A fierce winter storm that swept much of the US over the weekend forced large parts of the Bitcoin mining fleet to cut power, leaving the network much weaker for a short time. Reports say power outages and extreme weather pushed some operators to pause or slow their rigs so local grids could breathe. The…
View More US Storm Smashes Bitcoin Mining Power, Sending Hash Rates Tumbling
According to CoinWarz, the next difficulty adjustment is expected at block 927,360, moving the target from 149 trillion to close to 150 trillion. That is a modest rise, but it matters because Bitcoin miners are already working with very thin margins. Hashpower is strong enough to push difficulty up even while returns stay near record…
View More Bitcoin Miners Face A Harsh December: Rising BTC Difficulty, Falling Hashprice
According to macro analyst Jordi Visser, dormant bitcoin is moving again and new buyers are stepping in. Visser spoke on Anthony Pompliano’s podcast and wrote about the trend on Substack, saying old holders are slowly selling while fresh investors pick up coins on dips. He compared what’s happening to an IPO (initial public offering), where…
View More Bitcoin Acting Like An ICO—What This Could Mean
Bitcoin is alive and kicking, spewing out impressive hashrate numbers like never before. Bitcoin’s network processing power has reached an unprecedented 1 Zetahash per second (ZH/s), marking a major milestone in the cryptocurrency’s 16-year history. Multiple blockchain tracking services confirmed the achievement between April 4-5, 2023, though they disagree on the exact timing of when…
View More Bitcoin Goes Beast Mode—Mining Power Tops 1 Zetahash In First-Ever Surge