Bitcoin Hash Rate Down 10% after Mining Difficulty ...

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Masari: Simple Private Money

Masari (MSR) is a scalability-focused, untraceable, secure, and fungible cryptocurrency using the RingCT protocol. Masari is the first CryptoNote coin to develop uncle mining and a fully client side web wallet.
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Bitcoin Cash Miners Leave Network for BTC Amid Difficulty Drop (current BTC/USD price is $6,641.21)

Latest Bitcoin News:
Bitcoin Cash Miners Leave Network for BTC Amid Difficulty Drop
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
submitted by coinsaladcom to CoinSalad [link] [comments]

Mining Bitcoin BTC at Home is NOT PROFITABLE | Network Difficulty Rising Faster Than Bitcoin Price

Mining Bitcoin BTC at Home is NOT PROFITABLE | Network Difficulty Rising Faster Than Bitcoin Price submitted by VoskCoin to Bitcoin [link] [comments]

Mining Bitcoin BTC at Home is NOT PROFITABLE | Network Difficulty Rising Faster Than Bitcoin Price

Mining Bitcoin BTC at Home is NOT PROFITABLE | Network Difficulty Rising Faster Than Bitcoin Price submitted by VoskCoin to VoskCoin [link] [comments]

Bitcoin [BTC] Price Breaches $13K Again as Network Hashrate and Mining Difficulty Sore

Bitcoin [BTC] Price Breaches $13K Again as Network Hashrate and Mining Difficulty Sore submitted by Tukimoki to Bitcoin [link] [comments]

Bitcoin [BTC] Price Breaches $13K Again as Network Hashrate and Mining Difficulty Sore

Bitcoin [BTC] Price Breaches $13K Again as Network Hashrate and Mining Difficulty Sore submitted by Crypto-Economy to cryptoeconomynet [link] [comments]

Bitcoin Network Difficulty Reaches New High in More than Three Months, Will BTC Price Follow?

Bitcoin Network Difficulty Reaches New High in More than Three Months, Will BTC Price Follow? submitted by leftok to atbitcoin [link] [comments]

Bitcoin Network Difficulty Reaches New High in More than Three Months, Will BTC Price Follow? - Bitcoin Exchange Guide

Bitcoin Network Difficulty Reaches New High in More than Three Months, Will BTC Price Follow? - Bitcoin Exchange Guide submitted by ulros to fbitcoin [link] [comments]

Bitcoin Network Difficulty: Up ~20 Percent To New All Time High As Chicoms Ban Trading, Price Still Nearly Within ~20% of All Time High

Bitcoin Network Difficulty: Up ~20 Percent To New All Time High As Chicoms Ban Trading, Price Still Nearly Within ~20% of All Time High submitted by TurfEnough to Bitcoin [link] [comments]

Bitcoin Network Difficulty: Up ~20 Percent To New All Time High As Chicoms Ban Trading, Price Still Nearly Within ~20% of All Time High

Bitcoin Network Difficulty: Up ~20 Percent To New All Time High As Chicoms Ban Trading, Price Still Nearly Within ~20% of All Time High submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Daily Discussion, October 28, 2020

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!
If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.
Join us in the Bitcoin Chatroom!
Please check the previous discussion thread for unanswered questions.
submitted by rBitcoinMod to Bitcoin [link] [comments]

What are some basic solutions to the heavy energy usage by miners issue?

Also: is 'hash power' measuring efficiency of processing power? What does 'the network automatically adjusts the difficulty' mean in this context?
And finally, is it true that over time the energy consumption will only increase?
submitted by fap_fap_fap_fapper to BitcoinBeginners [link] [comments]

Bitcoin’s mining difficulty just increased by 14.9%—biggest difficulty increase in over two years.

Bitcoin’s mining difficulty just increased by 14.9%—biggest difficulty increase in over two years. submitted by coinsmash1 to Bitcoin [link] [comments]

Our 10 MW bitcoin mining farm in Kazakhstan. We do provide hosting services and custom mining projects for institutional investors.

Our 10 MW bitcoin mining farm in Kazakhstan. We do provide hosting services and custom mining projects for institutional investors. submitted by shaborli to Bitcoin [link] [comments]

What if Hashrate started to decline permanently [PoW question]

Hi frens, I've something on my tongue but I cannot really grasp it.
What if the amount of energy in the past was a peak and miners at some point invest less. This would mean that coins were created more expensive than how at some point when they are used are secured by hashrate.
Maybe my point is, can Bitcoin collapse, like, at all? Or does PoW just make it very unlikely? I mean the amount of energy/work that was invested up til now is irreversible, it is final even when at some point Bitcoin "crashed".
However, two problems with this:
  1. Invested work is not equal to value. Obviously true.
  2. How is the burnt energy somewhat bound to the currency it was used for? It could still be possible that some day there is a Bitcoin 2.0 and all holder exchange their coins for it. Does that mean the stored PoW moves to this new coin? How is PoW then a valid approach after all?
You see, I'm having a hard time to even formulate these issues. Any thoughts?
submitted by BrugelNauszmazcer to BitcoinBeginners [link] [comments]

Can any debunk this?

Can any debunk this? submitted by blueberry_pie500 to Bitcoin [link] [comments]

Why Ethereum Mining?

1. High market capitalization, second to bitcoin only
Ethereum is the most dynamic blockchain platform in the world, and Ether is the second largest cryptocurrency in the world by market capitalization. There are around 1,200,000 transactions processed per day on this platform. Numbers explain everything.
https://preview.redd.it/w57fpy6njvp51.png?width=398&format=png&auto=webp&s=dbac1c20eaa78a503b71c8f667b12293f9079208
2. Dapps on Ethereum outnumbers any other blockchain platform
Not only just a digital currency or commodity, ethereum also keeps its original motivation to be a global computing platform that allows users to deploy smart contract on it. As a kind of smart contract programmed for a specific use, there are about 2 ,000 decentralized applications, or dapps, deployed on ethereum by this June, which is more than the total numbers of dapps deployed on any other general purpose blockchain platform in the world combined.
https://preview.redd.it/vau9ezssjvp51.png?width=461&format=png&auto=webp&s=02f121dce31a405802721a878a74a7b3e16cde14
3. Considerable payback
ETH mining profit basically consists of two parts: the value of the coins and the transaction commission. Once you mined a block, you will not only get the coins, but also the commission to prove the transactions that will be processed in the network. Because of the network congestion brought up by DeFi application ‘s popularity, transaction commission contributes much to the mining profit recently.
(Averages on 17th September,2020:
Ether Price: $389.49
Gas Price: 538 Gwei
Gas Limit:12,472,107
*Commission=538*12472107=6,709,993,566Gwei≈6.71ETH)
https://preview.redd.it/exsbhw4ujvp51.png?width=399&format=png&auto=webp&s=b781f5ab2bac90304fd3be021def54501ba7252b
https://preview.redd.it/teo1s1rujvp51.png?width=409&format=png&auto=webp&s=f77a33453688168a976c7313d0887a0a01b19534
Below is a profitability ranking of ASIC miners for some mainstream crypto coins when Gas price is around 60~70Gwei and coin price is about $360. I couldn’t find a ranking that could include all AISIC miners and GPU miners, but it’s enough to show that ETH mining is much more profitable than others. Even though when Gas price and coin price is not very high, the revenue of ETH mining still beats other mainstream cryptocurrencies.
https://preview.redd.it/ht2j1evvjvp51.png?width=557&format=png&auto=webp&s=9b415f227b9c0a00cf7af9682eea85ef9b85e6d8
4. Lower Network Difficulty
Compare to bitcoin network hash rate, Ethereum network hash rate is only 244.14TH/s; Less network hash rate means less difficulty, furtherly means that there will be more chance to mine a block and get coins. Nowadays, for bitcoin mining, the possibility to mine a block solo is almost zero, but for ETH mining it is still possible. In my opinion it is the golden time for ETH mining.
https://preview.redd.it/vsl0b2swjvp51.png?width=533&format=png&auto=webp&s=e8c335c4476c27cfe3872433acf08f3747ce7d05
Whether you are a new bird or an experienced senior in this field, ETH mining is the best choice in 2020.
submitted by Gravityfreeyo to EtherMining [link] [comments]

Bitcoin Network Status Update Sunday, October 25, 2020

Status of the Bitcoin network as of Sunday, October 25, 2020 at 12:00:01 EST:

Total bitcoins: 18,526,527.294971
Height: 654,257
Difficulty: 19,997,335,994,446.109375
Statistics for the past 24 hours:
Number of blocks mined: 125
Total bitcoins output (amount sent): 1,658,175.166708
Total fees: 73.848441
Average time until block found: 11 minutes, 31 seconds
Estimated hashrate: 124,259,120,440.250900 gh/s
Current price: US$12,948.43
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

"Bitcoin [Core] mempool is blowing up right now, to me it looks like a primary miner is cutting off mining to grow the transaction fee cost... there are 1 hour intervals with no blocks mined, about an hour ago there was a huge chunk of low cost transactions thrown into the network.."

submitted by Egon_1 to btc [link] [comments]

Cyptocurrency pegged to electricity price

Meter.io aims to create a low volatile currency following 10 kwh electricity price.
Meter uses a hybrid PoW/PoS solution; PoW mining for stable coin creation and PoS for txn ordering
  1. MTR is stablecoin soft pegged around the global competitive price of 10 kwh electricity
  2. MTRG is the finite supply governance token, which is used by PoS validators to validate transactions.
Pow mining in Meter is as open and decentralized as in Bitcoin but differs from that in Bitcoin in two fundamental ways
  1. Block rewards are dynamic. It’s determined as a function of pow difficulty. The wining Meter miner will earn more MTR if hash rate is high and less MTR if hash rate is low, ensuring a stable cost of production for each MTR at 10 kWh electricity price using mainstream mining equipment
  2. Miner’s don’t validate transactions. They simply compete to solve PoW. Txn ordering is done by PoS validators who secure the network and in return earn txn fees.
All stablecoins must essentialy have stability mechanisms to account for cases where demand is high and where demand is low. MTR has 2 stability mechanisms set to solve this mission.
Supply side stability mechanism (long term)
First and foremost MTR can’t be produced out of thin air. It’s issuance follows a disciplined monetary policy that solely depends on profit seeking behavior of miners. The only way to issue MTR is via PoW mining. When miners notice that price of MTR is getting higher than the cost to produce them (remember cost of production is always fixed at 10 kwh elec. price = around 0.9-1.2 usd) they will turn on their equipment and start creating new supply. If demand keeps increasing more miners will join, and more MTR will be printed to keep up with demand. Eventually supply will outperfrom the demand and price will get back to equilibrium.
When demand is low and MTR price is dropping below 10 kwh elec. price miners will not risk their profit margin to shrink and switch to mine other coins instead of MTR. In return MTR production will stop and no additional MTR will enter circulation. Given that mining is a competitive, open enviroment, price of MTR will eventually equal to the cost to produce it. (Marginal Revenue = Marginal Cost).
The long term stability is achieved through this unique and simple mechanism at layer 1 which doesn’t require use of capital inefficient collateral, complicated oracles, seignorage shares or algorithmic rebasing mechanisms.
Relative to nation based fiat currencies, switching cost between crytocurrencies is significantly lower. Sudden demand changes in crypto is therefore very common and must be addressed. Huge drop in demand may temporarly cause MTR to get traded below it’s cost of production making pow mining a losing game. How can the system recover from that and restart production? On the contrary, a sudden increase in demand may cause MTR to get traded at a premium making mining temporarly very profitable. Meter has a second layer stability mechanism in order to absorb sudden demand changes.
Demand side stability mechanism (short term)
An on chain auction (will become live in October 2020) resets every 24 hours offering newly minted fixed number of MTRGs in exchange for bids in MTR. Participants bid at no specific price and at the end of auction recieve MTRG proportional to their percentage of total bid. The main purpose of this auction is to consume MTR. A portion of MTR (initally %60) that is bidded in the auction ends up going to a reserve that is collectively owned by MTRG holders, essentially getting out of circulation. Future use of MTR in Reserve can be decided by governance. The remaining %40 gets gradually distributed to PoS validators as block rewards. This reserve allocation ratio can be adjusted via governance depending on the amount of MTR needed to be removed out of circulation at any point in time.
Meter team working to make Meter compatible with other blockchain. In fact both MTR and MTRG can currently be 1:1 bridged to their Ethereum versions as eMTR and eMTRG respectively. In near term, stablecoin MTR is set out on a mission to serve as collateral and a crypto native unit of account for DeFi.
submitted by cangurel to CryptoMoonShots [link] [comments]

Bitcoin Network Status Update Wednesday, October 28, 2020

Status of the Bitcoin network as of Wednesday, October 28, 2020 at 12:00:01 EST:

Total bitcoins: 18,528,427.294971
Height: 654,561
Difficulty: 19,997,335,994,446.109375
Statistics for the past 24 hours:
Number of blocks mined: 99
Total bitcoins output (amount sent): 2,435,746.943385
Total fees: 212.295231
Average time until block found: 14 minutes, 32 seconds
Estimated hashrate: 98,413,223,451.663177 gh/s
Current price: US$13,220.66
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

Bitcoin Network Status Update Friday, October 23, 2020

Status of the Bitcoin network as of Friday, October 23, 2020 at 12:00:01 EST:

Total bitcoins: 18,524,758.544971
Height: 653,974
Difficulty: 19,997,335,994,446.109375
Statistics for the past 24 hours:
Number of blocks mined: 122
Total bitcoins output (amount sent): 2,958,452.820424
Total fees: 139.985115
Average time until block found: 11 minutes, 48 seconds
Estimated hashrate: 121,276,901,595.491760 gh/s
Current price: US$12,920.01
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

Bitcoin Network Status Update Saturday, October 10, 2020

Status of the Bitcoin network as of Saturday, October 10, 2020 at 12:00:01 EST:

Total bitcoins: 18,513,183.544971
Height: 652,122
Difficulty: 19,298,087,186,262.609375
Statistics for the past 24 hours:
Number of blocks mined: 150
Total bitcoins output (amount sent): 2,438,916.944823
Total fees: 97.455885
Average time until block found: 9 minutes, 35 seconds
Estimated hashrate: 143,896,967,512.688171 gh/s
Current price: US$11,356.69
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

Miners On Bitcoin Halving THIS BITCOIN DATA PREDICTS THE BTC PRICE!!  3,300,000 Unemployment claims!!! BITCOIN MINING ATTACK! Shadow Mining, Chain Reorg ... Blockchain/Bitcoin for beginners 9: Bitcoin difficulty, target, BITS - all you need to know BITCOIN MINING DIFFICULTY EXPLAINED IN 10 MINUTES!

Bitcoin Records Biggest Network Difficulty Adjustment of 15% Since January 2018. While the network makes it harder to mine bitcoin yet again, investors are busy hodling. by AnTy. June 16, 2020. Home Bitcoin News Bitcoin Mining. Facebook. Twitter. Telegram . ReddIt. Linkedin. Email. Today, Bitcoin recorded its biggest upward adjustment of +15% since January 2018. The last two adjustments were ... On August 27, before the price took off, the difficulty of the network was: 7.5 TH, and it’s hashrate: 500 GH/s (approximately 16000 video cards). This price increase caused the hashrate to increase to 1.12 TH/s (1120 GH/s) (about 35000 video cards), and the difficulty flew up to 16,728 TH. The Bitcoin difficulty chart provides the current Bitcoin difficulty (BTC diff) target as well as a historical data graph visualizing Bitcoin mining difficulty chart values with BTC difficulty adjustments (both increases and decreases) defaulted to today with timeline options of 1 day, 1 week, 1 month, 3 months, 6 months, 1 year, 3 years, and all time The Bitcoin Hash rate--a measure of the amount of computation power channeled by miners to the network, is down 10 percent two days after the Bitcoin mining difficulty was increased by 3.62 percent on Oct 17. The Bitcoin Network Machine Often, the network hash rate falls whenever there is a positive readjustment.… It is not directly correlated to price in the shorter term but does increase network security and horsepower over a longer time frame, which of course is bullish. Since the beginning of 2019, bitcoin hash rate has increased almost 180% from around 40 exahashes per second to an all-time high of 117 EH/s a week or so ago. Comparatively its two closest brethren, Bitcoin Cash and Bitcoin SV have ...

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Miners On Bitcoin Halving

Bitcoin Technical Analysis & Bitcoin News Today: This Bitcoin difficulty adjustment data predicts BTC at $17,800 dollars! I'll use technical analysis on the Bitcoin price to make a Bitcoin price ... 01:18 Market Update 02:18 BTC Difficulty and Hash Rate Drop 05:01 Satoshi Nakomoto Won't Sell Bitcoin 07:28 eToro Market Analysis 10:59 Paxful in India 13:36 IOST NFT Collectibles and Mystery Box ... Live Bitcoin Trading With Crypto Trading Robot DeriBot on Deribit DeriBot Alternative channel 932 watching Live now Crypto Mining Difficulty 101 - Everything You Need to Know - Duration: 18:40. Bitcoin Shadow attack can result in chain reorg which could lead to double spending. Get blockchain certified: https://academy.ivanontech.com join 20,000 stu... Blockchain/Bitcoin for beginners 9: Bitcoin difficulty, target, BITS - all you need to know - Duration: 48 ... Bitcoin Lightning Network Explained - Duration: 6:31. sunny decree 45,686 views. 6:31 ...

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