Archive | hashrate

Bitpay Will Not Suspend Services — ‘Very Little Risk of Network Disruption on August 1st’

On July 27 the world’s largest bitcoin payment processor, Bitpay, announced its plans for August 1st. According to the company, there is a lot of “misinformation” concerning updating Bitcoin’s consensus rules and the firm does not plan to suspend services that day.   Also read: Fork Watch: These Bitcoin Exchanges Will Not Support ‘Bitcoin Cash’ Bitpay Thinks […]

Mining Bitcoin Using Old Computers and Retro Gaming Consoles

Bitcoin mining has grown into a vast economy over the past few years as large ASIC-powered mining farms process transactions for the $32 billion dollar market. In the early days, people could mine bitcoins using their central processing units (CPU) and they still can, but the undertaking is extremely inefficient. However, a few people still […]

The Bitcoin Network’s Hashrate Now Exceeds Six Exahash

Last May Bitcoin.com reported on how the Bitcoin network’s hashrate surpassed four exahash per second. Just two months later on July 1st, the hashrate has increased another two exahash which transcended to a high of 6,622,799,000 GH/s according to Blockchain.info and Bitcoin Wisdom statistics. Also Read: Investment Funds That Offer Cryptocurrency Exposure See Big Gains The […]

70 Percent of the Bitcoin Hashrate Begins Signaling Segwit2x

On June 16 the alpha code for the scaling solution Segwit2x was released to the public following a large number of mining pools having vocally supported the plan. Since then a large majority of miners who back the Segwit2x roadmap have started signaling with their hashrate. Also Read: Australian Opposition Leader Believes Bitcoin is Fueling […]

Bitcoin Network Hashrate Grows to Over 5 Exohash, Adds Entire December 2015’s Mining Power in Under Two Weeks

Looking at the Bitcoin hashrate chart, the growth is quite remarkable. At the time of writing, the network sits at over 5 exohash. That is a gigantic amount of computing resources pointed toward mining Bitcoin. What is even more  remarkable is the growth over the past two weeks. The total hashrate increased by as much […]

Bitcoin’s Meteoric Price Rise to the Moon Reaches $2000

On May 20, 2017, the price of bitcoin reached the US$2000 line at the bitcoin exchange Bitstamp. The decentralized currency’s meteoric rise in value has captured a phenomenal $32 billion dollar market capitalization after eight tremendous years of growth. Also read: Petition Asks SEC to Clarify Rules on Bitcoin and Digital Token Assets Bitcoin Has Broken […]

Bitcoin Network Hashrate Surpasses Four Exahash Per Second

The Bitcoin ecosystem is thriving as the decentralized network continues to break new records in 2017. This month the Bitcoin network’s hashrate surpassed over four exahash per second adding one more milestone to the record books. Also Read: Bitcoin Startups Believe Africa Is Fertile Ground for Crypto-Solutions Bitcoin’s Hashrate Crosses Four Exahash The bitcoin mining […]

Chandler Guo’s Mining Pool Makes the Jump to Bitcoin Unlimited

During the first week of February bitcoin miner and angel investor Chandler Guo revealed he would begin supporting Bitcoin Unlimited (BU) in the near future. Now on March 21, Guo has announced he will be making the jump towards voting for BU with his mining pool’s hashpower. Also Read: This Happens to Your Coins During a […]