Mining Newsletter Nov 21
10 reasons bitcoin is going to make it, difficulty adjustment #379, a brief tour of mining news & the auction of the day
Remember, remember that this was November!
In times like these it's useful to step back: why are we here?
- Bitcoin is an open, transparent, and rules-based monetary system
- Scarcity: issuance cuts in half every four years
- Independent, cross-border, digital hard money
- We control our own money
- Sending it directly to whoever we choose
- Even if things around it get worse, Bitcoin stays true
- Ticktock, every block
- Simple and robust incentives
- Straightforward, elegant, and secure
Don't forget. Connect directly to miners and receive fresh bitcoin at a fair price.
Difficulty Adjustment #379
Sunday, Nov 20th, 2022
Block Height: 764,064 Difficulty: 36.95 T +0.51%
Hashrate: 264 EH/s Block Interval: 598 seconds
Difficulty Period: 13.97 days Hashprice: 348 sats/TH/day
7-day SMA of network hashrate has slid slightly in the last week.
Mining News
- Iris Energy shuts down 3.6 EH/s after defaulting on loans Datacenter Dynamics
- FBI arrests founders of Hashflare cloud mining platform in Estonia AMBCrypto
- New lows in bitcoin held by miners: increased miner sell pressure Coindesk
- Bitmain-backed Bitfufu, founded by Jihan Wu, entangled as FTX creditor Forbes
Today’s Auction
Spain Mining
290 TH/s | 30 Days
Bidding ends: November 21 at 7:00 PM EST
