GrayScale Investment has announced plans to sell ETHPoW tokens it received from the PoW hard-fork following Ethereum’s transition to proof-of-stake (PoS). Shortly after the Merge on Sept. 15, miners hard-forked Ethereum to launch the Ethereum PoW network. As proposed, ETHPoW tokens were distributed to eligible ETH holders. Two funds owned by GrayScale Investment received a cumulative sum…
Ethereum Classic is getting a fair share of the miners who can no longer mine Ethereum after its consensus mechanism was changed to proof-of-stake following completion of the Merge. The surge of PoW miners into Ethereum Classic post-Merge has increased its hashrate by over 250% in the last 24 hours, according to 2Miners data. As…
Bitcoin’s (BTC) mining difficulty will reach a new all-time high by 8:21 PM GMT on Sept. 13, as Glassnode data analyzed by CryptoSlate predicts a 3.5% increase within the next few hours. Bitcoin: Mining Difficulty (Source: Glassnode) The mining difficulty refers to how difficult it gets for miners to validate transactions on the network. The…
Ethereum proof-of-work hard fork will launch 24 hours following the Merge on September 15, according to a Twitter thread published by ETHW. ETHW Core Announced the Plan for Mainnet#ethereum #ethw #ethereummerge #ethereumfork $ethw $eth #ethpow 1/n pic.twitter.com/cnYOW6l1iU — EthereumPoW (ETHW) Official #ETHW #ETHPoW (@EthereumPoW) September 12, 2022 ETHW is the team behind the Ethereum PoW…
Bitcoin’s highly volatile price has devastated the majority of the crypto market and is now dragging miners down with it. While often considered the foundation of the Bitcoin network and its most resilient players, miners are suffering from rapidly decreasing profit margins. Bitcoin mining difficulty currently stands at just 1% below its all-time high and…
The White House has proposed that the crypto mining industry have some standards to mitigate its environmental effects. In a report titled Climate and Energy Implications of Crypto-assets in the United States, the White House called for standards like miners using clean energy and the need for low energy intensities. The report is a result…
Ethereum Classic (ETC) fell by 13.33% since Sept. 6 after Cardano‘s (ADA) founder Charles Hoskinson suggested Ethereum miners shift to Ergo while Ethereum’s founder Vitalik Buterin said that ETC’s welcoming community made it a good coin to mine. ETC had been trading as high as $41.52, but it fell by 19.73% within half a day…
Cardano (ADA) founder Charles Hoskinson said Ethereum Classic (ETC) is a “dead project with no purpose or compelling argument to exist outside of spite.” I love how a sustainable development fund turns into a miner tax. ETC still gives me sadness for what could have been. It’s a dead project with no purpose or real compelling…
The Bitcoin mining hash rate spiked as high as 298.5134 EH/s on September 4, marking a +60% spike in 24 hours. Founder of fintech research firm Quantum Economics, Mati Greenspan, commented that the surging hash rate posted a new all-time high for the leading cryptocurrency. Huge spike in bitcoin’s hashrate this weekend. New record high…
Bitcoin (BTC) mining difficulty has spiked by 9.26% to 30.98 trillion at block height 751968, the highest since January 2022, according to Glassnode data. Source; Glassnode The metric suggests more miners are joining the network despite the relatively poor performance of the asset in August. Bitcoin mining difficulty is a metric used to measure how…