As many bitcoin mining firms struggle to remain operational, CleanSpark is poised to emerge from this bear market stronger than ever.
A technical and in-depth analysis of the trade-offs that Ethereum’s consensus mechanism makes in its switch to proof-of-stake and how proof-of-work differs.
Presales offer a chance for users to purchase tokens before the cryptocurrency launches. It is a good indication of how well the crypto could perform in the future. The Moshnake (MSH) presale has just begun and is already garnering a lot of attention as it aims to revive the Play-to-Earn (P2E) sector. So, how does […]
Crypto enthusiasts are always looking for ways to improve their portfolios. Some cryptocurrencies offer a higher return potential than others, making it hard to choose which one to pick for your portfolio. Presales present the best opportunity to get involved in a cryptocurrency while the token price is low. Tamadoge (TAMA) is a new P2E […]
In recent weeks, Lucky Block has emerged as a leading crypto and NFT competition site. The LBLOCK token has been profitable for certain investors due […]
Pierre Poilievre is poised to become Canada’s first Bitcoin-supporting prime minister.
According to Watcher Guru, we are only 12,554 away from the Ethereum Merge, which is expected to happen at 1:09 on September 15 (CST). By then, Ethereum will have transitioned to PoS, a major blow to PoW miners in the network. The Merge will force PoW miners that operate the $19 billion mining business to find alternatives. Source: https://watcher.guru/ethmerge Recent data shows that Ethereum miners are fleeing from the network. Right now, the average computing power of the whole Ethereum network stands at 854 TH/s. Trending downwards during the past week, the figure has dropped by about 19% from the peak in May. Ethereum’s massive PoW hashrate is of great significance to the entire crypto mining industry, and the ETH hashrate will shift to other PoW coins once Ethereum shifts to PoS, which may reshape the whole mining sector. Facing the impending transformation of the mining sector, Ethereum miners might exclude themselves from the shift to PoS by the Ethereum community to protect their own interests. From this perspective, PoW miners on Ethereum might root for a hard fork to preserve the existing PoW chain and generate a new coin. However, such a fork coin can be problematic in terms of risks and security. If Ethereum is forked, projects within today’s largest crypto ecosystem will have to make a choice. Meanwhile, multiple mainstream projects, covering the two stablecoin issuers Tether (USDT) and Circle (USDC), the oracle ChainLink, and the on-chain lending protocol Aave, have stated their support for the PoS chain. Without support from popular projects, the PoW chain will be worthless. Of course, some miners might choose to accept the reality and switch to ETC. The DAO hack split the Ethereum community into the ETH camp and the ETC camp. The two now differ in terms of algorithm, and ETH mining machines might need to go through firmware updates to become compatible with ETCHASH, the ETC mining algorithm. Despite that, there is no technical barrier between ETH and ETC, and it is cheap to switch from one to the other. As such, it is foreseeable that the ETC hashrate will soar after the Merge. In response to the current boom of ETC mining, many pools, including ViaBTC, have been offering mining benefits. Back in early September, ViaBTC Pool announced that it will terminate the pool’s PoW mining service and the revenue calculation of ETH when the TTD reaches a set threshold. The pool said that asset management functions such as ETH deposits & withdrawals and conversion, as well as ETH financial services that include hedging and loan, will remain available. It also recommended the ETC pool to miners who plan to continue with their PoW mining operations. To help miners switch to ETC mining, ViaBTC has partnered up with Bitdeer, a top mining service provider, and offered a major benefit: a free trial of the MiningOS firmware. All ViaBTC users can benefit from the six-month free trial of MiningOS, which will help miners minimize costs and maximize returns. Featuring simplicity, enhanced security, and high yields, MiningOS is an innovative firmware for GPU mining developed by the Bitdeer Group. The product is simple in that it allows miners to deploy their mining operation with one flash drive for downloading the image file, without having to go through the complicated code burning process. Backed by a top mining brand, MiningOS supports SSL connection and emphasizes security and privacy protection. Having been tested on a large number of GPU mining machines, MiningOS ranked second in terms of average revenue, and the figure is more than 2% higher than that of the second-place winner. Over time, the seemingly small difference will be translated into a substantial increase in revenue. Join the event at https://minerplus.bitdeer.com/miningos Try out MiningOs for free: Click on the link or scan the QR code in the above picture to open the event page; Register and log in to your Bitdeer account; Install and deploy the MiningOS firmware; Contact customer service and apply for ViaBTC-exclusive benefits; Select ViaBTC Pool in the mining configuration; Enjoy the superior mining experience brought by MiningOS-enabled smart mining and hashrate boost. CPUs covered GTX 3070, GTX 3080, and GTX 1660s Target crypto ETC How to install MiningOS: You can click on the link below for the specific installation instructions or get help from customer service on the Bitdeer website: https://bdminerplus.zendesk.com/hc/en-us/articles/9876983152921-MiningOS-Installation-Tutorial About Bitdeer Bitdeer Group is the world’s leading provider of digital asset mining services. It was founded by Jihan Wu, a renowned pioneer in the cryptocurrency industry, along with Sequoia Capital, IDG and other well-known blockchain investment institutions. The group consists of two service platforms, “BITDEER” and “MinerPlus”, which provide a full range of mining services that include hashrate sharing and smart mining solutions. About ViaBTC ViaBTC, founded in May 2016, has provided professional, efficient, safe and stable cryptocurrency mining services for over one million users in 130+ countries/regions around the world, with a cumulative mining output value of tens of billions of dollars. As a world-leading, all-inclusive mining pool, it provides mining services for more than ten mainstream cryptocurrencies including BTC, LTC, ETC, etc. Backed by the one-stop, all-inclusive services spanning the mining pool, the exchange, and the wallet, ViaBTC is committed to offering global users more abundant supporting tools, stabler and more efficient mining services, and better product experiences. Image by Nana Dua from Pixabay
People should be able to choose the best money without the help of the government, but everyone is overly reliant on the State to make decisions.
The Play-to-Earn (P2E) Metaverse meme coin, Tamadoge, has already raised $4.75 million in the most recent round of its presale and is currently beginning the […]
Crypto market sentiment had been turning more positive in the month of August, and this had seen the digital assets in the space return double-digit growth in the first week of the month. However, the market has been unable to hold its bullish trend properly, and cryptocurrencies are beginning to shed the gains that they had put on in the first week. While the assets remain largely at positive levels, the gains for last week are noticeably less than the previous week. Weekly Gains Drop Across The Board The weekly gains across the crypto market have been down for the last week. The Small Cap Index still remains the apparent winner through the week, as is expected during such recoveries. But it was in no way close to the gains that were recorded for the prior week. Related Reading: Flippening Forewarning? Ether Options Overtake Bitcoin As The Top Crypto To Trade Small Cap altcoins came out on top with 8% gains for last week. This put it 2% ahead of the Mid and Large Cap Index and 5% better than Bitcoin’s performance. However, it should be taken into account that small cap altcoins possess more volatility compared to the other indexes. Hence the large swings in gains and losses. The Large Cap Index made a surprising move last week by rivaling the returns of the Mid Cap Index. Usually, in cases like these, the Mid Cap tends to outperform alongside the Small Cap, but last week saw it return 6% gains, the same as the Large Cap Index. Bitcoin was the worst performer of the bunch once more. It saw only 3% gains, maintaining a noticeable distance from the rest of the indexes. Bitcoin Sees Crypto Market Dominance Decline Bitcoin has been seeing its crypto market dominance decline over the last two years. With the entrance of popular cryptocurrencies such as Ethereum, the leading asset has had to give up more market share to make room for others. But even with so much market share already taken from the pioneer cryptocurrency, altcoins continue to dig their heels in. Related Reading: Bitcoin And Ethereum Retrace Before Crypto Sentiment Could Reach “Greed” Last week, bitcoin recorded another decline in its market dominance. The 0.42% taken over by altcoins has now dragged bitcoin’s dominance down to the 40% territory. Meanwhile, Ethereum is seeing a growing market share. The altcoin added 0.89% last week, bringing its market dominance above 20% to 20.74% at the time of this writing. Stablecoins are also losing market share as investors begin to take more risks. USDT, USDC, and BUSD all saw declines of 0.03%, 0.17%, and 0.03% respectively. Surprisingly, Dogecoin added 0.15% to its market dominance, while Solana saw a 0.01% addition. The decline has seen more than $50 billion wiped off the crypto market cap, bringing it to $1.10 trillion at the time of writing. Featured image from Analytics Insight, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
The utility-packed Metaverse meme coin Tamadoge is now pumping; the TAMA token beta sale has raised $257,000 in ten days, with little to no promotion […]
Decentralize leveraging protocol Hector Network recently signed a partnership deal with Germany’s top football club Borrusia Dortmund. The protocol confirmed the development on Twitter. Hector […]
Barcelona FC is kicking off new strategies in hopes of scoring big in the field of Web3. In view of the imminent financial crisis at the opening of the summer transfer season, the Barcelona board took some extreme measures, authorizing the sale of some of the club’s significant assets. Club president Joan Laporta said on […]