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The Miner Capitulation Number: A Look at When Bitcoin’s Price Crashed Below the Cost of Production

Over the last 30 days, Bitcoin’s hashrate has been coasting along at the highest levels ever recorded during the network’s lifetime. Bitcoin’s price improved recently but it is still down…

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US Senator Ted Cruz Bought the Bitcoin Dip, Discloses BTC Purchase Worth up to $50K

U.S. Senator Ted Cruz has declared his bitcoin purchase worth up to $50,000. “I’m also particularly proud that my home state, Texas, is becoming an oasis for the blockchain community,…

Continue ReadingUS Senator Ted Cruz Bought the Bitcoin Dip, Discloses BTC Purchase Worth up to $50K

A Mining Rig That Boasts 440 TH/s? Miners Question the Legitimacy of New Bitcoin Mining Device

The cryptocurrency community has been discussing a newly announced bitcoin miner called the Numiner NM440 that claims to produce speeds of up to 440 terahash per second (TH/s). Furthermore, a…

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Bitcoin Mining Report Shows Network’s Emissions Account for 0.08% of the World’s CO2

During the last year, Bitcoin — the cryptocurrency network that leverages proof-of-work (PoW) to process transactions and secure the protocol — has received a lot of criticism about its environmental…

Continue ReadingBitcoin Mining Report Shows Network’s Emissions Account for 0.08% of the World’s CO2