Rootstock’s Merge-Mining to Strengthen Bitcoin Network, Miners
Several of the most influential Bitcoin companies have expressed their support to promote Smart Contracts over the Bitcoin network by participating in the RSK Federation. They include Bitcointoyou, Bitex, Bitfinex, bitFlyer, Bitgo, Bitoasis, Bitpay, Bitso, Bits of Gold, Bitstamp, Blockchain, Blockchain Intelligence Group, Blocktrail, BTCC, BitKan, JAXX, SurBTC, CoinBR, Huobi, OKCoin, Paycase, Tether, Unocoin, and Xapo. The RSK federation will provide additional services such as generating external security checkpoints and active “oracling” services to gather information from external....
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Miners of both Bitcoin and Ethereum are still thriving regardless of the crypto winter. The revenue generated by Ethereum miners surpasses that of Bitcoin miners, according to the 2022 record. The growth of the miners is quite surprising given the increase in the cost of electricity. But all that might come crashing down very soon. There’s growing concern that the upcoming merge will put ETH miners out of their jobs. This can be traced to the effect of the asset’s merge on the operational mechanism of the network. Related Reading: TA – Polkadot Price Shows Strength, Eyes $10....
Bitcoin Cash proponents have been recently discussing a new mining entity with a large amount of hashrate joined the network. The merge mining operation called HathorMM currently captures 33% of the Bitcoin Cash hashrate and the miners are also mining Bitcoinsv as well. The Bitcoin Cash (BCH) network currently has 2.77 exahash (EH/s) of SHA256 hashrate pointed at the chain and a new mining entity has joined the ranks. On October 11, a few members of the BCH community discussed the mining operation dubbed HathorMM and disclosed the project is a merge-mined network. At the time of....
The upcoming Ethereum merge will switch the network consensus system into “proof of stake.” Here’s why miners are worried about it. Ethereum Miners Made $18 Billion In 2021, More Than Bitcoin Miners As per the latest weekly report from Arcane Research, ETH mining revenues totaled $18 billion in 2021, slightly more than Bitcoin miners’ $17 […]
Mining profits of the PoW cryptos have gone into the negative following the Ethereum merge as ETH miners flood the hashrates of these other coins. Mining Profits Of Popular Proof-Of-Work Cryptos Like Ethereum Classic Crater After The Merge A couple of days ago, the much awaited ETH merge finally arrived and transitioned the network into […]
Dogecoin has officially switched to auxiliary proof-of-work (AuxPoW) mining. The update now enables litecoin miners to process transactions, while providing an additional layer of security to the decentralized network. The altcoin's switch to auxiliary proof-of-work, also known as merge mining, has been in the works for some time. The move was announced this August after months of serious and, at times, passionate debate within the dogecoin community. The merge mining concept was suggested in April by litecoin creator Charlie Lee. Dogecoin creator Jackson Palmer told CoinDesk that AuxPoW....