Bitcoin hash rate has experienced a massive decline to close to 38% as miners prepare for a drastic change in weather in the US. As part of preparations, miners have begun to shut down their mining ri...
Tag: Hash
Bitcoin Volatility Falls to Record Low as Hash Rate Tanks
On-chain analysis indicates that Bitcoin market volatility is at its lowest ever period. Crypto analysts have been monitoring historical BTC volatility levels, and they have bottomed out. The last tim...
BTC block time reaches yearly high as mining hash rate plunges amid arctic blast
The arctic blast in the US has already claimed at least 22 lives and temperatures could dip dangerously below freezing levels. Amid the extreme weather conditions, several Bitcoin (BTC) miners have vo...
Bitcoin mining hash rate plummets amid US winter storm
Today, the bitcoin mining hash rate has significantly dropped from 230 EH/s to 156 EH/s. The current winter storm has presented a distinct set of difficulties for US bitcoin miners. Winter storm distr...
Bitcoin miners increased hash rate and production despite falling BTC prices in 2022
The price of Bitcoin (BTC) fell by 64.68% to $16,870 from around $47,766 at the beginning of the year, CryptoSlate data shows. At the same time, share prices of Bitcoin mining companies fell by 91% on...
CleanSpark slashes 2023 hash rate guidance: BTC minors’ troubles continue.
CleanSpark (CLSK) reduced hash rates from 22.4 EH/s to 16 EH/s. Their partner Lancium was to provide 200 MW power capacity in West Texas. CLSK shares hopped 2% on Wednesday after falling 76% in 2022...
Bitcoin hash rate surges as Ethereum miners shift to mine BTC post-Merge
Amid the ongoing uncertainty in the cryptocurrency industry, an interesting trend emerged after Ethereum (ETH) ended its Proof-of-Work (PoW) mining algorithm and moved to the Proof-of-Stake (PoS) vali...
TeraWulf Significantly Increases Expected Q1 2023 Self-Mining Hash Rate at No Additional Cost and Announces Repayment of Certain Debt
Bitmain Purchase Agreement Meaningfully Increases Self-Mining Capabilities by 8,200 miners (+23%) to 44,450 Owned Miners with an Expected Hash Rate Capacity of 5.0 EH/s Fully Utilizes Expected 160 MW...
For First Time Ever, Bitcoin Hash Ribbon Golden Cross Has Failed
On-chain data shows the Bitcoin Hash Ribbon golden cross has failed to provide an uplift to the price for the first time ever. Bitcoin Hash Ribbons Have Recently Formed A Death Cross As pointed out by...
Bitcoin Hash Ribbon Metric Fails for the First Time Following FTX Crash
The Bitcoin Hash Ribbon metric had a good run when it came down to signal a buying opportunity. However, the recent downturn of the market, induced by the FTX crash, has changed the tides. As explaine...
LTC price movement after hash rate reaches new all-time high
Litecoin (LTC/USD) reached a new record when it came to hash rate, climbing to as high as 626.75 TH/s On-chain data also shows that Litecoin wallet addresses have been increasing and supporting the L...
Litecoin Continues To Surge As Hash Rate Records New ATH
Litecoin (LTC) was among the few bright spots for the crypto market which had to endure the negative effects of the collapse of the FTX exchange platform. In the midst of one of the worst implosions t...
Litecoin’s [LTC] hash rate touches all time high, but is a relief rally in sight
Litecoin’s hash rate marked an all-time high Breaking correlation with the rest of the market, LTC rallied amid market downturn At 613.81 TH/s, Litecoin’s [LTC] hash rate recently clinched a new all-t...
Hash Ribbon Reversal Signals Bitcoin Miner Capitulation Phase
Bitcoin and other cryptocurrencies are feeling the effects of the negative trends occurring in the market. The crypto winter predicted to wind up in early November by some experts is still in full swi...
Hash Ribbon Reversal Confirms Bitcoin Miner Capitulation Phase
Hash ribbons have just formed a death cross which has been a leading indicator for Bitcoin miner capitulation in previous cycles. Hash Ribbon indicators use simple daily moving averages to identify ch...
Bitcoin Hash Rate Slump Likely to Impact ASIC Prices
BTC prices are not the only thing in decline at the moment. Following recent record highs, the Bitcoin hash rate is also decreasing sharply. The Bitcoin hash rate has declined by around 14% since its ...
Bitcoin records biggest negative hash rate adjustment in a year
The Hash Ribbon, an indicator for determining miner capitulation based on when the market reaches a bottom, ended on Aug. 18 after 2 months of dwindling miner participation. The end of the period mark...
Bitcoin mining revenue lowest in two years, hash rate on the decline
The revenue earned by Bitcoin (BTC) miners fell to two-year lows owing to poor market performance and a heavier computational demand amid rising network difficulty. However, an ongoing downturn in the...
Bitcoin hash ribbon points at miner capitulation as holders increase
The biggest news in the cryptoverse for Nov. 23 includes Bitcoin hash ribbon metric’s indication of an upcoming miner capitulation, on-chain data revealing investors taking advantage of the low prices...
BTC hash ribbon upcoming convergence signals miner capitulation
Bitcoin (BTC) hash ribbon indicators are often used to identify and catch BTC bottoms as the convergence of the BTC hash ribbon signals further miner capitulation as mining costs increase, and BTC pr...
Bitcoin is Breaking Down While the Hash Rate Marks new ATH, Are the Bottoms In?
The bitcoin price is heading to form new bottoms, as after rebounding a couple of times, it dropped below $16,000 and formed new yearly lows at $15,476. The capitulation period, which is speculated to...
Bitcoin Miner Hash Price Drops to New All-Time Low
The global digital asset market is dealing with the after effects of the massive collapse of FTX. As per reports, more than $100 billion vanished from the market in just a matter of days. However, its...
Bitcoin Miner Hash Price Declines To New All-time Low
Data shows that the Bitcoin miner hash price has now declined to $58.3k per Exahash per day, a new all-time low for the metric. Bitcoin Miner Hash Price Has Continued To Trend Down Recently As per dat...
Rising Bitcoin Hash Rate Sets The Stage For Energy Companies
Bitcoin Mining hash rates are important security metrics as they signify the network’s overall resistance to malicious attacks. Hash rates also measure a blockchain network’s ability to process transa...
Record hash rates may see Big Oil become a major BTC mining player
Surging Bitcoin (BTC) network hash rates are causing problems for mining companies but might be rolling out the red carpet for energy giants. The Bitcoin hash rate, the amount of computing power given...
3 Bitcoin Mining Records Set in October — BTC Hash Price Taps Lifetime Low, While Hashrate and Difficulty Surged – Mining Bitcoin News
This month bitcoin’s hash price tapped an all-time low of $66,500 per exahash on Oct. 25, according to statistics from the onchain market intelligence firm Glassnode. Alongside this, the network’s min...
A deep-dive into Bitcoin hash rate, reasons behind increase, and whether it will rise again
This has been the year of mining difficulty and hash rate, as they kept increasing to record new all-time highs (ATH) despite the declining trend in Bitcoin (BTC) price, according to data analyzed by ...
Sub-$20K Bitcoin price puts BTC miner profits under pressure as hash rate soars
October witnessed a surge in Bitcoin’s hash rate, which is pushing the metric to a new high of 245 exahashes per second. These changes led to a sharp decrease in the hashprice, resulting in a drop in ...
Public Bitcoin miners’ hash rate is booming — But is it actually bearish for BTC price?
The share of the Bitcoin (BTC) network controlled by publicly held mining companies could grow to 40% by mid-2023, according to a new report by Hashrate Index. But this could bring more stress to an a...
Bitcoin Hash Price at All-Time Lows Amidst Dismal Miner Profitability
While BTC has come down from a massive bear market dump to $19,000, its network hash rate has exploded to an all-time high. Bitcoin miners are currently earning the smallest reward relative to hash po...
Are Bitcoin Miners Earning Minimum Reward as Hash Price Plunged to Historic Lows?
The revenue of Bitcoin (BTC) miners continues to dwindle, given that hash price has nosedived to historic lows of $66,500 per Exahash, according to Glassnode. The market insight provider explained: &#...
Low hash price, soaring energy costs spell tough Q3 for Bitcoin miners
Energy problems in North America and Europe and prevailing market conditions have spelled another bleak quarter for Bitcoin (BTC) mining operators on both continents. The latest Q3 mining report from ...