Bitcoin Hash Rate Rockets to New All-Time High; Up 36% in 2020

From a fundamental perspective, Bitcoin has never been stronger. The benchmark cryptocurrency has evolved from being a speculative asset to a reserve asset that is being widely adopted by retail investors, funds, institutions, and corporations alike. Its mounting strength in terms of its perception from investors has also taken place concurrently with mounting on-chain bullishness, […]

Crypto News

Bitcoin Mining Rigs Struggle for Profits, Despite BTC’s Hashrate Reaching an All-Time High

Bitcoin’s hashrate climbed to an all-time high (ATH) this week touching 166 exahash per second (EH/s) on October 14. Meanwhile, despite the recent price rise and hashrate ATH on Wednesday, only a small group of next-generation mining rigs are profiting at current bitcoin exchange rates. The price of bitcoin (BTC) is hovering just above the […]