On September 3rd, Bitcoin’s network hash rate surged to a record-breaking 740 exahashes per second (EH/s), even as Bitcoin prices remain under $60,000. Despite a recent 10% price dip, the network fundamentals remain strong, with major mining companies like WhatsminerMicroBT.com rolling out advanced machines to boost their mining power. Notably, Riot Platforms, Inc. acquired Block Mining, Inc. for $92.5M to enhance its hash rate and market presence. This hash rate milestone highlights growing confidence in Bitcoin's long-term sustainability, reflecting miners’ commitment to expanding infrastructure and securing the network. Hillcrest continues to be bullish on the Bitcoin sector and our portfolio company, Matador Gold Technologies, is looking to invest and grow within the ecosystem. #Bitcoin #CryptoMining #Hashrate #Blockchain #BTC #Innovation
Hillcrest Merchant Partners’ Post
More Relevant Posts
-
A Significant Milestone in the Crypto Mining Industry A solo Bitcoin miner has recently accomplished the extraordinary task of solving a block independently, earning a remarkable $180,000 reward. This rare event underlines the vast potential and opportunities that exist within the growing crypto mining sector. As the Bitcoin network continues to expand, such achievements serve as a testament to the profitability and power of mining. For both seasoned professionals and newcomers, staying up-to-date with the latest technology and advanced mining facilities is essential to maintain a competitive edge. Ready to take your mining capabilities to the next level? Explore cutting-edge mining solutions at www.avatronshop.com and optimize your operations for maximum efficiency. #BitcoinMining #Cryptocurrency #BlockchainTechnology #MiningSuccess #DigitalAssets #CryptoInnovation #MiningSolutions #BitcoinBlock #SoloMiner #MiningEfficiency #AvatronMining #AvatronShop
To view or add a comment, sign in
-
🌟 Understanding Bitcoin's TARGET 🎯 In the world of Bitcoin mining, precision matters. That's where the target comes into play. 🕵️♂️ When Satoshi Nakamoto coded the very first block, they set a manual target to ensure a new block was mined roughly every 10 minutes. 🕒 But here's where it gets interesting: every 2016 blocks (approximately two weeks), nodes evaluate how long it took to mine those blocks. Let's break it down: 🔍 Expected time: 2016 blocks * 10 minutes = 20160 minutes ⏳ 💡 If the actual time is less (say 18019 minutes), it indicates blocks are being mined faster. 💡 The target adjusts by the ratio of actual time to expected time. In this example: 18019 / 20160 = 0.9 So, if blocks are mined speedily, the target value decreases to maintain that golden 10-minute mark. And guess what? Every node on the Bitcoin network recalculates this target after receiving 2016 blocks. 🔄 Starting with a hand-coded value, all nodes sync up their targets every two weeks, ensuring the integrity and reliability of the Bitcoin network. 💪 #Bitcoin #Blockchain #Mining #Technology 🚀
To view or add a comment, sign in
-
--Asic mining miner distributor of Bitmain,iceriver, Goldshell, Jasminer, Whatsminer and so on in Shenzhen for about 6years
Limited Time Offer: Buy More, Save More! For a limited time, we're offering exclusive discounts on bulk purchases of our ASIC miners. The more you buy, the more you save! This is the perfect opportunity to upgrade your mining equipment and significantly boost your output. Join the Leaders in Crypto Mining Don't miss out on the chance to stay ahead in the competitive world of cryptocurrency mining. By investing in our high-performance ASIC miners, you'll be positioning yourself for greater success and profitability. Experience the future of mining today. Contact us now to learn more about our products and take advantage of our special offers. Your path to higher mining rewards starts here! Start Mining Smarter Today with Our ASIC Miners! Sarah WhatsApp +86 181 2632 0969 #asicminersarah #ASICMiner #CryptoMining #BitcoinMining #MiningRig #HashRate #MiningHardware #Blockchain #MiningPool #Antminer #Bitmain #MiningFarm #Cryptocurrency #EthereumMining #LitecoinMining #MiningProfitability #MiningEfficiency #MiningSetup #MinerCooling #MiningPowerSupply #FirmwareUpdate #MinerMaintenance #MiningOptimization #MiningSoftware #ASICChip #MiningSecurity #MiningRevenue #HardwareWallet #MiningNoise #ThermalManagement
To view or add a comment, sign in
-
What is a Crypto Mining Pool and How Does It Work? Crypto mining can be a challenging solo venture, with high costs and time demands. That’s where mining pools come in! A crypto mining pool is a group of miners who share resources to collectively solve blocks and earn rewards, which are then split among participants. Here’s how it works: 1. Pooling Resources Instead of mining individually, miners combine computing power, increasing their chances of solving a block and gaining rewards. 2. Reward Sharing: Once the pool successfully mines a block, rewards are distributed based on each miner’s contribution (usually computing power). 3. Lower Costs, More Rewards: Mining pools help miners by reducing the risk of zero returns, allowing even smaller-scale miners to profit. 4. Why Choose Pools? Pools provide a steady income stream with reduced risk, making them attractive to those who want consistent earnings without massive upfront investments. Boost Your Crypto Trading with CryptoTradeMate! 💡 For top trading insights and market signals, CryptoTradeMate equips you with all you need to stay on top. #CryptoMining #Blockchain #CryptoEducation #MiningPool #CryptoTradeMate #Cryptocurrency #LinkedInLearning #TechCommunity
To view or add a comment, sign in
-
--Asic mining miner distributor of Bitmain,iceriver, Goldshell, Jasminer, Whatsminer and so on in Shenzhen for about 6years
Harness the most effective strategy to mitigate exorbitant transaction fees: embark on the journey of mining Bitcoin yourself! Seize the opportunity to capitalize on the escalating transaction fees by initiating your Bitcoin mining operation. Don't overlook the chance to partake in the lucrative realm of mining. Take action now and acquire mining rigs to commence your mining endeavors. With the impending Bitcoin halving on the horizon, prioritize mining to secure your profits ahead of time. Join the mining community and start reaping the rewards of Bitcoin mining today! Stephen WhatsApp +86 181 2632 0969 #Asicminerstephen #Bitcoin #Cryptocurrency #Blockchain #Decentralized #MiningHardware #ASIC #SHA256 #ProofOfWork #HalvingEvent #CryptoMining #MiningRig #Hashrate #S21Miner #ASICMiner #BitcoinNetwork #CryptocurrencyMining #MiningTechnology #CryptocurrencyInvestment #CryptoMarket
To view or add a comment, sign in
-
BITCOIN MINETRIX VS. BLOCKDAG: CLASH OF TITANS IN CLOUD MINING AS ETF APPROVAL LOOMS Two projects are stirring the pot in the crypto mining scene: BLOCKDAG and BITCOIN MINETRIX. BlockDAG boasts 5000x return potential thanks to its user-friendly cloud mining tech, riding the wave of the recently approved BITCOIN SPOT ETF. Bitcoin Minetrix, focused on making Bitcoin mining accessible, has seen presale success and growing social media buzz, hinting at future gains. Both offer different entry points, but one thing is clear: with mining innovations and Bitcoin on the rise, the crypto landscape is brimming with opportunity. Don't miss out - BlockDAG's presale and giveaway are hot! The Future News #FutureNews #Bitcoin #Crypto #BlockDAG #technology #Innovation
To view or add a comment, sign in
-
BITCOIN MINETRIX VS. BLOCKDAG: CLASH OF TITANS IN CLOUD MINING AS ETF APPROVAL LOOMS Two projects are stirring the pot in the crypto mining scene: BLOCKDAG and BITCOIN MINETRIX. BlockDAG boasts 5000x return potential thanks to its user-friendly cloud mining tech, riding the wave of the recently approved BITCOIN SPOT ETF. Bitcoin Minetrix, focused on making Bitcoin mining accessible, has seen presale success and growing social media buzz, hinting at future gains. Both offer different entry points, but one thing is clear: with mining innovations and Bitcoin on the rise, the crypto landscape is brimming with opportunity. Don't miss out - BlockDAG's presale and giveaway are hot! The Future News #FutureNews #Bitcoin #Crypto #BlockDAG #technology #Innovation
To view or add a comment, sign in
-
Ahead of the Bitcoin Halving: Miners Face Increasing Competition and Low Fees The upcoming Bitcoin halving is set to reduce the new Bitcoin issued per block from 6.25 to 3.125. Despite the Bitcoin mining industry achieving record-high revenues in 2024, miners are working through several challenges: - Decreasing transaction fees. - Intensifying competition as the network hashrate climbs. - The need for more computing power to mine the same amount of Bitcoin. In anticipation of the halving, there's been an uptick in selling activity among some miners. Furthermore, leading mining companies like RIOT Platforms, Core Scientific, Bitfarms, and Marathon Digital have reported a decline in daily Bitcoin production this year. Explore our Live Dashboard Tracking Mining Companies On-Chain: https://lnkd.in/dmBrPZmg The landscape for Bitcoin miners is quickly evolving. See our Bitcoin Miner Dashboard for more: https://lnkd.in/dTx559YB Join the Discussion | CryptoQuant #bitcoin #bitcoinmining #bitcoinhalving #btc
To view or add a comment, sign in
-
By solving a Bitcoin block by themselves and taking home the entire 3.125 Bitcoin block reward, a lone miner has overcome the odds. Software engineer and administrator Con Kolivas introduced this miner on X. It is a member of the solo mining pool called ckpool. At the moment, the miner had a high hash rate of about 120PH (peta hashes), or roughly 0.12 EH (exa hashes). Over the course of a week, the miner averaged about 12PH, or about 0.02% of the network's overall hash rate. The reward for this specific block, 841,286 experienced a halving from 6.25 BTC to 3.125 BTC on April 20, with the Bitcoin halving at block 840,000. When the puzzle was solved, the reward's worth in Bitcoin was estimated to be roughly $200,000. Kolivas hints that a major miner might have switched to solo mining post-halving due to electricity costs or occasional self-hashing. This rare feat, akin to a lottery win, has only occurred 282 times out of about 841,300 blocks since Bitcoin's inception 14 years ago. Through the use of computational power, miners of Bitcoin solve the next block and add it to the network. But as Bitcoin prices grow, more people are mining, which raises the difficulty and hash rate, making it nearly impossible to solve a block on your own. . . . . #bitcoin #mining #blockchain #lottery #cryptonews #cryptostan #thecryptocountry
To view or add a comment, sign in
199 followers