Category: Mining

During a recent interview, Ethereum co-founder Vitalik Buterin shared his views on how he would have gone about launching Bitcoin. Surprisingly, Buterin said even though Proof-of-Stake (PoS) has its advantages, especially regarding environmental impact, he thinks Satoshi Nakamoto’s decision to go with Proof-of-Work (PoW) was the right thing to do at the time. But given

China’s Bitcoin (BTC) crackdown drove the lucrative business out of the country and helped establish the US as the heart of the mining operations, data from the Cambridge Centre for Alternative Finance reveals. According to the Cambridge Bitcoin Electricity Consumption Index (CBECI), which provides a real-time estimate of the total electricity consumption of the Bitcoin

The world is growing increasingly pro-Bitcoin as the latest data has shown that the flagship digital asset settled over $30 billion worth of transactions in one day beating that of other payment gateway systems like that of MasterCard and Visa. Bitcoin settled $31 billion transactions in a day While the network has witnessed a drop

Last week, Ethereum devs Tim Beiko and James Hancock posted proposal 4345 to delay the difficulty time bomb until May 2022. The difficulty time bomb refers to a process that would make Ethereum mining increasingly harder to do. The idea is to arrive at a point where mining is no longer profitable. When that happens,

Months after China kicked out crypto miners citing environmental concerns of the industry, a report from Foundry USA has shown that miners emigrating to the United States are seeking renewable energy sources for their operations. New York is attracting BTC miners According to the report from the biggest mining pool in North America and the

Ethereum (ETH) miner balances continue increasing, as the metric reached a 50-month high, according to a behavior analysis platform Santiment. The on-chain and social metrics analysis provider pointed out that the amount of Ethereum held by miners reached the highest level since July 2016.  Miners hoarding almost $2 billion worth of ETH  The amount of

‘Green mining’ crypto maker Chia Network valued at $500 million ahead of possible IPO Chia Network, the firm behind recently launched home mining-friendly cryptocurrency XCH, has raised $61 million in a Series D funding round led by Andreessen Horowitz (a16z) and Richmond Global Ventures, Bloomberg reported today. 2 min read →

The President of Belarus Alexander Lukashenko has urged citizens to mine cryptocurrencies instead of moving abroad to pursue low-paying farming jobs. Speaking at the opening of the Petrikovsky mining and processing plant on August 27th, Lukashenko said that the country had ample energy resources that are waiting to be put to good use. He referred

Half a billion dollars worth of Ethereum (ETH)—the world’s second-largest cryptocurrency after Bitcoin by market cap—have now been ‘burned’ after last month’s Ethereum Improvement Proposal (EIP)-1559, data from multiple sources show. The EIP-1559, an upgrade designed to improve pricing mechanisms by including a fixed-per-block network fee that is burned, went live last month and has