News: Crypto Mining

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, […]
The Nvidia System Management Interface (nvidia-smi) is a command line utility, based on top of the Nvidia Management Library (NVML), intended to aid in the management and monitoring of Nvidia GPU devices. It has a number of useful commands for mostly monitoring the status of your Nvidia GPUs, but there are some commands that can […]
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 […]
EthereumPoW (ETHW) is the name of the Proof of Work fork that continued as PoW after the original Ethereum (ETH) has switched to Proof of Stake after the so-called Merge of ETH that has happened on 15th of September. ETHW is mineable on a number of large pools already and is available for trading on […]
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 […]
With the recent switch of Ethereum (ETH) from Proof of Mining (PoW) to Proof of Staking (PoS) there was a big change in the crypto mining landscape. There was an enormous mining power consisting of a lot of Ethash-based ASIC miners and even more GPUs having to be switched to other crypto currencies and nothing […]
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 […]
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. Source: Glassnode The mining difficulty refers to how difficult it gets for miners to validate transactions on the network. The mining difficulty increased […]
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 […]
In 2020 we posted one of the most read articles on our website. It is called Confessions of a Miner: How Much I Made in a Few Years of Mining. In the past two years over a thousand people were reading it daily. The author, an anonymous member of the 2Miners chat, has reached out […]
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 […]
انتظار می‌رود که اجماع اتریوم در اواسط سپتامبر از الگوریتم اثبات کار به اثبات سهام تغییر یابد. این رویداد با نام مرج نیز شناخته می‌شود. هنگامی که این اتفاق می‌افتد، پایان ماینینگ اتریوم اعلام می‌شود و شما دیگر نمی‌توانید ارز اتر را با دستگاه‌های اسیک یا کارت گرافیک استخراج کنید. بیایید نگاهی دقیق به مرج […]
در تابستان امسال، معروف ترین تولید کننده ماینرهای اسیک به نام شرکت بیت مین دستگاه ماینر جدید خود به نام Antminer E9 را برای استخراج اتریوم منتشر کرد. دستگاه E9 میزان هش ریت عظیم 2400 مگاهش بر ثانیه را ارائه می دهد که می تواند با تعداد 25 کارت گرافیک رده بالای انویدیا مثل RTX […]
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 […]
This summer the most well-known ASIC miner producer Bitmain released the new Antminer E9 device for Ethereum mining. E9 delivers a huge hashing rate of 2 400 MH/s which could be compared to 25 of Nvidia’s high-end RTX 3080 graphics cards. With the Ethereum going to POS soon Bitmain has just released the new firmware […]
Monero hard fork, Cryptocurrency node updates, Ethereum ASIC issues, Ethereum Merge news. Node Updates We always keep our cryptocurrency nodes up to date to provide our users with the best mining experience. This is the list of the most important node updates of August. Ergo Protocol Reference Client 4.0.41 Beam Node Groovy Gluon 7.1.13105 Zcash […]
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 […]
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, […]
Recently all Innosilicon A10 ASIC owners reported problems with the Ethereum (ETH) mining. This happened when the Ethereum DAG file size reached 5 GB. No matter how much memory the ASIC has 5 GB, 6 GB, 7 GB, or 8 GB. All of them fail to work right now. In this post, we talk about […]
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 In […]
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, […]
Catching the coveted Bitcoin bottom requires analyzing more than just its price. One of the most reliable indicators of market bottoms has historically been miner data. Often considered to be one of the most resilient players in the crypto ecosystem, miners capitulate only when Bitcoin becomes too expensive to mine. Hash ribbons are a unique […]
Speaking in a closed press conference during South Korea Blockchain Week, Ethereum founder, Vitalik Buterin, called people pushing for a hard fork of Ethereum to retain proof-of-stake “simply trying to make a quick buck.” Justin Sun recently announced support for a hard fork of Ethereum post-merge by listing two new tokens on his Poloniex exchange. […]
New ASIC miners and ASIC firmware for the Ethereum Classic mining, suggested Ethereum merge date announced, ZEC, FIRO, ERGO, XMR node updates, new mining software. ETH and ETC ASIC News Antminer E9 This month Bitmain released Antminer E9, its new ASIC mining device. It is designed for Ethash-based cryptocurrencies, like Ethereum and Ethereum Classic. The […]
The European Central Bank (ECB) published a report on July 14 that covered many points related to Bitcoin and Ethereum mining, including energy consumption and Proof-of-Stake (PoS) as an alternative mechanism. The report, titled “Mining the environment – is climate risk priced into crypto-assets?,” determined that Proof-of-Work (PoW) mining cannot co-exist with “the green transition” […]
July 2022 is definitely a good month for Ethereum Classic. While the cryptocurrency market keeps falling, ETC goes in the opposite direction. In the last 24 hours, the exchange rate increased by 20%, and in the last two weeks it leaped by 169%. With more and more hype around the coin, it doesn’t remain unnoticed […]
Rio de Janeiro’s secretary of finance and planning, Andrea Senko, recently revealed in an interview that her team is looking to spur the adoption of Bitcoin (BTC) by adding the digital asset to the city’s treasury portfolio. What do officials have in mind exactly? Senko believes that by integrating Bitcoin into Rio de Janeiro’s financial, […]
Bitcoin (BTC) mining difficulty is expected to adjust downwards by about 4.5% during the next adjustment window, on July 21 at around 7 p.m. BST, according to an analysis conducted by CryptoSlate using Glassnode data. This event will mark the most significant decrease in mining difficulty since China’s crackdown on Proof-of-Work (PoW) mining in May […]
Numbers from blockchain analytics firm CryptoQuant showed that miners sold 14,000 Bitcoin (BTC) worth roughly $300 million on July 15, the largest amount sold since January. A sell-off trend among miners started in early June, and the amount sold has been growing. Energy problem Miners are mostly forced to sell because the bearish Bitcoin prices […]
Tech giant Samsung said it is currently working on new 3-nanometer(nm) mining chips that will be 45% more energy efficient. The new chips are estimated to have 23% higher performance and are expected to significantly reduce carbon emissions in the mining industry. The company started working on the chips in late 2021, with help from […]
Europe’s mining heaven Sweden looks to re-direct Bitcoin miners’ power to job-creating projects as the country’s energy demand rapidly increases. Sweden’s Energy Minister Khashayar Farmanbar told Bloomberg News: “We need energy for more useful things than Bitcoin, to be honest. We are moving from a period of administration to an extreme expansion where our entire […]
On July 14, the Senate of Paraguay sent a bill to the President’s approval to allow crypto miners to use excess energy and be exempt from Value Added Tax (VAT). If the bill passes by the President, Paraguay might become the next target of the crypto mining companies. Paraguay’s Mister of Technology, Information, and Communication, […]
The recent downturn, along with a myriad of other factors, has put Bitcoin mining companies under pressure to stay operational. According to Politico, miners have also had to contend with interest rate rises and rocketing energy costs, in addition to prices crashing, which means less demand and tighter profit margins. “Rising interest rates, crashing crypto […]
JPMorgan Chase & Co. strategists said that Bitcoin’s (BTC) cost of production is down by almost half to $13,000 presently from $24,000 at the start of June,  Bloomberg News reported July 14, The Nikolaos Panigirtzoglou-led strategists wrote that this decline in production cost is primarily due to the reduction in electricity use. The Cambridge Bitcoin […]
Bitcoin (BTC) hashrate dropped to as low as 159.41 exahashes per second (EH/s) on July 13, its lowest in five months, as Texas-based miners were forced to go offline. According to data from BTC.com, the 27% drop in hashrate is the largest since February 2022. Bitcoin hashrate, which signifies the network’s computing power, has been […]
The President of Kazakhstan signed a bill to apply a differentiated tax rate based on the energy consumption of crypto miners on July 11. The new bill altered the country’s law on Taxes and Other Mandatory Payments to the Budget. The tax rates start at 1 Khazakstani tenge per kilowatt-hours at the lowest (approximately $0.002) […]
Cryptocurrency infrastructure provider Lancium has partnered with Houston-based power producer Broad Reach Power, according to a July 7 statement. As part of the deal, Broad Reach will supply power for a portion of Lancium’s 25 megawatt Texas Clean Campus data center, the statement said. Broad Reach is a leading utility-scale solar and energy storage platform […]
One of the top crypto mining companies, Core Scientific, sold 79% of its Bitcoin holdings in June to survive the bear market. The company sold 7,202 Bitcoins for around $23,000 each, gaining nearly $167 million. According to the monthly company announcement, Core Scientific used the cash to pay for ASIC servers and scheduled debt. As […]
Cryptocurrency miners are considered one of the main drivers of the crypto industry but the latest market downturn has put the profitability of the once-lucrative business into question. Falling crypto prices and rising electricity costs around the world mean miners operate on very tight margins and some might not even be profitable at all, according to […]