Top 10 Bitcoin Mining Rigs of 2024: Leading the Charge in Crypto Earnings

Top 10 Bitcoin Mining Rigs of 2024: Leading the Charge in Crypto EarningsOver the past month, the valuation of bitcoin has seen a notable increase, leading to significantly enhanced profits for today’s most sophisticated application-specific integrated circuit (ASIC) bitcoin mining devices. As of March 16, 2024, the top ten ASIC miners focused on the SHA256 consensus algorithm are generating daily earnings ranging from $10 to $21, assuming […]

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Chia Network Files for IPO With the SEC, Eyes Public Listing

Chia Network Files for IPO with the SEC, Eyes Public ListingOn Friday, Chia Network Inc. announced that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), requesting an initial public offering (IPO). The blockchain network company, founded by Bittorrent creator Bram Cohen, will initiate the IPO after the U.S. securities regulator approves the filing. Bittorrent Creator’s […]

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These Are the Most Profitable Proof-of-Work Algorithms Since Ethereum Moved to Proof-of-Stake

These Are the Most Profitable Proof-of-Work Algorithms Since Ethereum Moved to Proof-of-StakeSince the transition from proof-of-work (PoW) to proof-of-stake (PoS), ethereum cannot be mined and miners are now dedicating hashrate to different PoW chains. Since ethereum can no longer be mined, the most profitable PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32. Five days ago, before The Merge, the consensus algorithm Ethash was the most profitable, […]

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Today’s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits

Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in ProfitsAs the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per day in profits. SHA256 bitcoin miners that can process at speeds up to 110 terahash, […]

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Bitcoin Gold 51% Attacked – Network Loses $70,000 in Double Spends

Bitcoin Gold 51% Attacked - Network Loses $70,000 In Double SpendsThe Bitcoin Gold (BTG) network suffered another set of 51% attacks on January 23-24, as roughly 29 blocks were removed in two deep blockchain reorganizations (reorgs). Reports indicate that more than 7,000 BTG was double spent as the chain suffered a loss of $70,000 in two days. Also read: Bitcoin Gold Hacked for $18 Million […]

The post Bitcoin Gold 51% Attacked – Network Loses $70,000 in Double Spends appeared first on Bitcoin News.

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Bitcoin Mining Operations Offer New Strategies Before Reward Reduction

Bitcoin Mining Operations Offer New Strategies Before the Reward ReductionAs the reward halving approaches, bitcoin miners are preparing new strategies so customers can reap the most profits from their hashrate services. On December 3, the mining operation Poolin introduced a hashrate auto-switch feature so clients can automatically switch between BTC and BCH mining. Moreover, a few days later at Bitmain’s annual customer appreciation meeting, […]

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NEO Developers Announce Upcoming Consensus Algorithm Improvements

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Every cryptocurrency project needs to constantly grow and evolve to remain relevant. That unwritten rule applies as much to Bitcoin as it does to any other alternate cryptocurrency on the market. The NEO developers are currently in the process of building an improved consensus algorithm. In doing so, the popular altcoin prepares for future developments. […]

The post NEO Developers Announce Upcoming Consensus Algorithm Improvements appeared first on NullTX.

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PR: Former Meituan Cloud Veteran Launches BonusCloud – AWS in Decentralized Cloud Computing

Former Meituan Cloud Veteran Launches BonusCloud - AWS in Decentralized Cloud ComputingShuang Li, former General Manager of Meituan Open Services (MOS) walked away from lucrative package by industry tycoons, but jumped startup bandwagon to set up BonusCloud, whose vision is to become AWS in decentralized cloud computing. Shuang Li is a cloud computing expert with over a decade of experience. Prior to BonusCloud, he was General Manager of MOS, Director of Alibaba Network Department, Chairman of System Technology Committee in Baidu.

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6 Blockchain Consensus Algorithms You May Have Never Heard Of

The world of blockchain and cryptocurrencies is filled with innovative designs and concepts. When it comes to finding the right consensus algorithm, there are many different options to choose from. While some of these ideas might not be conventional, they are still valid in the long run. 6. Proof-of-Authority In PoA networks, blocks are only […]

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Study Reveals ASIC Miners Represent 30% of the Equihash Mining Hashrate

Study Reveals ASIC Miners Represent 30% of the Equihash Mining HashrateThis week the Zcash Foundation and researchers from the University of Luxembourg have released a study that finds the presence of ASIC and FPGA miners may be controlling around 30 percent of the overall Equihash mining hashrate. The study speaks volumes to cryptocurrency developers and communities who have attempted to produce proof-of-work mechanisms that were […]

The post Study Reveals ASIC Miners Represent 30% of the Equihash Mining Hashrate appeared first on Bitcoin News.

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