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2021's Largest Epoch Drop: Bitcoin Network's Mining Difficulty Dips Over 12%, Hashrate Nears 200 Exahash – Mining Bitcoin News

2021 s Largest Epoch Drop: Bitcoin Networkâs Mining Difficulty Dips Over 12%, Hashrate Nears 200 Exahash
Bitcoin’s mining difficulty has seen a massive drop this week, as the metric slid 12.6% and was the largest difficulty drop in 2021. The mining difficulty decline follows the recent electrical outages in China which had affected the network’s hashrate to some degree. Following the difficulty drop, Bitcoin’s hashrate is climbing northbound again nearing the 200 exahash per second zone.
Bitcoin’s Mining Difficulty Drops 12% Allowing the Hashrate to Climb Higher
On April 18, 2021, Bitcoin.com News and a number of crypto publications reported on Bitcoin’s (BTC) hashrate dropping after reports noted that in China the Xinjiang grid is having electrical blackouts. Initial reports estimated the loss of hashrate was above 40% but other reports mention the loss could have been between 12.61% to around 25%. ....

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Bit Digital, Inc. Responds to False Accusations

Press release content from PR Newswire. The AP news staff was not involved in its creation.
Bit Digital, Inc. Responds to False Accusations
January 19, 2021 GMT
Company Logo (PRNewsfoto/Bit Digital, Inc.)
NEW YORK, Jan. 19, 2021 /PRNewswire/ Bit Digital, Inc. (Nasdaq: BTBT), (the “Company”), an emerging bitcoin mining company headquartered in New York is responding to false accusations given to the marketplace. As a result of the recent dramatic rise in the price of bitcoin, with the corresponding increase in our stock price, Management is compelled to refute certain false accusations about the Company and provide an overview of our bitcoin mining operations all of which is publicly available at the SEC’s website www.sec.gov. Information is being provided so that our bitcoin mining operations can be better understood and independently verified. Our auditors have begun field work for our December 31, 2020 audit, which is expected to be filed well in advance ....

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Bitcoin Price Leaps Over $38,600- Analyst Says BTC's Parabolic Move 'Highly Abnormal'

Bitcoin Price Leaps Over $38,600- Analyst Says BTC s Parabolic Move Highly Abnormal
Digital currency markets continue to see strong gains, as the overall market valuation of the crypto economy has jumped $32 billion over the $1 trillion market cap after hitting the record number for the first time. Moreover, the price of bitcoin touched yet another all-time high on Thursday morning (EST) reaching $38,610 per coin.
Bitcoin, the leading digital asset in terms of market valuation, is hovering above the $38k handle after smashing through its ATH the day prior. Bitcoin (BTC) jumped to another ATH on Thursday touching approximately $38,610 per unit during the morning trading sessions. ....

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Huobi Pool opens CFX mining, allowing miners to earn double rewards

The first reward will need miners to challenge ETH mining revenue to earn subsidies.
The second reward involves the sharing of 10,000 CFX and 20,000 HPT among the miners.
Huobi Pool, the digital assets mining and trading pool of Huobi Global, has rolled out mining for Conflux (CFX), the native token of the Conflux Network. The organization unveiled this news via an official announcement on December 14, noting that its PoW Innovation Zone would open the CFX mining function at 8:00 AM UTC, December 15. Reportedly, CFX’s mining will assume PPLNS mining mode and daily payments.
According to the announcement, Huobi Pool’s PoW Innovation Zone introduced CFX mining to help minimize mining difficulty while providing its users with a wide variety of mining solutions. ....

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