Browsing Category
Mining
Usage of non-renewable energy in Bitcoin mining increased by 13% in 2021
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 firm Compute North files for bankruptcy, CEO resigns
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…
Zilliqa launches web3 gaming console with in-built miner and crypto wallet
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…
Ethereum vanity address exploit may be cause of Wintermute hack
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…
Ethereum PoW loses 200 WETH to Omni bridge vulnerability exploit
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…
GrayScale Investment moves to sell all ETHPOW tokens
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 Classic hashrate surges to over 200 TH/s post-Merge
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…
Bitcoin mining difficulty expected to reach new all time high
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: GlassnodeThe mining difficulty refers to how…
Ethereum Proof-of-Work fork set to launch 24 hours post-Merge
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…
Here’s why miner capitulation is actually good news for Bitcoin
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…