Money

Ethereum Completed All Tests Before Mainnet Merger

Goerli, which would be the last testnet to merge before the Ethereum mainnet, has successfully completed the migration from proof-of-work (PoW) to proof-of-stake (PoS). The merger (“The Merge”) in Goerli was completed over block 10,790,000 at 1:45 am (UTC). According to some developers, the process was a complete success, however, some nodes were ending blocks …

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China’s ban on Bitcoin mining favored the use of renewable energy

Bitcoin mining in China.

Key facts: The use of renewable energy in Bitcoin mining has grown by more than 10%. China still contributes more than 20% of the Bitcoin hashrate, but mostly with renewable energy. Bitcoin mining took more environmentally friendly routes after the Chinese government’s ban on this activity. Although this may not have been a consequence foreseen …

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Tornado Cash, USDC and Github expose centralization around cryptocurrencies

Tornado Cash profile.

Since the US Treasury sanctioned the Ethereum transaction mixer Tornado Cash, a series of events have alerted crypto users. Among these, the closure of Github repositories and the censorship of addresses by Circle, issuer of the USD Coin (USDC) stablecoin, stand out. The decision of the US state body is due to the fact that …

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This is how Bitcoin mining company prepares for the next bull market

Key facts: Marathon prepares to operate 68,000 Bitcoin mining rigs in a short time. The company’s savings exceed 10,000 BTC, despite recent investments. According to the most recent report from Marathon, a highly engaged Bitcoin mining company, the second quarter of the year represented a period of losses. However, this situation did not prevent this …

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“Not understanding proof-of-work is not understanding Bitcoin,” says developer

bitcoin presents information as money

The developer and writer known by the pseudonym Gigi, recently exposed in a video a series of reasons that defend the importance of mining with proof of work (PoW) in the entire Bitcoin ecosystem. The video was posted by Strike company founder and fellow developer Jack Mallers on his YouTube account. From the outset, Gigi’s …

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How much does it cost to mine 1 bitcoin in Venezuela? Miners refute analysis

Tweet about the value of mining a Bitcoin in Venezuela

Key facts: Electricity in Venezuela has an approximate price of 0.010 KW/h. Bitcoin mining is widely entrenched in the population. The cost of mining Bitcoin is not a constant. It depends on so many factors that taking a photograph would end up being misleading, because the nature of this activity is chameleon-like. However, some scenarios …

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New York residents raise their complaints about the noise of Bitcoin mining farms

The American city Niagara Falls, in the state of New York, held a public hearing to collect comments from neighbors protesting the noise caused by Bitcoin mining farms. As reported by CriptoNoticias at the end of July, the inhabitants of said city had mentioned to the local press that “Bitcoin mining is louder than waterfalls”. …

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These Bitcoin miners plugged in 14,000 new computers in the midst of a bear market

Key facts: Core Scientific also sold 1,975 BTC during the month of July, more than they mined. The project of these Bitcoin miners is to expand their operations. Bitcoin miners deepen their trading strategies ahead of the bear market. This is the face shown by Core Scientific, a company that contributes 10% of the network’s …

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