BitMEX Report Points to More Consolidation in Bitcoin ASIC Mining
The Bitcoin mining ASIC manufacturing industry is expected to further consolidate, as is the wider mining farm operating sector. Go to Source Powered by WPeMatico
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Ethermine Mining Pool Cashes in Its $2.6 Million Ethereum Fee Windfall
Ethermine will now proceed to distribute its $2.6 million bonanza from a series of bizarre ethereum transactions last week after the fund’s owner failed to make a valid claim. On June 11, the miner, a unit of Bitfly, received the record fee in a transaction involving just 350 ether (ETH), or $86,000. It was the … Read more
Ether Mining Pool Decides to Pocket One of the $2.6M Fee Transactions
The Ether mining pool that received the second $2.6 million fee abnormal transaction announced that it will distribute these funds to miners after four days. Go to Source Powered by WPeMatico
Bitmain’s Cofounder Accused of Hindering Next-Gen Bitcoin Mining Rig Shipments
On June 11, 2020, regional reports disclosed that the cofounder of Bitmain, Micree Zhan, is still battling with Jihan Wu in an ongoing feud. The quarrel is allegedly causing shipment problems for customers, as reports note that Zhan is prohibiting deliveries stemming from the company’s Shenzhen factory. Bitmain Cofounder Micree Zhan Accused of Causing Mining … Read more
ETH Miners Will Have Little Choice Once Ethereum 2.0 Launches With PoS
Once Ethereum becomes a proof-of-stake blockchain, what will happen to the ETH miners, and what will they do? Go to Source Powered by WPeMatico
Examining the Status of Stablecoin Minting and Burning Activities
We selectively analyzed six stablecoins — USDT, GUSD, HUSD, PAX, TUSD and USDC — to uncover their minting and burning activities so far in 2020. Go to Source Powered by WPeMatico
Bithumb Shares Insights on That $2.6M ETH Transaction
According to Bithumb, the Ether that paid a $2.5 million transaction fee ended up in its coffers. Go to Source Powered by WPeMatico
Botnet Exploits SQL Servers to Install Crypto Mining App
Sophos revealed recent botnet attacks breach Microsoft SQL server databases to install a well-known Monero mining app. Go to Source Powered by WPeMatico
A Number of Small Bitcoin Mining Farms Are Quitting as Older Mining Rigs Become Worthless
Bitcoin mining has changed a great deal since the block reward halving on May 11, 2020, and the overall SHA256 hashrate has been between 100-120 exahash per second (EH/s) during the last 48 hours. Reports from China show that a number of small mining operations are struggling and older bitcoin mining machines are becoming useless. … Read more
Bitfury to Launch Bitcoin Mining Fund for Institutional Investors in Japan
Bitfury is planning to launch a Bitcoin mining fund in Japan following a rollout of the offering in North America last month. Go to Source Powered by WPeMatico