Track Bitcoin mining news, hash rate, public miners, energy policy, hardware trends, and network economics.
Numbers show that the sell-off trend emerged amongst miners is slowing down, as mining difficulty increases again since the beginning of August.
Bitcoin mining is a dynamically-changing industry that's growing in scale and operational knowledge. Here are three of the biggest trends we are seeing today.
Riot Blockchain showed the potential Bitcoin miners have when it comes to stabilizing power grids during periods of high demand.
Carbon free mining company Sphere 3D's Bitcoin production remained flat in July as their new installations were delayed by U.S. customs, and the current winter market still goes hard on crypto miners.
The mining firm also increased its Bitcoin production by 111% month-over-month in July, while its mining power remained constant.
Hash ribbons, miner balances, mining difficulty, and the Puell Multiple all show that Bitcoin reached its bottom and could be recovering.
At its core, the paper highlights an issue where miners can change the timestamp related to a mined block to avoid increased difficulty on the network.
Vitalik Buterin believes a proof-of-work hard fork of Ethereum is being pushed by "people who own exchanges trying to make a quick buck."
Riot Blockchain mined around 28% less Bitcoins in July 2022 compared to July 2021 but gained an estimated $9.5 million in power credits.
