Archive | hashrate

Bitcoin Cash Network’s Block Intervals Settle With New DAA

On November 13, reported on the successful completion of the Difficulty Adjustment Algorithm hard fork applied to the Bitcoin Cash (BCH) network. It’s been well over 24-hours since the fork, and now the protocol’s current DAA has seemed to find its 144 block average in order to maintain consistent block time intervals.  Also read: […]

Bitpico Claims Segwit2X is Still Alive Despite All Evidence to the Contrary

Reports of 2X’s death have been greatly exaggerated. That’s according to a statement issued by little-known mining group Bitpico. In a defiant message that appeared on a mailing list, Bitpico claimed to control 30% of the network hashrate and to be pressing ahead with the B2X fork regardless. Also read: Closing the Curtains On Segwit2x […]

Coinbase Plans to Call the Fork With the Most Accumulated Difficulty “Bitcoin”

On October 23, reported on the exchange Coinbase revealing its plans to name the pending fork tokens, if the Bitcoin blockchain happens to fork again this November. After the company’s first announcement, the following day the Coinbase director of communications, David Farmer, wrote a clarification concerning how the firm will choose each chain’s name. […]

Bitcoin Cash Becomes the Longest Chain As Miners Toggle Between Profits

The Bitcoin Cash (BCH) network is almost a month old and seemingly growing stronger as the days continue. As of August 22, the BCH chain is longer than BTC’s blockchain by 959 blocks, while also capturing the most hashrate that day for a short period of time. Also read: SEC Suspends Trading of Bitcoin Firm’s Shares […]

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 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 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 […]