$111,218.00
2.29%$2,790.78
6.33%$2.44
4.51%$671.84
1.37%$157.90
3.20%$0.999903
0.01%$0.290645
1.33%$0.181788
5.74%$2,789.25
6.31%$0.627719
5.29%$111,217.00
2.41%$41.79
6.19%$3,373.09
6.37%$3.21
9.87%$515.91
1.65%$14.40
1.85%$0.292665
10.47%$8.96
-1.59%$19.51
5.93%$2,992.61
6.40%$0.177094
8.83%$0.99976
-0.01%$0.00001248
4.44%$2,790.94
6.35%$2.87
2.39%$90.98
3.29%$46.74
3.79%$0.999904
0.00%$325.77
1.35%$111,279.00
2.37%$3.66
5.09%$1.001
0.02%$4.43
2.17%$8.38
8.02%$0.00001105
8.23%$297.16
-0.63%$0.472717
1.75%$352.61
8.51%$1.18
0.03%$0.095365
-0.14%$4.61
2.21%$2.38
5.01%$48.35
-0.04%$1.00
0.00%$5.19
6.09%$191.91
3.27%$17.70
3.96%$0.849873
5.65%$1.058
0.02%$1.00
0.03%$0.080769
3.20%$0.602434
4.53%$4.35
4.39%$0.02253613
6.09%$4.44
-0.12%$15.91
-0.90%$0.208719
4.35%$0.290897
9.20%$9.20
6.10%$0.701307
3.53%$0.361291
6.01%$3.44
6.51%$0.082657
3.22%$0.00002205
1.74%$2,790.14
6.29%$0.194641
6.28%$2.44
4.45%$111,122.00
2.28%$111.20
3.19%$0.924619
5.79%$4.62
1.88%$167.64
3.33%$0.265178
1.20%$0.999864
0.01%$0.996613
-0.21%$11.15
0.78%$1.52
7.46%$0.458572
4.38%$1.00
0.03%$2,924.25
6.28%$3,183.71
6.44%$1.24
1.67%$1.71
4.80%$0.01904759
29.30%$1.17
10.52%$0.070086
6.47%$0.0162424
1.42%$11.08
4.92%$1.00
0.02%$1.63
11.24%$0.696382
5.60%$2,983.49
5.95%$0.59239
7.30%$0.321117
4.91%$2,889.35
6.95%$111,163.00
2.47%$12.67
-9.72%$0.99993
0.03%$0.960668
12.99%$1.11
-0.04%$2,937.55
5.96%$3,322.95
0.70%$3.22
6.81%$111,000.00
2.11%$0.999897
0.03%$0.090744
5.07%$0.153148
3.30%$0.00009277
0.86%$671.84
1.40%$111,940.00
2.24%$0.453814
6.95%$2.39
3.94%$177.33
3.29%$0.521215
2.90%$3,317.47
0.69%$3,009.97
6.15%$206.44
3.21%$0.56588
4.29%$0.741624
4.25%$0.79138
8.77%$111.73
0.01%$10.74
0.01%$0.01548027
5.87%$20.39
6.80%$0.173535
6.48%$0.998287
0.04%$0.270119
6.57%$1.90
1.70%$2.46
2.76%$40.63
0.73%$1.093
0.60%$0.01308787
6.40%$0.738555
3.92%$2,789.47
6.29%$0.00000064
2.25%$41.86
6.39%$3.73
8.13%$2,982.78
5.90%$0.106362
5.17%$0.230602
0.09%$0.567007
4.53%$2,942.02
6.96%$110,931.00
2.61%$0.365475
58.13%$0.997669
0.03%$111,124.00
2.23%$0.00867252
1.87%$2,790.22
6.28%$0.410591
0.98%$0.352573
3.29%$0.28609
2.93%$0.997173
0.32%$0.494734
-1.95%$111,123.00
2.22%$1.63
10.68%$0.514191
2.67%$0.633315
3.11%$25.38
2.52%$0.999644
-0.03%$0.00000128
11.79%$1.41
3.72%$0.050065
12.74%$0.998589
0.15%$2,790.94
6.36%$0.01411831
2.65%$41.79
6.26%$0.229079
0.45%$0.182066
5.71%$0.999902
0.00%$2.42
2.45%$0.00761211
5.63%$7.76
-1.02%$0.122391
6.00%$0.00438922
0.65%$0.404524
1.05%$0.00000044
0.75%$0.060914
0.39%$1.00
-0.01%$2,969.49
6.41%$45.71
12.01%$0.567892
4.07%$1.11
17.06%$5.87
4.13%$1.093
0.01%$14.33
3.98%$0.993465
-0.15%$0.158739
9.37%$0.077737
2.37%$1.26
8.03%$0.998884
-0.24%$0.00001937
2.86%$3,078.09
6.31%$0.320786
2.77%$0.146117
-0.07%$2.29
4.63%$2,791.43
6.38%$0.375207
3.29%$0.520143
2.92%$5.69
7.40%$110,911.00
2.33%$3,053.99
6.48%$0.999962
0.00%$1.52
3.81%$0.03774912
3.80%$0.00399339
3.34%$0.04958184
7.07%$2,789.92
6.31%$0.03506972
0.93%$0.00653145
5.43%$0.341167
5.73%$111,097.00
2.16%$2,789.05
6.31%$1.14
-2.38%$0.0175983
1.67%$20.51
-0.70%$172.53
3.28%$0.50638
3.54%$0.335966
13.87%$0.00005991
4.40%$0.806218
12.99%$0.999619
-0.02%$0.068881
2.79%$0.70373
4.44%$119.66
4.94%$0.999329
0.02%$3,374.02
6.27%$0.00363185
21.09%$1.001
0.14%$0.999759
0.02%$10.57
1.99%$0.310787
14.60%$1.13
2.10%$0.208889
4.44%$0.304374
-1.16%$0.72796
1.95%$0.214363
4.55%$0.00350695
2.49%$0.999355
-0.06%$19.51
6.00%$1.02
0.05%$1.22
0.20%$15.12
12.03%$0.620919
4.11%$111,265.00
2.42%$16.43
4.25%$2,232.44
2.22%$23.70
6.02%$0.003999
5.37%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 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.
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.
Truth Social, the social media platform founded by U.S. President Donald Trump, has signaled it will launch a utility token as part of its new loyalty rewards program tied to its Patriot Package subscription plan. “In the near future, based on their level of engagement with the platforms, Patriot Package subscribers will accumulate gems on their Truth Social accounts. These will eventually be tied to a utility token on both Truth Social and Truth+,” it said. The Patriot Package, currently in pub...
Dubai-based airline Emirates has signed a memorandum of understanding (MoU) with Crypto.com to explore integrating the exchange’s crypto payments functionality into the airliner’s payment systems. The official integration of the feature is expected to take place next year, according to an official announcement. Emirates previously teased plans in 2022 to implement Bitcoin payments, per a report from Arab News. “Partnering with Crypto.com to integrate cryptocurrency into our digital payments sys...
Publicly traded social media marketing tech company Thumzup is exploring expanding its corporate treasury holdings beyond Bitcoin, considering whether to add other leading cryptocurrencies like Dogecoin (DOGE), Solana (SOL), the Ripple-linked XRP, and Ethereum (ETH). The Los Angeles-based firm received approval from its board on Wednesday to begin evaluating the potential upside of adding at least six additional digital assets to its corporate treasury: Dogecoin, Litecoin, Solana, XRP, Ethereum...
