Track Bitcoin mining news, hash rate, public miners, energy policy, hardware trends, and network economics.
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.
Bitcoin mining is coming under increasing fire for ecological reasons, however, data shows its environmental impact is less than that of the gold and banking sectors.
Rio de Janeiro secretary of finance and planning is looking to allocate a percentage of the city's treasury into Bitcoin while also providing crypto investors with tax breaks.
Based on a Q2 2022 BMC survey, the efficiency of miners has increased by 46% year-on-year and by 5,814% compared to 8 years ago.
The biggest drop in mining difficulty since China banned Bitcoin mining last year is expected to happen July 21, potentially suggesting an end to miners' capitulation.
Data from CryptoQuant shows that Bitcoin worth over $300 million was sold by miners within a 24 hour period on July 15.
Samsung announced it will begin the production of 3-nanometer chips that will be 45% more power efficient.
