There were only 95 blocks generated on the Bitcoin (BTC) blockchain on Sunday, according to data presented by pseudonymous Bitcoin analyst digitalik.net. “In last 10 years we had only 8 days with less than 100 blocks,” the analyst tweeted, referring mostly to the 2017 third-quarter period. In an interview with Cointelegraph, digitalik.net attributed the low block time to the recent Bitcoin halving and the decreased BTC hash rate in particular: “Many miners cannot generate a profit now because their expenses are still the same and income cut in half.” According to the chart provided by the analyst, BTC daily block …
Just before Bitcoin experienced its third halving, which cut the block reward from 12.5 BTC to 6.25 BTC, the miner who extracted the cryptocurrency’s final block had a special message for all HODLers. F2pool, the miner responsible for the extraction of block 629,999, printed a New York Times headline into the Bitcoin (BTC) blockchain just prior to the halving on May 11. The final Bitcoin block with a subsidy of 12.5 BTC was mined by @f2pool_official and contained the following message in its coinbase transaction: 🐟NYTimes 09/Apr/2020 With $2.3T Injection, Fed's Plan Far Exceeds 2008 Rescuehttps://t.co/9dtTrC8YH6 — Jameson Lopp (@lopp) …
The mean block size of the Bitcoin network peaked this month, with the hash rate setting new records before the rewards halving, scheduled in about 10 hours at the time of press. According to data available on blockchain.com, the mean block size of the Bitcoin (BTC) network peaked at 1.341 MB on May 2, with a second smaller peak of 1.312 MB on May 7. The previous all-time high (ATH) was in December 2019, at 1.314 MB. Source: blockchain.com With the halving approaching, the Bitcoin network is likewise seeing a significant increase in fees, possibly to prioritize transactions. The average …
Despite being over a decade old, Bitcoin (BTC) is still not particularly easy to understand. Even major BTC bulls like Tim Draper have admitted that Bitcoin still lacks ease of use for mainstream adoption. In the same vein, two key figures in the community held an informal Twitter debate over Bitcoin’s complexity today. Debate intro: Cuban might change his mind about Bitcoin if it gets so easy that “grandma can use it” Mark Cuban, one of the most well-known Bitcoin sceptics, prefers to own bananas than invest in bitcoins. Cuban previously criticized Bitcoin’s complexity in an interview with Anthony “Pomp” …
Bitcoin (BTC) has been unable to close above $32,000 for the past 28 days, frustrating bulls and pushing the Fear and Greed index to bearish levels below 10. Even with June 6’s small boost, the tech-heavy Nasdaq stock market index is down 24% year-to-date. Investors who keep a close eye on regulatory development were possibly scared after New York state made clear its intention to regulate the crypto industry, including Bitcoin mining. On June 2, New York Attorney General Attorney Letitia James issued an investor alert against "risky cryptocurrency investments," citing the assets' volatility. According to Cointelegraph, the attorney general …