Mining - The Urban Mine

Minority Mining Pools Threaten to Collude Against Contentious Ethereum Update

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Posted on January 21, 2021January 30, 2021

A small band of Ethereum miners are trying to pick off larger mining pools’ subscribers in a bid to shoot down EIP 1559. (Shutterstock) Jan 21, 2021 at 8:32 p.m. UTCUpdated Jan 21, 2021 at 8:54 p.m. UTC Minority Mining Pools Threaten to Collude Against Contentious Ethereum Update Ethereum miners have formed a cartel of

How To Still Mine Ethereum With AMD Radeon RX 400/500 Series 4GB GPUs

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Posted on January 21, 2021January 30, 2021

AMD’s Radeon RX 470/480 and RX 570/58 with 4GB of video memory can still be used to mine Ethereum (ETH), even though the DAG size is already a bit over 4GB which is more than the video memory available on these GPUs. The current Ethereum DAG epoch number is #389 and the size of the

Data shows Bitcoin mining difficulty flat despite near 300% gains in price

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Posted on January 19, 2021

Today sees the Bitcoin bulls mounting a fightback following the weekend slide. Although the leading cryptocurrency is up a relatively modest 3%, it’s still welcome news considering the pain of last week’s sell-off. Despite recent turbulence, Bitcoin’s macro performance has been nothing short of remarkable since the end of Q3 2020. While the lead up

How crypto mining datacenters could create a more self-reliant food chain in the Nordics

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Posted on December 23, 2020

There’s no more hopeful image than an oasis in a desert. But what about a warm greenhouse in a Nordic winterscape? There’s a greenhouse in Northern Sweden that may be the future of sustainable, year-round farming, and the heat is coming from an unlikely source: Cryptocurrency mining. Crypto Mining Excess and Opportunity Mining for cryptocurrency

Bitcoin (BTC) pump to $18k pushes miner revenues to pre-halving levels

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Posted on November 19, 2020

The recent BTC run has borne good news for two important parts of the Bitcoin ecosystem — investors and miners. Data from on-chain tracking firm Glassnode shows miner revenues are back at pre-halving levels, i.e. before May 12 of this year. These are the same as when block rewards were double those of today. #Bitcoin

Ripple CEO cautions against institutional Bitcoin investments in Biden era

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Posted on November 11, 2020

Ripple CEO Brad Garlinghouse took a dig at companies buying Bitcoin last week as the climatic effects of proof-of-work cryptocurrencies, like BTC, may be met with stern regulations if Democrat Joe Biden is elected as the US president. At press time, Biden has 290 electoral votes in the US against Republican Donald Trump’s 214 —

The challenges of large-scale crypto mining

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Posted on November 6, 2020

It’s the question every business asks at some point: How do I scale? But crypto mining isn’t just any other business and comes with its own set of scaling issues to consider. You can try scaling alone, but you’ll be spending more time tinkering with cooling systems and software than productively mining. Wasted time like

How COVID-19 has impacted crypto mining operations

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Posted on October 31, 2020

2020 has become the year of the pandemic, and COVID-19 has affected nearly all reaches of life, including the cryptocurrency industry. To add to the uncertainty, right in the middle of the pandemic the Bitcoin halving occurred. We’ve seen hash rates and the price of Bitcoin fluctuate in the past few months — is COVID-19

DeFi Has a Front-Running Problem. Sparkpool’s Potential Fix Is Launching This Month

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Posted on October 1, 2020January 30, 2021

DeFi Has a Front-Running Problem. Sparkpool’s Potential Fix Is Launching This Month Ethereum mining pool Sparkpool will launch its new mining network, Taichi Network, complete with a “private transaction” feature in October, CoinDesk confirmed with Sparkpool co-founder Xin Xu. The network “will gradually go online” this month in what could be one solution to decentralized

Record $166M Ethereum Fees Last Month Were 6 Times Bigger Than Bitcoin’s

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Posted on October 1, 2020January 30, 2021

Oct 1, 2020 at 10:57 UTCUpdated Oct 1, 2020 at 12:55 UTC Ethereum art (CoinDesk archives) Ethereum miners earned over six times more in fees compared to those working on Bitcoin in September. Glassnode data shows Ethereum’s total transaction fees stood at an all-time high of $166 million for the month – far more than

Category: Mining