Category: Proof-of-Work

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Ethereum ‘Flippening’ Bitcoin: Can It Happen? How? And What It Might Mean for Crypto?

It sounds like the name of some obscure horror movie, but ‘the flippening’ is something that continues to generate plenty of debate in crypto circles. In fact, now that Ethereum (ETH) is close to its long-awaited shift to proof-of-stake, it has begun attracting more attention than ever before, particularly amid claims that ETH will become…
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Armenia aims to position itself as a Bitcoin mining hub

The post-Soviet republic took a friendly stance on crypto, but heavily relies on foreign energy. At the end of August, a digital platform called ECOS Free Economic Zone delivered good news from a country that rarely sparks on the global crypto map — Armenia. ECOS reported adding 60 megawatts (MW) of capacity to its power…
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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 now 11.63% harder to find bitcoin block reward. Bitcoin Difficulty Jumps 9.26% — Metric Prints the Second Largest Rise This Year Bitcoin (BTC) has experienced…
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Antpool Reveals Plans to Drop Ethereum Ethash Support, Plans to Keep Mining ETC

Antpool, the bitcoin mining pool affiliated with Bitmain, has announced the crypto mining operation will not manage ethereum accounts after The Merge is implemented. The mining pool is asking participating Antpool miners to add their ethereum withdrawal addresses by September 3, in order to receive the accumulated ether collected by Antpool. Antpool to Stop Supporting…
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Is It Time To Begin Talking Seriously About Bitcoin Tail Emissions?

It’s almost a truism that Bitcoin (BTC)’s major selling point is its hard supply cap, limiting its total possible circulation to BTC 21 million. However, contrary to this received wisdom, there seems to be a growing chorus of people who worry that a hard cap isn’t without its problems, and that Bitcoin will run into…
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Ethereum dev addresses node centralization concerns in runup to the Merge

A majority of 4,653 active Ethereum nodes are being run through centralized web providers like Amazon Web Services, which experts believe could become a central point of failure. Ethereum is a few weeks away from officially moving to a proof-of-stake (PoS) mining consensus from its current proof-of-work (PoW) one. The transition, officially dubbed the Merge,…
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Millions of dollars in ETH lie unclaimed in presale wallets — but there’s a way to get them back

Did you know that over 500 Ethereum presale wallets are yet to be recovered… and collectively, they have a value of several billion dollars? Out in the cryptosphere, there’s a vast amount of wealth that’s seemingly out of reach. A long-running statistic suggests four million Bitcoin — almost 20% of the total supply — has…
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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 lower prices, Bitcoin’s hashrate has jumped significantly in recent times and block intervals have sped up a great deal. The trend suggests that when the…
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End-of-Week Ethereum: Merge News Fails to Hold Price Up, Traders Discuss Merge-Related Sell-Off, Binance Joins Exchanges Preparing for Possible Fork

The price of Ethereum’s native token ETH fell over the past 24 hours, while developers identified several bugs and traders started fearing the Merge could become a ‘sell the news’-type of event. On Friday at 09:10 UTC, ETH was down by 2.8% for the past 24 hours to a price of USD 1,661. The drop…
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Bug bounty quadruples for Ethereum network — Up to $1M payouts ahead of Merge

According to the Ethereum Foundation, identifying “critical bugs” — those that have a high impact or likelihood of a high impact on the blockchain — will be worth up to $1 million. The Ethereum Foundation has announced it will be increasing the network’s bug bounty payouts fourfold ahead of the blockchain’s transition to proof-of-stake. In…
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