#exahash

[bitcoinversus]

HIVE Acquires 1,000 S21 Pro Bitcoin Miners for Fleet Expansion

HIVE Digital Technologies has announced the purchase of 1,000 Bitmain S21 Pro Antminers, marking a significant upgrade to its mining fleet. This acquisition is expected to increase HIVE’s mining efficiency and capacity as part of its broader strategy to optimize operations. The newly acquired miners will contribute an additional 200 PH/s to HIVE’s hashrate, boosting the company’s total mining…

[unpluggedfinancial]

Bitcoin: The Gold Standard in the Sea of Cryptocurrencies

In the vast and ever-expanding world of digital currencies, Bitcoin continues to reign supreme as the most prominent and influential cryptocurrency. With thousands of alternatives vying for attention, understanding Bitcoin's enduring leadership is crucial. This post explores why Bitcoin stands out in the crowded crypto landscape and why it's considered the gold standard of digital assets.

Understanding Bitcoin

Before delving into Bitcoin's advantages, let's briefly explain how it works. Bitcoin is a decentralized digital currency that operates on a peer-to-peer network. Transactions are recorded on a public ledger called the blockchain, which is maintained by a global network of computers (nodes). New bitcoins are created through a process called mining, where powerful computers solve complex mathematical problems to validate transactions and add new blocks to the chain.

Key Advantages of Bitcoin

Bitcoin, created in 2009 by the pseudonymous Satoshi Nakamoto, was the first cryptocurrency. This pioneering status has given Bitcoin over a decade to build a robust network, gain trust, and establish itself as a store of value. As of 2024, Bitcoin's market capitalization stands at approximately $1.2 trillion, dwarfing its nearest competitor.

Bitcoin's blockchain is renowned for its security and stability. In its 15-year history, the Bitcoin network has never been successfully hacked, demonstrating remarkable resilience. The network is secured by a vast array of miners, with the current global hash rate exceeding 400 exahashes per second.

Unlike fiat currencies or many other cryptocurrencies, Bitcoin has a fixed supply cap of 21 million coins. This scarcity makes Bitcoin a potential hedge against inflation. As of 2024, approximately 19.5 million bitcoins have been mined, with the last bitcoin expected to be mined around the year 2140.

Bitcoin operates on a decentralized network, meaning no single entity controls it. This decentralization is crucial for trust and security, allowing users to transact directly without intermediaries.

Bitcoin boasts the highest adoption rate among cryptocurrencies. As of 2024, over 200 million people worldwide own or use Bitcoin. This widespread adoption translates to high liquidity, with daily trading volumes often exceeding $30 billion.

Recent years have seen significant institutional investment in Bitcoin. Companies like MicroStrategy, Tesla, and Square have added Bitcoin to their balance sheets. As of 2024, publicly traded companies hold over 1.5 million bitcoins, worth approximately $75 billion.

Bitcoin has a passionate and dedicated community of developers continuously working to improve the protocol. Projects like the Lightning Network aim to enhance Bitcoin's scalability and transaction speed.

Bitcoin is often referred to as "digital gold" due to its properties as a store of value. Like gold, Bitcoin is scarce, durable, and divisible, but it also offers the advantage of easy digital transfer across borders.

Challenges Faced by Bitcoin

While Bitcoin has numerous advantages, it's important to acknowledge some challenges:

Energy Consumption: Bitcoin mining requires significant computational power, leading to high energy consumption. However, innovations in renewable energy use for mining are addressing this concern.

Transaction Speed: Bitcoin's base layer processes about 7 transactions per second, slower than some newer cryptocurrencies. Solutions like the Lightning Network are being developed to address this limitation.

Regulatory Uncertainty: The regulatory landscape for cryptocurrencies, including Bitcoin, is still evolving in many countries.

Other Cryptocurrencies in Comparison

While some alternative cryptocurrencies (altcoins) offer innovative features or specialized use cases, many fall short in terms of security, decentralization, and adoption. For example:

Ethereum, the second-largest cryptocurrency, faces scalability issues and centralization concerns as it transitions to Ethereum 2.0.

Many altcoins are highly centralized, with significant portions of their supply controlled by a small number of entities.

The crypto landscape is filled with speculative projects, many of which lack long-term viability. In fact, over 2,000 cryptocurrencies have failed or been abandoned since 2014.

Conclusion

Despite the proliferation of new cryptocurrencies, Bitcoin remains the cornerstone of the crypto revolution. Its first-mover advantage, proven security, limited supply, decentralization, widespread adoption, institutional endorsement, strong community, and use case as digital gold all contribute to its standout status. As the financial landscape continues to evolve, Bitcoin's role as a transformative and foundational asset is more apparent than ever.

While challenges remain, ongoing development and increasing adoption suggest a bright future for Bitcoin. As we move further into the digital age, Bitcoin's position as the gold standard of cryptocurrencies seems likely to endure.

Take Action Towards Financial Independence

If this article has sparked your interest in the transformative potential of Bitcoin, there's so much more to explore! Dive deeper into the world of financial independence and revolutionize your understanding of money by following my blog and subscribing to my YouTube channel.

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[kingme1002]

Our currency is changing:

Here's a brief history of Bitcoin's price ¹:

- *2009*: Bitcoin's price range was $0 to $0.00099. The first recorded price at which Bitcoin exchanged hands was $0.00099/BTC.

- *2010*: Bitcoin's price range was $0.00099 to $0.4. Its highest price for the year was just $0.39.

- *2011*: Bitcoin's price range was $0.4 to $4.70. Bitcoin adoption started to pick up steam in 2011, and it reached a value of $1 for the first time ever on February 9th, 2011.

- *2012*: Bitcoin's price range was $4 to $13.50. Bitcoin had a relatively flat 2012, trading within a $0.50 range of $5 for the first half of the year.

- *2013*: Bitcoin's price range was $13 to $755. 2013 saw the first major spike in the price of Bitcoin since 2011. From $13 at the beginning of the year, Bitcoin hit nearly $250 in April.

- *2014*: Bitcoin price range was $755 to $300. 2014 got off to a good start, but things quickly turned sour for Bitcoin.

- *2015*: Bitcoin price range was $300 to $500. The price of Bitcoin in 2015 started off weakly, with a -50% selloff in the first two weeks of the year.

- *2016*: Bitcoin price range was $500 to $750. 2016 saw the Bitcoin network's hash rate top 1 exahash/second.

- *2017*: Bitcoin price range was $750 to $20,000. 2017 is a year that lives in crypto history. As you can see in the chart above, the year saw a steady appreciation in the price of Bitcoin followed by a huge blow-off top to nearly $20,000.

- *2018*: Bitcoin price range was $20,000 to $3,122. 2018 was a tough year for many in Bitcoin, both seasoned investors and those new to the space who had been attracted by the hype of 2017.

- *2019*: Bitcoin price range was $3,122 to $13,880. 2019 was a rollercoaster ride for Bitcoin hodlers. Starting the year under $4,000, the price of Bitcoin rose nearly $10,000 to hit $13,880 by the middle of the year.

- *2020*: Bitcoin price range was $13,880 to $29,000. Bitcoin rose strongly from $7,000 at the beginning of the year to more than $10,000 in mid-February.

- *2021*: Bitcoin price range was $29,000 to $60,000. Starting the year just below the $30,000 mark, Bitcoin experienced a significant rally in the first half, reaching its peak close to $60,000 around April.

- *2022*: Bitcoin price range was $60,000 to $20,000. The year 2022 saw a tumultuous start for Bitcoin. Beginning near the $50,000 mark in January, it experienced a steady decline through the initial months, reaching its lowest point around the $30,000 range in May.

[newsclickofficial]

Phoenix Group, a crypto company based in the UAE, is pushing hard to get into the US market. In a recent news release, the company said that its newest 50MW Bitcoin mining facility in North Dakota was now fully operational. News sources say that this new mining plant can boost the company’s current hash rate by up to 2.7 exahashes. The new crypto mining center has cutting-edge technologies and a better layout to make it work better and faster. The North Dakota project is Phoenix Group’s second crypto-mining facility in the country. The group’s first was a 25MW crypto mining facility in South Carolina. Phoenix Group’s second mining facility was finished in record time, reflecting the company’s leadership in the industry, particularly in designing and managing highly efficient digital asset infrastructure. Securing the blockchain, one hash at a time.Phoenix Group proudly energizes its cutting-edge 50MW mining facility in North Dakota. Completed in under 5 months, this engineering marvel adds 2.7 exahashes to our capacity. As Munaf Ali, CEO of Phoenix Group, states, “This is a… pic.twitter.com/5FGLtgIGsB — Phoenix Group (@phoenixgroupuae) January 6, 2025 Phoenix Group Adds A Canadian Facility Currently registered on the Abu Dhabi Securities Exchange, Phoenix Group is among the leading crypto miners worldwide. It boasts a presence in the US, UAE, and Canada and is building the region’s biggest Web 3.0 ecosystem. One of its latest projects was launching its 20-megawatt crypto mining facility in Canada. With the site’s completion, it added 700PH and has the lowest electricity price at 0.039 USD within the Phoenix Group’s fleet, with over 97% uptime. BTC is now trading at $95,679. Chart: TradingView The construction of another mining facility in North Dakota reinforces the company’s commitment to crypto and blockchain technology. According to Reza Nedjatian, the company’s CEO for Global Mining Operations, their new Dakota project is a major step in its expansion plans. He said the United States is a key market for their operations. North Dakota Site Brings Competitive Edge A major turning point for the business will be the construction of its new North Dakota crypto mining facility. Launching the second US site is part of Phoenix Group’s plan to increase their global Bitcoin mining capability and increase their visibility, claims Munaf Ali, CEO of the company. In a very competitive market for crypto-mining, Ali said that finishing the job in record time shows how accurate, fast, and creative they are. Phoenix Group Expansion Since its first mining activities in the UAE in 2017, the Phoenix Group has been expanding its activities and other related projects. After becoming the first Bitmain dealer in the area in 2019, the company went public in 2023. In August 2024, Phoenix Group and Tether worked together to make a stablecoin based on the UAE dirham. Featured image from Getty Images, chart from TradingView

[thesocialchronicles]

Marathon Digital Holdings reports December 2024 Bitcoin production and mining metrics, showing continued operational progress. Marathon Digital Holdings reported a 15% increase in its energized hash rate to 53.2 exahashes per second, exceeding its year-end target of 50 EH/s. However, Bitcoin (BTC) production fell slightly, down 2% from November to 890 BTC, which MARA attributed to “luck” variations in mining, per CEO Fred Thiel. MARA’s December 2024 #Bitcoin Production Update is here:– Energized Hash Rate Increased 15% to 53.2 EH/s– 249 Blocks Won (890 BTC), the Second Most Blocks in a Month on Record– MARAPool’s Hash Rate Grew 168% in 2024, Outpacing Network Growth of 49%– Total BTC HODL: 44,893…— MARA (@MARAHoldings) January 3, 2025 Hash rate is a critical measure of a miner’s computational power and is essential for securing the Bitcoin network and validating transactions. MARA’s increased hash rate reflects its expanding operations, positioning the company as a more competitive player in the mining sector. Analysts at H.C. Wainwright predicted in a Jan. 2 note that Bitcoin mining companies like Marathon will outperform their competitors in 2025.  Total yearly stats For 2024, MARA mined 9,457 BTC and purchased an additional 22,065 BTC at an average price of $87,205 per coin. This brought the company’s total Bitcoin holdings to 44,893 BTC. As of year-end, this stash is valued at $4.2 billion, based on a Bitcoin spot price of $93,354. Additionally, MARA loaned 7,377 BTC to third parties, generating extra income. MARA operates a hybrid model of mining and purchasing Bitcoin. Mining involves solving complex computational puzzles to earn BTC directly, while purchasing Bitcoin during price dips allows the company to optimize acquisition costs and maintain operational flexibility. CEO Fred Thiel emphasized MARA’s efficiency improvements, noting the company’s ability to produce BTC at a lower cost than the spot market price.  The company also highlighted the growth of its proprietary MARAPool, which saw a 168% increase in hash rate in 2024, significantly outpacing the overall Bitcoin network’s 49% growth. 2025-01-03 14:10:00 https://crypto.news/app/uploads/2024/01/crypto-news-X-Mining-could-reshape-Bitcoin-mining-via-staking05.webp

[trendstodaynet]

Bitcoin Hashrate briefly reaches Zetahash per second

Bitcoin’s hashrate, which measures the network’s total computing power, has now surpassed 1,000 exahash per second (or one zetahash per second) for the first time, according to data provided by CoinWarz. The milestone was first reached on January 2 at around 23:00 UTC. Bitcoin’s popularity has grown exponentially over the past few years. A year ago, by comparison, it was at 173 EH/s. Over the…

[quantarai]

Bitcoin miner HIVE targets 150% growth by 2025-end after 47% YoY operational surge in 2024

Canadian mining firm HIVE Digital Technologies has reached 6.0 EH/s in operational hashrate, marking a 47% year-over-year increase. Bitcoin (BTC) miner HIVE Digital Technologies has hit a major milestone, reaching 6.0 exahashes per second in operational hashrate, marking a 47% jump from 4.08 EH/s at the end of 2023. The Vancouver-headquartered firm explained in a Jan. 2 press release that the…

[news247worldpressposts]

#Breaking: #Bitcoin’s #hashrate smashed 805 exahashes per second, with network difficulty set to jump 4.4%.

Bitcoin’s #hashrate smashed 805 exahashes per second, with network difficulty set to jump 4.4%. As #BTC flirts with $100K, Taproot Wizard @ercwl calls for upgrades like covenants to keep Bitcoin relevant beyond digital gold, urging the community to adapt. Source: X

[blockinsider]

MARA Holdings Expands Bitcoin Portfolio by 11,774 BTCs, Reaching $1.1B Investment Milestone

Key Points

MARA Holdings, a Florida-based crypto mining company, has purchased an additional 11,774 Bitcoins, bringing its total holdings to 40,435 BTC.

The company’s Bitcoin holdings, valued at around $3.9 billion, have achieved a BTC Yield of 12.3 percent and 47.6 percent in different periods in 2024.

MARA Holdings Inc., a crypto mining firm based in Florida, recently revealed that it has acquired an additional 11,774 Bitcoins. The company, valued at $7.7 billion, completed this purchase on December 10.

As a result of this acquisition, MARA Holdings now possesses around 40,435 Bitcoins. As of December 9, these holdings were worth approximately $3.9 billion, with the price of Bitcoin fluctuating between $97k and $98k.

Company Performance and Market Strategy

According to filings with the Securities and Exchange Commission, MARA Holdings achieved a Bitcoin Yield of 12.3 percent between October 1 and December 9, 2024. Additionally, the company reported a Bitcoin Yield of 47.6 percent from January 1 to December 9, 2024.

MARA Holdings has been issuing more shares in the past year to raise additional funds for further Bitcoin purchases. Earlier this month, the company increased its convertible senior notes offering from $750 million to $850 million, providing private investors with the option to purchase an additional $150 million in notes.

MARA Holdings has become a significant player in the Bitcoin market, converting clean, stranded, and underutilized energy into economic value. This strategy has attracted a growing number of investors interested in leveraging Bitcoin as a hedge against inflation.

Earlier this month, the company announced the acquisition of a wind farm in Hansford County, Texas. This farm, with 240 MW of interconnection capacity and 114 MW of wind capacity, is part of the company’s commitment to renewable energy sources and reducing the carbon footprint of the Bitcoin network.

Impact on the Bitcoin Network

As a result of the company’s efforts, MARA stock has risen more than 47 percent in the past three months, trading at around $23.54. However, due to recent share dilution, MARA stock has dropped approximately 6.7 percent in the past month.

With a hash rate exceeding 40 exahashes per second (EH/s), Marathon Digital Holdings’ mining operations are crucial for securing the Bitcoin network in exchange for block rewards. The company’s success has influenced other firms to adopt similar Bitcoin strategies.

Consequently, Bitcoin has become the best-performing global asset over the past two years, outperforming major stock indexes and most precious metals. Bitcoin has achieved a $2 trillion valuation status, surpassing major tech companies and fiat currencies worldwide.

[bitcoinversus]

Canaan Inc. Expands Self-Mining Operations in Texas and Pennsylvania

Canaan Inc., a leading provider of high-performance computing solutions, has announced a significant expansion of its self-mining operations in North America. The company aims to achieve a capacity of 10 exahashes per second (EH/s) by mid-2025, focusing on strategic partnerships in Texas and Pennsylvania. In Texas, Canaan’s subsidiary, Beet Digital LLC, has entered into a joint mining agreement…

[virtualcurrencyspace]

Bitcoin Hashrate Reaches All Time High

The Bitcoin hashrate has reached a new all-time high, showcasing the growing security of the world’s first blockchain network.

The Bitcoin network hashrate — the total computing power securing the Bitcoin network — reached an all-time high of 769.8 exahashes per second (EH/s) on Oct. 21.

The hashrate has been in a steady uptrend since 2021, BitInfoCharts data shows. The hashrate’s escalation is widely correlated with developments in mining hardware like application-specific integrated circuits (ASICs).

[oursatellite]

Hashrate Bitcoin tiến gần mức kỷ lục khi độ khó sắp điều chỉnh tăng

Hashrate của Bitcoin đã ghi nhận sự tăng trưởng ổn định, tiến gần đến mức cao nhất là 693 exahash mỗi giây (EH/giây) đạt được vào ngày 8 tháng 9. Hiện tại, hashrate đang ở mức 680 EH/giây, gần sát kỷ lục này. Block time đã giảm so với mức trung bình mười phút thông thường, và với sự điều chỉnh dự kiến vào ngày 9 tháng 10, độ khó của mạng sẽ tăng 3,22%. Hashrate Bitcoin tiếp tục tăng Tính đến…

[newsclickofficial]

On the third day of 2025, Bitcoin’s hash rate soared, registering between 813 and 823 exahash per second (EH/s). This impressive peak is an ideal start to the New Year. Bitcoin Begins 2025 with an Unstoppable Surge The opening days of 2025 have ushered in new heights for Bitcoin’s hashrate. On Jan. 1, the cryptocurrency’s […]

[crisismonitor]

Σε υψηλό μήνα και με υποδομή για ράλι το Bitcoin

Δυναμική ράλι μπορεί να αναπτύσσει το Bitcoin, καθώς το κρυπτονόμισμα σκαρφάλωσε ήδη σε υψηλά μήνα, ενώ παράλληλα η τεχνική εικόνα και το χάσμα τιμής με τo hash rate (το μέγεθος της υπολογιστικής ισχύος του δικτύου blockchain) δημιουργούν εικόνα που στο παρελθόν έχει δώσει μεγάλες ανόδους. Το Bitcoin εκτοξεύτηκε πάνω από τα $64.000, φτάνοντας σε υψηλό ενός μήνα και επεκτείνοντας τα κέρδη από την αρχή του μήνα σε σχεδόν 10%. Αυτές οι κινήσεις ακολούθησαν την απόφαση της Fed να μειώσει τα επιτόκια κατά 50 μονάδες βάσης αυτόν τον μήνα και υπέδειξε σχέδια για σταδιακή χαλάρωση της νομισματικής πολιτικής. Η κεντρική τράπεζα ανέφερε την εμπιστοσύνη της ότι ο πληθωρισμός θα επιστρέψει στον στόχο και τόνισε τους αυξανόμενους κινδύνους στην αγορά εργασίας. Επιπλέον, ο κυβερνήτης της Fed, Κρίστοφερ Γουάλερ, δήλωσε ότι ανησυχεί πως ο πληθωρισμός ενδέχεται σύντομα να είναι σημαντικά χαμηλότερος από τον στόχο του 2% της κεντρικής τράπεζας. Εν τω μεταξύ, οι κεντρικές τράπεζες στο Ηνωμένο Βασίλειο, την Ιαπωνία και την Κίνα διατήρησαν αμετάβλητα τα επιτόκια αυτόν τον μήνα, αν και η Λαϊκή Τράπεζα της Κίνας μείωσε απροσδόκητα ένα σημαντικό βραχυπρόθεσμο επιτόκιο. Οι επενδυτές τώρα βλέπουν το επίπεδο των $70.000 ως πιθανή αντίσταση για το Bitcoin, παρόμοια με ό,τι συνέβη στα τέλη Ιουλίου. Σκηνικό ράλι Η απόκλιση μεταξύ της τιμής του Bitcoin (BTC) και του hashrate του ή της συνολικής υπολογιστικής ισχύος του δικτύου θα μπορούσε ενδεχομένως να υποδείξει μια ανοδική πορεία στην τιμή του μεγαλύτερου ψηφιακού περιουσιακού στοιχείου. Ιστορικά, αυτές οι αποκλίσεις έχουν εμφανιστεί μόνο λίγες φορές τα τελευταία τρία χρόνια. Σε ορισμένες περιπτώσε��ς, η τιμή του Bitcoin έχει φτάσει σε τοπικό χαμηλό κατά τη διάρκεια αυτών των γεγονότων, ακολουθούμενη από μια άνοδο καθώς η αγορά προσαρμόζεται στο αυξανόμενο hashrate. Το hashrate του δικτύου Bitcoin ανεβαίνει και πέφτει ανάλογα με το πόσοι miners έχουν ενεργοποιήσει τους υπολογιστές τους για να επαληθεύουν συναλλαγές. Bitcoin hashrate vs τιμή (Glassnode) Σύμφωνα με αυτό το μοτίβο, το Bitcoin έχει ήδη δείξει σημάδια ανάκαμψης, κερδίζοντας περίπου $9.000 από το τοπικό χαμηλό στις 6 Σεπτεμβρίου, που αντιπροσωπεύει αύξηση 15% στην αξία. Αυτή η απόκλιση μεταξύ της τιμής του Bitcoin (BTC) και του hashrate άρχισε να διαμορφώνεται τον Ιούλιο και συνεχίστηκε στις αρχές Σεπτεμβρίου, όταν η υπολογιστική ισχύς του δικτύου έφτασε σε ιστορικό υψηλό των 693 exahashes ανά δευτερόλεπτο (EH/s) με βάση τον επταήμερο κινούμενο μέσο όρο, ενώ η τιμή του Bitcoin βρισκόταν κοντά στα $54.000. Έναρξη πρόσφατης απόκλισης (Glassnode) Ένας σημαντικός παράγοντας που συνέβαλε στην πρόσφατη άνοδο του hashrate είναι η δραστηριότητα των δημοσίως διαπραγματευόμενων εταιριών εξόρυξης. Πριν από το halving – όπου οι ανταμοιβές του Bitcoin μειώνονται στο μισό – το hashrate είχε κορυφωθεί στα 650 EH/s και έπεσε στα 550 EH/s τον Ιούνιο, καθώς οι λιγότερο αποδοτικοί miners εγκατέλειψαν το δίκτυο λόγω αυξημένου ανταγωνισμού. Τώρα έχει επιστρέψει στα προ-halving επίπεδα, καθώς οι δημοσίως διαπραγματευόμενοι miners, που είναι καλά κεφαλαιοποιημένοι, έχουν αυξήσει το μερίδιό τους στην αγορά, ενισχύοντας την υπολογιστική τους ισχύ. Σύμφωνα με δεδομένα από δεκαέξι δημόσιες εταιρίες, έχουν σχεδόν φτάσει μερίδιο αγοράς παραγωγής 23%, το υψηλότερο από τουλάχιστον τον Ιανουάριο του 2023, σύμφωνα με την επαγγελματική έκδοση TheMinerMag. Είναι πιθανό ότι οι εισηγμένοι miners θα συνεχίσουν να καταλαμβάνουν μεγαλύτερο μερίδιο του hashrate με την πάροδο του χρόνου, καθώς ανταγωνίζονται για να παραμείνουν κερδοφόροι μετά το halving.   Read the full article

[coinguitar]

Bitcoin Hashrate Hits New All-Time High Amidst Industry Challenges

The Bitcoin network has achieved a new milestone, reaching an all-time high hashrate of over 742 exahashes per second (EH/s) on September 1, 2024. This significant increase in computing power securing the network reflects the growing adoption and interest in Bitcoin. The steady rise in Bitcoin’s hashrate since 2021 is driven by the ongoing adoption of more powerful mining hardware, such as…