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Category: Bitcoin mining

Elon Musk Claims Bitcoin Mining Is Centralized, Is It True?

Elon Musk has become the talk of the crypto town owing to his recent face-off with Bitcoiners on Twitter and a subsequent meltdown where he first made bizarre claims about Bitcoin’s ‘per-transaction’ cost and later even threatened to go all-in Doge. Among many claims, one that got the attention was his claim of centralization in

The post Elon Musk Claims Bitcoin Mining Is Centralized, Is It True? appeared first on Coingape.

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Bitcoin Hashrate of Major Chinese Mining Pools Drops Rapidly

Bitcoin network’s hashrate recorded a rapid drop today across major Chinese mining pools including f2pool losing 11.26% a spool lost 16.23%, Binancepool recorded a decline of 14.38%, and Huobipool lost 23.68%. The rapid decline is being attributed to another power outage in Sichuan province. Industry insiders claimed the decline might be temporary and might bounce

The post Bitcoin Hashrate of Major Chinese Mining Pools Drops Rapidly appeared first on Coingape.

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