A recent study from Bitcoin research company Batcoinz revealed that the Bitcoin network’s zero-emission impact has increased by 41% since last March and reached up to 62%, while the usage of carbon-negative sources creates a -4.2% impact on the Bitcoin network’s carbon emission. The term carbon-positive indicates that an energy source releases carbon while providing…
Ethermine, the largest Ethereum mining pool in the world, has announced the launch of a staking service on its platform. In an announcement published earlier today, the company said that Ethermine Staking will enable users to earn interest on their ETH as if they were staking it, without having to put down the 32 ETH…
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…
Trends can tell a lot about where an industry has come from and where it’s going. When Bitcoin first launched in 2009, individuals were mining Bitcoin from their laptops, and I personally was mining Bitcoin from a few mining rigs set up in my dorm room. We didn’t know that we’d have to be concerned…
Riot Blockchain, one of Texas’s largest Bitcoin mining operations, earned around $9.5 million in power credits last month by turning off its miners. According to the company’s monthly report, Riot voluntarily curtailed its energy consumption in order to ensure more power would be available to ERCOT, which supplies power to 25 million Texans. Jason Les,…