European Parliament votes against PoW ban, providing huge relief to the crypto industry
The moderate version of the regulatory framework’s draft prevailed in the ECON committee voting. Go to Source Powered by WPeMatico
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Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation
A text threatening to prohibit cryptocurrencies relying on energy-intensive proof-of-work mining has been deleted from the draft legislation aimed at regulating the European crypto space. The move comes after the controversial provision sparked objections from the crypto community. MiCA Proposal Drops Ban on Proof-of-Work Coins Wording that could have banned cryptocurrencies with proof-of-work (PoW) mining, … Read more
Ethereum Beacon Chain Surpasses 300K Validators, Over $28 Billion in Ether Deposits Locked
The Ethereum protocol has reached another milestone as the number of Ethereum 2.0 validators has surpassed 300,000. At the time of writing, the Ethereum 2.0 contract has over 9.6 million ether deposited worth more than $28.4 billion. Ethereum Beacon Chain Validators Jump Past the 300,000 Mark For quite some time now, Ethereum (ETH) network participants … Read more
European Parliament to Cancel Vote on Crypto Assets Framework
The European Parliament will not hold a planned vote on crypto regulations after texts that can be interpreted as an attempt to ban coins with energy-intensive mining sparked negative reactions. The lawmaker leading the legislative effort says the matter needs clarification before MEPs can have a say, but the head of the ECB has insisted … Read more
13 Years Ago Today, Satoshi Nakamoto Published the First Forum Post Introducing Bitcoin
13 years ago today, the creator of the Bitcoin network, Satoshi Nakamoto published the inventor’s first forum post on the P2P Foundation website. The forum post called “Bitcoin open source implementation of P2P currency” introduced the e-cash system to the members of the advocacy and research forum focused on peer-to-peer dynamics in society. The First … Read more
Report crowns Solana for using least energy per transaction, but there’s a catch
Despite Solana’s low power consumption per transaction, the PoS network still uses much energy overall compared to other PoS protocols. Go to Source Powered by WPeMatico
Fossils vs. Renewables, PoW vs. PoS: Key policy issues around crypto mining in the U.S.
A recent meetup on the Capitol Hill highlighted several key debates that will define the mining industry’s development in the years to come. Go to Source Powered by WPeMatico
Report: Nvidia’s Lite Hash Rate Tech to Stop Crypto Miners ‘Was Pointless’
In mid-May 2021, the American multinational technology company Nvidia Corporation revealed that it added a hashrate limiter to curb the use of cryptocurrency mining with its graphics processing units (GPUs). However, crypto miners now say the move was pointless, and the mining organization Nicehash details that the hashrate limiter scheme introduced by Nvidia “did not … Read more
Individual ETH miner hits jackpot with $540K block reward
An individual miner defied the odds and managed to collect 168 ETH from a solo mining pool this week worth 42 times the average block reward. Go to Source Powered by WPeMatico
Bitcoin, Ethereum, Monero Hashrates Tap Lifetime Highs — Dash, ETC, LTC Hashpower Lower Than Prior ATHs
During the first month of 2022, both Bitcoin and Ethereum’s hashrates have climbed to all-time highs (ATHs). While Bitcoin’s hashpower surged to over 200 exahash per second (EH/s), Ethereum’s hashpower jumped to over 1 petahash per second (PH/s). A few mineable digital asset networks, however, saw their hashrates decline since their ATHs and the processing … Read more
