Category Archives: Bit Mining

Bitcoin Mining Difficulty Drops as Miners Feel the Texas Heat

The difficulty of mining a bitcoin block dropped by 5% on Thursday as miners turned off their machines to lower power demands on energy grids dealing with a U.S. heat wave, particularly in Texas. The bitcoin mining difficulty adjusts automatically every two weeks to keep the time needed to mine a new block roughly at […]

Crypto miners moved over $300 million of bitcoin in one day, and some are dropping out altogethe

New data from blockchain analytics firm CryptoQuant shows that miners are rapidly exiting their bitcoin positions. 14,000 bitcoin, worth more than $300 million at their current price, were transferred out of wallets belonging to miners in a single 24-hour period at the end of last week — and in the last few weeks, miners have […]