’s largest blockchain, has increased by…
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New York Is The Most Attractive State for Bitcoin Miners, But There’s a Catch
Recent research showed that nearly 20% of bitcoin’s hash rate within the United States is in New York, while Kentucky (18.7%), Georgia (17.3%), and Texas (14%) follow closely. New York…
3 Possible Reasons Behind Bitcoin’s Surge towards $56k
After weeks of struggling and rapidly losing value, bitcoin exploded in the past few days and neared $56k – its highest price line since mid-May. Yesterday alone, the cryptocurrency gained…
Bitcoin’s Annual Energy Use Has Already Passed 2020’s: Research
While worries about Bitcoin’s energy use abound, new analysis shows that the network has already consumed more power than it did during the entirety of last year. Bitcoin’s Rising Power…
The Bitcoin Network Continues to Strengthen as Hash Rate Doubles Since June
China’s crackdown on bitcoin mining operations undoubtedly caused several disruptions on the BTC network as miners were forced to shut down machines and move out of the region to continue…