Hashrate | ForkLog

ForkLog 12 13.06.2024

Analyst: Bitcoin Halving Triggers Miner Capitulation

On-chain analyst Ali Martinez is convinced that the reduction in Bitcoin mining profitability following the April halving has triggered a “wave of capitulations” among miners.

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ForkLog 11 23.05.2024

Bitcoin Mining Difficulty Rises by Nearly 1.5%

The latest recalibration has increased the difficulty of mining the leading cryptocurrency by 1.48%, reaching 84.38 T. Data: BTC.com. The average hash rate since the previous adjustment was 705 EH/s. The interval between blocks has shortened to approximately 8.5 minutes instead of the algorithm’s intended 10 minutes. Despite the increase, the difficulty has not yet […]

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ForkLog 7 09.05.2024

Bitcoin Mining Difficulty Drops Nearly 6%

The latest recalibration has seen the difficulty of mining the leading cryptocurrency fall by 5.63% to 83.15 T. This decline marks the most significant drop since December 2022. Source: BTC.com. At that time, Bitcoin was in a bearish market phase, largely driven by a series of bankruptcies, including the collapses of Terra and FTX. Since […]

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ForkLog 13 26.04.2024

Marathon to Double Bitcoin Hashrate to 50 EH/s

Mining firm Marathon Digital Holdings has raised its target hashrate for the leading cryptocurrency network to 50 EH/s by the end of 2024. Today, we announced that we are increasing our hash rate target for fiscal year 2024 from 35-37 EH/s to 50 EH/s. Read the full press release: https://t.co/w5QHQIVsu7 — MARA (@MarathonDH) April 25, […]

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ForkLog 13 25.04.2024

Bitcoin Mining Difficulty Reaches New High Post-Halving

Following the latest adjustment, the difficulty of mining the leading cryptocurrency increased by 1.99%, reaching a record level of 88.1 T. Source: BTC.com. The average hash rate since the previous change was 726.3 EH/s. According to Glassnode, the smoothed 7-day moving average reached a peak of 649.6 EH/s on the eve of the halving on […]

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ForkLog 15 17.04.2024

Bernstein Sets Bitcoin Target Post-Halving

By the end of the year, Bitcoin is expected to rise to $80,000-$90,000, reaching $150,000 at its peak in 2025. The demand for ETFs from institutional investors will drive the new all-time high. The halving will lead to a 7% reduction in hash rate. Following the upcoming halving, Bitcoin is anticipated to resume its rally […]

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ForkLog 1 11.04.2024

Bitcoin Mining Difficulty Reaches New Peak Ahead of Halving

The latest recalibration has seen the difficulty of mining the leading cryptocurrency rise by 3.92%, setting a new high at 86.39 T. Source: BTC.com. The average hash rate since the previous adjustment was 705.39 EH/s. The interval between blocks has shortened to less than nine minutes, compared to the protocol’s intended 10 minutes. According to […]

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ForkLog 6 16.02.2024

Galaxy Digital Assesses Hashrate Impact Post-Halving

Approximately 15-20% of Bitcoin’s total computational power will become unprofitable following the halving in April, according to estimates by Galaxy Digital. The research suggests that with the reward reduction, miners will shut down some installations, keeping only the most efficient equipment operational. Analysts estimate that over 70% of Bitcoin’s hashrate is generated by eight models […]

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ForkLog 11 18.01.2024

Bitcoin Hashrate Plummets by 33% Amid Miner Shutdowns in Texas

The total computational power of the Bitcoin network fell by 33% over several days due to cold weather in Texas, which led to local miners being disconnected from the power grid. Source: BitinfoCharts. According to BitinfoCharts, the figure dropped from 606 EH/s (as of January 13) to 401 EH/s. Data from Glassnode shows similar declines: […]

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ForkLog 8 27.12.2023

Bit Digital plans to double its Bitcoin hash rate

Nasdaq-listed mining company Bit Digital announced its plan to raise the Bitcoin network's hash rate to around 6 EH/s in 2024.

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ForkLog 10 27.12.2023

Bitcoin hash rate hits an all-time high

On December 25, Bitcoin's network hash rate registered a record high of 544.6 EH/s, according to Blockchain.com.

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ForkLog 8 21.09.2023

Lumerin to launch Arbitrum-based Bitcoin hash-power marketplace

The Lumerin project is preparing to launch a decentralized hash-power marketplace for Bitcoin mining on the Arbitrum One network.

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