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 […]
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 […]
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 […]
Privacy-centered altcoin Zcoin has announced the first working implementation of Merkle Tree Proof (MTP) as a proof-of-work (PoW) algorithm.
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 […]
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 […]
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 […]
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 […]
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 […]
MGT announces Bitcoin mining strategy successful and mined 90 Bitcoins to date. ]]>
On October 6, Bitcoin.com mining pool officially mined its 10th block, having secured nearly 1% of global hashrate. ]]>
Hashflare wants to start Dash cloud mining and calls for a pre-order of the limited amount hashrate before it is finished. ]]>
An interesting change is taking place in the Bitcoin mining ecosystem right now. Ever since the halving occurred, there has been a question as to whether or not the number of miners would start to diminish. While it is still early to tell, there has been a drop in hashrate all of a sudden. For […]
On July 26, the bitcoin block reward will decline from 25 btc per block to 12.5, limiting the number of bitcoin in circulation. While many believe this could increase the price of bitcoin, it actually could potentially go the exact opposite direction. The blocksize debate has been the most highly anticipated discussion in the bitcoin […]
The index was created by the investment firm to forecast “what may happen to bitcoin in the medium term”.