Vitalik Buterin Warns High Fees Threaten Ethereum’s Security
As Ether transaction fees hit 100 gwei, the project’s co-founder warns that a failure to respond could undermine the security of the network. Go to Source Powered by WPeMatico
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New Satoshi Stash Estimate Claims Creator Mined $10.5B Worth of Bitcoin
On Monday, the blockchain trackers and researchers from Whale Alert published a new research report about the infamous fortune allegedly owned by Satoshi Nakamoto. Researchers estimate that Bitcoin’s creator possibly mined coins up to block 54,316, capturing 1,125,150 BTC or $10.5 billion using today’s exchange rates. For years now armchair sleuths and researchers have tried … Read more
US State of Texas Saddles Up to Become the Next Blockchain Capital
Texas ups its aspirations to become the go-to place for crypto in the U.S., forming a new blockchain council and highlighting the state’s mining capabilities. Go to Source Powered by WPeMatico
$10.9 Billion Bitcoin Stash Proves Satoshi Is Still the Biggest Whale
Analysts estimate Satoshi mined $10.9 billion worth of Bitcoin to keep the network safe but will these BTC ever be spent? Go to Source Powered by WPeMatico
Venezuela Bans Bitcoin Mining Operations in the Country’s Public Housing Sector
According to the Venezuelan Minister of Habitat and Housing, the government has banned mining operations in any low-income neighborhoods with subsidized housing. Ildemaro Villarroel told the public the restrictions are due to “high power consumption” in those areas. The United Socialist Party of Venezuela has decided to not allow cryptocurrency mining in specific neighborhoods, specifically … Read more
Report Cuts China’s Bitcoin Mining Capacity to 50% of World Total, Raises US’ to 14%
A new report by crypto research company Bitooda claims that China accounts for only 50% of global Bitcoin mining capacity, and the U.S. 14%. The data is in sharp contrast with earlier findings from the University of Cambridge Centre for Alternative Finance (CCAF), which put China’s share of the world hash rate at 65% and … Read more
Venezuela Bans Crypto Mining From Public Housing
Crypto mining can harm the country’s electricity distribution, says a Venezuelan minister. Go to Source Powered by WPeMatico
Miner Hoards: Q2 Bitcoin Mining Supply Outflow Touches 12-Month Low
Onchain data shows that bitcoin miners are hoarding despite the 50% loss in revenue that started on May 11, during the third reward halving. The seven-day average of bitcoin miners’ outflow volume and mining funds sent to exchanges remains significantly low. Roughly four weeks ago on June 19, the total amount of BTC transferred out … Read more
Riot Blockchain Boosts Its Hash Rate By 45% With 1,000 New Antminers
Riot Blockchain is deploying its first tranche of 1,000 Antminers S19 Pros and expects its hash rate to tag 357 petahashes per second. Go to Source Powered by WPeMatico
Bitcoin Difficulty Touches All-Time High, 120 Exahash of Hashpower Remains Strong
The network difficulty for the Bitcoin network spiked over 9.8% on Monday bringing the difficulty to its highest point ever. The record high of 17.35 trillion makes it much harder for bitcoin miners to profit. However, the overall Bitcoin network hashrate has remained consistently above the 120 exahash per second (EH/s) zone. On July 13, … Read more
