New coins miners such as Hive are likely considering mining ETC and ETHPoW, according to Valkyrie Investments’ head of research Hut 8 Mining ready to pivot 180 GPUs mining ether to focus on artificial...
Tag: Miners
Ethereum Merge to ‘swamp’ other coins with miners — Mining CEO
The Ethereum network’s transition from a proof-of-work (PoW) consensus is likely to flood the crypto industry with out-of-work Ether (ETH) miners, causing severe disruption to all PoW tokens. Speakin...
Ethereum Classic (ETC) Price Surges as Miners Flock Anticipating Merge
Ethereum Classic (ETC) has broken out from a short-term pattern and is approaching a crucial resistance area at $45. The ETC hash rate reached yet another new all-time high on Tuesday. One of the reas...
Large Ethereum Miners Look to Cloud Computing, AI Ahead of The Merge
The miner already has a test pilot project running at a “Tier 3” data center, where a portion of the Nvidia A40 GPU cards are being applied to cloud computing. “These cards [A40] can...
Ethereum merge to “flood” other coins with miners- Andy Long –
The Ethereum Merge could push several crypto miners to abandon their costly mining rigs. The Update is likely to be launched between September 10-20. The conversion from the proof-of-work consensus of...
Bitcoin Price at Risk of Dropping Below $15K as Miners Sell Over 4000 BTC – Coinpedia – Fintech & Cryptocurreny News Media
As its price fell towards the end of August, Bitcoin [BTC] had a difficult time. But September has brought some brighter days, as the cryptocurrency’s last seven-day performance did not see much downs...
Ethereum Miners Realized $756M in August Pending The Merge
Miners on the Ethereum blockchain have made the sum of $756 million while gearing up for The Merge which will take place later in this month. According to a report from The Block Research, the miners ...
Ethereum miners made $756 million in revenue in August ahead of the Merge
Ethereum miners generated $756 million in revenue in August, up 37% from July’s$545 million revenue. Just over $30 million of that amount constituted transaction fees — that is, ETH paid for tra...
The Bitcoin Hashrate Difficulty On The Rise as the Miners Increases
August Markting Bitcoin’s Worst Performance The biggest cryptocurrency, Bitcoin, or BTC, is still struggling, and new situations are being experienced in the market. While investors worried that the p...
Ethereum Miners Made $756 Million in August Ahead of ‘The Merge’
The new protocol upgrade ‘The Merge’ from Ethereum is soon to be launched on Sept 15th, 2022. Megre will help the ethereum blockchain to shift from Proof-of-Work to Proof-of-Stake. However, even...
Bitcoin Faces Increased Selling Pressure As Miners Sell Over 4,000 BTC
– Advertisement – Bitcoin price faces increased selling pressure. In a tweet on Friday, crypto analyst Ali Martinez highlights that Bitcoin miners have sold about 4,586 BTC in just three...
Bitcoin Bearish Signal: Miners Move 4.4k BTC to Binance
On-chain data shows Bitcoin miners have moved around 4.4k BTC to Binance, something that may prove to be bearish for the price of the crypto. Bitcoin Miner To Exchange Flow Has Spiked Up Over The Past...
Ethereum miners are not ready to jump ship, ‘why’ might surprise you
Ethereum [ETH] mining has been the most profitable option for miners in the recent past. However, with the upcoming Merge, there has been a lot of speculation about ETH miners jumping ship. There have...
Bitcoin miners revive blocks but there’s a ‘power tussle’ in play
Bitcoin [BTC] mining activities plummeted since complaints of excessive power demand followed the process. This same power generation demand was what led to the block difficulty reaching a new high ea...
Bitcoin Miners’ Profitability May Narrow as Mining Difficulty Hits Second-Biggest Increase This Year
The hashprice, a metric coined by mining services firm Luxor Technologies that measures revenue per terahash of computing power, has dropped dramatically in the last month and particularly in the past...
Miners To Experience An All-Time High Bitcoin Mining Difficulty, What’s Next?
Bitcoin, a proof-of-work (PoW) blockchain, depends on its mining process to ensure the security and stability of its network. This involves the activities of miners that utilize special mining machine...
Bitcoin Hashrate, Block Problems, Struck Landmarks, But What Do Miners Get?
The hashrate of bitcoin has touched a new bar in the past two months Currently, the bitcoin mining hashrate was at 269.31EH/s The Bitcoin [BTC] hashrate has scaled a new height – an extremity, when it...
Will Ethereum Classic Prove to be Next Best Shelter for Ethereum Miners?
With the Ethereum Merge approaching the final Bellatrix upgrade was pushed, earlier this week. Miners have started looking for alternatives since the highly-anticipated upgrade will vanish the ETH min...
Texas Crypto Miners Texas Receive Massive Electricity Request From Crypto Miners
Crypto miners are trooping into Texas to request more electrical power. The Electricity Reliability Council of Texas stated that the increased demand is over 30% of the expected demand estimated over ...
Is Ethereum Classic [ETC] the next safe haven for ETH miners? Here’s speculating
The last and final Bellatrix upgrade was pushed earlier this week, as we approach the date of the Ethereum [ETH] Merge. With the Merge putting an end to the ETH mining community, miners are searching ...
Bitcoin [BTC] hashrate, block difficulty, hit landmarks but what do miners get?
Bitcoin [BTC] hashrate reached a new milestone — a point it has found difficult to attain since 8 June. According to CoinWarz, the BTC hashrate hit new highs in over two months. The hashrate, which pr...
Miners Eye Ethereum Classic Activity as Merge Nears
Holders of Ethereum Classic (ETC) are cautiously watching the mining activity of its blockchain, as the approaching merge of Ethereum (ETH) and its transition to the proof-of-stake consensus mechanism...
Declining Bitcoin Market & High Energy Costs Creates Mayhem for Bitcoin Miners
CryptoWinter is getting lethal every single day. With a constant fall in the crypto market and currencies like Bitcoin and Ethereum everyone is getting severely affected. Whether we consider market pa...
Bitcoin Miners Continue To Dump ! More Pain Ahead For BTC Price ?
The approaching Ethereum Merge is the focus of the cryptocurrency market, but Bitcoin miners seem to be anticipating a bleak future. The Ethereum Merge is expected to spark a bullish trend in the cryp...
Short-Term Signs of Worry for Bitcoin as BTC Miners Balance Turns Negative
Bitcoin’s price has failed to overcome the critical resistance level at $25,000 and has since retraced to where it currently trades at $21,500. Since August 15th, the cryptocurrency has lost about 15%...
Bitcoin Bearish Signal: Miners Continue To Dump
Data shows the Bitcoin miner reserves have continued to trend downwards recently, suggesting that miners have been dumping their coins. Bitcoin Miners Have Been Withdrawing From Their Wallets In Recen...
Energy Costs Are An Increasing Concern For Cash-Strapped Bitcoin Miners
Bitcoin miners have been having one of the worst go at it since the price decline of BTC. They have had to watch their revenues plummet to yearly lows after having an incredible year in 2021. In light...
A Bear Market Survival Strategy for Crypto Miners; Bitcoin, Ether Prices Remain in Holding Pattern
Another bitcoin miner, Mawson Infrastructure (MIGI), said it generated $1.8 million in unaudited revenue by engaging in similar types of strategy as Riot. “When energy prices are low, Mawson engages i...
Here’s How the Ethereum Merge Will Impact Miners
The date for Ethereum’s transition from a Proof-of-work based consensus mechanism to a proof-of-stake mechanism is inching closer. The change is being done to lower the energy consumption, and carbon ...
Crypto miners fined about $1.7 million in Russia
Authorities of Irkutsk, Russia, have fined heavily on crypto miners. Power utilities have also filed hundreds of legal actions. Crypto mining is now a successful and profit-making business for several...
Crypto Miners in Russia’s Irkutsk Region Fined Almost $1.7 Million This Year – Mining Bitcoin News
Authorities in the energy-rich Russian region of Irkutsk have imposed hefty fines on crypto miners this year for illegal use of electricity to produce digital currencies. Power utilities have also fil...
Miners of PoW Prefer to Mine Ergo Instead of Ravencoin or Ethereum Classic After Merge
Ergo is a widely popular choice pulling in almost half of the votes at 45.5% The date for Ethereum Merge is 19th September 2022. Ethereum Merge Will Live Soon Perhaps the wait for the Ethereum Merge...