Tag: Bitcoin mining
The hashrate securing the Bitcoin network continues to soar, surging to over 40 EH/s in June 2018 despite several months of downward pressure on Bitcoin prices. Current hashrate is now well over double the 2017 peak of around 13 EH/s, or to frame it differently, hashrate has increased by...
To many regular participants in the Bitcoin economy, there may have been a sense that in the final months of 2017 transaction fees were rising quite significantly. There was a noticeable increase in transaction traffic across the latter part of the year, with an initial spike of high fees...
During a developer panel at the recent Baltic Honeybadger Bitcoin Conference in Latvia, the panelists were asked about the prospects of future changes to the Bitcoin protocol in the context of the perceived contention between the mining and development communities. Due to the politicized nature of the Bitcoin development...
While highly regarded economists, analysts and experts within the traditional finance sector, including Peter Schiff, continue to question the origin of the value of bitcoin and its applicability, bitcoin is operating as a vital lifeline and alternative financial network in underbanked and corrupted economies such as Venezuela.The concept...
Dmitry Marinichev, one of Russian President Vladimir Putin’s internet advisors, is planning to raise $100 million to finance a mining venture through an initial coin offering (ICO), Bloomberg has reported. Over the past few years, China-based Bitmain, arguably the largest and most influential bitcoin mining equipment manufacturer in the world, has invested...
