Hive Blockchain explores new mineable coins ahead of Ethereum merge
Hive's Ethereum mining operations have historically generated three to four times more revenue per megawatt than Bitcoin mining, the firm said. Cryptocurrency miner Hive Blockchain has been working to replace the mining of Ether (ETH) with other coins in the event of Ethereum’s upcoming transition to proof-of-stake, or PoS.The Canadian crypto mining firm has been analyzing options for mining with its GPU stash ahead of the Ethereum Merge, Hive said in its latest production update on Tuesday.According to the update, Hive started implementing beta-testing of various GPU-mineable coins this....
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While the cryptocurrency community prepares for The Merge, the Nasdaq-listed, Hive Blockchain Technologies, revealed in the company’s August 2022 production update that it plans to re-distribute its hashpower dedicated to Ethereum toward “other GPU mineable coins.”
Hive’s Technical Team Researches Other GPU Mineable Coins
On September 6, Hive Blockchain Technologies (Nasdaq: HIVE) published the company’s August production report which talks about a “record monthly BTC production” and the appointment of a new general counsel....
The HIVE blockchain announced that it had increased its revenue per megawatt by four times. This record revealed that its generated income exceeds that of Bitcoin mining. HIVE blockchain, a cryptocurrency miner, is currently looking to replace ETH mining with other digital assets. This is slated to occur after the completion of the upcoming Ethereum […]
Ethereum was formerly developed as a PoW blockchain. However, it’s been planning to transition to PoS through an upgrade tagged the merge. The process, which has different phases, is almost getting to completion as the date for the merge draws closer. The target is September 15 and would finally merge the Ethereum mainnet and the […]
Ethereum classic rebounded on Wednesday, following three consecutive days of declines. The token dropped below $40.00 earlier this week, and continues to trade below this level ahead of tomorrow’s merge event. On the other hand, Solana remained lower, with prices falling by over 8% today. Ethereum Classic (ETC) Ethereum classic (ETC) rebounded on Wednesday, following three straight days of lower lows. Less than 24 hours before the start of The Merge, the token was marginally higher, bouncing from a key support point in the process. In the aftermath of the three-day losing streak,....
Merge trials on testnets are essential to allow Ethereum developers and independent project developers to understand what they can expect when the actual Merge takes place. Ethereum has now completed its second-to-last major Merge trial on the public test network Sepolia, paving the way for its transition to the proof-of-stake (PoS) consensus mechanism.While it's been judged mostly a success, it was not incident free.The final trial of the Merge is set to occur on the Goerli network over the next few weeks before the official Merge on the Ethereum mainnet can be given the go ahead.....