Category: Blockchain Mining

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Three reasons why China will “lose its grip” on Bitcoin mining as political tensions mount

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Weeks after the Bitcoin halving in mid-May, miners are seemingly moving out of China and into Europe — with one prominent mining pool stating geopolitical tensions between the United States and China are a major catalyst.
The post Three reasons why China will “lose its grip” on Bitcoin mining as political tensions mount appeared first on CryptoSlate. …

The Reason for Today’s Bitcoin Price Drop? Huge BTC Flow From Miners to Exchanges

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Bitcoin suffered a 3% price drop on Wednesday, coinciding with the largest flow of BTC from miners to exchanges in over a year. BTC Flows From Miners to Exchanges That’s according to data from blockchain analysts at Glassnode, which showed a huge transfer of 2,650 BTC going from Bitcoin miners to the Bitfinex exchange on […]
The post The Reason for Today’s Bitcoin Price Drop? Huge BTC Flow From Miners to Exchanges appeared first on CryptoPotato. …

“Miners don’t care,” says Ethereum dev as proposal to increase ETH scalability floats

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A tweet by Bitfly, the parent firm of Ethereum mining pool Ethermine, stirred up debate over the weekend after the firm revealed miners are voting to increase GAS limit from 10,000,000 to 12,500,000 each block.
The post “Miners don’t care,” says Ethereum dev as proposal to increase ETH scalability floats appeared first on CryptoSlate. …

These Factors May Push Bitcoin Halving Forward by Weeks

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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 […]