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. 10 report by Stack Funds. Coin Metrics data supports the assertion, and the 7-day average Bitcoin (BTC) hash rate has remained above 120 Terahashes (TH/s) since mid-August despite mines at risk of floods and power outages in China. Glassnode data also shows the hashrate hit an all-time high on Sept. 8, breaking the 150 TH/s barrier for the first time in Bitcoin’s history. “Hash rates remained strong and could continue upward after the rainy season,” …

Bitcoin’s price decreased by $2,000 in the past few days, yet the network’s hashrate has set a new all-time high, breaking the 150 TH/s plateau for the first time in its history. Bitcoin hashrate. Source: Glassnode. Hashrate is a key indicator when determining the health of the Bitcoin (BTC) network. It represents the amount of global hashpower dedicated to mining the coin, and can also be interpreted as the amount of energy that protects the network from potential 51% attacks. Miners are some of the most important players in the Bitcoin ecosystem, and their continued allocation of resources despite the …

More and more people are buying Bitcoin (BTC) since the 2020 coronavirus crash — and it doesn’t matter how rich they are, data shows. Part of a series of bullish charts circulating this week, statistician Willy Woo highlighted the growth in both high and low-value wallets. Woo: BTC whales putting money where their mouth is According to the data, compiled by on-chain monitoring resource Glassnode, Bitcoin whale entities — wallets controlled by a single high-worth individual — keep growing in terms of how much BTC they control. Whale numbers themselves have already hit all-time highs. “Many look at the BTC …

Responding to numerous 51% attacks on the Ethereum Classic blockchain, ETC Labs said that it's time to bring regulation to hashpower rental marketplaces, citing the fact that at least two of the attacks were perpetrated by renting hash power through NiceHash — a claim that has been confirmed by both NiceHash and ETC Labs. ETC Labs CEO Terry Culver also shared with Cointelegraph that according to the information that was provided by CipherTrace, which was hired to investigate the attacks, the attackers used proceeds from the first attack to rent hashpower for the second attack. The latter cost crypto exchange …

After suffering two major blockchain reorganizations over the past week, Ethereum Classic (ETC) has seen its hash rate plummet — exacerbating the risk of further 51% attacks targeting the network. As a consequence of the ETC’s miner capitulation, the estimated cost of executing a 51% attack targeting Ethereum Classic using hash power rented from NiceHash has fallen from $12,000 per hour as of yesterday to less than $4,000, according to Crypto51. Despite this, the price has been unaffected by the apparent fragility of the network, with the crypto asset actually gaining more than 2% over the dollar since news of …

Publicly-listed Bitcoin (BTC) mining firm Riot Blockchain expects to increase its hash rate by 45% after receiving 1,000 Bitmain S19 Pro Antminers. The batch of miners comprises the first of three tranches it ordered of Bitmain’s latest generation of miners, with the firm having recently purchased a total 2,000 S19 Pro and 1,040 S19 miners. The 1,000 S19 Pro units are expected to be operational in the next two days at a facility owned by fellow mining firm Coinmint in Massena New York. Riot currently operates 4,000 S17 Pro Antminers. Riot targets 0.46% of total hash power Riot’s new Antminers …

Since early May, the price of Bitcoin has been at a standstill in a tight range between $8,500 and $10,000. For most of the past month, BTC has remained between $9,000 and $9,500 as realized volatility hit a three-year low. According to Skew, the volatility of Bitcoin has dropped to levels unseen since 2017. Researchers at Skew wrote: “#bitcoin realized volatility on a three years low, Tesla is eating Bitcoin’s lunch!” The realized volatility of Bitcoin hits a three-year-low. Source: Skew.com The multiyear low level of volatility amid strong rallies of altcoins prompted expectations of a large price movement. In …

Following last week’s record-high Bitcoin hash rate, the latest difficulty adjustment saw a change of +9.89%, bringing the level to a new all-time high of over 17.3 trillion on July 13. Despite a lack of recent significant Bitcoin (BTC) price action, the fundamentals securing the network are as healthy as they’ve ever been. This is more positive news for investors concerned about a previous drop in hash rate and difficulty after May’s third reward halving event. Concerns over halving unsubstantiated Some analysts predicted that the reward halving earlier this year would lead to mass capitulation from unprofitable miners. There was …

Recent findings from analytics company Digital Assets Data show miners hanging on to their Bitcoin (BTC). "Rolling MRI (Miner's Rolling Inventory) has declined significantly since the halving, meaning that miners are holding onto more BTC than they are mining, despite the (presumed) increased costs of the added hash power to the network," Digital Assets Data CEO and co-founder Mike Alfred told Cointelegraph on June 18. Image courtesy of Digital Assets Data Bitcoin difficulty pushing network highs The network mining difficulty of crypto's largest asset recently surged to unusual heights. This essentially means Bitcoin miners are spending an increasing amount of …

The Bitcoin blockchain network experienced its biggest mining difficulty adjustment in over two years on June 17. Surprisingly, the hash rate of Bitcoin has not dropped off by a large margin. The response of miners toward the difficulty adjustment is considered to be optimistic so far, as the hash rate is already starting to recover. Data from Blockchain.com shows that since June 11, the hash rate of the Bitcoin network increased from 101 million terahashes per second to 105 million TH/s. Miners continue to mine Bitcoin (BTC) despite a 14.95% increase in difficulty. Theoretically, the difficulty adjustment should lead to …

Bitcoin (BTC) is looking like it did at its 2018 bear market bottom — and one fundamental is about to repeat a move which has only happened twice in its history. An analysis of the Bitcoin network difficulty following its latest adjustment on June 4 reveals a key similarity to when BTC/USD traded at lows of $3,100. BTC difficulty on course for historic third This week, difficulty adjusted down by 9.3%. That followed a downward shift two weeks previously of -6%. If the next adjustment is also negative — it is currently forecast at -7% — it will be only …

Yassine Elmandjra, a crypto asset analyst at ARK Invest, said in a May 24 tweet that the Bitcoin Cash (BCH) hashrate fell by 30% since its halving event, and only accounts for about 2% of the SHA-256 hashrate. Elmandjra now thinks it’s only a question of time before somebody takes advantage of the network: “Surprised we haven't seen a large scale attack yet.” According to data from BitInfoCharts, the Bitcoin Cash average daily hashrate fell by nearly 25.6% since its April 8 halving. Still, Elmandjra presumably did his calculations based on May 23 data, where the hashrate was down by …