$83,021.00
0.29%$1,814.24
0.36%$2.05
0.86%$592.01
-0.14%$0.999872
-0.01%$116.78
-1.13%$0.161933
-1.57%$0.649203
0.95%$0.23772
1.33%$1,813.22
0.51%$82,990.00
0.46%$3.58
-7.52%$9.44
0.38%$12.86
-0.94%$0.260885
0.33%$0.999817
-0.02%$2,176.50
1.12%$18.15
0.31%$2.25
-2.75%$0.00001219
0.31%$0.163102
0.35%$83.16
1.46%$6.42
2.24%$4.05
1.42%$300.81
2.30%$4.50
-0.49%$0.999229
-0.08%$0.998581
0.23%$1,815.13
0.31%$1,931.06
0.54%$27.62
-0.34%$214.53
-0.50%$0.576807
-12.49%$11.77
-2.04%$5.87
-0.41%$5.04
-1.61%$2.50
0.99%$1.046
-0.04%$0.00000673
-4.79%$83,014.00
0.31%$46.44
-2.03%$22.17
-0.67%$33.44
-2.69%$0.096099
-1.52%$0.813674
2.38%$0.748888
-3.63%$5.15
2.00%$16.19
-0.05%$0.994099
0.81%$151.17
0.18%$1.16
-0.13%$4.63
8.97%$1.00
0.00%$9.44
2.45%$0.021721
0.12%$215.90
1.19%$2.73
0.08%$82,941.00
0.44%$4.04
-0.18%$3.30
-0.52%$0.064789
2.06%$0.314731
-6.19%$2.84
-3.33%$0.189577
1.34%$0.181085
2.28%$0.484731
2.94%$0.310235
0.25%$0.852491
6.38%$82,636.00
0.39%$10.28
-4.02%$0.699871
-0.69%$0.435296
0.14%$0.390466
2.37%$1,308.99
1.31%$4.25
-2.98%$1,813.07
0.74%$1,886.16
0.30%$1.061
1.83%$0.06605
1.33%$68.09
2.28%$0.99897
-0.04%$0.390837
1.61%$121.84
-1.16%$0.751291
3.27%$2,053.15
0.57%$0.578491
-0.22%$15.03
2.42%$0.999199
0.10%$0.00001093
-1.58%$0.473293
-1.65%$0.997966
0.04%$8.38
-0.39%$0.999553
-0.04%$0.164989
-0.02%$0.01303773
0.49%$0.08287
-0.21%$0.782656
0.45%$3,126.96
-1.42%$0.999152
-0.05%$0.830841
1.73%$82,422.00
-0.09%$591.75
0.10%$1,926.70
0.46%$3,125.61
-1.87%$0.521152
5.59%$0.535643
-0.86%$0.650447
1.95%$82,903.00
0.27%$6.11
-7.95%$0.0148773
1.38%$0.261337
0.88%$39.50
0.50%$0.999835
-0.04%$0.00000063
-0.92%$1.98
-5.52%$0.105976
1.98%$30.67
-0.37%$0.163567
0.08%$0.369566
-0.23%$149.35
-1.13%$1,889.93
0.55%$0.998927
-0.23%$1.82
0.37%$0.00005476
-0.62%$0.999275
-0.01%$1.79
-3.79%$3.23
6.65%$2.80
0.09%$15.03
-1.06%$0.998426
-0.08%$0.01014271
0.86%$128.26
-1.60%$1.81
9.97%$0.06953
1.02%$6.15
-8.14%$0.615148
1.93%$0.130879
-2.06%$0.999797
0.02%$81,473.00
-0.07%$1.00
-0.04%$0.456546
-6.05%$27.48
1.09%$0.999844
0.02%$0.00490076
8.95%$0.241388
2.14%$0.405174
1.16%$2.72
0.15%$0.462297
4.14%$1,928.02
0.50%$0.00000043
0.21%$15.21
-1.48%$83,054.00
0.29%$84,392.00
1.58%$0.414168
-4.33%$46.68
4.90%$0.161798
-1.17%$0.665796
-1.35%$0.092509
17.95%$0.080808
0.14%$0.998704
-0.13%$1,814.39
0.29%$110.55
0.01%$0.137447
1.08%$1,815.01
0.20%$1.047
0.00%$1.12
-0.97%$1,814.84
0.35%$0.04107587
1.83%$0.00001936
0.34%$0.383728
1.85%$1.093
-0.31%$5.81
2.28%$0.00673448
12.33%$0.184474
6.36%$82,872.00
0.44%$1,893.82
0.72%$0.561219
2.16%$0.441142
1.02%$0.999113
0.01%$0.998673
-0.13%$0.00652914
1.86%$0.817944
-0.65%$0.127347
26.68%$4.73
3.51%$0.190479
1.14%$1,816.30
0.88%$0.350074
1.72%$1,817.31
0.35%$0.997422
0.04%$0.00005853
-0.59%$2.87
4.66%$0.00000152
-8.10%$0.03129875
-0.14%$0.378715
-6.35%$0.03036699
3.23%$116.77
0.46%$0.00477001
-0.25%$1.42
2.40%$0.00351121
0.38%$0.999292
-0.00%$0.00887417
-2.17%$0.999022
-0.20%$0.508314
-3.93%$1,790.48
-0.11%$82,498.00
1.08%$1.14
0.18%$0.23084
1.44%$1,815.65
0.43%$2.84
-1.59%$1.13
0.42%$82,875.00
0.37%$21.66
0.43%$0.600739
-1.09%$3,114.29
-1.32%$0.519624
1.97%$3.30
-1.79%$0.00283028
-8.22%$0.221363
-0.75%$1,916.77
0.30%$0.18622
1.40%$1,986.15
0.32%$14.99
0.44%$0.03067086
6.43%$0.116869
-1.71%$1,971.70
0.40%$0.235648
-2.32%$21.48
2.27%$0.003108
3.31%$1,668.95
0.48%$0.100624
1.99%$1,809.69
0.31%$0.93154
4.89%$0.061107
-0.54%$0.03263017
-0.88%$0.652071
-0.86%$0.01113093
1.87%$0.478698
-6.88%$0.517271
-0.84%$0.995537
-0.21%$0.00207626
-1.73%$0.999585
0.01%$82,499.00
0.46%$1.00
-0.01%$0.00445515
0.84%$0.999333
-0.00%$0.02647432
-2.08%$0.822805
-0.50%$0.256666
0.56%Reading
The computing power of the Bitcoin network has largely recovered after its second biggest drop in history. According to Coin Metrics, the network’s total computing power—known as the hash ratehash rate—is back up to normal 2020 levels following a dramatic plunge last month.
The Bitcoin hash rate represents the sum of the computing power of the miners on the Bitcoin network. A high hash rate shows that more miners are working harder to find new Bitcoin blocks, while at the same time keeping the network secure from attack.
“Bitcoin miners have shrugged off the second largest difficulty drop in its 11 year history, with hash rate comfortably returning to the range it has spent most of 2020 in and difficulty bouncing back 6%,” Coin Metrics tweeted.
#Bitcoin miners have shrugged off the second largest difficulty drop in its 11 year history, with hash rate comfortably returning to the range it has spent most of 2020 in and difficulty bouncing back 6% pic.twitter.com/2fRf3Tj9tA
— CoinMetrics.io (@coinmetrics) April 12, 2020
The Bitcoin hash rate dropped considerably between March 12 and 21. This coincided with a massive drop in price, as Bitcoin fell from $9,000 to as low as $4,500 in the span of two days.
Since the price of Bitcoin had halved, Bitcoin miners found their revenue slashed by 50%. While conditions are different for each miner—each has varying electricity costs, machine costs, staffing costs, etc.—the Bitcoin price crash saw many miners become unprofitable. As a result, they dropped off the network.
nChain chief scientist and self-proclaimed Bitcoin inventor Craig Wright has abandoned his lawsuit against Blockstream CEO Adam Back and paid all legal costs incurred. Back tweeted yesterday that the case was dropped in January 2020 when Wright told the court he was discontinuing the case. He said that Wright agreed to pay 100% of his legal fees, which he claimed was unusual and that, typically, around 75% of fees are usually met. Back received £6,666 ($8,400) in fees. update time. https://t.co...
The Bitcoin price has since bounced back up to $6,700, up 50% from its lowest point; as the prices have returned, so have the miners. The hash rate is up 15% from its recent drop, suggesting some of the miners have returned.
Another factor may have helped the miners come back online. The Bitcoin network automatically adjusts the mining difficulty to ensure that blocks are mined roughly every 10 minutes. When the hash rate dropped, so did the mining difficulty. With blocks easier to mine, miners were able to increase the rate of getting rewards, adding to their revenue.
33 days left until next #BitcoinHalving
▓▓▓▓▓▓▓▓▓▓▓▓▓░ 97%— Bitcoin Halving Countdown (@Bitcoin_Halving) April 13, 2020
The hash rate resurgence comes just 33 days before the Bitcoin halving. On this date, the Bitcoin mining rewards will get cut in half—chopping miners’ revenue in half. But by the look of things, miners aren’t going anywhere.
Tim Stokely, the founder of OnlyFans, has teamed up with the HBAR Foundation to submit a late-stage bid to acquire TikTok, as the social media giant stares down a U.S. deadline to divest or disappear. The bid was submitted by Stokely’s new venture, Zoop, and the HBAR Foundation, which manages the treasury of the Hedera blockchain, to put forward an offer for TikTok’s U.S. operations, according to Reuters. The move positions the pair among a growing crowd of bidders vying for control of the wild...
U.S. Senator Ted Cruz (R-TX) has introduced a new bill aiming to turn waste energy into electricity for Bitcoin mining. The Facilitate Lower Atmospheric Released Emissions (FLARE) Act, introduced on March 31, is geared towards making waste energy productive by capturing gas that would otherwise be flared or vented. The plan is to incentivise this capture by offering full expensing for property used to capture that gas. My legislation, the FLARE Act, incentivizes entrepreneurs and crypto miners...
Shoppers in Singapore can now use crypto to pay for gadgets on the Sony Store Online. In a statement on Tuesday, Sony Electronics Singapore said it has enabled USDC payments through crypto exchange Crypto.com’s payment service, marking the company’s first local move into direct crypto transactions. The feature allows customers to check out using USDC, a stablecoin pegged to the U.S. dollar. It’s currently exclusive to the Sony Store Online and available only via Crypto.com’s payment system. Wi...
