New York Governor Kathy Hochul has signed a bill cracking down on crypto mining in the state. The bill imposes a two-year moratorium on new permits for proof-of-work mining operations that rely ...
Tag: Proof-of-Work
Proof of security? Gensler eyes proof of stake after The Merge
Ethereum’s successful shift from proof of work to proof of stake was a public relations win for the cryptocurrency thanks to dramatically shrinking the network’s energy consumption. But the most infl...
On-chain Trends 24 Hours After The Merge
September 16, 2022, 10:31AM EDT • 4 min read Quick Take The hashrates of multiple proof-of-work networks such as Ethereum Classic surged to record levels on the day of The Merge. Ether borrow rates ha...
A Comprehensive Look at Ethereum and The Merge: Part Two
September 12, 2022, 3:42PM EDT • 14 min read Quick Take The Ethereum network is just days away from the merge, where it will finally transition from proof-of-work (PoW) to proof-of-stake (PoS) consens...
The Merge gets rid of ‘proof of waste’
Ben Edgington’s career has run the gamut from academia through supercomputing, and now working on Ethereum. The Merge is just the latest stop on his journey. After joining ConsenSys in 2017, Ed...
White House report proposes possible restrictions on proof-of-work crypto mining
A new White House report encouraged a broad policy push to reduce greenhouse gas emissions and urged the use of clean energy by U.S. crypto mining companies — and potentially more restrictive measures...
One Chart You Must See
Bitcoin getty Most eyes are on Ethereum ETH with the “merge” imminent. That will likely be a moment of serial unintended consequences. I’m not a fan of proof-of-stake (POS), it runs against the foundi...
Why The Merge won’t solve Ethereum’s scaling challenges
Ethereum’s pivot from proof of work to proof of stake is imminent. But despite common belief, the event, known as The Merge, will not solve the network’s scalability challenges. This pivot, schedule...
Potential Ethereum proof-of-work fork unlikely to succeed, says Vitalik Buterin
The potential upcoming Ethereum proof-of-work fork is unlikely to have substantial long-term adoption, according to Ethereum co-founder Vitalik Buterin. The idea of a fork gained traction over the pas...
House, Senate Democrats push regulators to demand data from Bitcoin miners
A group of Congress members including US Sen. Elizabeth Warren and US Rep. Jared Huffman sent a letter to the Department of Energy (DOE) and Environmental Protection Agency (EPA) Friday asking regulat...