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Tuesday 5th November 2024
Fear & Greed: 70 Price: $69,500 or £53,500 Hashrate: 722 EH/s I was going to post this F&G update this morning but I never got around to it because of work. And I’m glad I didn’t because in the afternoon, Bitcoin saw a spike in price which saw it hit 70k. Risk happens fast. Now,…
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Monday 4th November 2024
Fear & Greed: 70 Price: $68,000 or £52,500 Hashrate: 730 EH/s The hashrate has fallen by around 30 EH/s since yesterday and Bitcoin’s relatively short dip in price may be responsible for it. Bitcoin mining is a competitive, cut throat business and those than cannot get the cheapest energy possible are often bucked from the…
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Bitcoin Fundamentals:
Introduction When people ask questions about Bitcoin, they usually ask ‘what is it?’ or ‘how does it work?’ Jack Dorsey, the founder and former CEO of Twitter, described the Bitcoin white paper as one of the most seminal works in computer science over the last twenty or thirty years. He even went further and described…
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Sunday 3rd November
Bitcoin F&G: 74Price: $67,500 or £52,500Hashrate: 760 EH/s Bitcoin continues to dip as the upcoming US elections weighs heavy on the market. From a personal viewpoint, it provides an important last buying opportunity, not least because of the following chart provided by InvestAnswers: What this means is that if this trend continues, then bitcoin, after…
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Saturday 2nd November 2024
Bitcoin F&G: 72 Price: $69,500 or £53,800 Hash rate: 766 EH/s I am going to be including the hash rate of the network in my log from now and I will be writing a post that details exactly what the hash rate is and why it is an important factor for the Bitcoin network.
