Category: Mining

[ad_1] Bitcoin’s mining difficulty decreased by 11.16% to approximately 125.86 trillion at the most recent retarget boundary around block 935,424. That marks the largest negative adjustment since the 2021 China mining ban, the sixth consecutive downward retarget, and the tenth largest negative adjustment in Bitcoin’s history. However, difficulty adjustments are lagging indicators, as they reflect…

[ad_1] This weekend, the Bitcoin network logged its steepest difficulty cut since July 3, 2021—a moment that followed China’s sweeping ban on mining and trading, which triggered a sharp market sell-off and sent miners scrambling for exits beyond the region. Bitcoin Mining Gets Easier—for Now—as Difficulty Drops 11.16% After a winter storm ripped through dozens…

[ad_1] Bitcoin mining rig maker Canaan delivered a dramatic fourth-quarter turnaround, with revenue more than doubling as bitcoin miners rushed back into the market for new hardware, signaling renewed confidence after a sluggish stretch earlier in the year. Mining Hardware Demand Powers Canaan’s Fourth-Quarter Comeback Canaan Inc. reported fourth-quarter revenue of $196.3 million, a 121.1%…