The three-pronged “perfect storm” behind the 1,000% eruption in Bitcoin transaction fees

It’s been an expensive past three weeks for Bitcoin users.
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Canaan mining firm records $9.4M in Q1, 44% net revenue increase

Canaan mining firm, the second-largest Bitcoin mining firm in its recently released financial report has revealed that the firm made total revenue worth $9.4M in Q1 2020. This translates to a 44% growth compared to its last year’s earnings. Canaan mining firm also revealed, on the other hand, that it incurred $9.3 million and $5.9 […] …

HyperBlock shutdown: Canadian Bitcoin miner closes shop amid slashed mining reward

The Canadian Bitcoin miners have shortened in number, following the report of HyperBlock shutdown. The company is reportedly one of the biggest Bitcoin mining operators, however, it has been forced to close down shop amid the slashed reward for mining Bitcoin and electricity supply. Bitcoin Halving caused HyperBlock shutdown  According to a report by Missoulian, […] …

Bitcoin hashrate: Two mining pools control more than 50% of Bitcoin hash rate

New statistics about the source of the Bitcoin hashrate revealed that more than half of the asset’s hashrate is controlled by two mining pools. Recent data suggests that the Bitcoin network has been becoming increasingly centralized between two major mining pools. The mining pools have come to dominate the network’s hash rate after its block […] …

Bitcoin’s hash rate climbed 8,100% since the last halving; will history repeat?

Bitcoin’s intense strength seen throughout the past several days and weeks showed some signs of degrading today. This comes after BTC shed over $20 billion off of its market capitalization during its sharp $2,000 decline seen yesterday evening. The benchmark cryptocurrency is now flashing some signs of immense short-term bearishness, as indicated by a few […]
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