Category: Mining

Martin Köppelmann, Co-founder of Gnosis, created a smart contract that will detect whether censorship at the protocol level of Ethereum is currently taking place. The script works by a user calling the “deploy” function using an address that may be liable to censorship due to its relationship with sanctioned protocols such as Tornado Cash. The

Bitcoin (BTC) mining’s energy consumption will rise 10x and hit 894 Terawatt-hours (TWh) annually if the flagship crypto’s price reaches $2 million by 2040, according to an Arcane Research report published Aug. 22. The report calculated BTC’s future energy consumption based on bullish, bearish and neutral future scenarios. BTC Estimated Energy Consumption 2022-2040 If the

A Twitter poll by node operator @cryptovium revealed that most Ethereum miners intend to mine Ergo after the Merge. “With the imminent #PoS $ETH merge, I’m curious what all the #miners out there are planning on moving their rigs to.“ The Ethereum Merge is imminent Recent estimates give September 19 as the date the Merge

The hope of a decentralized, open, free internet is in jeopardy right now. This is not hyperbole, FUD, or clickbait. Ethermine, the largest Ethereum mining pool, no longer produces blocks containing Tornado Cash transactions. This is likely due to OFAC sanctions and is an example of censorship at the protocol level. Crypto analyst, Takens Theorem,

Swan Bitcoin founder Brandon Quittem said that Ethereum (ETH) co-founder Vitalik Buterin does not “deeply” understand the Proof-of-Work (PoW) consensus mechanism. 1/ I said “Vitalik never understood PoW deeply” I don’t know if I’m right or wrong, but here are some examples of @VitalikButerin misunderstanding PoW 🧵👇 https://t.co/Uo1oZolpVU — Brandon Quittem (@Bquittem) August 15, 2022

Numbers from Glassnode show that the rising Bitcoin (BTC)price has led to a slowdown in miners selling off their BTC as mining difficulty has seen back-to-back increases of 1% since the beginning of August. “BTC Transfer Volume from Miners to Exchanges” (Source: Glassnode) Miner liquidations started right after the Luna crash in May. The chart

Carbon-free mining company Sphere 3D‘s July 2022 report showed that it managed to keep up with its usual performance in July even though the 4,000 new mining rigs were held back in the U.S. customs during the winter market, where mining companies have been taking significant hits. The company has been expecting 4,000 S19J Pro

New York-based mining firm Bit Digital grew its Ethereum (ETH) holdings by around 594% in July 2022, compared to June, according to its unaudited production update published on August 8. The firm increased its holdings from 313.6 ETH in June to 2,176.9 ETH in July. Consequently, the value of its Ethereum holdings surged from just