The Nasdaq-listed company is moving ahead with its ambitious expansion plan. Ebang, a major Chinese Bitcoin (BTC) mining equipment supplier, is planning to acquire a financial firm in New Zealand to set up a local digital asset financial service platform. According to an official announcement on Oct. 14, Ebang International Holdings has entered an Expression…
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Steemit veterans vow to improve blockchain upgradeability and avoid damaging hard forks In March, the crypto world saw the first instance of what many saw as a hostile takeover attempt of another blockchain. Justin Sun, the founder of Tron, had acquired Steemit, Inc. and the Steem blockchain with it — or so he thought. A…
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This company presents an alternative to “sketchy” Telegram channels for second-hand mining equipment. Asic Jungle has launched a beta version of what it calls “the first-ever mining hardware marketplace” for cryptocurrency mining hardware. The company’s CEO Artem Bespaloff told Cointelegraph that he has created a trusted platform for second-hand mining equipment that operates without any…
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On-chain data shows Ethereum miners saw a 39% surge in revenue as fees soared during the DeFi craze. Ether (ETH) miner revenue skyrocketed during the month of September according to data from glassnode, an onchain analytics resource. While the price of Ether did not rise significantly during this time, miners on the Ethereum network saw…
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The Ethereum hash rate broke the 250 TH/s barrier for the first time since Aug. 2018 The amount of computing power on the Ethereum network is currently at an all time high following weeks of volatility in key metrics on the blockchain. According to data from on-chain analytics provider Glassnode, the Ethereum hash rate hit…
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His big takeaway? Mining rigs give off a lot of heat. Kosala Hemachandra, founder and CEO of crypto asset storage platform, MyEtherWallet, mined Bitcoin as a way to pay his Los Angeles rent between 2014-2015. When it came time to pay his bills, he would convert his coins into cash to facilitate the actual transaction.…
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One type of “flippening” finally happened, but only miners are feasting. Cumulative transaction fees paid to Ethereum (ETH) miners for 2020 are now close to double those of Bitcoin (BTC), clocking in at $276 million versus $146 million. A chart released by Coinmetrics highlights how Ethereum fees went on a steep ascent in the latter…
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Cryptocurrency miners are back in business, but which graphics card should you choose to not be left with an empty wallet? Now that we are at the tail end of 2020, the big hardware manufacturers are starting to announce their latest, fastest offerings set to be released ahead of the holiday season. Meanwhile, the cryptocurrency…
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The RTX 3080 is apparently twice as fast as the previous generation. The newly released generation of Nvidia graphics cards, the RTX 3000 series, is generating some buzz among miners as it is expected to be a vast improvement over the previous generations. While the cards were initially speculated to be only a minor upgrade,…
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But there is always a catch when it comes to Maduro’s government. Venezuela’s National Superintendency of Crypto Assets and Related Activities, or SUNACRIP, has issued the first decree to officially regulate all crypto mining activities. In order to qualify, miners will need to meet specific requirements. An official announcement was first published in the Gaceta…
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