Tag: bitcoin mining
Interest in cryptocurrencies is constantly growing. Bitcoin and many other coins are becoming increasingly popular. Therefore, in this article we will discuss the matter of bitcoin mining, which is one of the methods of obtaining digital currency. If you don't know what it is all about and how to start mining, this article is just for you!
After halving, which took place on 11 May, many miners disconnected their excavators from the network. According to the Digitomist, the energy consumption caused by bitcoin extraction fell by 24%.
Just before halving, Bitcoin's Hash Rate almost reached its new ATH. Unfortunately, shortly after halving (as expected by many analysts), drastic drops was recorded. According to data provided by blockchain.com, the 7-day average HR value of the BTC network increased for the first time since May 11th. Although small, as only 1% of the rebound may suggest a slow stabilization of this very important indicator.
Cryptocurrencies such as Bitcoin can be obtained in few different ways. Except buying them on markets, they can be mined. What is Bitcoin mining and how does that process runs? In this article you will find out everything about Bitcoin mining process and its profitability.