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Monday, September 20, 2021

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Bitcoin Mining Bans and China’s ASIC Exodus

China housed an estimated one-half to three-quarters of Bitcoin’s proof-of-work network, then lost nearly all when the government initiated bitcoin mining bans in the...

BTC Price Follows Hash Rate? No, not Necessarily.

Bitcoin's price correlates with its hash rate under certain circumstances, but not as a rule. Thus, we don't subscribe to the the price follows...

Bitcoin’s Network Charted: understanding miner trends

Bitcoin is not comparable to traditional markets. Therefore financial analyses and statistical tools do not accurately describe the state of Bitcoin's network. In particular...

BTC Hashrate Gains in 2021. Will China Still Rule?

China-based bitcoin mining industry leaders met for a private discussion last week. The group predicts shipment of 200,000-1,000,000 ASICs by 2022. This equates to...

Record Highs for Bitcoin Miners

Only two weeks have passed in 2021, and Bitcoin has managed to break several records. Bitcoin miners are turning a good profit. Some are...

Bitcoin Miners Need These Essential Conversions

Bitcoin miners use some key conversions in order to develop a deeper understanding of how machines perform and how much electricity they consume. Additionally,...

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