Blockchain & crypto news from India
Bitcoin mining difficulty has recently undergone another adjustment, hitting a new all-time high of 86.4 trillion, according to data from BTC.com. Bitcoin mining difficulty refers to the level of computational difficulty that is required in order to mine a new block of Bitcoin transactions. This difficulty level is adjusted every two weeks to ensure that…
The Bitcoin halving is an event that occurs every four years, where the reward for mining new Bitcoin blocks is cut in half. This means that miners receive fewer Bitcoin for their efforts, and the total number of Bitcoin that can be mined is limited to 21 million. The halving is a crucial aspect of…
On Wednesday, Bitcoin surged to the highest it has been to since November 2021. It rose to just above $64000, before the prices started falling again. The bulls as well as the bears of the market were stunned by the sudden and steep movement in the prices. Bitcoin has risen by more than 20% in…
After the Bitcoin halving, up to 20% of the current hash rate for Bitcoin could go offline. The block rewards will be cut in half, causing only the most efficient mining rigs to remain. The eight ASIC miner models have eradicated nearly 70% Bitcoin hash rate, as per the latest Galaxy analyst mining reports. According…
Potential and existing crypto users have been speculating day and night about how far Bitcoin will go. In the current bull run, it is already soaring high at $60,000. The value of the coin has nearly grown 9 times from its $6,800 value last year. However, a study conducted on crypto suggests that the crypto…