The Bitcoin mining pool Poolin on Sept. 6 announced liquidity problems and subsequently suspended withdrawals, flash trades, and internal transfers from its network. Mining pools collate processing power from contributing miners to generate block rewards more quickly and consistently versus “going alone.” The rewards are distributed in proportion to the members’ contribution (or donated processing…
Riot Blockchain, a Bitcoin mining company based in Texas, produced 355 BTC in September this year. The news is part of Riot’s unaudited production and operations updates for last month, in which the company disclosed its BTC holdings, sales, and profits. According to the announcement, Riot’s 355 BTC production represents a 13% decrease as compared…
Bitcoin’s (BTC) hashrate has spiked to a new all-time high amid the current bear struggles of the broader crypto market. According to Glassnode data, as analyzed by CryptoSlate, BTC’s hashrate touched 244.25 EH/s on Oct. 3. Bitcoin mean hash rate (Source: Glassnode) In the seven days, the miners responsible for most of the hashrates were…
The Cambridge Centre for Alternative Finance (CCAF), which tracks the electricity consumption of Bitcoin (BTC) mining, added the sources of energy in a major update on Sept. 27. According to the data, the sustainable electricity mix in bitcoin mining declined by 13% in 2021, compared to 2020. Electricity from natural gas and nuclear energy saw…
Crypto miners who initially flocked to GPU-compatible proof-of-work tokens after the Ethereum (ETH) Merge are fleeing those networks after the value of their tokens fell, according to available data. Ethereum Cash Ethereum Cash (ETC) has seen its hash rate drop to 157.51TH/s after peaking at 303.7 TH/s on the day after the merge — Sept….
Bitcoin (BTC) mining data center operator Compute North filed for Chapter 11 Bankruptcy, adding that CEO Dave Perrill resigned earlier in September. The firm reportedly owes $500 million to about 200 creditors and has assets valued between $100 and $500 million. Compute North filed for bankruptcy on Sept. 22 and will continue operations as it…
Gaming-focused blockchain, Zilliqa announced that it has launched a web3 gaming console prototype with an in-built crypto miner and web3 wallet. The layer-1 network stated that the move is designed to “onboard millions of non-crypto natives into the blockchain gaming ecosystem.” Source: Zilliqa Following its recent partnership announcement with Zilliqa, the Xborg founder, Louis Regis,…
Institutional crypto lending protocol Maple Finance teamed up with Icebreaker Finance to launch a $300 million lending pool to finance accredited bitcoin mining firms across North America, Canada, and Australia. The lending pool launched on Sept. 20 and targeted mid-sized bitcoin mining and infrastructure providers. The loans will be repayable over a 12-18 months period…
The Ethereum community is reviewing the nature of the recently announced $160 million Wintermute hack and has stumbled upon a potential attack vector. One of Wintermute’s addresses has the properties of a vanity address which could be the root of the vulnerability. wintermute’s address had 7 leading 0’s according to @k06a‘s estimation, can brute for this…
A replay attack against Omni bridge resulted in a hacker exploiting 200 WETH from the Ethereum PoW chain. On Sept. 18, security firm BlockSec identified a replay attack launched against the Ethereum PoW chain. The attacker transferred 200 WETH from the Ethereum PoS chain through the Omni bridge. The transaction was reportedly replicated on the…