due

Ethereum rollup that seeks to reduce commissions suspends function… due to high commissions

table of cost per ethereum transaction according to network used, shows higher cost for using rollup arbitrum in contrast to the main network

Key facts: The Oddysey program, which gave out non-fungible tokens as prizes to users, was paused. The commissions came to be well above those of the main layer. Sometimes the remedy is more expensive than the disease, says a popular saying. This phrase can be applied to a recent decision by Arbitrum, an Ethereum scaling …

Ethereum rollup that seeks to reduce commissions suspends function… due to high commissions Read More »

Argentina Customs Seizes $21 Million in Crypto Mining Equipment Due to Invoice Irregularity – DiarioBitcoin

Texas could raise funds through NFT and harness 'abundant' energy to mine Bitcoin

By Hannah Perez Argentine authorities detected an alleged overbilling scheme involving more than 2,000 crypto mining machines. *** Government of Argentina seizes 2,233 crypto mining machines. The imported equipment was not properly invoiced. The case contributed to the tightening of customs controls. The Argentine customs authority has seized a batch of cryptocurrency mining equipment due …

Argentina Customs Seizes $21 Million in Crypto Mining Equipment Due to Invoice Irregularity – DiarioBitcoin Read More »

Bitcoin miners disconnect due to low profitability; most resist

Chart shows decline in bitcoin hashprice, hashrate and mining difficulty

Key facts: Bitcoin mining difficulty was adjusted yesterday, at 29.57 T. Bitcoin hashrate also fell, to 206 EH/s. The participation of Bitcoin miners in the network fell, a possible direct effect of the drop in prices that was reported in recent weeks. This is what the most recent adjustment of the mining difficulty reveals, which …

Bitcoin miners disconnect due to low profitability; most resist Read More »

Bitcoin miners shut down their equipment due to heat wave in Texas

Key facts: Temperatures in the US state of Texas have reached 40 degrees Celsius. Bitcoin miners help stabilize supply and demand on the power grid. High weather temperatures in the US state of Texas generate high peak demand for energy, and Bitcoin miners are helping balance the regional power grid. According to a report From …

Bitcoin miners shut down their equipment due to heat wave in Texas Read More »

There would be a few more months of mining in Ethereum due to the postponement of the difficulty bomb

current counter of time until ethereum difficulty bomb activation

Key facts: Developers want to give customers time to release certain necessary updates. One of them is Bellatrix, which monitors the activation of the difficulty bomb in Ethereum 2.0. The difficulty bomb, i.e. raising the mining difficulty of Ethereum to the maximum, could be postponed again. It was planned for the first of July, but …

There would be a few more months of mining in Ethereum due to the postponement of the difficulty bomb Read More »

Ethereum 2.0 testnet stopped due to excessive hashrate: details of what happened

Block explorer.

Key facts: The fault, which has already been fixed, had multiple factors that caused it. Such a problem could not happen in Ethereum 2.0, which is more advanced in its development. The testnet The Ethereum 2.0 Ropsten testnet had operational issues on Thursday, May 26. What happened was that the increase in the hashrate or …

Ethereum 2.0 testnet stopped due to excessive hashrate: details of what happened Read More »

“I’m about to shut down the rigs” due to low profitability, says an Ethereum miner

Joaquin Leal mining rigs

Key facts: Joaquín Leal, an Ethereum miner, recommends buying crypto instead of mining right now. Ethereum mining difficulty is about 14.50 P. The profitability of Ethereum (ETH) mining is also suffering from the impact of the red market that has been reported since the last two weeks. There are miners who are seriously thinking about …

“I’m about to shut down the rigs” due to low profitability, says an Ethereum miner Read More »

Bitcoin miners are giving up operating in New York due to regulatory uncertainty – DiarioBitcoin

Bitcoin miners are giving up operating in New York due to regulatory uncertainty - DiarioBitcoin

For DailyBitcoin Editor The state was once a draw for miners from Bitcoin for its opening, but environmental concerns about the effects of mining affect the industry, according to a report from Coindesk. *** A few days ago we reported that a study carried out by the University of Cambridge revealed that, despite the bans, …

Bitcoin miners are giving up operating in New York due to regulatory uncertainty – DiarioBitcoin Read More »