mining market

Bitcoin Mining Stock Gains Momentum as Chinese Economy Suffers

The Coronavirus is starting to be felt across the world. The Chinese economy has been the hardest hit from the Coronavirus. But Bitcoin mining stock gains momentum. China-based bitcoin miner manufacturer Canaan’s stock price surges over 80% amid blockchain stocks rallies. The Chinese bitcoin mining company Canaan went public in November. It becomes the first […]

The 2020 Bitcoin halvening

Per the rules set out in the Bitcoin whitepaper, the block confirmation subsidy (or reward) halves every 210,000 blocks. That’s generally every four years, and the next is estimated to happen on 14th May 2020. Originally 50 BTC per block, it dropped to 25 in 2012 and to 12.5 BTC in 2016. After May 2020, […]

Understanding Bitcoin Mining Rewards

Each day, many untold thousand watts of electricity are committed towards bitcoin mining. People mine bitcoin because they hope to earn bitcoin, which has value and can be bought and sold in various markets. Without going into too much detail, mining is the process by which the network is secured and transactions are processed. In […]

Bitcoin, Ethereum Forecasts for 2020

Bitcoin trends. BTC will continue to dominate the crypto narrative. Other operators won’t like to hear this, but Selkis says that “almost no one outside of the industry cares about anything but Bitcoin.” Halving narratives may be little more than a “self-fulfilling prophecy” – although halving may well boost BTC’s cause by reminding the world […]

65% of Bitcoin mining is Chinese

A fresh report by CoinShares Research indicates 65% of all Bitcoin mining power comes from China. The number is at its highest in at least two years, with analysts naming cheap electricity as a natural cause. “China is a large country and there are many poorly developed areas with low-price, abundant electricity, such as Xinjiang, Yunnan, Inner […]

Highest in 2 Years: 65% of Bitcoin Hash Power Is in China, Report Finds

For all of bitcoin’s promise of being the world’s first decentralized, peer-to-peer cryptocurrency, 65 percent of the total hash power resides in China. That’s the highest in at least two years according to a recent report by CoinShares Research.  Skeptics like economist Nouriel Roubin often claim there is a massive centralization of power among miners and […]

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