The first episode of the “Bit Talk” podcast discusses recent developments in the world of Bitcoin. Hosted by Akiba and James from CryptoSlate as well as Bitcoin pioneer Nick from Mercury Wallet, the podcast is a bite-sized, easy-to-consume bi-weekly overview of the Bitcoin network.
The Bitcoin Mining Council (BMC) is made up of numerous Bitcoin miners who want to advance the blockchain of the crypto bedrock. "We promote transparency, share best practices, and educate the public about the benefits of bitcoin and bitcoin mining," the company's project page says.
It’s a new all-time high–for Bitcoin mining difficulty. Hot on the heels of the Bitcoin hash rate hitting new highs, the difficulty adjustment, or the complexity that miners must overcome to solve valid blocks, has increased by 13.55%.
Cryptocurrency prices were trading in the green on Tuesday morning as Bitcoin (BTC) and Ethereum (ETH) soared along with other altcoins. Meme coins like Dogecoin and Shiba Inu were also trading with gains.
Ben Gagnon, chief mining officer at Bitfarms sees anything below $20,000 as the price where fair-weather institutional investors retreat from the currency for good, which will help stabilize bitcoin’s current volatility and send it up an upward path.
BitNile Holdings Inc. is expecting its Bitcoin mining production run rate to nearly double by the end of the year. The investment holding company said Monday that its run rate is projected to hit 4.7 bitcoin a day by month's end and 9.3 bitcoin a day by year's end with the help of new miners being installed this month.