Category: Mining

Despite the decline in mining difficulty, Bitcoin (BTC) miners are facing harsher conditions in the market due to the rising costs of energy and hardware, Coin Metrics’ special State of the Network reveals. Coin Metrics said that the BTC mining hash rate has been stable despite the price decline. Hash rate is the computational power required

Compass Mining, a hosting company offering managed mining services to Bitcoin (BTC) miners, announced that both its CEO and CFO have resigned. The company said it has gone through “multiple setbacks and dissapointments” that have detracted from its mission. The ongoing restructuring will help it regain the trust of its shareholders and users, Compass said

MThe Ethereum network is scheduled to undergo the Gray Glacier upgrade at a block height of 15,050,000 — expected to occur on June 30 at approximately 11:00 BST. During this time, exchanges will temporarily stop Ethereum and some ERC-20 services for a short period, including deposits and withdrawals. Holders should consult their exchange for specific

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Compass Mining is a Bitcoin (BTC) hosting company offering managed mining services to Bitcoin miners. Customers can purchase ASIC miners from the Compass website and have them installed at one of several locations. One such facility is owned by Dynamics Mining

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Electricity consumption on some of the biggest crypto networks dropped by as much as 50%, as depressed token prices forced miners to shut shop, according to the Guardian. Crypto miners are feeling the pinch The recent sell-off was a brutal reminder

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! According to PC Gamer, crypto miners are dumping their GPUs in increasing numbers as token prices falter during the downturn. The knock-on effect has seen a steady decrease in the cost of graphics cards as the market gets flooded with availability.

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Five U.S. Senators have sent a letter to the White House’s Office of Science and Technology Policy (OSTP), requesting the entity to restrict energy use for Proof-of-Work (PoW) crypto miners. The Senators — Sheldon Whitehouse, Elizabeth Warren, Tina Smith, Jeff Merkley,

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Bitcoin miners are selling their earnings to keep up with the increasing operating costs. As the electricity prices continue to increase and Bitcoin follows its downtrend, miners can’t afford to HODL anymore. Bitcoin Miners’ Wallet Balances The sell-off trend started in

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A recently published study compared Bitcoin’s and traditional finance’s energy requirements to find that Bitcoin currently uses 56 times less energy. Even with the current PoW system, one Bitcoin transaction is five times more energy-efficient than a classical transaction. Results of

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A new research paper published by the Bank for International Settlements has equated miner extractable value (MEV) to illegal activities in traditional markets like front-running and sandwich trades. MEV refers to profits that miners can earn by choosing which transactions to