#halving 2020

[thecryptoreport]

Bitcoin Mining Difficulty Sets New Record High 2 Months After Halving

Bitcoin Mining Difficulty Sets New Record High 2 Months After Halving

Two months after the network’s halving event, it’s harder than ever to mine bitcoin.

Bitcoin mining difficulty, a measure of how hard it is to compete for block rewards on the network, just set a new record high of 17.35 trillion around 12:00 UTC on Monday. This marks a 9.89% jump from the previous record of 15.78 trillion posted on July 1, Bitcoin.com’s blockchain explorer shows.

The new…

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[thecryptoreport]

First Mover: Bitcoin Difficulty Adjustment Feels Like Post-Halving Easing Party

First Mover: Bitcoin Difficulty Adjustment Feels Like Post-Halving Easing Party

At its core, the Bitcoin blockchain is a sprawling global machine – a human-created network of human-operated computers.

And for bitcoin traders, it’s bullish that key events on the blockchain network over the past couple weeks have gone smoothly, showing that the machine is working well. Or, at least – exactly as it was designed. 

You’re reading First Mover, CoinDesk’s daily markets…

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[thecryptoreport]

First Mover: Bitcoin’s Hot Again and Crypto Miners Are Hoarding – Or Are They?

First Mover: Bitcoin’s Hot Again and Crypto Miners Are Hoarding – Or Are They?

Bitcoin is rallying again, and some analysts are looking at a potential driver of even higher prices: new data showing that mining pools are hanging onto the cryptocurrency rather than sending it to exchanges for a quick sale.

But as with a lot of bitcoin analysis, the interpretation isn’t always clear-cut; the data might be seen differently as a sign of a weak market.

You’re reading First…

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[thecryptoreport]

First Mover: Derivatives May Have Blunted the Halving’s Volatility Spike

First Mover: Derivatives May Have Blunted the Halving’s Volatility Spike

Checking CoinDesk’s Bitcoin Price Index, you’d be forgiven for not seeing evidence that one of the largest events in the cryptocurrency industry’s history had taken place fewer than 48 hours ago.

Wizened crypto greybeards (a status that really only takes about four years of experience in fast-moving digitalasset markets) were less surprised by the lack of price action in response to bitcoin’s…

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[thecryptoreport]

First Mover: Dull Bitcoin Halving Salvaged by Satoshi Tribute in Block 629,999

First Mover: Dull Bitcoin Halving Salvaged by Satoshi Tribute in Block 629,999

Bitcoin’s halving, the subject of amped-up buzz, hype and speculation since late 2019, proved anticlimactic on Monday as prices slid for a third straight day and the blockchain network slowed to a crawl.

Industry executives on a CoinDesk halving-countdown talk show, held via Zoom, had to pass the time with technical discussions of the future potential of bitcoinmining computers and how much…

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[thecryptoreport]

Third Halving Turns Out to Be Non-Event for Bitcoin’s Price

Third Halving Turns Out to Be Non-Event for Bitcoin’s Price

Bitcoin’s price volatility has declined following the network’s third mining reward halving event on Monday.  

The reward per block mined on bitcoin’s blockchain was reduced to 6.25 BTC from 12.5 BTC at 19:23 UTC, when the cryptocurrency was trading near $8,500. Since then, prices have been restricted largely to a narrow range of $9,500 to $9,820. 

The quiet post-halving price action stands…

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[thecryptoreport]

First Mover: Search Interest in Bitcoin’s Halving Reaches Fever Pitch as Price Hits $10K

First Mover: Search Interest in Bitcoin’s Halving Reaches Fever Pitch as Price Hits $10K

With fewer than four days left till bitcoin’s halving, popular interest in the once-every-four-years event is reaching a fever pitch.

Google Trends, a barometer for gauging interest in trending search topics, shows searches for “halving” or “bitcoin halving” at five times the peak in 2016, when the blockchain underwent its previous halving event. 

You’re reading First Mover, CoinDesk’s daily…

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[thecryptoreport]

First Mover: Bitcoin’s ‘Halving’ Is Coming Even Sooner Than You Realize

First Mover: Bitcoin’s ‘Halving’ Is Coming Even Sooner Than You Realize

Bitcoiners planning around next week’s “halving” on the blockchain network need to keep checking their countdown clocks: Every time they look, it seems it’s coming a little sooner.

Last week, Michael Maloney, chief financial officer of Coinmint LLC, a Puerto Rico-based cryptocurrency mining company with operations in upstate New York, examined data from the Bitcoin blockchain and estimated…

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