Binance Pool Poised To Grab More Bitcoin Mining Hash Rate ...

BCH nov15-dec15 update . BCH moves along and claims its #4 place back on CMC


https://news.bitcoin.com/hash-wars-bch-proponents-face-a-new-dawn-in-the-battles-aftermath/


35 days later after the fork, Bitcoin Cash supporters are working towards moving past the hash war that took place a little after the scheduled BCH upgrade on Nov. 15. Now both networks are operating and the Bitcoin Satoshi’s Vision (BSV) coin has its own price ticker and market capitalization listed on data sites like Coinmarketcap and Satoshi Pulse. A portion of crypto-trading platforms have now listed BSV as a separate currency and the entire ecosystem of exchanges, payment processors and a great majority of wallets have awarded the ABC side of the chain the BCH ticker. At the time of writing, the global average price for BCH is $144 after markets jumped 47 percent on Dec. 19. BSV spiked 18 percent this Tuesday and each coin is currently trading for $92 per token.

Since the fork, the BCH network hashrate has dropped considerably, even more so than the 50 percent loss BTC suffered this past month. Average hashrates for a great number of SHA-256 algorithm coins have endured deep drops in processing power according to global statistics. The Bitcoin Cash hashrate used to command a rough average of 5 exahash per second (EH/s), but now only captures 1 EH/s to 850 petahash per second (PH/s) on a daily basis throughout this month.

On the bright side, the BCH network has been 5-8 percent more profitable to mine than BTC over the last two days. Further, BCH has amassed a large swathe of different mining pools that are processing BCH blocks on a regular basis. This includes Viabtc, Btc.com, Antpool, Multipool, Bitcoin.com, Btc.top, Waterhole, Copernicus, P2pool, Ckpool, and some other unknown mining entities as well.

Another BCH metric that has halved since the fork on Nov. 15 is the cryptocurrency’s daily transaction rate over the last month. Before, bitcoin cash transactions per day were about 20,000-25,000, whereas today that number stands at roughly 9,750 over the course of the last 24 hours. Over the last three weeks, the BCH daily transaction rate has been averaging 10k per day, with a few instances of 15k-22k spikes here and there. There has been a steady increase in daily transactions week after week, and with 99 percent of BCH infrastructure back in order, this should continue.

A good example of this behavior is the increase in BCH price and trade volume on exchanges over the last few weeks. Pre-fork BCH trade volumes captured anywhere between $400-900 million worth of global trades every day. After the fork, this statistic dropped to around $50-100 million daily on global exchanges. This was because some cryptocurrency trading platforms with a ton of bitcoin cash liquidity had paused BCH transactions and some exchanges halted trading. Week after week, however, global BCH trade volume has been steadily increasing on exchanges like Upbit, Binance, Huobi, Lbank, and Coinbase Pro. With the 40 percent increase over the last 24 hours, BCH trade volume has jumped to over $400 million in global trades on Dec. 19. At the time of publication, this makes BCH the seventh most traded digital asset out of the entire crypto economy.

The Bitcoin Cash community had also suffered from daily battles on Reddit’s btc forum and social media platforms like Twitter. A good portion of the trolling and infighting seems to have quietened down, and most BCH supporters are just trying to move forward. There’s been plenty of developments since the fork, with projects like Electron Cash, Honest Cash, Cash Shuffle, and Openswap adding more utility to the BCH network. Furthermore, BCH enthusiasts look forward to the upcoming BCH upgrades that are under discussion and they can track the code’s development too. For now, BCH supporters are extremely pleased that the fork is behind them and are thrilled to reclaim fourth position among all cryptocurrency market capitalizations.
submitted by mohtasham22 to btc [link] [comments]

A Lesson on Press Releases

Dr. K's Crypto-Corner - A Lesson on Press Releases
Riot Blockchain (RIOT) came out with what looks an impressive press release:
• For the month of March 2018, Riot generated approximately 69 Bitcoins and 44 Bitcoin Cash • Approximately 3,500 Bitmain S9 miners deployed as of March 31, 2018 • Riot's mining expansion plans remain on track to have approximately 8,000 Bitmain S9 miners deployed by the end of May 2018 • When fully deployed, Riot expects its presently owned hashing power to be over 110 Petahash, which would rank the Company among the largest publicly listed cryptocurrency mining operations • Riot maintains ownership of approximately 12.9% of goNumerical Ltd (dba "Coinsquare") as of March 31, 2018. Coinsquare received a CAD $430 million valuation in its February 2018 financing • Approximately 13.5 million common shares outstanding
It is just about the only publicly traded company to focus entirely on cryptotechnology. But it seems focused in areas such as mining which are not low hanging fruit. Most of the inefficiencies have been bled out of mining. Plus it seems they are overpaying for much of their mining gear. Further, as far as getting involved with cryptocurrency exchanges, they are late to the party. Coinbase and other exchanges such as Binance have clear advantages.
One of their major investors, Barry Honig, who turned RIOT from a biotech into a blockchain company has a questionable track record in terms of getting involved with the wrong companies. And now it seems even he has sold most of his position in RIOT.
Riot Blockchain’s current portfolio: Coinsquare (12.9%) - normal cryptocurrency exchange TessPay(52%) - blockchain-based solutions for telecom companies Verady - accounting for blockchain-based assets Logical Brokerage (92.5%) - futures cryptocurrency exchange Kairos Global Tech and Bitmain - mining companies
None of these companies are particularly impressive. Until a proper publicly traded company becomes available with most of its assets focused on blockchain technology, it is generally better to avoid companies such as RIOT. One could also google to learn how to set up an account on one of the larger and safer cryptocurrency exchanges so one can buy specific blockchain-based companies that have shown impressive results and massive potential. But that is up to each investor in terms of how much time they are willing to commit to understanding the world of cryptocurrencies with all its huge risks and, up to now, even greater rewards.
submitted by HanseCoin to u/HanseCoin [link] [comments]

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Binance is looking to grab more bitcoin mining hashrate to its pool in Russia by partnering with the region's largest mining co-location provider BitRiver. Capturing Petahash: Marathon Obtains 3,300 Bitcoin Mining Rigs, Acquires Fastblock for $22 Million. August 27, 2020. 771. Share. Facebook. Twitter. ReddIt. Telegram. Pinterest. WhatsApp. Advertisment. The Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, has announced it will be purchasing Fastblock Mining in an all stock transaction. The firm’s letter of intent revealed ... Binance is looking to consolidate more bitcoin mining hashrate to its pool in Russia and the Central Asia region. The world’s largest crypto exchange is deploying a physical server node for its pool at BitRiver, the largest bitcoin mining hosting provider in Bratsk, Russia. The move would give miner owners at BitRiver who choose to Capturing Petahash: Marathon Obtains 3,300 Bitcoin Mining Rigs, Acquires Fastblock for $22 Million . The Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, has announced it will ... Binance is quest to consolidate extra bitcoin mining hashrate to its pool in Russia and the Central Asia area. The world’s largest crypto alternate is deploying a bodily server node for its pool at BitRiver, the biggest bitcoin mining net hosting provider in Bratsk, Russia. The transfer would give miner homeowners at BitRiver who select … Cryptocurrency exchange giant Binance is planning to consolidate its Bitcoin mining hash rate within the Russian and Central Asian regions. BitRiver partnership On Friday, BitRiver and Binance announced that the crypto exchange will deploy a physical server node for the BitRiver pool. It is the largest Bitcoin mining hosting provider in Russia, located in Bratsk.

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