Data metrics surrounding Bitcoin’s miner dynamics all point to a long-term bottom

Ever since Bitcoin’s capitulatory drop to lows of $3,800 seen in mid-March, investors and analysts alike have all been attentively watching for signs that these lows will ultimately mark a long-term bottom. The benchmark cryptocurrency’s strong rebound from these lows has certainly been a positive sign that bolsters the theory that BTC won’t dip below […]
The post Data metrics surrounding Bitcoin’s miner dynamics all point to a long-term bottom appeared first on CryptoSlate. …

Binance Set To Launch A Crypto Mining Pool

Binance, one of the world’s top crypto-asset exchanges, has announced that it will further expand its offerings in the crypto finance industry. They will do […]
The post Binance Set To Launch A Crypto Mining Pool appeared first on InsideBitcoins.com. …

Bitmain launches new Antminer S19 series, but there’s a catch 

Bitmain, the world’s largest mining hardware manufacturer, has announced the launch of a new series of ASIC miners, the Antminer S19. However, Bitmain has been heavily criticized as it set the delivery date for the sold-out series for May 11, a day after the scheduled Bitcoin halvening. Bitmain’s new miner series sells out in a […]
The post Bitmain launches new Antminer S19 series, but there’s a catch  appeared first on CryptoSlate. …

Bitcoin hashrate barely dropped price crash to $3,600: here’s why it’s a positive sign

The hashrate of the Bitcoin blockchain network barely flinched as the price of BTC plummeted to $3,600, by around 50 percent within a 24-hour span. It may indicate that big mining firms have not capitulated amidst the drop, going in line with theories put out by respected industry executives. What’s the theory? and is Bitcoin […]
The post Bitcoin hashrate barely dropped price crash to $3,600: here’s why it’s a positive sign appeared first on CryptoSlate. …

Despite Market Carnage, This Key Metric Shows Bitcoin Remains Bullish

Bitcoin hasn’t done too hot over the past day. The cryptocurrency, after trending higher and higher throughout all of last week, crashed as low as $8,150 on Sunday, plunging from the $9,200 price point established just 24 hours prior to the low. This strong crash, which comes as bulls were starting to re-enter the market, […]

Bitcoin Hashrate Hits New All-Time-High As Miners Remain Bullish

Bitcoin’s hash rate just hit another new all-time high of 136 EH/s, an indication that miners are not backing out despite the recent selling pressure which led to a slump in the price of BTC last week. Miners Are Bullish On Bitcoin Data on Blockchain.com suggests that Bitcoin’s hash rate has been increasing steadily since […]

These Factors May Push Bitcoin Halving Forward by Weeks

In the cryptocurrency industry at least, it’s pretty widely understood that the Bitcoin halving is due to take place in May 2020. However, that might not actually be the case. Surging hash rate and recent mining difficulty adjustments mean that miners will solve remaining blocks quicker than expected. Some analysts are now eyeing the end […]