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Bitcoin Hovers Below $11,500 as Hash Rate and Mining Difficulty Hit New All-Time-Highs

Bitcoin (BTC) is changing hands at around $11,450 on Monday, mostly unchanged since the beginning of the Asian session, and could be preparing for the next major move either above $11,500 or towards $10,800.

Mining Difficulty Records Second-Largest Drop in History as Bitcoin Price Hovers Below $4,000

The price of Bitcoin dropped below the $3,800 level on several exchanges on Monday, December 3, while the general pessimistic sentiment on the market reflected in declining Bitcoin’s network difficulty, which earlier today fell by more than 15 percent following the regular adjustment.

Despite Decline in Bitcoin Prices Mining Hash Rate Keeps Rising

Despite the significant decline in Bitcoin prices since the beginning of 2018, the network’s hash rate continues to increase showing a complex nature of economics of cryptocurrency mining.

Bitcoin’s Hashrate Now Requires Eighteen Zeros to Write It Down

For the first time in the history of cryptocurrency, the overall hash rate of bitcoin network has exceeded a thousand petahashes per second, thus reaching one quintillion operations, or one exahash, per second. This value might be considered an explicit expression of miners’ position, who apparently continue actively maintaining the network notwithstanding the recent Hearngate […]

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