Category: Mining

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Ethereum is by far the most popular cryptocurrency for GPU miners. However, there is little time left for Ethereum in its proof-of-work state. It moves to proof-of-stake later this year when it merges with the beacon chain. What will happen to

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Eric Adams, the incumbent Mayor of New York City, plans to ask  Governor Kathy Hochul to veto a bill looking to impose a two-year ban on Proof-of-Work (PoW), Adams told Crain’s New York Business. Speaking out against the New York Assembly

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! For the first time since 2020, Ethereum mining has become unprofitable for many miners connected to a traditional energy grid. The price of Ethereum has dropped below $1,250 while energy prices are skyrocketing. The average cost of electricity in states such

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! As Bitcoin fell as low as $22,600, some mining equipment manufactured in 2019 is no longer profitable, while the rest is barely producing positive returns. Bitcoin (BTC) mining company Bitdeer posted a chart on Twitter showing the price limits for each

Ethereum 2 (Consensus Layer) is set to take a significant step forward as the Merge testnet goes live around June 8. 📣 Ropsten Merge Announcement 📣 Ethereum’s longest lived PoW testnet is moving to Proof of Stake! A new beacon chain has been launched today, and The Merge is expected around June 8th on the

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Bitcoin broke out of its record 9-week trend of closing in the red with its June 5 close at $29,997, barely above the $29,422 level required to be in the green. BTCUSD chart Bitcoin’s price showed a 5% increase for the

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Against the backdrop of fiscal tightening and slowing growth in the crypto industry, Bitcoin miners are selling their holdings. Crypto YouTuber Lark Davies commented that this has been happening since the start of the crypto crash. Usually, miners hold on to

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Ethereum‘s co-founder Vitalik Buterin and Coin Metrics‘ co-founder Nic Carter recently opposed the recent mining ban decision of New York, saying that it’s not okay for governments to decide on what the appropriate usage of electricity is. Carter tweeted that N.Y.’s

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Kenya is looking to become Africa’s first Bitcoin mining hub by inviting Bitcoin mining companies to use surplus geothermal energy to power their operations, according to local media outlet The Standard. KenGen, the largest electric power producer in Kenya, disclosed that

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Lawmakers in New York passed a bill that would ban new Proof-of-Work (PoW) mining operations from setting up shop in the state. The bill is now headed to the desk of New York’s governor Kathy Hochul, who will sign it into