VirtualCoinCap’s Post

Post Bitcoin Halving Miners See Temporarily Higher Fees: CryptoQuant ➡️ Read All : https://lnkd.in/ekniEdyd Since the fourth Bitcoin halving took place resulting in Bitcoin issuance dropping from 900 to 450 per day miners have seen daily revenue hit a... [...] #BitcoinHalving #RecordHigh #CryptoRevenue #TransactionFees #NetworkHashrate #Crypto #Mining #NBTC

Foundry USA provides about 36.5% of the Bitcoin hash rate. This means the probability of Foundry USA finding the next block is 0.365. At the current block, the probability of Foundry USA finding the next seven blocks is (0.365)^7 = 0.000863. At any given block, the odds of Foundry USA 𝗻𝗼𝘁 finding the next seven blocks is therefore (1 - 0.000863). For a run of X + 7 blocks, the odds of Foundry USA not finding seven blocks in a row is therefore (1 - 0.000863)^X. If X = 802, then (1 - 0.000863)^X = 0.5 802 blocks works out at about five and a half days. In other words, Foundry USA should be finding seven blocks in a row every couple of weeks. I wrote a script to query mempool.space's Bitcoin API to get the list of pools that found each block over the last twelve weeks, then wrote a second script to check for seven blocks in a row. And look, in the last 800 * 15 blocks, seven blocks in a row were found at heights 880822, 879910, 879818, 878086, and 877811. I guess that empirically confirms my calculations. UPDATE: you can find my scripts here - https://lnkd.in/ddYyjdSt - that allows you to tweak them and perform your own investigations. #blockchaingandalf

📉 Bitcoin Miners Capitulate: Is This the Bottom for BTC Prices? 💥 Recent miner capitulations may signal a potential turning point for Bitcoin, as analysts assess whether the market is nearing its bottom. #Bitcoin #BTC #CryptoNews #Mining Read more: https://lnkd.in/e3VDTmaU

📉 Market Impact: Crypto prices often react to news of government bans or restrictions on trading and mining. 🚫 For example, China’s crackdown on Bitcoin mining in 2021 triggered a significant price drop. 🌍⚡ #SendCrypto #CryptoRegulation #Bitcoin #CryptoNews #MarketTrends

Yesterday, 7 Bitcoin blocks were mined consecutively in America by the same Bitcoin Miner. Foundry USA, a United States-based mining pool that temporarily combines hash rate from independent miners worldwide, achieved this streak. The probability of this pool mining the consecutive blocks is ~0.034%. Some people in America seem to be happy about this. It is something alarming that this is happening. Why? The decentralization of the Bitcoin system is what makes it so strong. If we get to a situation where the Bitcoin Mining Hash Rate becomes more and more centralized, it will be a disaster for the Bitcoin revolution! #Bitcoin #BTC #Mining #BitcoinMining

Bitcoin and BTC mining pose promising future: analyst ➡️ Read All : https://lnkd.in/eE8h3tZZ Institutional developments and remarks from Nashville cast a more bullish outlook for Bitcoin and BTC mining than before, says H.C. Wainwright & Co analysts. Bullish... [...] #TrumpBitcoinPlan #BitcoinAdoption #BTCMining #DigitalAssets #CryptoRegulation #Crypto #Bitcoin #NBTC

#BitcoinNews: The Bitcoin mining difficulty has dropped by 5.7%, the largest decrease in 18 months, adjusting to 83.1 trillion. This reflects shifts in the mining landscape and impacts miners' profitability. The hash rate decline has led to longer block times but could provide relief for miners. Bitcoin's price decline may be linked to the mining difficulty trend. Subdued activity in Bitcoin spot exchange-traded funds suggests cooling investor interest or a shift in strategy. #CryptoNews #CryptospaceToday #Bitcoin

“The Event That Could Shift the Balance in Bitcoin (BTC) Mining is Near” ➡️ Read All : https://lnkd.in/eRSmbWwW JPMorgan highlighted in a recent research report that Bitcoin (BTC) mining companies with attractive energy contracts could make interesting acquisition targets. This comes at a... [...] #JPMorgan #BitcoinMining #EnergyContracts #MergersAndAcquisitions #CoreScientific #Crypto #Bitcoin #NBTC

Miners need a Bitcoin use case to stick ➡️ Read All : https://lnkd.in/e75_RucW Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The Bitcoin... [...] #BitcoinHalving #RenewableEnergy #CryptoInvestment #BlockchainTechnology #BitcoinETF #Crypto #Mining #NBTC

🚀📉#bitcoinhalving Update: The latest Bitcoin halving, which occurred mid-April, has reduced the mining reward to 3.125 BTC per block. Historically, halvings have led to price increases due to lower supply, but that might not be the case this time. Read more about the halving and what to expect in the coming months: https://lnkd.in/dvbdnG_Q #bitcoin #crypto