Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

There’s another reason why Bitcoin is in trouble

Published

on

Bitcoin’s collapse over the past six months has been well noted, but there’s another reason why Bitcoin is in trouble – the ability to mine crypto.

The difficulty of mining cryptocurrency is expected to get worse, with prices rising by around 9%.

Miners in North America have begun ramping up production as the northern hemisphere heads towards the cooler months.

Bitcoin’s difficulty adjusts automatically to keep the time required to mine a Bitcoin block to roughly around 10 minutes.

The higher the hash rate, the higher the difficulty.

Analysts are hopeful next generation machines will outpace the older machines being used in countries to increase the hash rate.

So far this year, network difficulty saw its highest month in January, where it hit 9 per cent.

That’s led many to believe a new seasonal trend is emerging, which could further impact the price.

Crypto.com accidentally transfers $10.5m to woman instead of $100 – READ HERE

“The post-summer network hashrate boom is a result of more efficient hardware being delivered, summer temperatures falling in the U.S. and old-generation machines being delivered to low-cost regions,” said Ethan Vera, chief operating officer at mining services firm Luxor Technologies.

Analysts are hopeful next generation machines will outpace the older machines being used in countries to increase the hash rate.

“When bitcoin price fell in [the second quarter] of this year, many miners in North America and Northern Europe unplugged their mid-generation machines. They then began the shipping process to low-cost regions such as Venezuela, and those machines are starting to get plugged in,” Vera said.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Published

on

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Continue Reading

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

on

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Continue Reading

Money

Netflix expands use of ads despite slow subscriber growth

Published

on

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

Continue Reading

Trending Now