China Crypto Roundup (May 11-17): Sichuan Encourages Bitcoin Mining, Mining Pool Shift, Blockchain Job as New Occupation

May 18, 2020

The Chinese cryptocurrency sphere this past week after the bitcoin halving has seen some positive development: Sichuan, the bitcoin mining capital, is encouraging crypto mining operations; Chengdu, home to the world’s beloved panda, is set to establish a digital asset trading center; a mysterio...

Bitcoin Hashrate Goes Up Despite Halving, Miners are Resilient

May 13, 2020

Bitcoin has finally gone through its much-hyped adjustment that reduced the rewards for mining blocks. With miners now receiving only 6.25 BTC per each block found, many anticipated that the event will have a detrimental effect on the network’s hashrate and spark what could very well be a fata...

Bitcoin Hits $10K, Crypto Mining Machine Business Flourishing in China

May 8, 2020

Bitcoin has climbed back above the psychological $10,000 per bitcoin mark today. The sudden jump in price comes as traders and investors gear up for May halving event as there are only 4 days left. “Similar to the halving of BCH and BSV, bitcoin will have a certain "holiday atmosphere" ...

Deep Dive : The C++ Code That Will Halve Bitcoin Block Rewards

May 6, 2020

With six days left until the Bitcoin halving, the event has become one of the most talked-about topics in the crypto industry. Experts have been racing to weigh in on the effects the halving will have on the market, with many arguing over whether or not the halving has already been “priced in.”...

Three Possibilities for Crypto Mining After Bitcoin Halving

Apr 27, 2020

The relative increase of coin price and network hashrate is a significant reference to measure the living environment of the crypto mining industry. If the increase of coin price is greater than that of network hashrate, then the mining industry will be prosperous, otherwise, the living space for ...

Investors Shifting to Long-Term Holding as Exchanges See Bitcoin Balances Drop 10%

Apr 16, 2020

After taking a huge hit last month, the crypto industry seems on its way to recover from losing $70 billion from its market cap. Entering the second half of April, Bitcoin has been retesting the resistance set at the end of March, struggling to break the $7,000 for longer than a few hours.  ...

BCH Halving Accomplished Without Death Spiral or Price Pump

Apr 9, 2020

At night of April 8, after Antpool mined out the latest block, the long-awaited BCH finally finished halving as scheduled, and the mining output of BCH decreased from 12.5 to 6.25. According to Poolin’s data, after halving, BTC's profits per T is 0.89 Chinese yuan, BSV's is 0....

Vulnerability on Network Hashrate May Hinder BCH Halving bull

Apr 8, 2020

BCH halving does not bring a price pump. If there is no greater breakthrough in price, one-month ahead halving before Bitcoin may cause the loss of computing power from BCH in the short term. It is expected that at 11:30 (GMT+8) p.m. on April 8, Bitcoin Cash (BCH) will see its f...

Search Interest for Bitcoin Halving Skyrockets as Bitcoin Breaks $7,000

Apr 7, 2020

After taking a heavy hit in mid-March, the crypto market has been in the green for the better part of the weekend, bringing much-needed confidence back into the industry. While it’s still too early to tell whether the current consolidation Bitcoin has seen is just a temporary boost or is here t...

Coronavirus, The Halving And A Price Drop: Bitcoin Mining Marches On

Mar 25, 2020

CoinShares, a New York-based cryptocurrency service that provides advice and other services for investors, released a statement on the state of Bitcoin mining during the global uncertainty caused by the coronavirus, ahead of a planned, more thorough June 2020 mining report. In it, CoinS...