Bitcoin hashrate reaches new all-time high
On September 11, the hashrate of the Bitcoin network reached 281.79 Eh/s. This all-time high shows an increasing interest from a wide audience. Because of this, the halving date has been pushed back to Q4 2023.
New highs confirm the statistics. The graph shows that since June the hashrate trend in the network has been growing rapidly, albeit with small “drawdowns”.
At the same time, this also aligns with the conclusions of the previous report that BTC miner revenues rose by 10% in August. The decline in the “farm” is coming to naught, with an increasing number of participants returning to processing blocks.
Looking for best times for mining. Thanks to PoS algorithm Ethereum is almost dead. Hoping new generations of ASIC will give for Btc a new breath
I had read a Dubai based mining firm were switching to Bitcoin mining using GPU because they'll still make some money. Another crypto site mentioned (probably in hopeful earnest) that mining will switch to the smaller coins, which will in turn inflate their value and hence mining interest.
Apparently the global Ethereum mining was equivalent to the Netherlands power consumption but that has been effectively reduced by more than 99%.
Hopefully this will do something to address the fact that over the past several years, Nvidia has been acting like we need them more than they need us, though I personally doubt it. I would also like to think that it'd have a substantive effect on the pricing of videocards, especially the soon to be released ones, since the market has just contracted substantially...but the "free market" never seems to behave like we're told it should when that behavior would benefit consumers. How much you want to bet that the 4090 MSRP is larger than that of the 3090?