The Bitcoin hashrate jumped nearly 5 exahash in the last 2 weeks alone. To put that gain in perspective, it took ~8.5 years for the entire network hashrate to reach 5 EH for the first time. Miners are entering at an astonishing rate. (credit https://bitcoinwisdom.com/bitcoin/difficulty)

The Bitcoin hashrate jumped nearly 5 exahash in the last 2 weeks alone. To put that gain in perspective, it took ~8.5 years for the entire network hashrate to reach 5 EH for the first time. Miners are entering at an astonishing rate. (credit https://bitcoinwisdom.com/bitcoin/difficulty) submitted by /u/MotherSuperiour
[link] [comments]

Bitcoin – The Currency of the Internet

Bitcoin's Energy Consumption Can Power An Entire Country — But EOS Is Trying To Fix That

Proof of work (POW) is data that is costly and time-consuming to produce but easy for others to verify. The Bitcoin POW mechanism is so costly that it consumes the same amount of electricity it takes to power a country like Switzerland in one year. Bitcoin's current estimated annual electricity consumption …
Google Alert – bitcoin

Bitcoin Today: Prices Drift Lower as Entire Cryptocurrency Market Struggles

Mark Karpeles, the former chief executive of the once-largest bitcoin exchange Mt. Gox, said he is no longer a believer in bitcoin. Speaking through a thread on Reddit, Karpeles said, "The technology is definitely here to stay, but bitcoin may have trouble evolving and keeping up." He added, "I could be …
Google Alert – bitcoin

‘Decentralized Bank’ ICO Miroskii’s Entire Team Is Phoney (news.bitcoin.com)

A new initial coin offering (ICO) called Miroskii hopes to build a ‘decentralized bank’ by utilizing blockchain technology. Looking at the white paper and the website, it appears to have solid ideas and even a nice looking team behind the project. However, looking a bit closer at the team shows the ICO’s ‘graphic designer’ just happens to be a stock image of the Hollywood actor Ryan Gosling. In fact, after inspecting further, the entire team seems to be phoney and randomly chosen business…

Bitcoin