Bitcoin mining

Bitcoin mining

Bitcoin Miners Slow Down as Hash Rate Drops 26% But Miner Revenue Spikes

Over the weekend, the Bitcoin network’s hash rate hit an all-time high as it has repeatedly been doing since the May halving when it dropped about 40%. During this time, the monthly miner revenue jumped from about $280 million (subsidy plus transaction fees) in June to $368 million in August. While the monthly miner revenue […]

The post Bitcoin Miners Slow Down as Hash Rate Drops 26% But Miner Revenue Spikes first appeared on BitcoinExchangeGuide.

Bitcoin mining

Bitcoin Miners Generating BTC at Fast Pace & ‘Running Down Inventory’ Just as Hard

Bitcoin started this week on a bullish note, reaching above $11,700 only to drop to nearly $11,200 level on Friday after crypto exchange OKEx announced that cryptocurrency withdrawals had been suspended. According to the local media, two of the executives, including its founder, Star Xu, arrested by the police, have been released on bail. Star […]

The post Bitcoin Miners Generating BTC at Fast Pace & ‘Running Down Inventory’ Just as Hard first appeared on BitcoinExchangeGuide.

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

Bitcoin Mining Rigs Struggle for Profits, Despite BTC's Hashrate Reaching an All-Time HighBitcoin’s hashrate climbed to an all-time high (ATH) this week touching 166 exahash per second (EH/s) on October 14. Meanwhile, despite the recent price rise and hashrate ATH on Wednesday, only a small group of next-generation mining rigs are profiting at current bitcoin exchange rates. The price of bitcoin (BTC) is hovering just above the […]

The post Bitcoin Mining Rigs Struggle for Profits, Despite BTC’s Hashrate Reaching an All-Time High appeared first on Bitcoin News.

Bitcoin mining

Bitcoin Miners Generating BTC at Level Last Seen Post Halving; Unphased by the Drawdown

The crypto market may be experiencing the losses, but bitcoin miners remain unphased by the beating the digital asset took the past week. Bitcoin miners are as bullish as ever and pushing the hash rate of the network to new highs. Breaking yet another record, miners are conducting more than 130 hashes per second, keeping […]

The post Bitcoin Miners Generating BTC at Level Last Seen Post Halving; Unphased by the Drawdown first appeared on BitcoinExchangeGuide.

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Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak

Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2.4 million during the second quarter of 2020, down from $5.6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid the Covid-19-induced global recession. For the three […]

The post Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak appeared first on Bitcoin News.

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