Hashrate

Under normal historical conditions, with the price of bitcoin and hashrate increasing, the 30-day moving average (MA) sits somewhere above the 60-day MA. When the 30-day MA falls below the 60-day, moments are seen as buying opportunities in the spot markets for bitcoin, a pattern that’s proven relatively consistent over the past 2.5 years.

25. Aug. 2021

Compass Mining and mining consultancy Navier announced they are rolling out HashTest, a new tool letting buyers and sellers verify the advertised hashrate of their specialized bitcoin mining machines.

21. Juli 2021

Kevin Zhang, Foundry VP of Business Development, explains the history of China’s crackdowns on cryptocurrencies and mining operations from 2017 to where we are now. “The most recent crackdowns are the hardest we’ve ever seen,” Zhang said miners are headed to Eastern European and Central Asia. But could they return?

13. Juli 2021

CoinDesk's Christie Harkin discusses the potential signs indicating bitcoin's hashrate is stabilizing, amid speculation the worst fallout from China's recent mining crackdown might be over. Plus, the latest update on bitcoin's Taproot activation. "More than a quarter of bitcoin nodes have upgraded to the new protocol, and that's a big deal," Harkin said.

9. Juli 2021

CoinDesk Research Associate George Kaloudis says, “we’re in a bear market,” pointing to a chart depicting bitcoin’s bear and bull cycles over the past six years. He also compares the Q2 performance of the “CoinDesk 20” top assets, noting the divergence between ethereum’s gains and bitcoin’s losses. “That almost never happens,” he said.

8. Juli 2021

Bitcoin was holding support around $33K Tuesday and is down about 5% over the past week. The cryptocurrency had a choppy trading session during Asia hours and is stuck in a tight range since June. Valkyrie CIO and co-founder Steven McClurg discusses the outlook for bitcoin and whether it will break out soon. "I definitely see us stuck here over the summer," he said, commenting on bitcoin's trajectory. Plus, why McClurg says he thinks inflation is not transitory and the impact of China's crypto crackdowns on bitcoin's price and hashrate.

6. Juli 2021

Crypto miners in China are migrating elsewhere in response to the country’s continued crackdowns. ​CrossTower Research Analyst Martin Gaspar discusses the impact of bitcoin’s hashrate on its price and why this matters. “Bitcoin’s price and hashrate have been very correlated over time… so they tend to move with each other,” Gaspar said.

6. Juli 2021

China's continued crypto crackdowns have been a blow for mining operations based in the country, but for miners in other parts of the world, it might be good news. Bitcoin's hashrate, a measure of the computational power working to secure the blockchain network, dropped to its lowest since May 2020. Meanwhile, the BTC mining difficulty could see a 25% decrease in July. "The Hash" hosts unpack why this is a windfall for active miners outside of China.

29. Juni 2021

The bitcoin hashrate tumbles amid more crypto mining operations in China shutting down. The country’s Qinghai province is the latest to announce a new crypto ban, following Xinjiang and inner Mongolia. Darin Feinstein of Blockcap, one of North America’s largest miners, weighs in.

9. Juni 2021

The bitcoin hashrate, which stands for the global computing power used to process transactions on the Bitcoin proof-of-work blockchain, is plunging to its lowest level since last November as several provinces in China are shutting down crypto miners. Christine Lee breaks down the data in today’s Chart of the Day.

9. Juni 2021