Bitcoin Website Editor Hodlonaut Receives Almost $1M in BTC as Craig Wright Case Looms
Hodlonaut, who is set to appear in a Norwegian court next month, has already raised 52.679 bitcoin and $30,000 in donations.
Hodlonaut has received a 47 BTC donation ahead of a Craig Wright legal case. (Sasun Bughdaryan/Unsplash)
Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
Follow @ OKnightCrypto on Twitter
A prominent member of the Bitcoin community said in a tweet they had received a 47 bitcoin ($1 million) donation ahead of a defamation court hearing involving nChain Chief Scientist Craig Wright.
The pseudonymous Hodlonaut, who works as an editor for bitcoin magazine Citadel21, has received a total of 52.679 bitcoin and $30,000 in donations from 1,891 people, according to the tweet.
Hodlonaut 出售和存储加密货币 Bitcoin (BTC) will appear in Norwegian court on Sept. 12 for a case that began in March 2019. Earlier this month, Wright was involved in a U.K. court hearing with bitcoin (BTC) podcaster Peter McCormack. High Court Judge Martin Chamberlain ruled that Wright used false evidence in the defamation case and awarded him damages of 出售和存储加密货币 Bitcoin (BTC) 1 British pound ($1.18).
Several members of the crypto community have shown their support for Hodlonaut with the social media hashtag #WeAreAllHodlonaut. Michael Saylor, the CEO of business-intelligence software developer and bitcoin investor MicroStrategy (MSTR), posted the hashtag on Twitter on the same day the 47 bitcoin donation was received.
UPDATE (Aug. 22, 18:18 UTC): Adds damages award in third paragraph.
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Bitcoin's Mining Difficulty Rises for the Second Time in a Row — It's Now 0.63% Harder to Find a BTC Block
On August 18, 2022, 出售和存储加密货币 Bitcoin (BTC) Bitcoin’s mining difficulty increased again after the 1.74% rise two weeks ago on August 4. At block height 749,952 at 7:07 a.m. (EST) the network’s mining difficulty rose by 0.63% 出售和存储加密货币 Bitcoin (BTC) from 28.17 trillion to 28.35 trillion Thursday morning.
Bitcoin Network Records Second Consecutive Difficulty Increase Since August 4
Finding a bitcoin (BTC) block is a touch more difficult today than it was during the last two weeks as the difficulty adjustment algorithm (DAA) increased by 0.63%. The increase is the second consecutive increase after the DAA jumped by 1.74% two weeks prior, at block height 747,936.
The two increases indicate that it is currently 2.37% harder to find a BTC block than it was prior to August 4, back when the difficulty parameter was at 27.69 trillion. BTC’s hashrate has been running lower in terms of exahash dedicated to the network after reaching an all-time high on June 08, 出售和存储加密货币 Bitcoin (BTC) 2022, at block height 739,928.
At that time, the network recorded a high of 292.02 exahash per second (EH/s) and today, the hashrate is coasting along at 182.40 EH/s. Block 749,952, the block that changed the DAA this week, was discovered by Foundry USA and it contained 2,648 transactions 出售和存储加密货币 Bitcoin (BTC) 出售和存储加密货币 Bitcoin (BTC) and 0.1692 BTC in fees on top of the 6.25 BTC block subsidy.
The two difficulty increases recorded on August 4th and 18th, 2022.
Foundry is the top mining pool during the last 出售和存储加密货币 Bitcoin (BTC) three days, as it commands 46.81 EH/s or 23.70% of the network’s hashrate. Out of 422 BTC blocks found in the last three days, Foundry discovered 100 blocks. The second-largest mining pool today is Antpool with 34.17 EH/s or 17.3% of the network’s hashpower.
Bitmain’s Antpool has found a total of 73 blocks out of the 422 discovered. There are 11 known mining pools today dedicating SHA256 hash toward the BTC chain, and 1.9% of the hash is operated by unknown or stealth miners.
Out of the 422 blocks found in 72 hours, unknown hash discovered eight blocks during that time frame. With the difficulty rises and the lower BTC fiat values, there are fewer bitcoin mining pools mining BTC this week than there were a few months ago.
The most profitable bitcoin mining rig today is Bitmain’s Antminer S19 XP with 140 terahash per second (TH/s), and by paying $0.12 per kilowatt hour (出售和存储加密货币 Bitcoin (BTC) 出售和存储加密货币 Bitcoin (BTC) kWh), the S19 XP gets an estimated $6.21 per day in bitcoin profit.
Using the current 28.出售和存储加密货币 Bitcoin (BTC) 35 trillion difficulty, today’s BTC exchange rates, and $0.12 per kWh in electrical costs, a Bitmain S19 出售和存储加密货币 Bitcoin (BTC) Pro+ Hydro with 198 TH/s gets an estimated $5.36 per day in profit. Microbt’s Whatsminer M50S and 出售和存储加密货币 Bitcoin (BTC) the Whatsminer M50 can get an estimated $2.59 to $3.95 a day in BTC profit.
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What do you think about the Bitcoin network’s difficulty change on Thursday? Let us know what 出售和存储加密货币 Bitcoin (BTC) you think about this subject in the comments section below.
Jamie Redman
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active 出售和存储加密货币 Bitcoin (BTC) member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.
Popular Crypto Analyst Warns Bitcoin (BTC) Poised To Trap Bulls, Updates Outlook on Ethereum (ETH)
A closely followed crypto strategist believes that Bitcoin (BTC) is setting up bulls to believe that the $20,出售和存储加密货币 Bitcoin (BTC) 000 area could be the bear market bottom.
Pseudonymous analyst Pentoshi warns his 600,100 Twitter followers that Bitcoin has touched support around $20,000 three times in span of about a month.
“Things that look safe, but aren’t… Can we go up? Yes. Will these almost certainly get run and or lead into a nuke. Also yes. These almost always setup as a trap for longs that build over 出售和存储加密货币 Bitcoin (BTC) time thinking it’s ‘titanium support'”
Source: Pentoshi/Twitter
In technical analysis, bouncing off a support level multiple times 出售和存储加密货币 Bitcoin (BTC) suggests that a breakdown is in sight as demand at that particular price area gets exhausted.
Pentoshi also says that retail traders likely bought Bitcoin near the top of BTC’s recent rally, indicating more downside risk as those who got in late prepare to cut their losses.
“It’s interesting to note that despite people claiming they bought the bottom, most BTC changed hands at $24,000 where spot was distributed.” 出售和存储加密货币 Bitcoin (BTC)
The crypto strategist also highlights that Bitcoin is now trading below the 200-week moving average, an indicator that has marked the bottom for BTC during its previous bear cycles.
“BTC weekly 200 moving average enjoyooorrsss.”
Source: Pentoshi/Twitter
At time of writing, BTC is swapping hands for $21,400 while the 200-week moving average is hovering above $23,000.
As for Ethereum (ETH), the crypto analyst warns that the leading 出售和存储加密货币 Bitcoin (BTC) smart contract platform just respected a crucial resistance level, suggesting that the downtrend is very much intact.
“The story writes itself. ETH.”
Source: Pentoshi/Twitter
At time of writing, ETH is trading at $1,642, below Pentoshi’s marked resistance at $2,000.
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Bitcoin Website Editor Hodlonaut Receives Almost $1M in BTC as Craig Wright Case Looms
Hodlonaut, who is set to appear in a Norwegian court 出售和存储加密货币 Bitcoin (BTC) next month, has already raised 52.679 bitcoin and $30,000 in donations.
Hodlonaut has received a 47 BTC donation ahead of a Craig Wright legal case. (Sasun Bughdaryan/Unsplash)
Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
Follow @ OKnightCrypto on Twitter
A prominent member of the Bitcoin community said in a tweet they had received a 47 bitcoin ($1 million) donation ahead of a defamation court hearing involving nChain Chief Scientist Craig Wright.
The pseudonymous Hodlonaut, who works as an 出售和存储加密货币 Bitcoin (BTC) editor for bitcoin magazine Citadel21, has received a total of 52.679 bitcoin and $30,000 in donations from 1,891 people, according to the tweet.
Hodlonaut will appear in Norwegian court on Sept. 12 for 出售和存储加密货币 Bitcoin (BTC) 出售和存储加密货币 Bitcoin (BTC) a case that began in March 2019. Earlier this month, Wright was involved in a U.K. court hearing with bitcoin (BTC) podcaster Peter McCormack. High Court Judge Martin Chamberlain ruled that Wright used false evidence in the defamation case and awarded him damages of 1 British pound ($1.18).
Several members of 出售和存储加密货币 Bitcoin (BTC) 出售和存储加密货币 Bitcoin (BTC) the crypto community have shown their support for Hodlonaut with the social media hashtag #WeAreAllHodlonaut. Michael Saylor, the CEO of business-intelligence software developer and bitcoin investor MicroStrategy (MSTR), posted the hashtag on Twitter on the same 出售和存储加密货币 Bitcoin (BTC) 出售和存储加密货币 Bitcoin (BTC) day the 47 bitcoin donation was received.
UPDATE (Aug. 22, 18:18 UTC): Adds damages award in third paragraph.
Read more about
BTC $ 21,377.33
ETH $ 1,636.68
BNB $ 295.89
XRP $ 0.342857
BUSD $ 1.00
Sign up for The Node, our daily newsletter bringing you the biggest crypto news and ideas.
By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent 出售和存储加密货币 Bitcoin (BTC) 出售和存储加密货币 Bitcoin (BTC) operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation 出售和存储加密货币 Bitcoin (BTC) rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.