Blog Archives

Bitcoin mining difficulty set to rise 18% next week

Posted on 19th September, 2014

As bitcoin’s price continues to decline, miners have gotten even more bad news. The projected difficulty is currently expected to jump 17.94% on Thursday, climbing from roughly 29 billion to 35 billion. The network hashrate, the key factor in determining difficulty, has grown dramatically in recent days, rocketing up from 213 Petahash per second to […]

Bitcoin hashrate crosses 200 PH/s … and still climbing

Posted on 19th August, 2014

Strange things are afoot in the bitcoin mining world. The overall hashrate of the network made a gigantic leap today, climbing from an already impressive 171 petahashes per second to an incredible 206 petahashes per second in a matter of hours. For perspective, bitcoin only crossed the 1 PH/s threshold in September of 2013. Put […]

Updated shows greater range of mining pools

Posted on 20th June, 2014

Last week, a single mining pool,, briefly gained over 51% of the hashing power of the entire network. Although several core developers have claimed that a true 51% attack is extremely unlikely, and that the centralization of mining power isn’t the huge problem it has been presented as, this did little to slow the […]

Mining pool giant reaches 50% of bitcoin hashing power

Posted on 13th June, 2014

Yesterday, mining pool giant controlled fully half of the hashing power of the entire bitcoin network. For a distributed network that relies on trustless consensus, having the majority of the “voting” power controlled by a single mining pool is more than a little problematic. Most notably, it opens up the bitcoin network to the […]