What is a cryptocurrency mining pool?
A fraternity-based approach to mine crypto, mining pools let miners combine their computational resources for a better chance to win rewards.
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Bank of Russia, Finance Ministry Agree on Crypto Mining Regulation, Law Expected Soon
Major government institutions in Moscow, the central bank and the finance ministry, have aligned their positions on the regulation of cryptocurrency mining in the Russian Federation. The respective bill will…
Vietnam Crypto Miners Complain About Losses From Ethereum’s Merge
Miners in Vietnam have expressed grievances over the loss of business following Ethereum’s transition to a consensus mechanism that does not require the energy-intensive computing they were providing. Many are…
Working Group to Develop Efficiency Standard for Crypto Mining in Russia
Crypto industry experts have formed a working group to draft a standard for energy-efficient and profitable cryptocurrency mining in Russia. The rules will aim to help developers and data center…
Ethereum Classic Hashrate Taps All-Time High Nearing 50 TH/s Ahead of The Merge
Ethereum Classic’s hashrate surpassed the 40 terahash per second (TH/s) region last Wednesday and four days later, the network’s hashpower reached an all-time high (ATH) at 48.82 TH/s on September…
Ethereum Classic Hashrate Taps Another All-Time High, ETH Hashpower Remains Unchanged
On August 31, 2022, Ethereum Classic’s hashrate reached another all-time high (ATH) this year at block height 15,850,811. Ethereum Classic’s global hashpower surpassed the 40 terahash per second (TH/s) region…
Bitcoin’s Mining Difficulty Change Prints 2022’s Second Largest Increase — Metric Nears All-Time High
On Wednesday, Bitcoin’s mining difficulty jumped 9.26% higher, recording the second highest difficulty rise in 2022. The latest rise is Bitcoin’s third difficulty increase since August 4, 2022, and it’s…
Crypto Farms Mining at Russian Oil Fields Reach 85 MW of Capacity, Analysts Say
Farms mining cryptocurrency at oil wells in Russia account for 85 megawatts (MW) of energy capacity, experts have estimated. Investors are considering projects for another 200 MW despite constraints stemming…
Largest Ether mining pool Ethermine opens new ETH staking service
The new service offers Ethermine members a chance to collectively stake their ETH and earn 4.43% interest annually on top of their ETH deposits. As little as 0.1 ETH ($159)…
Bitcoin’s Hashrate Skyrockets, Block Intervals Suggest a ‘Notable’ Difficulty Increase Is in the Cards
While bitcoin prices hover just below the $22K mark, the leading crypto asset has still shed more than 9% against the U.S. dollar during the last two weeks. Despite the…
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